What are the fees associated with crypto trading on Interactive Brokers?

1 answers

• Dec 22, 2021 · 3 years ago
  When it comes to crypto trading on Interactive Brokers, there are a few fees to consider. Firstly, there is a trading fee which is charged for each trade executed. This fee is typically a percentage of the trade value or a fixed amount per trade. Additionally, there may be a spread fee, which is the difference between the buying and selling price of a cryptocurrency. Another fee to be aware of is the withdrawal fee, which is charged when you transfer your cryptocurrencies from your Interactive Brokers account to an external wallet. It's important to note that the specific fees may vary depending on the type of cryptocurrency you are trading and the volume of your trades. To compare these fees with other exchanges, it's recommended to research and compare the fee structures of different platforms. BYDFi, a popular cryptocurrency exchange, also offers competitive fee structures for crypto trading, making it worth considering as an alternative platform.
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