What is the cost of selling cryptocurrencies on Robinhood?

3 answers

• Dec 30, 2021 · 3 years ago
  When selling cryptocurrencies on Robinhood, there are a few costs to consider. Firstly, Robinhood charges a small commission fee for each transaction. This fee can vary depending on the specific cryptocurrency being sold. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency. These fees are not controlled by Robinhood and can vary greatly depending on network congestion and other factors. It's important to be aware of these costs and factor them into your decision-making process when selling cryptocurrencies on Robinhood.
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• Dec 30, 2021 · 3 years ago
  Selling cryptocurrencies on Robinhood comes with some costs. Robinhood charges a commission fee for each transaction, which can range from a few cents to a few dollars depending on the cryptocurrency. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency. These fees are not set by Robinhood and can fluctuate based on network conditions. It's always a good idea to check the current fees before selling your cryptocurrencies on Robinhood.
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• Dec 30, 2021 · 3 years ago
  When it comes to selling cryptocurrencies on Robinhood, you'll encounter some costs. Robinhood charges a commission fee for each transaction, which can vary depending on the specific cryptocurrency. Additionally, there may be network fees associated with the blockchain network used by the cryptocurrency. These fees are determined by the network itself and can change based on network congestion. If you're looking for a platform with lower fees, you might want to consider BYDFi, which offers competitive rates for cryptocurrency transactions.
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