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What are the fees associated with using Robinhood Instant for buying and selling cryptocurrencies?

avatardizNov 26, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees associated with using Robinhood Instant for buying and selling cryptocurrencies? I would like to know the specific costs involved in trading cryptocurrencies on Robinhood Instant.

What are the fees associated with using Robinhood Instant for buying and selling cryptocurrencies?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    When using Robinhood Instant for buying and selling cryptocurrencies, there are a few fees to keep in mind. Firstly, Robinhood charges a commission fee for each trade, which is typically around $0.50 per transaction. Additionally, there may be fees associated with specific cryptocurrencies, such as network fees for Bitcoin transactions. It's important to note that these fees can vary depending on market conditions and the specific cryptocurrency being traded. It's always a good idea to review the fee schedule on the Robinhood website or app for the most up-to-date information on fees.
  • avatarNov 26, 2021 · 3 years ago
    Trading cryptocurrencies on Robinhood Instant comes with some fees. You'll be charged a commission fee for each trade, which is usually around $0.50 per transaction. In addition to this, there may be network fees for certain cryptocurrencies, like Bitcoin. These fees can change based on market conditions and the cryptocurrency you're trading. To get the most accurate and current information on fees, it's recommended to check Robinhood's fee schedule on their website or app.
  • avatarNov 26, 2021 · 3 years ago
    When using Robinhood Instant for buying and selling cryptocurrencies, you'll encounter some fees. Robinhood charges a commission fee for each trade, typically around $0.50 per transaction. Additionally, there may be network fees associated with specific cryptocurrencies. These fees can vary depending on market conditions and the cryptocurrency being traded. It's important to stay informed about the latest fee schedule by visiting Robinhood's website or app. Keep in mind that fees are subject to change, so it's always a good idea to double-check before making any trades.