{
  "batch": "1101-trading-and-crypto-what-it-is",
  "articles": [
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_coinbase_advanced_500k_vip_fee_threshold",
      "category": "Getting Started",
      "title": "Coinbase: VIP fee upgrade threshold",
      "summary": "Coinbase's Advanced VIP fee-upgrade offer requires a trader to trade over $500K in monthly trading volume to qualify for a 60-day fee upgrade.",
      "body": "Coinbase's Advanced VIP fee-upgrade offer requires a trader to trade over $500K in monthly trading volume to qualify for a 60-day fee upgrade.\n\nWhat Coinbase actually says:\n\n“Must trade over $500K in monthly trading volume to qualify for a 60 day fee upgrade.”",
      "source_type": "official",
      "source_link": "https://www.coinbase.com/advanced-trade",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Coinbase",
      "evidence_quote": "Must trade over $500K in monthly trading volume to qualify for a 60 day fee upgrade.",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Coinbase",
      "topic": "VIP fee upgrade threshold",
      "applies_to_country": "US",
      "applies_to_scope": "Coinbase Advanced VIP program, US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "coinbase",
        "topic": [
          "money.fees",
          "access.signup"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_coinbase_advanced_pricing_tier_method",
      "category": "Getting Started",
      "title": "Coinbase: how the Advanced fee pricing tier is calculated",
      "summary": "On Coinbase Advanced, a trader's pricing tier is set from either trailing 30-day volume on Advanced Trade (excluding stable-pair volume) or total asset balance in USD, at the time the order is placed.",
      "body": "On Coinbase Advanced, a trader's pricing tier is set from either trailing 30-day volume on Advanced Trade (excluding stable-pair volume) or total asset balance in USD, at the time the order is placed.\n\nWhat Coinbase actually says:\n\n“Your pricing tier is calculated based on either your trailing 30-day volume on Advanced Trade (excluding volume traded on stable pairs), or total Asset balance (in USD), at the time your order is placed.”",
      "source_type": "official",
      "source_link": "https://www.coinbase.com/advanced-trade",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Coinbase",
      "evidence_quote": "Your pricing tier is calculated based on either your trailing 30-day volume on Advanced Trade (excluding volume traded on stable pairs), or total Asset balance (in USD), at the time your order is placed.",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Coinbase",
      "topic": "how the Advanced fee pricing tier is calculated",
      "applies_to_country": "US",
      "applies_to_scope": "Coinbase Advanced, US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "coinbase",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_coinbase_advanced_risk_loss_leverage",
      "category": "Getting Started",
      "title": "Official risk disclosure for trading on Coinbase Advanced",
      "summary": "Coinbase states that trading involves substantial risk, may result in loss of the entire investment, and that the risk of loss using leverage in futures trading can exceed the initial investment amount.",
      "body": "Coinbase states that trading involves substantial risk, may result in loss of the entire investment, and that the risk of loss using leverage in futures trading can exceed the initial investment amount.\n\nWhat Coinbase actually says:\n\n“Trading involves substantial risk and may result in the loss of your entire investment. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount.”",
      "source_type": "official",
      "source_link": "https://www.coinbase.com/advanced-trade",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Coinbase",
      "evidence_quote": "Trading involves substantial risk and may result in the loss of your entire investment. Leverage in futures trading can work for you or against you. The risk of loss using leverage can exceed your initial investment amount.",
      "volatility": "low",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Coinbase",
      "topic": "official risk disclosure for trading on Coinbase Advanced",
      "applies_to_country": "US",
      "applies_to_scope": "US Advanced Trade disclosure",
      "tags": {
        "lane": "any",
        "stage": "choosing",
        "region": [
          "us"
        ],
        "platform": "coinbase",
        "topic": [
          "safety.legal"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_kraken_pro_tier1_maker_taker",
      "category": "Getting Started",
      "title": "Kraken Pro tier 1 spot maker/taker fees",
      "summary": "Kraken Pro charges a 0.40% maker fee and a 0.80% taker fee at Tier 1 ($0+ 30-day volume) on spot crypto.",
      "body": "Kraken Pro charges a 0.40% maker fee and a 0.80% taker fee at Tier 1 ($0+ 30-day volume) on spot crypto.\n\nWhat Kraken actually says:\n\n“Tier 1\n$0+\nN/A\n0.40 %\n0.80 %”",
