What are the fees associated with selling cryptocurrency on Robinhood?

3 answers

• Jan 07, 2022 · 3 years ago
  When selling cryptocurrency on Robinhood, there are a few fees that you need to be aware of. First, there is a trading fee which is charged by Robinhood for executing the sell order. The trading fee is typically a percentage of the total transaction amount. Additionally, there may be network fees associated with the specific cryptocurrency you are selling. These network fees are charged by the blockchain network and can vary depending on the network congestion and the size of the transaction. It's important to note that Robinhood does not charge any commission fees for cryptocurrency trades, which is a great advantage compared to other platforms.
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• Jan 07, 2022 · 3 years ago
  Selling cryptocurrency on Robinhood comes with certain fees. The main fee you need to consider is the trading fee, which is charged by Robinhood for facilitating the sell order. The trading fee is usually a small percentage of the total transaction amount. Additionally, there might be network fees associated with the cryptocurrency you are selling. These fees are imposed by the blockchain network and can vary depending on the specific cryptocurrency and the current network conditions. It's worth noting that Robinhood does not charge any commission fees for cryptocurrency trades, making it a cost-effective option for selling your digital assets.
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• Jan 07, 2022 · 3 years ago
  When it comes to selling cryptocurrency on Robinhood, you'll encounter a couple of fees. First, there is the trading fee, which is charged by Robinhood for executing the sell order. The trading fee is typically a percentage of the total transaction amount. Additionally, there may be network fees associated with the specific cryptocurrency you are selling. These network fees are imposed by the blockchain network and can vary based on factors such as network congestion and transaction size. It's important to note that Robinhood prides itself on offering commission-free cryptocurrency trades, which means you won't have to worry about additional commission fees eating into your profits.
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