Are there any fees associated with instant deposits of cryptocurrencies on Robinhood?

3 answers

• Sandeep ChakarbortyJan 18, 2025 · 2 years ago
  Yes, there are fees associated with instant deposits of cryptocurrencies on Robinhood. When you make an instant deposit, Robinhood charges a fee of 1.5% of the transaction amount. This fee is deducted from the total amount you deposit. It's important to note that this fee is separate from any trading fees or commissions that may apply when you buy or sell cryptocurrencies on Robinhood.
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• Daniel VictoriosoJun 11, 2021 · 5 years ago
  Absolutely! Instant deposits of cryptocurrencies on Robinhood come with a fee. The fee is 1.5% of the deposit amount, and it is deducted from the total deposit. So, if you deposit $100 worth of cryptocurrencies, you will be charged a fee of $1.50. Keep in mind that this fee is in addition to any other fees that may apply to your Robinhood account.
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• Burks EllisMay 22, 2023 · 3 years ago
  Yes, there are fees associated with instant deposits of cryptocurrencies on Robinhood. However, at BYDFi, we offer instant deposits of cryptocurrencies without any fees. So, if you're looking for a fee-free option, you might want to consider using BYDFi instead of Robinhood. With BYDFi, you can enjoy the convenience of instant deposits without worrying about any extra charges.
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