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What are the fees and commissions associated with trading cryptocurrencies on eToro and Degiro?

avatarDowd GreenwoodDec 18, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees and commissions that are involved when trading cryptocurrencies on eToro and Degiro?

What are the fees and commissions associated with trading cryptocurrencies on eToro and Degiro?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When trading cryptocurrencies on eToro, you will encounter several fees and commissions. Firstly, there is a spread fee, which is the difference between the buy and sell prices. Additionally, eToro charges overnight fees for holding positions overnight. These fees vary depending on the specific cryptocurrency and can be found on eToro's website. On the other hand, Degiro charges a commission for each trade you make. The commission fee is a percentage of the total trade value and can vary depending on the cryptocurrency and the trading volume. It's important to note that both eToro and Degiro may also charge deposit and withdrawal fees, so it's essential to review their fee schedules before trading.
  • avatarDec 18, 2021 · 3 years ago
    Trading cryptocurrencies on eToro and Degiro involves certain fees and commissions. eToro charges a spread fee, which is the difference between the buy and sell prices. This fee is built into the price you see on the platform, so you won't see a separate charge. Additionally, eToro charges overnight fees for positions held overnight. These fees are calculated based on the size of the position and the specific cryptocurrency. On the other hand, Degiro charges a commission fee for each trade. The commission fee is a percentage of the total trade value and can vary depending on the cryptocurrency. It's important to consider these fees when trading and factor them into your overall trading strategy.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to trading cryptocurrencies, eToro and Degiro have different fee structures. eToro charges a spread fee, which is the difference between the buy and sell prices. This fee is included in the price you see on the platform, so there are no additional charges. Additionally, eToro charges overnight fees for positions held overnight. These fees vary depending on the cryptocurrency and can be found on eToro's website. On the other hand, Degiro charges a commission fee for each trade. The commission fee is a percentage of the total trade value and can vary depending on the cryptocurrency and trading volume. It's important to compare the fees of both platforms and consider your trading strategy before making a decision.