How do the fees for buying and selling digital currencies on Coinbase differ from Robinhood?

3 answers

• fernando RojasNov 12, 2020 · 5 years ago
  When it comes to fees for buying and selling digital currencies, Coinbase and Robinhood have some differences. Coinbase charges a fee based on a percentage of the transaction amount, which can range from 0.5% to 4.5% depending on the transaction size and payment method. On the other hand, Robinhood offers commission-free trading, which means they do not charge any fees for buying or selling digital currencies. However, it's important to note that Robinhood makes money through other means, such as interest on cash balances and selling order flow to market makers.
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• chuanciApr 30, 2023 · 2 years ago
  The fees for buying and selling digital currencies on Coinbase and Robinhood differ in their approach. Coinbase charges a percentage-based fee, which means the fee amount is calculated based on a percentage of the transaction value. This fee can vary depending on factors like transaction size and payment method. On the contrary, Robinhood offers commission-free trading, meaning they do not charge any fees for buying or selling digital currencies. However, it's worth mentioning that Robinhood's revenue model is different, as they generate income from other sources like interest on uninvested cash and premium subscriptions.
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• AYCHA YAHIAJan 14, 2023 · 3 years ago
  When it comes to fees for buying and selling digital currencies, Coinbase and Robinhood take different approaches. Coinbase charges a fee based on a percentage of the transaction amount, which can range from 0.5% to 4.5% depending on factors like transaction size and payment method. On the other hand, Robinhood offers commission-free trading, meaning they do not charge any fees for buying or selling digital currencies. However, it's important to note that while Robinhood doesn't charge fees directly, they may still generate revenue through other means, such as interest on cash balances and selling order flow to market makers. Overall, the choice between Coinbase and Robinhood may depend on your trading preferences and the importance you place on fees versus other factors.
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