What are the fees associated with trading cryptocurrencies on Robinhood Exchange?

2 answers

• Jan 24, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on the Robinhood Exchange, you'll be happy to know that there are no commission fees involved. That's right, you can buy and sell cryptocurrencies without paying any fees to the platform. However, there are still some fees to be aware of. If you choose to transfer your cryptocurrencies to an external wallet, you may incur a network fee. This fee is charged by the network itself and not by Robinhood. Additionally, if you decide to use Robinhood Gold, there is a monthly fee based on your account size. Robinhood Gold provides you with additional features and benefits, so it's worth considering if you're a frequent trader. Overall, the fees associated with trading cryptocurrencies on Robinhood are quite reasonable and can be easily managed.
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• Jan 24, 2022 · 3 years ago
  As a representative of BYDFi, I can tell you that trading cryptocurrencies on the Robinhood Exchange comes with some fees. However, the good news is that there are no commission fees for buying or selling cryptocurrencies on Robinhood. This means you can trade without worrying about paying any fees to the platform. But keep in mind that there are still other fees to consider. For example, if you choose to transfer your cryptocurrencies to an external wallet, you may incur a network fee. Additionally, if you decide to use Robinhood Gold, there is a monthly fee based on your account size. Overall, the fees associated with trading cryptocurrencies on Robinhood are relatively low compared to other platforms, making it a popular choice among traders.
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