What are the fees associated with cash sweep for digital currencies on Robinhood brokerage?

5 answers

• Jan 13, 2022 · 3 years ago
  When it comes to cash sweep for digital currencies on Robinhood brokerage, there are a few fees to consider. First, there is a small fee for converting your cash into digital currencies. This fee is typically a percentage of the total amount you are converting. Additionally, there may be fees associated with buying and selling digital currencies on the platform. These fees can vary depending on the specific currency and the size of the transaction. It's important to review the fee schedule provided by Robinhood to understand the exact costs associated with cash sweep for digital currencies.
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• Jan 13, 2022 · 3 years ago
  The fees for cash sweep of digital currencies on Robinhood brokerage are relatively low compared to other platforms. The conversion fee is typically around 1-2% of the total amount being converted. The buying and selling fees for digital currencies range from 0.5% to 1% of the transaction amount. These fees are competitive in the market and make Robinhood a cost-effective option for trading digital currencies.
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• Jan 13, 2022 · 3 years ago
  When it comes to cash sweep for digital currencies on Robinhood brokerage, the fees are quite reasonable. The conversion fee is usually around 1% of the total amount being converted. The buying and selling fees for digital currencies are typically 0.5% of the transaction amount. These fees are in line with industry standards and ensure that you can easily convert and trade your digital currencies on the Robinhood platform.
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• Jan 13, 2022 · 3 years ago
  BYDFi, a popular digital currency exchange, offers cash sweep services for digital currencies with competitive fees. The conversion fee is typically around 1% of the total amount being converted. The buying and selling fees for digital currencies range from 0.5% to 1% of the transaction amount. These fees are designed to provide users with a cost-effective way to convert and trade their digital currencies on the BYDFi platform.
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• Jan 13, 2022 · 3 years ago
  The fees associated with cash sweep for digital currencies on Robinhood brokerage are quite reasonable. The conversion fee is typically around 1% of the total amount being converted. The buying and selling fees for digital currencies are usually 0.5% of the transaction amount. These fees ensure that users can easily convert and trade their digital currencies without incurring excessive costs.
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