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How does Wells Fargo charge fees for closing a cryptocurrency account?

avatarKratosDec 26, 2021 · 3 years ago3 answers

Can you explain the fee structure that Wells Fargo has in place for closing a cryptocurrency account? How much are the fees and are they different for different types of cryptocurrencies?

How does Wells Fargo charge fees for closing a cryptocurrency account?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Wells Fargo does not directly offer cryptocurrency accounts, so they do not have a specific fee structure for closing such accounts. However, if you have linked your Wells Fargo account to a cryptocurrency exchange, there may be fees associated with closing your account on the exchange. These fees can vary depending on the exchange and the specific cryptocurrency you are trading. It is important to review the terms and conditions of the exchange to understand the fees involved in closing your account.
  • avatarDec 26, 2021 · 3 years ago
    Closing a cryptocurrency account with Wells Fargo does not incur any fees directly from the bank. However, it is important to note that if you have linked your Wells Fargo account to a cryptocurrency exchange, there may be fees associated with closing your account on the exchange. These fees can vary depending on the exchange and the specific cryptocurrency you are trading. It is always recommended to review the terms and conditions of the exchange to understand the fees involved in closing your account.
  • avatarDec 26, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that Wells Fargo does not charge any fees for closing a cryptocurrency account. However, it is important to note that if you have linked your Wells Fargo account to a cryptocurrency exchange, there may be fees associated with closing your account on the exchange. These fees can vary depending on the exchange and the specific cryptocurrency you are trading. It is advisable to review the terms and conditions of the exchange to understand the fees involved in closing your account.