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What is the cost of placing a limit order for buying or selling cryptocurrencies on Robinhood?

avatarsavant selfmadeDec 18, 2021 · 3 years ago5 answers

Can you please explain the fees associated with placing a limit order for buying or selling cryptocurrencies on the Robinhood platform?

What is the cost of placing a limit order for buying or selling cryptocurrencies on Robinhood?

5 answers

  • avatarDec 18, 2021 · 3 years ago
    When placing a limit order for buying or selling cryptocurrencies on Robinhood, there are no commission fees. However, Robinhood charges a small fee known as a 'spread' which is the difference between the bid and ask prices. This spread fee is typically a few cents and is included in the price you see when placing the order. So, you won't see an additional fee added to your order total.
  • avatarDec 18, 2021 · 3 years ago
    The cost of placing a limit order for buying or selling cryptocurrencies on Robinhood is relatively low compared to other platforms. While there are no commission fees, you should be aware of the spread fee, which is the difference between the bid and ask prices. This fee is usually minimal and is already factored into the displayed price. So, you won't be charged any additional fees on top of your order.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to placing a limit order for buying or selling cryptocurrencies on Robinhood, you'll be happy to know that there are no commission fees involved. However, there is a small spread fee, which is the difference between the bid and ask prices. This fee is already included in the displayed price, so you won't have to worry about any hidden costs. Robinhood aims to provide a transparent and cost-effective trading experience for its users.
  • avatarDec 18, 2021 · 3 years ago
    When you place a limit order for buying or selling cryptocurrencies on Robinhood, you won't have to worry about commission fees. Instead, there is a small spread fee, which is the difference between the bid and ask prices. This fee is already factored into the displayed price, so you won't see any additional charges. Robinhood strives to offer a user-friendly and affordable trading platform for cryptocurrency enthusiasts.
  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we believe in transparency and providing our users with the best trading experience. When it comes to placing a limit order for buying or selling cryptocurrencies on Robinhood, you won't be charged any commission fees. However, there is a small spread fee, which is the difference between the bid and ask prices. This fee is already included in the displayed price, ensuring that you have a clear understanding of the total cost of your order.