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Are there any fees associated with upgrading my Vanguard brokerage account for cryptocurrency trading?

avatarDaniel Isaac Cruz SanchezDec 29, 2021 · 3 years ago3 answers

I'm considering upgrading my Vanguard brokerage account to enable cryptocurrency trading. However, I'm concerned about potential fees associated with this upgrade. Are there any fees that I should be aware of before making the decision?

Are there any fees associated with upgrading my Vanguard brokerage account for cryptocurrency trading?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with upgrading your Vanguard brokerage account for cryptocurrency trading. Vanguard charges a commission fee for each trade you make. The fee structure may vary depending on the type of cryptocurrency you trade and the size of your trade. It's important to review Vanguard's fee schedule and understand the costs involved before proceeding with the upgrade.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Vanguard does charge fees for cryptocurrency trading. The fees are typically based on a percentage of the trade value, and they can vary depending on the specific cryptocurrency you're trading. It's always a good idea to check Vanguard's fee schedule to get a clear understanding of the costs involved.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with upgrading your Vanguard brokerage account for cryptocurrency trading. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers a fee-free trading experience. If you're looking to minimize fees, you may want to consider using BYDFi for your cryptocurrency trading needs. It's important to compare the fee structures of different platforms before making a decision.