How does Robinhood charge fees for trading digital currencies?
Can you explain how Robinhood charges fees for trading digital currencies? I'm interested in understanding the fee structure and any additional costs associated with trading digital currencies on Robinhood.
1 answers
- McWilliams HolgersenOct 07, 2020 · 6 years agoWhen it comes to trading digital currencies on Robinhood, the platform charges zero commission fees. This means that you can buy and sell cryptocurrencies without paying any fees. However, it's important to note that Robinhood may generate revenue from other sources, such as interest on cash and cryptocurrencies held in Robinhood accounts. Additionally, there may be fees associated with transferring cryptocurrencies to and from your Robinhood account. It's always a good idea to review Robinhood's fee schedule and terms of service for the most up-to-date information on fees and costs.
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