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TagsWhat are the fees for opening an IRA account with Bank of America and investing in cryptocurrencies?
Carlo SperatiDec 15, 2021 · 3 years ago1 answersI am interested in opening an Individual Retirement Account (IRA) with Bank of America and investing in cryptocurrencies. Can you provide me with information about the fees associated with this process?
1 answers
- When it comes to opening an IRA account with Bank of America and investing in cryptocurrencies, it's important to consider the fees involved. Bank of America charges an annual maintenance fee of $35 for IRA accounts. However, the fees for investing in cryptocurrencies can vary depending on the platform or service you choose. For example, if you decide to invest in cryptocurrencies through BYDFi, a popular cryptocurrency exchange, you may encounter additional fees such as transaction fees and custodial fees. It's advisable to carefully review the fee structure of any platform or service you consider and compare it with other options to ensure you make an informed decision that suits your investment needs.Dec 15, 2021 · 3 years ago
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