Are there any fees associated with using instant deposit on Robinhood for cryptocurrency transactions?
Amirali DaliriDec 26, 2021 · 3 years ago3 answers
Can you tell me if there are any fees that I need to pay when using instant deposit on Robinhood for cryptocurrency transactions? I'm considering using this feature, but I want to make sure I understand all the costs involved.
3 answers
- Dec 26, 2021 · 3 years agoYes, there are fees associated with using instant deposit on Robinhood for cryptocurrency transactions. When you use instant deposit, you will be charged a fee of 1.5% of the total transaction amount. This fee is deducted from the amount you deposit, so you will receive slightly less cryptocurrency than the amount you deposit.
- Dec 26, 2021 · 3 years agoAbsolutely! When you use instant deposit on Robinhood for cryptocurrency transactions, there is a fee of 1.5% that you need to pay. This fee is automatically deducted from your deposit, so you don't need to worry about paying it separately. Just keep in mind that you will receive slightly less cryptocurrency than the amount you deposit.
- Dec 26, 2021 · 3 years agoYes, there are fees associated with using instant deposit on Robinhood for cryptocurrency transactions. However, it's important to note that these fees are subject to change and may vary depending on the specific transaction. It's always a good idea to check the latest fee schedule on Robinhood's website or contact their customer support for the most accurate and up-to-date information.
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