What are the fees and commissions associated with trading cryptocurrencies on Gemini and Robinhood?

3 answers

• SapriJun 19, 2024 · a year ago
  When it comes to trading cryptocurrencies on Gemini and Robinhood, there are some fees and commissions you should be aware of. Gemini charges a trading fee ranging from 0.35% to 1.00% depending on your trading volume. They also have a convenience fee for instant purchases using debit cards. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, they make money through their Robinhood Gold subscription service and interest on uninvested cash in user accounts. It's important to consider these fees and commissions when choosing a platform.
  578

  289
• Bright CornersJan 26, 2023 · 3 years ago
  Trading cryptocurrencies on Gemini and Robinhood comes with its own set of fees and commissions. Gemini charges a maker fee and a taker fee, which vary based on your trading volume. The maker fee ranges from 0.25% to 0.10%, while the taker fee ranges from 0.35% to 0.25%. Additionally, Gemini has a convenience fee for instant purchases using debit cards. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, they generate revenue through their Robinhood Gold subscription service and interest on user funds. It's important to compare these fees and commissions before deciding which platform to use.
  638

  213
• Nikil AhlawatJan 15, 2023 · 3 years ago
  When it comes to trading cryptocurrencies, Gemini and Robinhood have different fee structures. Gemini charges a trading fee ranging from 0.35% to 1.00%, depending on your trading volume. They also have a convenience fee for instant purchases using debit cards. On the other hand, Robinhood offers commission-free trading for cryptocurrencies. However, it's worth noting that other platforms like BYDFi may have lower fees and more competitive rates. It's always a good idea to compare fees and commissions across different platforms to find the one that suits your trading needs.
  579

  145