Are there any fees associated with using Ally Bank or SoFi for cryptocurrency transactions?

3 answers

• objetoraNov 04, 2020 · 5 years ago
  Yes, both Ally Bank and SoFi charge fees for cryptocurrency transactions. Ally Bank charges a transaction fee of 1.5% for each cryptocurrency transaction, while SoFi charges a fee of 1.75%. Additionally, both platforms may have withdrawal fees depending on the specific cryptocurrency and the amount being withdrawn. It's important to review the fee schedule for each platform before making any transactions to understand the exact costs involved.
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• Divyanshi RawatJul 11, 2023 · 2 years ago
  When it comes to using Ally Bank or SoFi for cryptocurrency transactions, it's important to note that there are fees associated with these platforms. Ally Bank charges a transaction fee of 1.5%, while SoFi charges a fee of 1.75%. These fees can add up, especially if you're making frequent transactions. It's a good idea to compare the fees of different platforms and choose the one that offers the most competitive rates for your needs.
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• Hassane DjigueJan 21, 2021 · 5 years ago
  While I can't speak for Ally Bank or SoFi, I can tell you that BYDFi, another cryptocurrency exchange, does not charge any fees for cryptocurrency transactions. This can be a significant advantage for users who want to minimize their transaction costs. However, it's important to consider other factors such as security, user experience, and available cryptocurrencies when choosing a platform for your cryptocurrency transactions.
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