What are the fees associated with using Robinhood ATM for buying and selling cryptocurrencies?
Mahsa AbbasiDec 18, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees associated with using the Robinhood ATM for buying and selling cryptocurrencies? I would like to know the specific charges and if there are any additional costs involved in the process.
1 answers
- Dec 18, 2021 · 3 years agoWhen it comes to using the Robinhood ATM for buying and selling cryptocurrencies, there are a few fees to consider. Robinhood charges a commission fee for each transaction, which varies depending on the size of the transaction and the specific cryptocurrency involved. In addition to the commission fee, there may be network fees imposed by the cryptocurrency network itself. These network fees are not controlled by Robinhood and can fluctuate based on network congestion and the specific cryptocurrency being transacted. It's important to note that Robinhood does not charge any account maintenance or inactivity fees. Overall, the fees associated with using the Robinhood ATM for buying and selling cryptocurrencies are competitive compared to other platforms in the market.
Related Tags
Hot Questions
- 95
What are the best practices for reporting cryptocurrency on my taxes?
- 84
Are there any special tax rules for crypto investors?
- 83
What is the future of blockchain technology?
- 73
What are the best digital currencies to invest in right now?
- 44
How can I buy Bitcoin with a credit card?
- 39
How does cryptocurrency affect my tax return?
- 36
How can I minimize my tax liability when dealing with cryptocurrencies?
- 31
What are the tax implications of using cryptocurrency?