Understand Robinhood Crypto Fees

Robinhood crypto fees in 2026 — the spread-based (not per-trade) model, how it compares to Fidelity Crypto, Moomoo, and Wealthsimple, and where the real cost hides.

Updated August 2026 · Reviewed by the PipeFlare team

No per-trade commission — Robinhood earns a spread built into the quoted price, plus a small volume-based rebate from market makers (payment for order flow)

The 'no commission' headline is real; the cost shows up in the price you're quoted vs the mid-market rate

Fee category

Broker (spread-based)

What drives it

The spread between Robinhood's quoted buy/sell price and the mid-market rate at execution

How to lower it

Compare Robinhood's quoted price against a live mid-market rate before large trades; for tight-spread execution on major pairs, a pro exchange interface is usually cheaper

Worst-case spike

Illiquid or off-peak pairs can quote wider spreads than the equivalent on a large exchange's order book

About robinhood crypto fees

Robinhood Crypto's headline is 'commission-free' — no per-trade percentage charged to the customer. The actual cost sits inside the price you're quoted: Robinhood earns a spread between its quoted buy/sell price and the mid-market rate, and receives a rebate from the market makers that fill its orders (payment for order flow, or PFOF). This page explains how the spread model actually works, how the real cost compares to Fidelity Crypto, Moomoo, and Wealthsimple's crypto offerings, and where the model is genuinely cheap versus where a pro exchange interface still wins.

How it works

Robinhood Crypto does not charge a per-trade commission. Instead, it routes your order to a market-maker partner and quotes you a buy or sell price that is slightly off the mid-market rate — the difference is the spread, which is Robinhood's (and the market maker's) revenue on that trade. Robinhood also collects a small volume-based rebate from the market maker under a payment-for-order-flow arrangement it discloses in its regulatory filings (Rule 606 reports on robinhood.com). Robinhood does not publish a specific spread figure per asset in the way exchanges publish maker/taker fees, so you can only measure the real cost by comparing Robinhood's quoted price against a live mid-market rate at the moment of trade. On liquid majors like BTC and ETH, that spread is typically tight during US market hours; on smaller-cap coins and off-hours, the spread is wider. Robinhood added crypto wallet withdrawals for eligible US customers in 2022 and charges only the underlying network fee on withdrawals — no separate platform fee for standard on-chain sends. For the specific coins supported, deposit/withdrawal availability, and current terms, always check robinhood.com/support/articles/crypto-fees directly.

How to pay less

1Before large Robinhood Crypto trades, pull up a live mid-market price (CoinGecko, an exchange order book) and compare it against Robinhood's quoted price — the delta is your real cost.
2For tight-spread execution on major pairs at scale, a pro exchange interface (Coinbase Advanced Trade, Kraken Pro, Binance) usually beats Robinhood's spread on the same trade.
3For small, occasional buys of majors during liquid US market hours, Robinhood's spread is often competitive with any 0.10%–0.40% exchange fee — the 'no commission' pitch is largely real for that use case.
4Withdraw on the cheapest network Robinhood supports for the asset — network fees are the only per-transaction cost Robinhood passes through on standard on-chain sends.

Pros

No per-trade percentage commission on the customer side — the cost lives in the spread, not a visible fee line.
Simple mobile-first UX with fractional-share and fractional-coin buys from very small dollar amounts.
Robinhood Crypto withdrawals to external wallets pay only the underlying network fee — no separate platform withdrawal fee for standard on-chain sends.

Watch out for

The spread is not published per-asset, so you have to measure it manually against a live mid-market rate — you cannot compare a headline percentage the way you can on maker/taker exchanges.
Illiquid pairs and off-US-market-hours execution can quote wider spreads than a pro exchange's order book.
Payment-for-order-flow routing means you don't get to choose the venue your order fills at — pro exchange users do.

Common questions

Does Robinhood charge fees for crypto trades?

Robinhood does not charge a per-trade commission on Robinhood Crypto — the customer sees no visible fee line on a buy or sell. Robinhood instead earns a spread built into the quoted price (the difference between the buy/sell price it shows you and the mid-market rate) plus a payment-for-order-flow rebate from the market maker filling the order. The cost is real but is not displayed as a fee.

How much is the Robinhood Crypto spread?

Robinhood does not publish a per-asset spread figure the way exchanges publish maker/taker fees, so the only way to measure it is to compare Robinhood's quoted buy or sell price against a live mid-market rate (CoinGecko, an exchange's order book) at the moment of trade. On liquid major coins (BTC, ETH) during US market hours the spread is typically tight; on smaller-cap coins and off-hours it's wider.

Does Robinhood charge fees to withdraw crypto?

Robinhood Crypto passes through only the underlying network fee for standard on-chain crypto withdrawals to an external wallet — no separate Robinhood platform withdrawal fee for those transfers. Withdrawal availability, supported coins, and current terms are asset-specific and can change, so confirm the live policy on robinhood.com/support/articles/crypto-fees before initiating a large withdrawal.

How do Robinhood Crypto's fees compare to Coinbase?

Coinbase Advanced Trade publishes a base-tier fee of 0.40% maker / 0.60% taker, dropping by 30-day volume; Robinhood publishes no per-trade commission at all, with its revenue coming from spread and PFOF. On liquid majors during US market hours, Robinhood's spread on small-to-mid-size trades is often competitive with (or cheaper than) Coinbase Advanced Trade's taker rate. At larger sizes, on smaller-cap coins, or off-hours, an order-book venue like Coinbase Advanced Trade — where you can see the full spread and place limit orders — usually gives you tighter execution.

How does Robinhood compare to Fidelity Crypto on fees?

Fidelity Crypto also uses a spread model rather than a per-trade commission, and Fidelity publicly discloses a 1% spread markup on crypto trades on its Fidelity Crypto disclosures page — meaning the price you see is roughly 1% above (or below) the reference price Fidelity uses. Robinhood does not publish an equivalent flat spread figure, so a direct percentage-to-percentage comparison isn't possible; on liquid majors during liquid hours, Robinhood's spread is generally tighter than Fidelity's disclosed 1%, but the only reliable comparison is checking both quotes against a live mid-market rate at the moment of trade.

How does Robinhood compare to Moomoo and Wealthsimple on crypto fees?

Moomoo Financial's crypto offering (Moomoo Crypto, launched in 2023 for eligible US customers) also uses a spread-based commission-free model similar to Robinhood; Moomoo's disclosures reference a spread markup rather than a visible commission — check Moomoo's own crypto pricing page for the current spread structure. Wealthsimple Crypto (Canada) explicitly publishes a spread markup of up to 2% on trades on its own fees page — materially wider than Robinhood's typical spread on major pairs during liquid hours, but Wealthsimple's pitch is Canadian regulatory registration rather than tightest execution. As always, the only fair comparison is live quote vs live mid-market, since none of these publish a single canonical spread that stays constant across pairs and market conditions.