How can I avoid paying transfer fees when using Robinhood for cryptocurrency trading?

3 answers

• Etty DashaDec 25, 2023 · 2 years ago
  One way to avoid paying transfer fees when using Robinhood for cryptocurrency trading is to use the ACH transfer option. This allows you to transfer funds from your bank account to Robinhood without incurring any fees. However, keep in mind that the transfer may take a few days to complete. Another option is to use a cryptocurrency exchange that offers lower or no transfer fees. There are several exchanges available that have competitive fee structures. Do some research and compare the fees charged by different exchanges to find the best option for you. Lastly, you can try to negotiate with Robinhood to waive the transfer fees. Contact their customer support and explain your situation. They may be willing to accommodate your request, especially if you are a frequent trader or have a large account balance.
  818

  409
• DeividasJun 22, 2020 · 6 years ago
  Hey there! If you want to avoid those pesky transfer fees when using Robinhood for cryptocurrency trading, you've got a few options. First, you can use the ACH transfer method, which allows you to transfer funds from your bank account to Robinhood without any fees. Just keep in mind that it might take a bit longer for the transfer to go through. Another option is to shop around for other cryptocurrency exchanges that offer lower or no transfer fees. There are plenty of options out there, so do your homework and find one that suits your needs. Lastly, you can always try reaching out to Robinhood's customer support and see if they're willing to waive the transfer fees for you. It never hurts to ask, right? Good luck!
  726

  242
• Chennai ChiyangwaOct 03, 2021 · 4 years ago
  When it comes to avoiding transfer fees on Robinhood for cryptocurrency trading, there are a few strategies you can try. First, consider using the ACH transfer option, which allows you to move funds from your bank account to Robinhood without any fees. Just keep in mind that it may take a couple of days for the transfer to complete. Another option is to explore other cryptocurrency exchanges that offer lower transfer fees. Take some time to research and compare the fee structures of different exchanges to find one that suits your needs. Lastly, if you have a large account balance or are a frequent trader, you can try reaching out to Robinhood's customer support and see if they can waive the transfer fees for you. It's worth a shot!
  743

  186