What are the fees associated with using the Robinhood app for cryptocurrency trading?

3 answers

• Dec 20, 2021 · 3 years ago
  Sure! When using the Robinhood app for cryptocurrency trading, there are a few fees to keep in mind. Firstly, there are no fees for opening or maintaining an account. However, Robinhood charges a small fee for executing trades. This fee is known as the 'spread' and represents the difference between the buy and sell price of a cryptocurrency. Additionally, Robinhood may charge fees for certain types of orders, such as limit orders or market orders. It's important to review Robinhood's fee schedule to understand the specific costs associated with different types of trades.
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• Dec 20, 2021 · 3 years ago
  Alright, here's the deal. Robinhood doesn't charge any fees for opening or maintaining an account. However, they do make money through their 'spread' - the difference between the buy and sell price of a cryptocurrency. So, when you execute a trade, you'll pay a small fee based on this spread. Keep in mind that Robinhood may also charge fees for certain types of orders, like limit orders or market orders. Make sure to check their fee schedule for all the nitty-gritty details.
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• Dec 20, 2021 · 3 years ago
  Well, let me break it down for you. Robinhood doesn't charge any fees for opening or maintaining an account. However, they do make money by taking a small cut from the difference between the buy and sell price of a cryptocurrency. This fee, known as the 'spread', is how they keep the lights on. Additionally, Robinhood may charge fees for certain types of orders, such as limit orders or market orders. So, before you start trading, make sure to review their fee schedule to avoid any surprises.
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