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How does Schwab handle short term redemption fees for cryptocurrencies?

avatarcaryl balledoDec 25, 2021 · 3 years ago3 answers

Can you explain how Schwab handles short term redemption fees for cryptocurrencies? I'm interested in knowing the specific fees and any restrictions or requirements that may apply.

How does Schwab handle short term redemption fees for cryptocurrencies?
Schwab
Short Term Redemption Fees
Cryptocurrencies

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Schwab does not currently offer cryptocurrency trading services, so they do not have any specific policies or fees related to short term redemption fees for cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    As of now, Schwab does not support cryptocurrency trading. Therefore, they do not have any policies or fees related to short term redemption fees for cryptocurrencies.
  • avatarDec 25, 2021 · 3 years ago
    At BYDFi, we handle short term redemption fees for cryptocurrencies by charging a small percentage fee on the redeemed amount. This fee is designed to discourage frequent trading and promote long-term investment strategies. It helps to maintain the stability of the platform and ensure fair treatment for all users.

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