What are the fees associated with using acorns checking for cryptocurrency purchases?

3 answers

• Nov 24, 2021 · 3 years ago
  Sure! When using Acorns checking for cryptocurrency purchases, there are a few fees to keep in mind. First, there is a transaction fee of 1.5% for each cryptocurrency purchase. This fee is applied to the total amount of the transaction. Additionally, there may be network fees associated with the specific cryptocurrency you are purchasing. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. It's important to note that Acorns does not charge any additional fees for using their checking account for cryptocurrency purchases. However, it's always a good idea to check with your bank or financial institution to see if they have any fees or restrictions related to cryptocurrency transactions.
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• Nov 24, 2021 · 3 years ago
  The fees associated with using Acorns checking for cryptocurrency purchases are quite reasonable. Acorns charges a transaction fee of 1.5% for each cryptocurrency purchase. This fee is in line with industry standards and is used to cover the costs of processing the transaction. Additionally, there may be network fees associated with the specific cryptocurrency you are purchasing. These fees are determined by the blockchain network and are not controlled by Acorns. Overall, Acorns provides a convenient and cost-effective way to purchase cryptocurrencies through their checking account.
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• Nov 24, 2021 · 3 years ago
  When it comes to fees associated with using Acorns checking for cryptocurrency purchases, there are a few things to consider. Acorns charges a transaction fee of 1.5% for each cryptocurrency purchase. This fee is deducted from the total amount of the transaction. In addition to the transaction fee, there may be network fees associated with the specific cryptocurrency you are purchasing. These fees are determined by the blockchain network and can vary depending on network congestion and other factors. It's important to keep in mind that Acorns does not charge any additional fees for using their checking account for cryptocurrency purchases. However, it's always a good idea to review the terms and conditions of your account and check with your bank or financial institution for any potential fees or restrictions.
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