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Are there any fees or commissions associated with trading cryptocurrencies on eTrade and TD Ameritrade?

avatarme 2StudentDec 22, 2021 · 3 years ago3 answers

Can you tell me if there are any fees or commissions that I need to pay when trading cryptocurrencies on eTrade and TD Ameritrade? I'm interested in knowing the costs associated with trading digital currencies on these platforms.

Are there any fees or commissions associated with trading cryptocurrencies on eTrade and TD Ameritrade?

3 answers

  • avatarDec 22, 2021 · 3 years ago
    Yes, there are fees and commissions associated with trading cryptocurrencies on eTrade and TD Ameritrade. Both platforms charge transaction fees for buying and selling digital currencies. The fees vary depending on the specific cryptocurrency and the size of the transaction. It's important to check the fee schedule of each platform to understand the costs involved.
  • avatarDec 22, 2021 · 3 years ago
    Trading cryptocurrencies on eTrade and TD Ameritrade does come with fees and commissions. These fees are typically charged as a percentage of the transaction amount or as a flat fee. The exact fee structure may vary between different cryptocurrencies and trading pairs. It's advisable to review the fee schedule of each platform before making any trades.
  • avatarDec 22, 2021 · 3 years ago
    Yes, there are fees and commissions associated with trading cryptocurrencies on eTrade and TD Ameritrade. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers zero trading fees for certain cryptocurrencies. So, if you're looking to minimize your trading costs, you may consider using BYDFi for your cryptocurrency trades.