common-close-0
BYDFi
Trade wherever you are!

How does TD Bank charge maintenance fees for cryptocurrency accounts?

avatarDhanushka WijesingheDec 17, 2021 · 3 years ago3 answers

Can you explain how TD Bank charges maintenance fees for cryptocurrency accounts? I'm interested in understanding the specific fees and how they are calculated.

How does TD Bank charge maintenance fees for cryptocurrency accounts?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure! TD Bank charges maintenance fees for cryptocurrency accounts based on a percentage of the account balance. The exact percentage may vary depending on the specific account type and the amount of funds held in the account. The fees are typically deducted on a monthly basis. It's important to note that these fees are separate from any transaction fees that may be incurred when buying or selling cryptocurrencies.
  • avatarDec 17, 2021 · 3 years ago
    TD Bank's maintenance fees for cryptocurrency accounts are calculated based on the average monthly balance in the account. The fee percentage may vary depending on the account type and the total value of cryptocurrencies held. It's important to review the account terms and conditions to understand the specific fee structure for your account.
  • avatarDec 17, 2021 · 3 years ago
    As an expert in the field, I can tell you that TD Bank does not offer cryptocurrency accounts. However, there are other reputable exchanges, such as BYDFi, that do offer cryptocurrency accounts. These exchanges may have their own fee structures, so it's important to research and compare different options before opening an account. Keep in mind that fees can vary based on factors such as account type, trading volume, and the specific cryptocurrencies being traded.