Venues / Robinhood

Robinhood alternatives: cheaper and similar options (Oct 2026)

Why look beyond Robinhood

• The default route's spread includes 0.95% per side that goes to Robinhood (as of June 2026), about 1.9% round trip.
• Robinhood Crypto received integration fees for listing some assets, such as FLOKI, ONDO, ENA, SUI and ZORA.
• The Robinhood Wallet swap fee (0.80% same-chain) is high compared with many DEX aggregators.
• A 2021 social-engineering breach exposed ~5M customer emails, and NYDFS fined the crypto unit $30M in 2022.

Cheaper than Robinhood

Bybit 0.2%, Coinbase Advanced 1.8%, Rabby 0.5%, Trust Wallet 1.4%, Phantom 1.7%, Backpack 1.7% — against Robinhood at 1.9% per round trip. Platform fee only; spreads and network fees are extra.

The alternatives

1. Bybit

   CEXPerps

   · 0.2% round trip · US: not available

   Derivatives-focused traders outside the US, Canada and Singapore who want a large centralised exchange with perpetuals, options and copy trading.

   + Base perpetual fees are 0.020% maker and 0.055% taker, and spot is 0.10% on both sides.

   Open Bybit

2. Coinbase Advanced

   CEX

   · 1.8% round trip · US: available

   Active traders in the US, UK or EU who want an order book with no spread and tiered fees, from the same account as regular Coinbase.

   + Charges maker and taker fees on an order book instead of a built-in spread.

   Open Coinbase Advanced

3. Gemini

   CEXPerps

   · 2.4% round trip · US: available

   US users who want a regulated, licence-focused exchange and can use limit orders on ActiveTrader to avoid the higher app fees.

   + New York limited-purpose trust charter since 2015.

   Open Gemini

4. Coinbase

   CEXPerps

   Base · Solana · US: available

   Beginners in the US, UK or EU who want a regulated, KYC'd on-ramp with bank funding, and who can trade onchain Base/Solana tokens in the same app.

   + Coinbase Advanced has no spread and charges maker/taker fees on a central limit order book.

   Open Coinbase · Robinhood vs Coinbase

5. Rabby

   WalletPerpsSelf-custody

   Ethereum · Base · BNB Chain · Arbitrum · Optimism · Polygon · Avalanche · Linea · Zksync · Scroll · Mantle · Monad · HyperEVM · Sonic · Unichain · 0.5% round trip · US: available

   EVM users who want pre-signing transaction simulation and approval controls, with low-fee in-wallet swaps across many chains.

   + 0.25% swap and bridge fee, with same-chain stablecoin and ETH-token swaps fee-free.

   Open Rabby

6. Trust Wallet

   WalletPerpsSelf-custody

   Bitcoin · Ethereum · Solana · BNB Chain · Base · Arbitrum · Polygon · Optimism · Avalanche · Tron · TON · 1.4% round trip · US: unverified

   Mobile-first users who hold assets across many chains (100+) and want in-app swaps, staking and perps in one self-custodial wallet.

   + Supports 100+ blockchains, including Bitcoin, Solana and TON

   Open Trust Wallet

7. Phantom

   WalletPerpsSelf-custody

   Solana · Ethereum · Base · Polygon · BNB Chain · Bitcoin · HyperEVM · Robinhood Chain · Arc · 1.7% round trip · US: partial

   Solana-first users who want one self-custodial app for swaps, cross-chain swaps, Hyperliquid perps and predictions.

   + Self-custodial wallet covering Solana, Ethereum, Base, Polygon, BNB Chain, Bitcoin and HyperEVM.

   Open Phantom — 10% off fees

8. Backpack

   WalletSelf-custody

   Solana · Ethereum · Optimism · Arbitrum · Polygon · Base · Sonic · Monad · 1.7% round trip · US: available

   Solana and EVM users who want a self-custodial wallet tied to the Backpack/Mad Lads ecosystem and an optional regulated exchange.

   + Self-custodial wallet covering Solana, Ethereum, Arbitrum, Optimism, Polygon, Base and Sonic.

   Open Backpack

Cost compared