How does Robinhood charge recurring investment fees for cryptocurrency investments?

3 answers

• Jan 14, 2022 · 3 years ago
  Sure! Robinhood charges recurring investment fees for cryptocurrency investments by deducting a small percentage from the total value of your cryptocurrency holdings on a regular basis. This fee is typically calculated monthly or annually, depending on the specific terms of your investment. The deducted amount is used to cover the costs associated with maintaining and operating the platform, as well as providing customer support and other services. It's important to note that the fee structure may vary depending on the cryptocurrency you're investing in and the specific terms of your Robinhood account.
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• Jan 14, 2022 · 3 years ago
  Robinhood charges recurring investment fees for cryptocurrency investments in order to generate revenue and cover the costs of providing their services. These fees are typically a small percentage of the total value of your cryptocurrency holdings and are deducted on a regular basis. The exact fee structure may vary depending on the specific terms of your Robinhood account and the cryptocurrency you're investing in. It's always a good idea to carefully review the fee schedule and terms of service before making any investment decisions.
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• Jan 14, 2022 · 3 years ago
  When it comes to recurring investment fees for cryptocurrency investments, Robinhood takes a different approach. Instead of charging a separate fee for each transaction, Robinhood offers a subscription-based service called Robinhood Gold. With Robinhood Gold, you pay a monthly fee which includes access to additional features and benefits, such as extended trading hours and the ability to trade on margin. This subscription fee covers all your cryptocurrency investments and eliminates the need for individual transaction fees. It's worth noting that Robinhood Gold is an optional service and not required for basic cryptocurrency trading on the platform.
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