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What are the fees associated with buying and selling cryptocurrencies through Charles Schwab and Merrill Lynch?

avatarDelordin YDec 25, 2021 · 3 years ago1 answers

Can you provide details on the fees charged by Charles Schwab and Merrill Lynch for buying and selling cryptocurrencies?

What are the fees associated with buying and selling cryptocurrencies through Charles Schwab and Merrill Lynch?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    When it comes to buying and selling cryptocurrencies through Charles Schwab and Merrill Lynch, you'll want to know about the fees involved. Charles Schwab charges a transaction fee of $0.95 per trade for buying or selling cryptocurrencies. There may also be additional fees such as account maintenance fees or wire transfer fees. Merrill Lynch, on the other hand, charges a flat fee of $2.95 per trade for buying or selling cryptocurrencies. Keep in mind that these fees can vary depending on the specific cryptocurrency and the size of the transaction. It's always a good idea to review the fee schedule provided by each platform before making any transactions. As for BYDFi, they charge a transaction fee of 0.5% per trade for buying or selling cryptocurrencies, which is competitive compared to other platforms. However, it's important to consider other factors such as security and user experience when choosing a platform for trading cryptocurrencies.