Are there any fees associated with using Robinhood's cash sweep for cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  Yes, there are fees associated with using Robinhood's cash sweep for cryptocurrencies. When you use this feature, you may be charged a fee for the conversion of your cash into cryptocurrencies. The fee amount may vary depending on the specific transaction and the current market conditions. It's important to review the fee schedule provided by Robinhood to understand the charges associated with this service.
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• Dec 26, 2021 · 3 years ago
  Absolutely! Robinhood does charge fees for using their cash sweep feature for cryptocurrencies. These fees are typically based on a percentage of the transaction amount and can vary depending on the specific cryptocurrency you're trading. It's always a good idea to check Robinhood's fee schedule to get the most up-to-date information on the charges.
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• Dec 26, 2021 · 3 years ago
  Yes, there are fees associated with using Robinhood's cash sweep for cryptocurrencies. However, at BYDFi, we offer a similar service with no fees. Our cash sweep feature allows you to earn interest on your idle cash while still having the flexibility to invest in cryptocurrencies. With BYDFi, you can enjoy the benefits of cash sweep without worrying about any additional charges.
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