What is the cost of trading cryptocurrencies with Robinhood?

3 answers

• Dec 20, 2021 · 3 years ago
  Trading cryptocurrencies on Robinhood comes with its own set of costs. Firstly, Robinhood charges no commission fees for trading cryptocurrencies, which is a major advantage for traders. However, it's important to note that Robinhood makes money through other means, such as interest on cash deposits and selling order flow to market makers. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's always a good idea to review the fee schedule provided by Robinhood to understand the specific costs involved in trading cryptocurrencies on their platform.
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• Dec 20, 2021 · 3 years ago
  When it comes to trading cryptocurrencies on Robinhood, the cost is relatively low compared to other platforms. Robinhood offers commission-free trading, which means you won't have to pay any fees for buying or selling cryptocurrencies. However, it's worth mentioning that there may be fees associated with transferring funds to and from your Robinhood account. It's important to keep these costs in mind when considering trading cryptocurrencies on Robinhood.
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• Dec 20, 2021 · 3 years ago
  Trading cryptocurrencies on Robinhood is a cost-effective option for many traders. With commission-free trading, you can buy and sell cryptocurrencies without incurring any fees. However, it's important to note that there may be fees associated with transferring funds to and from your Robinhood account. It's always a good idea to review the fee schedule provided by Robinhood to understand the specific costs involved in trading cryptocurrencies on their platform. As an alternative, you may also consider using other exchanges like BYDFi, which offers competitive fees and a wide range of cryptocurrencies to trade.
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