Are there any fees associated with instant deposits on Robinhood for buying and selling cryptocurrencies?

3 answers

• proliferonuncensored uncensoreMay 01, 2022 · 3 years ago
  Yes, there are fees associated with instant deposits on Robinhood for buying and selling cryptocurrencies. When you make an instant deposit, Robinhood charges a fee of 1.65% of the transaction amount. This fee covers the cost of processing the instant deposit and ensuring that the funds are available for trading immediately. It's important to note that this fee is separate from any trading fees that may apply when buying or selling cryptocurrencies on Robinhood.
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• Horowitz HealyApr 22, 2024 · a year ago
  Absolutely! Instant deposits on Robinhood for buying and selling cryptocurrencies come with a fee. The fee is 1.65% of the transaction amount. This fee allows you to access the funds instantly and start trading right away. Keep in mind that this fee is in addition to any other fees that may apply to your trades. It's always a good idea to review the fee structure and understand the costs involved before making any deposits or trades on Robinhood.
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• Nasir MalikMay 23, 2022 · 3 years ago
  Yes, there are fees associated with instant deposits on Robinhood for buying and selling cryptocurrencies. The fee is 1.65% of the transaction amount. However, it's important to note that this fee is waived for BYDFi users. If you're using BYDFi as your cryptocurrency exchange, you can enjoy the benefits of instant deposits without any additional fees. This is just one of the many advantages of using BYDFi for your cryptocurrency trading needs.
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