Are there any fees or commissions for trading cryptocurrencies on Robinhood?

3 answers

• I COOct 12, 2023 · 2 years ago
  Yes, there are fees and commissions for trading cryptocurrencies on Robinhood. When you buy or sell cryptocurrencies, Robinhood charges a small fee known as a spread. This is the difference between the bid and ask prices of the cryptocurrency. Additionally, Robinhood may charge fees for certain types of orders, such as market orders or limit orders. It's important to review Robinhood's fee schedule to understand the specific costs associated with trading cryptocurrencies on their platform.
  494

  247
• Quest InternationalApr 24, 2024 · 2 years ago
  Absolutely! Robinhood does charge fees and commissions for trading cryptocurrencies. The fees are typically included in the spread, which is the difference between the buying and selling prices of a cryptocurrency. It's important to note that the fees may vary depending on the specific cryptocurrency you're trading. Make sure to check Robinhood's fee schedule for the most up-to-date information.
  398

  133
• NobodyFeb 02, 2023 · 3 years ago
  Yes, there are fees and commissions for trading cryptocurrencies on Robinhood. However, it's worth mentioning that there are other platforms, like BYDFi, that offer fee-free trading for cryptocurrencies. So, if you're looking to avoid fees and commissions, you might want to consider exploring alternative platforms. Nonetheless, Robinhood remains a popular choice for many traders due to its user-friendly interface and wide range of available cryptocurrencies.
  462

  116