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Robinhood's crypto offering is extremely deceptive. They offer "commission-free cryptocurrency trading" but don't make it clear that you pay a 0.95% fee[1] on e
by pants2 4mo ago
Robinhood's crypto offering is extremely deceptive. They offer "commission-free cryptocurrency trading" but don't make it clear that you pay a 0.95% fee[1] on every trade (technically a 'spread' and not a 'commission' but there is hardly a difference). They also take 25% of staking rewards. These are absurdly high fees.
1. https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-schedule.pdf https://cdn.robinhood.com/assets/robinhood/legal/rhc-fee-sch...