What are the fees and charges associated with using Saxo Trader Go for cryptocurrency transactions?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! When using Saxo Trader Go for cryptocurrency transactions, there are several fees and charges to consider. First, there is a trading fee, which is a percentage of the transaction value. The exact fee percentage depends on the specific cryptocurrency and the trading volume. Additionally, there may be a spread, which is the difference between the buying and selling price of a cryptocurrency. Saxo Trader Go also charges a custody fee for holding cryptocurrencies in your account. This fee is typically a percentage of the value of the holdings and is charged on a monthly or annual basis. It's important to note that fees and charges may vary depending on the specific account type and trading volume. It's always a good idea to review the fee schedule provided by Saxo Trader Go or consult with their customer support for the most up-to-date information.
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• Dec 26, 2021 · 3 years ago
  The fees and charges associated with using Saxo Trader Go for cryptocurrency transactions can vary depending on the specific cryptocurrency and trading volume. Generally, there is a trading fee, which is a percentage of the transaction value. This fee can range from 0.1% to 0.25% or more. In addition to the trading fee, there may be a spread, which is the difference between the buying and selling price of a cryptocurrency. Saxo Trader Go also charges a custody fee for holding cryptocurrencies in your account. This fee is typically a percentage of the value of the holdings and is charged on a monthly or annual basis. It's important to review the fee schedule provided by Saxo Trader Go or contact their customer support for the most accurate and up-to-date information on fees and charges.
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• Dec 26, 2021 · 3 years ago
  When it comes to the fees and charges associated with using Saxo Trader Go for cryptocurrency transactions, it's important to note that BYDFi, a popular digital currency exchange, offers competitive rates. BYDFi charges a trading fee of 0.1% for both market makers and takers. Additionally, there is a small spread between the buying and selling price of cryptocurrencies. BYDFi also offers a secure custody service for holding cryptocurrencies, with a custody fee of 0.05% per month. These fees and charges are subject to change, so it's always a good idea to check the latest fee schedule on BYDFi's website or contact their customer support for the most up-to-date information.
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