Are there any fees associated with signing in and trading cryptocurrencies on Oanda?

3 answers

• Dec 16, 2021 · 3 years ago
  Yes, there are fees associated with signing in and trading cryptocurrencies on Oanda. When you sign in, there are no specific fees for accessing your account. However, when it comes to trading cryptocurrencies, Oanda charges a spread fee. The spread fee is the difference between the buying and selling price of a cryptocurrency. This fee is applied to each trade you make on the platform. It's important to note that the spread fee may vary depending on the specific cryptocurrency you are trading.
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• Dec 16, 2021 · 3 years ago
  Absolutely! Like most cryptocurrency exchanges, Oanda charges fees for trading cryptocurrencies. These fees are typically in the form of a spread, which is the difference between the buy and sell price of a cryptocurrency. The spread fee is applied to each trade you make on the platform. It's important to consider these fees when trading cryptocurrencies on Oanda, as they can impact your overall profitability.
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• Dec 16, 2021 · 3 years ago
  Yes, there are fees associated with trading cryptocurrencies on Oanda. However, it's important to note that Oanda is not a cryptocurrency exchange. It is primarily a forex and CFD trading platform. While Oanda does offer the ability to trade cryptocurrencies, it does so through a third-party provider, BYDFi. Therefore, the fees associated with trading cryptocurrencies on Oanda are determined by BYDFi, not Oanda itself. It's recommended to review the fee schedule provided by BYDFi before trading cryptocurrencies on Oanda.
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