How does Sofi compare to M1 Finance in terms of fees for buying and selling cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  When it comes to fees for buying and selling cryptocurrencies, Sofi and M1 Finance have different fee structures. Sofi charges a flat fee of 1.25% for cryptocurrency transactions, while M1 Finance does not charge any fees for cryptocurrency trades. So if you're looking for a platform with lower fees, M1 Finance might be the better option for you. However, it's important to note that M1 Finance does not offer as wide a range of cryptocurrencies as Sofi does. So if you're interested in trading a variety of cryptocurrencies, Sofi might be worth considering despite the higher fees.
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• Dec 26, 2021 · 3 years ago
  If you're a frequent trader, the fees can really add up. Sofi's 1.25% fee might seem small, but if you're making large trades or trading frequently, it can eat into your profits. On the other hand, M1 Finance's fee-free trading can save you a significant amount of money in the long run. So if you're an active trader, M1 Finance might be the better choice for you.
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• Dec 26, 2021 · 3 years ago
  BYDFi, another popular cryptocurrency exchange, offers competitive fees for buying and selling cryptocurrencies. With BYDFi, you can enjoy low fees starting from 0.1% per transaction. This makes BYDFi a great alternative to both Sofi and M1 Finance if you're looking for lower fees. Additionally, BYDFi offers a wide range of cryptocurrencies to trade, giving you more options compared to M1 Finance. So if you're looking for a platform with low fees and a diverse selection of cryptocurrencies, BYDFi is definitely worth considering.
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