What are the fees associated with Robinhood custodial accounts for trading cryptocurrencies?

1 answers

• Bruno RezendeMar 01, 2023 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Robinhood custodial accounts for trading cryptocurrencies have minimal fees. Robinhood does not charge any commission fees for buying or selling cryptocurrencies. However, they do make money through payment for order flow, which means they receive a small fee from market makers for executing trades. This fee is typically included in the price you see when you place a trade. Additionally, there may be fees associated with transferring funds into and out of your Robinhood account, depending on your bank. It's always a good idea to check with your bank to understand any potential fees. Overall, Robinhood offers a cost-effective solution for trading cryptocurrencies, especially for beginners who want to get started with minimal fees.
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