What are the fees for day trading cryptocurrencies on Robinhood?

1 answers

• Dec 20, 2021 · 3 years ago
  As an expert in the field, I can tell you that the fees for day trading cryptocurrencies on Robinhood are quite competitive. Unlike many other platforms, Robinhood does not charge any commission fees for buying or selling cryptocurrencies. This means that you can make trades without worrying about incurring additional costs. However, it's important to note that Robinhood does charge a spread between the bid and ask prices, which is the difference between the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. This spread can vary depending on market conditions and the specific cryptocurrency you are trading. Additionally, Robinhood may charge fees for certain types of transactions, such as transferring cryptocurrencies to an external wallet. It's always a good idea to review the fee schedule on the Robinhood website to stay informed about any potential changes or updates to the fee structure.
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