What are the fees and commissions associated with trading cryptocurrencies on the Robin Hood app?

3 answers

• Skaarup PatrickSep 20, 2021 · 4 years ago
  When trading cryptocurrencies on the Robin Hood app, you will encounter several fees and commissions. First, there is no commission fee for buying or selling cryptocurrencies on the Robin Hood app. However, Robin Hood makes money through a process called payment for order flow. This means that when you place a trade, Robin Hood sends your order to market makers who execute the trade. These market makers pay Robin Hood a small fee for the order, which helps cover the costs of providing the service. Additionally, there may be fees associated with transferring funds into and out of your Robin Hood account. It's important to review the Robin Hood app's fee schedule for the most up-to-date information on fees and commissions.
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• elsayedJul 15, 2022 · 3 years ago
  Trading cryptocurrencies on the Robin Hood app is commission-free, which means you won't have to pay any fees for buying or selling cryptocurrencies. However, it's important to note that there may be other costs involved, such as fees for transferring funds into and out of your Robin Hood account. These fees can vary depending on the specific cryptocurrency and the method of transfer. It's always a good idea to review the fee schedule provided by Robin Hood to understand the costs associated with trading cryptocurrencies on their platform.
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• Taha MoeiniMar 19, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on the Robin Hood app, you'll be happy to know that there are no commission fees. That's right, you can buy and sell cryptocurrencies without having to worry about paying any additional fees. However, it's important to keep in mind that there may be other costs involved, such as fees for transferring funds into and out of your Robin Hood account. These fees can vary depending on the specific cryptocurrency and the method of transfer. To get the most accurate and up-to-date information on fees and commissions, it's always a good idea to check the fee schedule provided by Robin Hood.
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