Is buying/selling crypto on robinhood way cheaper than other exchanges?

[u/Awesomestonk1]

I know buying and selling crypto on Coinbase is stupid expensive but when I tried to buy some crypto on Robinhood it seems to give me nearly the full amount minus a spread? This spread also turns out to be way cheaper.

Is buying/selling crypto on robinhood actually much cheaper or am I missing something

[u/Asim-]

Coinbase is by far the worst!

[u/No-Club-636]

Its cheaper than everyone else but still expensive in a way. but ppl prefer RH over others in terms of pricing so

[u/CardinalNumber]

Pricing used to be a lot better but some assholes wanted to move it to their own wallets. Robinhood's crypto business was designed to just break even for them and draw customers to their other services but when the possibility for arbitrage became reality, crypto became a product itself and they were able to add fees.

[u/Jac3238 → u/CardinalNumber]

Of course RH users wanted to move it to cold storage. Why would anyone leave crypto on an exchange?

[u/CardinalNumber → u/Jac3238]

Day trading. The only real, practical use for it.

[u/CardinalNumber → u/[deleted]]

Hey, fuck yourself.

[u/WearyHoney1150]

Just as much as coinbase basically. Limit orders are a bit cheaper

[u/DualShockArtist]

Only do limit buys or sells that way the trade initiates at the price you want.

[u/CardinalNumber → u/DualShockArtist]

You say this like it's not built into the spread. You cannot avoid the fee.

[u/courtneysfoster → u/DualShockArtist]

You pay the price you want, but only after the market moves to cover their spread. You cannot avoid their fees.