Are there any hidden fees associated with using the Acorns app for buying and selling cryptocurrencies?
Forum YadavDec 26, 2021 · 3 years ago3 answers
I'm considering using the Acorns app for buying and selling cryptocurrencies, but I'm concerned about hidden fees. Are there any fees that I should be aware of when using the Acorns app?
3 answers
- Dec 26, 2021 · 3 years agoYes, there are some fees associated with using the Acorns app for buying and selling cryptocurrencies. Acorns charges a transaction fee of 0.25% for each trade. This fee is relatively low compared to other platforms, but it's important to keep in mind when making frequent trades. Additionally, Acorns may also charge a spread fee, which is the difference between the buy and sell price of a cryptocurrency. It's always a good idea to review the fee structure before using any trading app.
- Dec 26, 2021 · 3 years agoAbsolutely! The Acorns app does have some fees when it comes to buying and selling cryptocurrencies. They charge a transaction fee of 0.25% for each trade, which is pretty standard in the industry. However, it's important to note that this fee can add up if you're making frequent trades. It's always a good idea to compare fees across different platforms to find the best option for your trading needs.
- Dec 26, 2021 · 3 years agoYes, there are fees associated with using the Acorns app for buying and selling cryptocurrencies. Acorns charges a transaction fee of 0.25% for each trade. However, it's worth mentioning that this fee is relatively low compared to other platforms. If you're looking for a user-friendly app with competitive fees, Acorns can be a good choice. Just make sure to review the fee structure and consider your trading frequency before getting started.
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