      "source_type": "official",
      "source_link": "https://www.kraken.com/features/fee-schedule",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Kraken",
      "evidence_quote": "Tier 1\n$0+\nN/A\n0.40 %\n0.80 %",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Kraken",
      "topic": "Kraken Pro tier 1 spot maker/taker fees",
      "applies_to_country": "US",
      "applies_to_scope": "Kraken Pro spot fee schedule, US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "kraken",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_kraken_instant_buy_trading_fee",
      "category": "Getting Started",
      "title": "Kraken app Instant Buy/Sell trading fee",
      "summary": "Kraken charges a 1% trading fee on instant and recurring trades and a 1.5% fee on custom orders when buying, selling or converting on the Kraken app.",
      "body": "Kraken charges a 1% trading fee on instant and recurring trades and a 1.5% fee on custom orders when buying, selling or converting on the Kraken app.\n\nWhat Kraken actually says:\n\n“Kraken charges a 1% trading fee on instant and recurring trades and a 1.5% fee on custom orders, which are waived for Kraken+ members on trading volume up to $10,000 per month (details below).”",
      "source_type": "official",
      "source_link": "https://www.kraken.com/features/fee-schedule",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Kraken",
      "evidence_quote": "Kraken charges a 1% trading fee on instant and recurring trades and a 1.5% fee on custom orders, which are waived for Kraken+ members on trading volume up to $10,000 per month (details below).",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Kraken",
      "topic": "Kraken app Instant Buy/Sell trading fee",
      "applies_to_country": "*",
      "applies_to_scope": "Kraken app / Kraken.com; app availability limited to countries listed in Kraken's support article on credit/debit card p",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "any"
        ],
        "platform": "kraken",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_kraken_perps_025_fee",
      "category": "Getting Started",
      "title": "Kraken perps opening and closing fees",
      "summary": "Kraken applies a 0.25% fee to the notional value of a perps position to open it and a 0.25% fee on the closed notional value to close it.",
      "body": "Kraken applies a 0.25% fee to the notional value of a perps position to open it and a 0.25% fee on the closed notional value to close it.\n\nWhat Kraken actually says:\n\n“A 0.25% fee is applied to the notional value of the trade to open the position.\n-   A 0.25% fee is applied to the closed notional value of the trade to close the position.”",
      "source_type": "official",
      "source_link": "https://www.kraken.com/features/fee-schedule",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Kraken",
      "evidence_quote": "A 0.25% fee is applied to the notional value of the trade to open the position.\n-   A 0.25% fee is applied to the closed notional value of the trade to close the position.",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Kraken",
      "topic": "Kraken perps opening and closing fees",
      "applies_to_country": "US",
      "applies_to_scope": "Kraken perps; the page notes perps are currently available in certain geos",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "kraken",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_kraken_stocks_commission_free",
      "category": "Getting Started",
      "title": "Commission-free stock and ETF trading on Kraken",
      "summary": "Kraken offers commission-free trading for 11,000+ stocks and ETFs in the US, with regulatory agency fees passed through to the investor.",
      "body": "Kraken offers commission-free trading for 11,000+ stocks and ETFs in the US, with regulatory agency fees passed through to the investor.\n\nWhat Kraken actually says:\n\n“Kraken offers commission-free trading for 11k+ stocks and ETFs\n\n-   Zero commission for trading stocks and ETFs.\n-   Regulatory agencies may charge fees that are passed to the investor. [Learn more here.](/legal/equities)\n\n\\*Currently available in the U.S. only”",
      "source_type": "official",
      "source_link": "https://www.kraken.com/features/fee-schedule",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Kraken",
      "evidence_quote": "Kraken offers commission-free trading for 11k+ stocks and ETFs\n\n-   Zero commission for trading stocks and ETFs.\n-   Regulatory agencies may charge fees that are passed to the investor. [Learn more here.](/legal/equities)\n\n\\*Currently available in the U.S. only",
      "volatility": "low",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Kraken",
      "topic": "commission-free stock and ETF trading on Kraken",
      "applies_to_country": "US",
