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Are there any fees or penalties associated with closing a Robinhood account that holds cryptocurrency?

avatarKhan RahmanDec 29, 2021 · 3 years ago3 answers

I am considering closing my Robinhood account that holds cryptocurrency. I want to know if there are any fees or penalties associated with closing the account. Can you provide some information on this?

Are there any fees or penalties associated with closing a Robinhood account that holds cryptocurrency?
Cryptocurrency
Robinhood
Fees

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Closing a Robinhood account that holds cryptocurrency does not incur any fees or penalties. You can close your account at any time without incurring any additional charges. However, it's important to note that if you have any outstanding trades or pending transactions, you should resolve them before closing your account to avoid any potential complications.
  • avatarDec 29, 2021 · 3 years ago
    No, there are no fees or penalties for closing a Robinhood account that holds cryptocurrency. Robinhood allows you to close your account without any additional charges. Just make sure to settle any pending transactions or trades before closing your account to avoid any issues.
  • avatarDec 29, 2021 · 3 years ago
    Closing a Robinhood account that holds cryptocurrency is free of charge. There are no fees or penalties associated with closing your account. However, it's always a good idea to review your account and make sure all transactions are settled before closing to avoid any potential complications. If you have any specific concerns, you can reach out to Robinhood's customer support for assistance.

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