Are there any additional fees for buying and selling cryptocurrencies on SoFi?
Matheus FreitasDec 26, 2021 · 3 years ago3 answers
Can you tell me if there are any extra charges when purchasing or selling cryptocurrencies on the SoFi platform? I want to understand if there are any hidden fees that I should be aware of.
3 answers
- Dec 26, 2021 · 3 years agoYes, there are fees associated with buying and selling cryptocurrencies on SoFi. When you buy or sell cryptocurrencies, you may be subject to transaction fees, which can vary depending on the specific cryptocurrency and the amount of your transaction. It's important to review SoFi's fee schedule to understand the exact charges you may incur. Additionally, keep in mind that there may be network fees associated with transferring cryptocurrencies to and from your SoFi wallet, which are determined by the respective blockchain network.
- Dec 26, 2021 · 3 years agoAbsolutely! SoFi does charge fees for buying and selling cryptocurrencies. These fees are typically based on a percentage of the transaction amount and can vary depending on the specific cryptocurrency. It's always a good idea to check SoFi's fee schedule for the most up-to-date information on fees. Remember to factor in these fees when calculating your potential profits or losses from trading cryptocurrencies on SoFi.
- Dec 26, 2021 · 3 years agoYes, there are fees for buying and selling cryptocurrencies on SoFi. The fees are based on a percentage of the transaction amount and can vary depending on the specific cryptocurrency. It's important to note that these fees are separate from any potential price spreads or market fluctuations. SoFi aims to provide transparent pricing, and you can find detailed information about the fees on their website. If you have any specific questions about fees, it's best to reach out to SoFi's customer support for clarification.
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