What are the fees associated with buying and selling cryptocurrency on Robinhood?

3 answers

• KrishnenduAug 25, 2023 · 3 years ago
  When it comes to buying and selling cryptocurrency on Robinhood, there are a few fees you should be aware of. First, there are no commission fees for trading cryptocurrency on Robinhood. This means you can buy and sell cryptocurrencies without paying any fees. However, Robinhood makes money through a process called payment for order flow. This means that when you place a trade, Robinhood may receive a small payment from a market maker for routing your order to them. Additionally, there may be fees associated with transferring funds to and from your Robinhood account. It's important to review Robinhood's fee schedule for the most up-to-date information on any potential fees.
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• Shyamanand SinghNov 19, 2023 · 3 years ago
  When you buy or sell cryptocurrency on Robinhood, you won't be charged any commission fees. That's right, zero fees! Robinhood has made a name for itself by offering commission-free trading, and this extends to cryptocurrency as well. However, it's worth noting that Robinhood may make money through other means, such as payment for order flow. This means that while you won't directly pay fees for trading, there may be indirect costs associated with the execution of your trades. It's always a good idea to review the terms and conditions and fee schedule of any platform you use for trading cryptocurrency.
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• Mohamed GamilMay 11, 2021 · 5 years ago
  As a representative of BYDFi, I can tell you that when it comes to buying and selling cryptocurrency on Robinhood, there are no commission fees involved. Robinhood offers commission-free trading for cryptocurrencies, which means you can buy and sell without incurring any fees. However, it's important to note that there may be other costs associated with trading, such as payment for order flow or fees for transferring funds. It's always a good idea to review the platform's fee schedule and terms of service to understand the complete picture of the costs involved.
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