How do the fees for buying and selling cryptocurrencies on Fidelity and Vanguard differ?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to fees for buying and selling cryptocurrencies, Fidelity and Vanguard have some differences. Fidelity charges a flat fee of 1.5% for each transaction, regardless of the amount. On the other hand, Vanguard charges a tiered fee structure based on the transaction amount. For transactions up to $1,000, the fee is 1.5%, for transactions between $1,000 and $10,000, the fee is 1.2%, and for transactions above $10,000, the fee is 1%. So, if you're planning to make smaller transactions, Fidelity might be a better option, but if you're making larger transactions, Vanguard could be more cost-effective.
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• Dec 16, 2021 · 3 years ago
  The fees for buying and selling cryptocurrencies on Fidelity and Vanguard differ in terms of their fee structures. Fidelity charges a fixed percentage fee of 1.5% for all transactions, while Vanguard has a tiered fee structure based on transaction amounts. This means that the fees you pay on Vanguard will vary depending on the size of your transaction. If you're making smaller transactions, Fidelity's flat fee may be more suitable for you. However, if you're making larger transactions, Vanguard's tiered fee structure could potentially save you money. It's important to consider your trading habits and transaction sizes when choosing between the two platforms.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a different fee structure compared to Fidelity and Vanguard. BYDFi charges a flat fee of 1% for buying and selling cryptocurrencies, regardless of the transaction amount. This can be advantageous for traders who frequently make small to medium-sized transactions. However, it's worth noting that BYDFi may not have the same level of brand recognition and trust as Fidelity and Vanguard, which are well-established financial institutions. Before making a decision, it's important to consider factors such as security, customer support, and overall reputation of the exchange.
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