Are there any fees associated with using a Robinhood virtual card for buying or selling cryptocurrencies?

5 answers

• Hans LehmannJan 23, 2024 · 2 years ago
  Yes, there are fees associated with using a Robinhood virtual card for buying or selling cryptocurrencies. Robinhood charges a fee of 2.9% for each transaction made with the virtual card. This fee is deducted from the total amount of the transaction. It's important to keep in mind that this fee is in addition to any fees that may be charged by the cryptocurrency exchange itself.
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• Le KronborgAug 09, 2022 · 3 years ago
  Using a Robinhood virtual card for buying or selling cryptocurrencies does come with fees. The exact fee structure may vary, so it's important to check the terms and conditions provided by Robinhood. Generally, there is a transaction fee of 2.9% for each transaction made with the virtual card. Additionally, there may be other fees associated with using the card, such as foreign transaction fees or ATM withdrawal fees.
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• Nieles Yhosmel Flores VargasJul 23, 2023 · 2 years ago
  When using a Robinhood virtual card for buying or selling cryptocurrencies, there are fees involved. Robinhood charges a fee of 2.9% for each transaction made with the virtual card. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers a virtual card with no transaction fees. So, if you're looking to minimize fees, you may want to consider using BYDFi's virtual card instead.
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• scriptoxinJan 02, 2025 · 10 months ago
  Absolutely! There are fees associated with using a Robinhood virtual card for buying or selling cryptocurrencies. Robinhood charges a transaction fee of 2.9% for each transaction made with the virtual card. This fee is applied to the total amount of the transaction. It's important to factor in these fees when considering the overall cost of buying or selling cryptocurrencies using the Robinhood virtual card.
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• bhanu prakashDec 02, 2024 · a year ago
  Yes, there are fees associated with using a Robinhood virtual card for buying or selling cryptocurrencies. Robinhood charges a fee of 2.9% for each transaction made with the virtual card. This fee is deducted from the total amount of the transaction. It's important to be aware of these fees and factor them into your decision-making process when using the Robinhood virtual card for cryptocurrency transactions.
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