What are the fees and charges associated with using the eToro investment app for trading cryptocurrencies?
gabriellebalsoptspDec 17, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees and charges that are associated with using the eToro investment app for trading cryptocurrencies? I would like to understand the costs involved before I start trading.
1 answers
- Dec 17, 2021 · 3 years agoAs an expert in the field, I can provide you with the details of the fees and charges associated with using the eToro investment app for trading cryptocurrencies. eToro charges a spread fee, which is the difference between the buy and sell prices of a cryptocurrency. This fee is applied to each trade and can vary depending on the specific cryptocurrency and market conditions. Additionally, eToro charges an overnight fee for positions that are held open overnight. The overnight fee is calculated based on the size of the position and the current market conditions. It's important to note that eToro also charges a withdrawal fee, which is a fixed amount for each withdrawal transaction. The withdrawal fee may vary depending on the cryptocurrency and the amount being withdrawn. For the most accurate and up-to-date information on fees and charges, I recommend visiting the eToro website or reaching out to their customer support team.
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