Are there any fees associated with custodial accounts for cryptocurrency on Robinhood?

7 answers

• Nelson AtuyaApr 02, 2021 · 4 years ago
  Yes, there are fees associated with custodial accounts for cryptocurrency on Robinhood. The fees include a monthly maintenance fee, transaction fees, and potential withdrawal fees. It's important to review the fee schedule provided by Robinhood to understand the specific charges for custodial accounts.
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• tham vJun 30, 2024 · a year ago
  Absolutely! When it comes to custodial accounts for cryptocurrency on Robinhood, there are fees involved. These fees typically include a monthly maintenance fee, transaction fees for buying and selling cryptocurrencies, and potential withdrawal fees. It's always a good idea to check Robinhood's fee schedule for the most up-to-date information.
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• Ebbesen BagerMay 24, 2021 · 4 years ago
  Indeed, custodial accounts for cryptocurrency on Robinhood do come with fees. These fees cover various aspects, such as a monthly maintenance fee to keep the account active, transaction fees for buying and selling cryptocurrencies, and potential withdrawal fees. It's worth noting that different cryptocurrencies may have different fee structures, so it's essential to check the specific details for each cryptocurrency you're interested in.
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• Haneefah SANNIJan 22, 2025 · 7 months ago
  Yes, there are fees associated with custodial accounts for cryptocurrency on Robinhood. However, it's important to note that the fees can vary depending on the specific cryptocurrency and the type of transaction. Robinhood provides a fee schedule that outlines the charges for each cryptocurrency, including the monthly maintenance fee, transaction fees, and withdrawal fees. It's recommended to review the fee schedule before opening a custodial account.
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• Cannon SommerAug 30, 2021 · 4 years ago
  Custodial accounts for cryptocurrency on Robinhood do have fees associated with them. These fees cover various aspects, such as a monthly maintenance fee, transaction fees for buying and selling cryptocurrencies, and potential withdrawal fees. It's crucial to review Robinhood's fee schedule to understand the specific charges and ensure you're aware of the costs involved.
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• Son HaikuMar 25, 2024 · a year ago
  Yes, there are fees associated with custodial accounts for cryptocurrency on Robinhood. The fees can include a monthly maintenance fee, transaction fees for buying and selling cryptocurrencies, and potential withdrawal fees. It's important to consider these fees when deciding to open a custodial account and to review Robinhood's fee schedule for detailed information.
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• Dvir GevFeb 20, 2024 · a year ago
  BYDFi, a digital currency exchange, provides custodial accounts for cryptocurrency on Robinhood. These accounts do come with fees, including a monthly maintenance fee, transaction fees, and potential withdrawal fees. It's advisable to review BYDFi's fee schedule to understand the specific charges associated with custodial accounts on Robinhood.
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