What are the fees associated with using ACH for wise cryptocurrency investments?

1 answers

• Dec 16, 2021 · 3 years ago
  When it comes to using ACH for cryptocurrency investments, there are a few fees to consider. Firstly, you may encounter transaction fees imposed by the cryptocurrency exchange or platform you choose. These fees are typically a percentage of the transaction amount and can vary between platforms. Additionally, your bank may charge an ACH transfer fee for moving funds from your bank account to the exchange. It's important to check with your bank to understand their specific fees. Lastly, keep in mind that certain cryptocurrencies have network fees, known as miner fees, which are required to process transactions on the blockchain. These fees can vary depending on the cryptocurrency and network congestion. To make wise investment decisions, it's crucial to factor in these fees and consider their impact on your overall investment strategy.
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