      "applies_to_scope": "US only per page footnote",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "kraken",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_robinhood_options_contract_fee",
      "category": "Getting Started",
      "title": "Robinhood options fees",
      "summary": "Robinhood offers commission-free stock and ETF options, but index options are charged a contract fee, and other fees may apply.",
      "body": "Robinhood offers commission-free stock and ETF options, but index options are charged a contract fee, and other fees may apply.\n\nWhat Robinhood actually says:\n\n“Robinhood helps you level-up your options trading with commission-free trades* and thoughtfully designed tools like simulated returns, strategy builder for single- or multi-leg trading, and our streamlined options chain.\nDisclosures\n[Upgrade your options](https://robinhood.com/signup)\n\\*On stock and ETF options. Index options are charged a contract fee. Other fees may apply. Options are risky and aren't suitable for all investors. To learn more, read the [Options Disclosure Document](https://cdn.robinhood.com/assets/robinhood/legal/Characteristics%20and%20Risks%20of%20Standardized%20Options.pdf).”",
      "source_type": "official",
      "source_link": "https://www.robinhood.com/us/en/about/trading",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Robinhood",
      "evidence_quote": "Robinhood helps you level-up your options trading with commission-free trades* and thoughtfully designed tools like simulated returns, strategy builder for single- or multi-leg trading, and our streamlined options chain.\nDisclosures\n[Upgrade your options](https://robinhood.com/signup)\n\\*On stock and ETF options. Index options are charged a contract fee. Other fees may apply. Options are risky and aren't suitable for all investors. To learn more, read the [Options Disclosure Document](https://cdn.robinhood.com/assets/robinhood/legal/Characteristics%20and%20Risks%20of%20Standardized%20Options.pdf).",
      "volatility": "low",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Robinhood",
      "topic": "Robinhood options fees",
      "applies_to_country": "US",
      "applies_to_scope": "Robinhood options; US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "robinhood",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_robinhood_options_total_loss_risk",
      "category": "Getting Started",
      "title": "Robinhood: options risk disclosure (loss of entire investment)",
      "summary": "Robinhood states that options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time, and that certain complex strategies can produce losses that exceed the original investment.",
      "body": "Robinhood states that options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time, and that certain complex strategies can produce losses that exceed the original investment.\n\nWhat Robinhood actually says:\n\n“Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the [Characteristics and Risks of Standardized Options](https://cdn.robinhood.com/assets/robinhood/legal/Characteristics%20and%20Risks%20of%20Standardized%20Options.pdf) 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.”",
      "source_type": "official",
      "source_link": "https://www.robinhood.com/us/en/about/trading",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Robinhood",
      "evidence_quote": "Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the [Characteristics and Risks of Standardized Options](https://cdn.robinhood.com/assets/robinhood/legal/Characteristics%20and%20Risks%20of%20Standardized%20Options.pdf) 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.",
      "volatility": "low",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Robinhood",
      "topic": "options risk disclosure (loss of entire investment)",
      "applies_to_country": "US",
      "applies_to_scope": "Standardized options disclosure on Robinhood US site",
      "tags": {
        "lane": "any",
        "stage": "choosing",
        "region": [
          "us"
        ],
        "platform": "robinhood",
        "topic": [
          "safety.legal"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_robinhood_gold_subscription_margin",
      "category": "Getting Started",
      "title": "Robinhood Gold subscription and margin rates",
      "summary": "Robinhood Gold offers 3.6% APY on eligible brokerage cash, with a free first 30 days and a $5/month subscription fee afterwards; Gold margin rates run between 4.2% and 5.25% after the first $1,000 of margin interest-free.",
      "body": "Robinhood Gold offers 3.6% APY on eligible brokerage cash, with a free first 30 days and a $5/month subscription fee afterwards; Gold margin rates run between 4.2% and 5.25% after the first $1,000 of margin interest-free.\n\nWhat Robinhood actually says:\n\n“Your money makes money with 3.6% APY on eligible brokerage cash. Your first 30 days are free, then you'll pay a subscription fee ($5/month).\n...\n#### Bigger Instant Deposits\n...\n#### Get your first $1k of margin interest-free\nThen enjoy margin rates between 4.2% and 5.25%.”\n\nNote: APY is a promotional rate and subject to change per the page's terms.",
