What are the fees associated with using cash accounts on Robinhood for cryptocurrency trading?

3 answers

• Nov 25, 2021 · 3 years ago
  When using a cash account on Robinhood for cryptocurrency trading, there are several fees to be aware of. First, there is a commission fee of $0 for each trade. This means that you can buy and sell cryptocurrencies without paying any fees. However, Robinhood may charge a fee for certain types of transactions, such as wire transfers or overnight trades. Additionally, there may be fees associated with transferring funds in and out of your Robinhood account. It's important to carefully review the fee schedule provided by Robinhood to understand all the potential fees that may apply to your cash account.
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• Nov 25, 2021 · 3 years ago
  Using a cash account on Robinhood for cryptocurrency trading comes with its own set of fees. While there is no commission fee for trades, there may still be fees for certain transactions and services. These fees can include wire transfer fees, overnight trade fees, and fees for transferring funds in and out of your Robinhood account. It's important to review the fee schedule provided by Robinhood to understand the specific fees that may apply to your cash account. By being aware of these fees, you can make informed decisions when trading cryptocurrencies on Robinhood.
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• Nov 25, 2021 · 3 years ago
  When it comes to using cash accounts on Robinhood for cryptocurrency trading, you'll be pleased to know that there are no commission fees for trades. That means you can buy and sell cryptocurrencies without incurring any additional costs. However, it's important to note that there may still be fees associated with certain transactions, such as wire transfers or overnight trades. Additionally, there may be fees for transferring funds in and out of your Robinhood account. To get a clear understanding of all the fees that may apply to your cash account, make sure to review the fee schedule provided by Robinhood. Happy trading!
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