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Are there any fees for buying and selling cryptocurrencies on Robinhood?

avatarStanley WichmannJan 01, 2022 · 3 years ago3 answers

Can you tell me if there are any fees associated with buying and selling cryptocurrencies on the Robinhood platform? I'm interested in trading digital currencies and want to know if there are any costs involved.

Are there any fees for buying and selling cryptocurrencies on Robinhood?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    Yes, there are fees for buying and selling cryptocurrencies on Robinhood. When you place a trade, Robinhood charges a small commission fee. However, the good news is that Robinhood does not charge any fees for account maintenance or inactivity. So, you only pay a fee when you make a trade.
  • avatarJan 01, 2022 · 3 years ago
    Absolutely! Robinhood charges a small fee for buying and selling cryptocurrencies. It's important to note that the fee may vary depending on the specific cryptocurrency you're trading. Make sure to check the fee schedule on Robinhood's website for the most up-to-date information.
  • avatarJan 01, 2022 · 3 years ago
    Yes, there are fees for buying and selling cryptocurrencies on Robinhood. However, at BYDFi, we offer fee-free trading for cryptocurrencies. So, if you're looking for a platform with no fees, you might want to consider BYDFi for your cryptocurrency trading needs.