What are the fees and limits for buying crypto on Robinhood?

3 answers

• LenkaJan 05, 2024 · 2 years ago
  Sure! When it comes to buying crypto on Robinhood, there are a few things to keep in mind. First, Robinhood charges $0 commission fees for buying and selling cryptocurrencies. This means that you won't have to pay any additional fees on top of the price of the crypto itself. However, it's important to note that Robinhood may charge a spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions and the specific cryptocurrency you're trading. As for limits, Robinhood has a daily and weekly limit for cryptocurrency purchases. The daily limit is $50,000 and the weekly limit is $100,000. These limits are in place to ensure the security and stability of the platform. Overall, Robinhood offers a user-friendly and cost-effective way to buy cryptocurrencies without any commission fees.
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• Carr MirandaApr 29, 2021 · 4 years ago
  Buying crypto on Robinhood is a breeze! They don't charge any commission fees, so you can buy and sell cryptocurrencies without worrying about additional costs. However, keep in mind that they may charge a spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions. In terms of limits, Robinhood has a daily limit of $50,000 and a weekly limit of $100,000 for cryptocurrency purchases. These limits are in place to ensure the safety and stability of the platform. So go ahead and start buying crypto on Robinhood without any worries!
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• LarryJul 25, 2023 · 2 years ago
  When it comes to buying crypto on Robinhood, you're in luck! They don't charge any commission fees, so you can buy and sell cryptocurrencies without any extra costs. However, they may charge a spread, which is the difference between the bid and ask prices. This spread can vary depending on market conditions and the specific cryptocurrency you're trading. In terms of limits, Robinhood has a daily limit of $50,000 and a weekly limit of $100,000 for cryptocurrency purchases. These limits are in place to ensure the security and stability of the platform. So go ahead and take advantage of Robinhood's fee-free crypto trading!
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