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Are there any hidden fees associated with using Fidelity for cryptocurrency investments?

avatarplayergamesproDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any hidden fees that I should be aware of when using Fidelity for cryptocurrency investments? I want to make sure I understand all the costs involved before I start investing.

Are there any hidden fees associated with using Fidelity for cryptocurrency investments?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are some fees associated with using Fidelity for cryptocurrency investments. Fidelity charges a transaction fee for buying and selling cryptocurrencies. Additionally, there may be fees for transferring funds to and from your Fidelity account. It's important to review Fidelity's fee schedule and understand the specific fees that apply to cryptocurrency transactions.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Fidelity does charge fees for cryptocurrency investments. These fees can include transaction fees, account maintenance fees, and fees for transferring funds. It's always a good idea to carefully review the fee schedule and terms of service before making any investments to ensure you're aware of all the costs involved.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using Fidelity for cryptocurrency investments. However, it's important to note that the fees charged by Fidelity are generally competitive with other reputable cryptocurrency exchanges. Fidelity provides a transparent fee schedule on their website, which outlines the specific fees for different types of transactions. It's recommended to review this fee schedule and compare it with other exchanges to make an informed decision.