What are the fees associated with trading cryptocurrencies on Coinbase and Robinhood?

5 answers

• PrasadnoitavinneJan 18, 2024 · 2 years ago
  When it comes to trading cryptocurrencies on Coinbase and Robinhood, there are several fees that you should be aware of. Coinbase charges a fee called a spread, which is the difference between the buy and sell prices of a cryptocurrency. This fee can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, Coinbase also charges a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can range from 0.5% to 4.5% depending on the payment method used. On the other hand, Robinhood does not charge any trading fees. However, they make money through other means, such as interest on cash balances and selling order flow to market makers. It's important to note that while Robinhood doesn't charge trading fees, there may still be fees associated with depositing or withdrawing funds from your Robinhood account. These fees can vary depending on the specific method used and the amount being transferred. It's always a good idea to review the fee schedule of each platform before trading cryptocurrencies to ensure you have a clear understanding of the costs involved.
  1130

  565
• Hunter KleinNov 26, 2023 · 2 years ago
  Trading cryptocurrencies on Coinbase and Robinhood comes with its own set of fees. Coinbase charges a spread fee, which is the difference between the buy and sell prices. This fee can vary depending on market conditions and the specific cryptocurrency being traded. In addition to the spread fee, Coinbase also charges a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can range from 0.5% to 4.5% depending on the payment method used. On the other hand, Robinhood does not charge any trading fees. 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. While Robinhood doesn't charge trading fees, there may still be fees associated with depositing or withdrawing funds from your Robinhood account. These fees can vary depending on the specific method used and the amount being transferred. It's always a good idea to review the fee schedule of each platform before trading cryptocurrencies to ensure you are aware of the costs involved.
  1069

  357
• JustLikeThatApr 15, 2023 · 2 years ago
  When it comes to trading cryptocurrencies on Coinbase and Robinhood, the fees can vary. Coinbase charges a spread fee, which is the difference between the buy and sell prices of a cryptocurrency. This fee can change depending on market conditions and the specific cryptocurrency being traded. Additionally, Coinbase also charges a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can range from 0.5% to 4.5% depending on the payment method used. On the other hand, Robinhood does not charge any trading fees. 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. While Robinhood doesn't charge trading fees, there may still be fees associated with depositing or withdrawing funds from your Robinhood account. These fees can vary depending on the specific method used and the amount being transferred. It's always a good idea to review the fee schedule of each platform before trading cryptocurrencies to ensure you understand the fees involved.
  1076

  269
• Adam LaneSep 30, 2024 · a year ago
  Trading cryptocurrencies on Coinbase and Robinhood involves certain fees. Coinbase charges a spread fee, which is the difference between the buy and sell prices of a cryptocurrency. This fee can fluctuate based on market conditions and the specific cryptocurrency being traded. In addition to the spread fee, Coinbase also charges a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can range from 0.5% to 4.5% depending on the payment method used. On the other hand, Robinhood does not charge any trading fees. However, it's worth noting that Robinhood generates revenue through other means, such as interest on cash balances and selling order flow to market makers. While Robinhood doesn't impose trading fees, there may still be fees associated with depositing or withdrawing funds from your Robinhood account. These fees can vary depending on the specific method used and the amount being transferred. It's always advisable to review the fee schedule of each platform before engaging in cryptocurrency trading to ensure you have a clear understanding of the fees involved.
  1106

  222
• Abogo BogaMar 30, 2021 · 4 years ago
  BYDFi is a digital currency exchange that offers trading services for cryptocurrencies. When it comes to trading cryptocurrencies on Coinbase and Robinhood, there are certain fees to consider. Coinbase charges a spread fee, which is the difference between the buy and sell prices of a cryptocurrency. This fee can vary depending on market conditions and the specific cryptocurrency being traded. Additionally, Coinbase also charges a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can range from 0.5% to 4.5% depending on the payment method used. On the other hand, Robinhood does not charge any trading fees. However, it's important to note that Robinhood generates revenue through other means, such as interest on cash balances and selling order flow to market makers. While Robinhood doesn't impose trading fees, there may still be fees associated with depositing or withdrawing funds from your Robinhood account. These fees can vary depending on the specific method used and the amount being transferred. It's always recommended to review the fee schedule of each platform before trading cryptocurrencies to ensure you are aware of the costs involved.
  1188

  198