What is the cost of trading digital assets on Robinhood?

9 answers

• m3mi HFeb 01, 2022 · 4 years ago
  Trading digital assets on Robinhood comes with its own set of costs. While there are no commissions or fees for buying or selling cryptocurrencies on Robinhood, the platform makes money through a process called payment for order flow. This means that when you place a trade, Robinhood sends your order to market makers who execute the trade on your behalf. These market makers pay Robinhood for the order flow, and in turn, Robinhood receives a small percentage of the spread between the bid and ask price. So, while you may not see any explicit fees, the cost of trading on Robinhood is indirectly built into the spread.
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• Harish RaviOct 13, 2020 · 5 years ago
  When it comes to trading digital assets on Robinhood, you won't have to worry about paying any commissions or fees. Robinhood offers commission-free trading for cryptocurrencies, which means you can buy and sell digital assets without incurring any additional costs. This can be a great advantage for traders who are looking to minimize their expenses and maximize their profits.
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• MurilloMGCApr 07, 2021 · 4 years ago
  Trading digital assets on Robinhood 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 Robinhood makes money through payment for order flow. This means that they receive compensation for directing orders to certain market makers. While this doesn't directly impact the cost of trading, it's worth considering the potential implications of this model.
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• Helbo LoweDec 08, 2022 · 3 years ago
  When it comes to trading digital assets on Robinhood, you'll be pleased to know that there are no commissions or fees involved. Robinhood offers commission-free trading for cryptocurrencies, which means you can buy and sell digital assets without any additional costs eating into your profits. This can be a major advantage for traders who are looking to keep their expenses low and maximize their returns.
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• jing siDec 04, 2021 · 4 years ago
  Trading digital assets on Robinhood is a cost-effective option for investors. The platform offers commission-free trading for cryptocurrencies, which means you won't have to worry about paying any fees when buying or selling digital assets. This can be particularly beneficial for those who trade frequently or with smaller amounts, as it allows them to save on transaction costs.
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• Souleymane TimboFeb 21, 2021 · 4 years ago
  When it comes to trading digital assets on Robinhood, you won't have to worry about any commissions or fees. Robinhood offers commission-free trading for cryptocurrencies, making it an attractive option for investors looking to minimize their trading costs. This can be especially advantageous for those who engage in high-frequency trading or trade with larger volumes.
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• Harun XiaoLoung WanitpatumrataJul 30, 2024 · a year ago
  Trading digital assets on Robinhood is a cost-effective choice for investors. The platform offers commission-free trading for cryptocurrencies, which means you won't have to pay any fees when buying or selling digital assets. This can help you save money and maximize your returns, especially if you're an active trader.
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• mohsenDec 25, 2024 · 8 months ago
  When it comes to trading digital assets on Robinhood, you won't have to worry about any commissions or fees. Robinhood offers commission-free trading for cryptocurrencies, allowing you to buy and sell digital assets without incurring any additional costs. This can be a significant advantage for investors who are looking to keep their expenses low and maximize their profits.
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• thebrand paletteAug 20, 2021 · 4 years ago
  Trading digital assets on Robinhood is a cost-effective option for investors. The platform offers commission-free trading for cryptocurrencies, which means you won't have to pay any fees when buying or selling digital assets. This can be particularly beneficial for those who trade frequently or with smaller amounts, as it allows them to save on transaction costs.
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