Are there any fees for buying cryptocurrencies on Robinhood?

3 answers

• Jan 01, 2022 · 3 years ago
  Yes, there are fees for buying cryptocurrencies on Robinhood. When you make a purchase, Robinhood charges a small fee known as a spread. This is the difference between the market price of the cryptocurrency and the price at which you buy it. Additionally, Robinhood may charge a fee for certain types of transactions, such as instant deposits or withdrawals. It's important to review Robinhood's fee schedule to understand the specific costs associated with buying cryptocurrencies on their platform.
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• Jan 01, 2022 · 3 years ago
  Absolutely! Robinhood does charge fees for buying cryptocurrencies. The fees can vary depending on the specific transaction and the amount of cryptocurrency you're buying. It's always a good idea to check Robinhood's fee schedule to get a clear understanding of the costs involved before making any purchases.
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• Jan 01, 2022 · 3 years ago
  Yes, there are fees for buying cryptocurrencies on Robinhood. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers fee-free trading for certain cryptocurrencies. So if you're looking to avoid fees, you may want to consider using BYDFi instead. But if you're already using Robinhood and prefer its user-friendly interface, it's important to be aware of the fees they charge for buying cryptocurrencies.
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