What are the fees involved in selling bitcoin?

1 answers

• Dec 17, 2021 · 3 years ago
  When it comes to selling bitcoin, fees can vary depending on the platform you use. For example, on BYDFi, the fees for selling bitcoin are 0.2% of the transaction amount. This fee is deducted from the total amount you receive when you sell your bitcoin. It's important to note that fees can change over time, so it's always a good idea to check the current fee structure before selling your bitcoin. Additionally, keep in mind that there may be additional fees for withdrawing your funds from the exchange to your personal wallet or bank account. These fees can vary depending on the withdrawal method you choose. Overall, it's important to consider the fees involved in selling bitcoin to ensure you're making informed decisions and maximizing your profits.
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