      "source_type": "official",
      "source_link": "https://www.robinhood.com/us/en/about/trading",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Robinhood",
      "evidence_quote": "Your money makes money with 3.6% APY on eligible brokerage cash. Your first 30 days are free, then you'll pay a subscription fee ($5/month).\n...\n#### Bigger Instant Deposits\n...\n#### Get your first $1k of margin interest-free\nThen enjoy margin rates between 4.2% and 5.25%.",
      "volatility": "high",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Robinhood",
      "topic": "Robinhood Gold subscription and margin rates",
      "applies_to_country": "US",
      "applies_to_scope": "Robinhood Gold membership, US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "robinhood",
        "topic": [
          "money.fees",
          "money.pricing"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_robinhood_custody_sipic_noninsured",
      "category": "Getting Started",
      "title": "Custody and protection of Robinhood assets",
      "summary": "Robinhood's brokerage services are offered through Robinhood Financial LLC, a registered broker-dealer and member of SIPC, while cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.",
      "body": "Robinhood's brokerage services are offered through Robinhood Financial LLC, a registered broker-dealer and member of SIPC, while cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.\n\nWhat Robinhood actually says:\n\n“**Brokerage services** are offered through Robinhood Financial LLC, (\"**RHF**\") a registered broker dealer (member [SIPC](https://www.sipc.org/)), and clearing services through Robinhood Securities, LLC, (\"**RHS**\") a registered broker dealer (member [SIPC](https://www.sipc.org/)).\n...\n**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](https://cdn.robinhood.com/assets/robinhood/legal/RHC%20Licenses%20and%20Disclosures.pdf) for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.”",
      "source_type": "official",
      "source_link": "https://www.robinhood.com/us/en/about/trading",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Robinhood",
      "evidence_quote": "**Brokerage services** are offered through Robinhood Financial LLC, (\"**RHF**\") a registered broker dealer (member [SIPC](https://www.sipc.org/)), and clearing services through Robinhood Securities, LLC, (\"**RHS**\") a registered broker dealer (member [SIPC](https://www.sipc.org/)).\n...\n**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](https://cdn.robinhood.com/assets/robinhood/legal/RHC%20Licenses%20and%20Disclosures.pdf) for more information. Cryptocurrency held through Robinhood Crypto is not FDIC insured or SIPC protected.",
      "volatility": "low",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Robinhood",
      "topic": "custody and protection of Robinhood assets",
      "applies_to_country": "US",
      "applies_to_scope": "Robinhood US disclosures",
      "tags": {
        "lane": "any",
        "stage": "choosing",
        "region": [
          "us"
        ],
        "platform": "robinhood",
        "topic": [
          "safety.legal"
        ],
        "explicitness": "any"
      }
    },
    {
      "id": "learn_r1101_trading_and_crypto_what_it_is_coinbase_advanced_0pct_maker_fees",
      "category": "Getting Started",
      "title": "Minimum maker fee on Coinbase Advanced",
      "summary": "Coinbase Advanced advertises spot pairs with maker fees as low as 0.0%, alongside up to 10x leverage on derivatives.",
      "body": "Coinbase Advanced advertises spot pairs with maker fees as low as 0.0%, alongside up to 10x leverage on derivatives.\n\nWhat Coinbase actually says:\n\n“Trade derivatives across crypto, commodities, and stocks with up to 10x leverage* — plus 550+ spot pairs with as low as 0.0% maker fees.”",
      "source_type": "official",
      "source_link": "https://www.coinbase.com/advanced-trade",
      "last_verified": "2026-10-01",
      "reliability": "STRONG PRACTICE",
      "source_tier": "A",
      "source_publisher": "Coinbase",
      "evidence_quote": "Trade derivatives across crypto, commodities, and stocks with up to 10x leverage* — plus 550+ spot pairs with as low as 0.0% maker fees.",
      "volatility": "medium",
      "from_batch": "1101-trading-and-crypto-what-it-is",
      "subject": "Coinbase",
      "topic": "minimum maker fee on Coinbase Advanced",
      "applies_to_country": "US",
      "applies_to_scope": "Coinbase Advanced, US site",
      "tags": {
        "lane": "any",
        "stage": "running",
        "region": [
          "us"
        ],
        "platform": "coinbase",
        "topic": [
          "money.fees"
        ],
        "explicitness": "any"
      }
    }
  ]
}
