Crypto fee tiers | Robinhood

Crypto fee tiers

Crypto orders placed with smart exchange routing qualify for fee tiers. As your eligible 30-day trading volume increases, your fee rate decreases. Fees range from 0.10%-0.85%.

Fee tiers are based on the trailing 30-day trading volume of crypto orders executed with smart exchange routing. In the app, you can turn smart exchange routing on and off for orders of certain crypto.

Smart exchange routing is the only routing setting available on mobile advanced charts, the mobile ladder, and Robinhood Legend. However, on mobile advanced charts, orders of crypto ineligible for smart exchange routing will use market maker routing. Market maker routing orders don’t use fee tiers or count toward tier progress.

Included in volume:

  • Executed crypto orders placed in the app with smart exchange routing, including all orders on the ladder and certain orders on advanced charts
  • Executed crypto orders placed on Legend

Not included in volume:

  • Executed crypto orders placed in the app with market maker routing (default for standard trades), including certain orders on mobile advanced charts
  • All executed crypto orders placed on web classic or through the Crypto API
  • Recurring crypto investments
  • Fees paid
Note

Your all-in costs may be higher or lower with smart exchange routing compared to market maker routing, depending partly on volume traded. Pricing may vary across routing settings, and neither guarantees better pricing execution. Learn more in Crypto order routing.

Tier upgrades

Your 30-day smart exchange routing trading volume is updated immediately after order execution, with tier upgrades unlocked at trading volume milestones. Your new, reduced fee takes effect with your first order after the upgrade.

Tier upgrades are locked in for 7 days, meaning your tier may be upgraded again in that period but will not be downgraded. Your fee rate for a given order is determined by your tier at the time the order is placed. Lock periods may vary for special offers. Review the FAQ below for more details.

You can view your current fee tier and 30-day trading volume executed through smart exchange routing in a few different ways.

  • In the app: widget in the order type menu (smart exchange routing must be enabled)
  • Trading experience in the app and on Legend: link in fee tooltip (smart exchange routing must be enabled in the app)
  • Web classic: crypto tab under Account. Note that smart exchange routing is not supported on web classic.

Notifications

You’ll always get a push and email notification when your fee tier is upgraded. To get notified when you’re close to an upgrade or downgrade, turn on fee tier status alerts in your app settings.

FAQ

Does my fee tier take into account the order I’m currently placing?

No. Your 30-day trading volume excludes the order you're currently placing. Volume is only updated after the order is executed.

Will conditional orders execute using my fee tier at the time of placement or execution?

Your fee tier is determined at the time the order is placed. If your tier changes between placement and execution, it won’t affect the fee.

If I don’t have smart exchange routing turned on in the app, which of my orders qualify for fee tiers?

All of your crypto orders placed on the mobile ladder and Legend would qualify for fee tiers, since smart exchange routing is the only routing setting available for these features. Orders of certain crypto placed on mobile advanced charts with smart exchange routing would also qualify. Remember, only crypto orders executed with smart exchange routing count toward your eligible 30-day trading volume.

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker dealer (member SIPC), and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). While there is no additional cost to use Robinhood Legend, there are other fees associated with your brokerage account. Review the fee schedule for details.

Portfolio Management offered through Robinhood Asset Management, LLC (“Robinhood Strategies” or “RAM”), an SEC-registered investment advisor. For additional information about Robinhood Strategies, including about services, fees, risks, and conflicts of interest, review our firm’s brochure.

Futures and cleared swaps trading is offered by Robinhood Derivatives, LLC, (“RHD”) a registered futures commission merchant with the Commodity Futures Trading Commission (CFTC) and a Member of the National Futures Association (NFA). RHD is not FDIC insured or SIPC protected.

Cryptocurrency services are offered through an account with Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Robinhood Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Review a list of RHC's licenses for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.

The Robinhood spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Robinhood Gold Card is subject to credit approval and underwriting. Robinhood Gold Card is offered by Robinhood Credit, Inc., and is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A. Inc. Robinhood Credit, Inc. (“RCT”), is a financial technology company, not a bank.

Robinhood Gold is a subscription-based membership program of premium services offered through Robinhood Gold, LLC (“RHG”).

RHF, RHS, RAM, RHD, RHC, RHY, RCT, and RHG are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHS, RAM, RHD, RHC, RHY, RCT, and RHG are not banks. Investing products offered by RHF are not FDIC insured and involve risk, including possible loss of principal.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Funds held in your Robinhood Cash Card account at Sutton Bank are eligible for FDIC insurance up to $250,000 and will not accrue or pay any interest. The availability of FDIC insurance is contingent upon Robinhood maintaining records acceptable to the FDIC, as receiver, if Sutton Bank should fail. FDIC insurance limits apply collectively to all of your deposits held at Sutton Bank.

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

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