Robinhood vs River: fees, withdrawals, safety and which to use

Buying $1,000 by bank transfer costs $0 at Robinhood, while River charges $10.

Robinhood vs River fees

Fee amounts in dollars for a $1,000 order at Robinhood and River, each taken from the exchange's own pages.

$1,000 and the basics	Robinhood	River
Buy by bank transfer (ACH)	$0	$10
Buy by wire	$0	$10
Sell and send to your bank (ACH)	$9.50	–
Cash out to your bank (ACH)	$0	$0
Cash out by wire	$25	$0
Cash out instantly to a debit card	$17.50	$10
States it does not serve	Serves every state	Nevada, New York
Serves New York	Yes	No
Bank withdrawal	Free	Standard withdrawals take 1 to 3 working days to arrive, and they cost nothing.
NYDFS licence	Yes	No
App Store rating (ratings)	4.3 (4,899,968)	4.9 (9,070)
Coins listed	92	–

A dash means the exchange hasn't published a figure for that row. "Not offered" means the method isn't supported.

Nevada and New York are both served by Robinhood. River doesn't serve them.

Bank withdrawals at Robinhood cost you nothing.

River's bank withdrawals cost nothing; standard withdrawals arrive within 1 to 3 working days, and $10 is the smallest amount you can withdraw.

NYDFS issued Robinhood the licence or charter it holds for New York.

River doesn't have an NYDFS licence for New York.

On the App Store, the Robinhood app holds a 4.3 out of 5 score from 4,899,968 ratings.

The River app sits at 4.9 out of 5 on the App Store, from 9,070 ratings.

If you'll use the Exchange routing fee tiers and order book from Robinhood, choose Robinhood. Do so if your state isn't served by others.
If the River app and its simple buy screen appeal to you, choose River.

We earn a commission if you open an account through our links. It does not change the fees you pay or our score.