What is the cost of buying and selling crypto on Robinhood?

7 answers

• Dec 30, 2021 · 3 years ago
  When it comes to buying and selling crypto on Robinhood, there are a few costs to consider. First, Robinhood charges zero commission fees for cryptocurrency trades, which is a major advantage compared to many other exchanges. However, it's important to note that Robinhood makes money through a practice called payment for order flow, where they receive compensation for directing orders to market makers. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. Additionally, Robinhood charges a spread, which is the difference between the bid and ask price of a cryptocurrency. This spread can vary depending on market conditions and the specific cryptocurrency you're trading. Overall, while Robinhood offers commission-free trading, it's essential to consider the potential impact of payment for order flow and the spread on your overall trading costs.
  946473
• Dec 30, 2021 · 3 years ago
  Buying and selling crypto on Robinhood is a breeze, and the best part is that there are no commission fees involved. That's right, you can trade cryptocurrencies without worrying about paying any fees. However, it's important to keep in mind that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
  692231
• Dec 30, 2021 · 3 years ago
  When it comes to the cost of buying and selling crypto on Robinhood, you'll be happy to know that there are no commission fees involved. That's right, you can trade cryptocurrencies without paying a dime in fees. However, it's important to understand that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
  701176
• Dec 30, 2021 · 3 years ago
  When it comes to buying and selling crypto on Robinhood, you'll be happy to know that there are no commission fees involved. That's right, you can trade cryptocurrencies without paying any fees. However, it's important to keep in mind that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
  685137
• Dec 30, 2021 · 3 years ago
  When it comes to buying and selling crypto on Robinhood, you'll be pleased to know that there are no commission fees involved. That's right, you can trade cryptocurrencies without any additional costs. However, it's important to keep in mind that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
  692116
• Dec 30, 2021 · 3 years ago
  When it comes to buying and selling crypto on Robinhood, you'll be glad to know that there are no commission fees involved. That's right, you can trade cryptocurrencies without any additional costs. However, it's important to keep in mind that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
  68999
• Dec 30, 2021 · 3 years ago
  When it comes to buying and selling crypto on Robinhood, you'll be happy to know that there are no commission fees involved. That's right, you can trade cryptocurrencies without any additional costs. However, it's important to keep in mind that Robinhood makes money through payment for order flow. This means that the price you see on Robinhood might not be the exact market price, and there could be a slight difference in the execution price. So while you're not paying any commission fees, there might still be some hidden costs associated with trading on Robinhood. It's always a good idea to compare the prices on Robinhood with other exchanges to ensure you're getting the best deal.
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