Are there any fees or restrictions when trading digital currencies on Robinhood brokerage?

1 answers

• Dec 27, 2021 · 3 years ago
  When it comes to trading digital currencies on Robinhood brokerage, you'll be glad to know that there are generally no fees associated with buying or selling cryptocurrencies. That means you can trade without worrying about additional charges eating into your profits. However, it's important to keep in mind that there may be small fees for specific transactions, such as transferring funds to an external wallet. These fees are usually minimal and can vary depending on the type of transaction. As for restrictions, Robinhood does have some limitations in place. For example, you may not be able to transfer cryptocurrencies to another exchange or wallet. Additionally, there may be restrictions on trading certain cryptocurrencies based on regulatory requirements or market conditions. It's always a good idea to review the platform's terms of service to understand the full scope of these restrictions.
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