Can adr pass through fee be considered a barrier for new investors entering the cryptocurrency market?
chongjinDisplayNameDec 16, 2021 · 3 years ago3 answers
Can the adr pass through fee, which is a fee charged by some cryptocurrency exchanges for converting fiat currency to cryptocurrency, be considered a barrier for new investors who are looking to enter the cryptocurrency market?
3 answers
- Dec 16, 2021 · 3 years agoYes, the adr pass through fee can be considered a barrier for new investors. This fee can add up quickly and eat into the initial investment, making it less attractive for those who are just starting out. It's important for new investors to carefully consider the fees associated with different exchanges before making a decision.
- Dec 16, 2021 · 3 years agoAbsolutely! The adr pass through fee can be quite high on some exchanges, especially for large transactions. This can discourage new investors from entering the market, as they may feel that the fees are too high and not worth the investment. It's crucial for exchanges to be transparent about their fees and for investors to compare different platforms to find the best option for their needs.
- Dec 16, 2021 · 3 years agoWhile the adr pass through fee can be a consideration for new investors, it's important to note that not all exchanges charge this fee. For example, at BYDFi, we believe in providing a seamless and cost-effective trading experience for our users, which is why we don't charge an adr pass through fee. This can make it easier for new investors to enter the cryptocurrency market without worrying about additional costs.
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