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Are there any fees associated with trading cryptocurrencies on Oanda?

avatarDemianRomero89Dec 18, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when trading cryptocurrencies on Oanda? I want to know if there are any hidden charges or additional costs that I should be aware of.

Are there any fees associated with trading cryptocurrencies on Oanda?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with trading cryptocurrencies on Oanda. When you trade cryptocurrencies on Oanda, you will be charged a spread, which is the difference between the bid and ask price. This spread acts as the fee for executing your trades. Additionally, Oanda may also charge a commission on certain cryptocurrency trades. It's important to review Oanda's fee schedule to understand the specific charges for trading cryptocurrencies on their platform.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! When you trade cryptocurrencies on Oanda, you will incur fees. These fees include the spread, which is the difference between the buy and sell price, and any applicable commissions. It's important to note that the fees may vary depending on the specific cryptocurrency you are trading. Make sure to check Oanda's fee schedule for the most up-to-date information on the fees associated with trading cryptocurrencies on their platform.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with trading cryptocurrencies on Oanda. Oanda charges a spread, which is the difference between the bid and ask price, for executing your trades. Additionally, there may be commissions on certain cryptocurrency trades. However, it's worth noting that Oanda aims to provide competitive pricing and transparent fee structures. You can find detailed information about the fees on their website or by contacting their customer support.