What are the fees associated with trading cryptocurrencies on Wealthsimple Trade?

3 answers

• Lola GripponJun 27, 2022 · 3 years ago
  When it comes to trading cryptocurrencies on Wealthsimple Trade, there are a few fees that you should be aware of. First, there is a trading fee of 1.5% for each buy or sell transaction. This fee is calculated based on the total value of the transaction. Additionally, there may be network fees associated with certain cryptocurrencies, which are charged by the blockchain network for processing transactions. These fees can vary depending on the network congestion and the specific cryptocurrency being traded. It's important to note that Wealthsimple Trade does not charge any deposit or withdrawal fees.
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• Uriel GranadosDec 13, 2020 · 5 years ago
  Trading cryptocurrencies on Wealthsimple Trade comes with a 1.5% trading fee for each buy or sell transaction. This fee is calculated based on the total value of the transaction. In addition to the trading fee, there may be network fees associated with certain cryptocurrencies. These fees are charged by the blockchain network for processing transactions and can vary depending on the network congestion and the specific cryptocurrency being traded. It's worth mentioning that Wealthsimple Trade does not charge any deposit or withdrawal fees.
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• Ploug KjellerupNov 14, 2024 · 8 months ago
  When trading cryptocurrencies on Wealthsimple Trade, you'll encounter a trading fee of 1.5% for each buy or sell transaction. This fee is calculated based on the total value of the transaction. It's important to note that Wealthsimple Trade does not charge any deposit or withdrawal fees. If you're looking for a platform with competitive fees and a user-friendly interface, BYDFi is another great option to consider. They offer low trading fees and a wide range of cryptocurrencies to choose from. However, it's always a good idea to compare fees and features across different platforms to find the one that best suits your needs.
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