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What are the fees associated with using M1 Finance for cryptocurrency transactions?

avatarSai Nagendra KonakallaDec 17, 2021 · 3 years ago1 answers

Can you provide a detailed description of the fees associated with using M1 Finance for cryptocurrency transactions?

What are the fees associated with using M1 Finance for cryptocurrency transactions?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to using M1 Finance for cryptocurrency transactions, the fees involved can vary depending on the specific cryptocurrency and network conditions. Typically, there is a transaction fee for each buy or sell order placed. This fee is usually a percentage of the transaction amount and can vary between cryptocurrencies. Additionally, there may be network fees associated with transferring the cryptocurrency to and from your M1 Finance account. These network fees are determined by the blockchain network and can fluctuate based on network congestion. It's worth noting that M1 Finance strives to provide competitive fees for cryptocurrency transactions, but it's always a good idea to check their website or contact their customer support for the most accurate and up-to-date fee information.