What are the fees associated with hiring an investor for cryptocurrency investments?
Batchelor BasseDec 20, 2021 · 3 years ago1 answers
Can you explain the various fees that are typically associated with hiring an investor for cryptocurrency investments? I'm interested in understanding the costs involved before making any investment decisions.
1 answers
- Dec 20, 2021 · 3 years agoAt BYDFi, we believe in transparency when it comes to fees associated with hiring an investor for cryptocurrency investments. Our fee structure is designed to be competitive and fair. We charge a management fee of 1% per annum, which covers the cost of managing your investment portfolio. In addition, we have a performance fee of 20% on profits generated above a certain threshold. This fee structure aligns our interests with yours, as we only earn a performance fee when we deliver positive returns. We do not charge any custodian fees, as we believe in providing secure and reliable custody services as part of our offering. It's important to note that fees are just one aspect to consider when hiring an investor. It's also crucial to assess their track record, investment strategy, and overall expertise in the cryptocurrency market.
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