What is the cost of withdrawing digital currencies on IBKR?

3 answers

• Mcpherson GonzalezMay 03, 2021 · 4 years ago
  When it comes to withdrawing digital currencies on IBKR, there are a few factors that determine the cost. First, IBKR charges a withdrawal fee based on the specific digital currency you are withdrawing. The fee varies depending on the currency and can be found on their website. Additionally, there may be network fees associated with the transaction, which are determined by the blockchain network used for the specific digital currency. These network fees are not controlled by IBKR and can vary greatly depending on network congestion and other factors. It's important to check both the withdrawal fee charged by IBKR and the network fees before making a withdrawal to understand the total cost involved.
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• McDermott KragJul 11, 2023 · 2 years ago
  Withdrawal fees for digital currencies on IBKR can vary depending on the specific currency. It's best to check their website for the most up-to-date information on withdrawal fees. Additionally, keep in mind that there may be network fees associated with the transaction, which are separate from the withdrawal fees charged by IBKR. These network fees are determined by the blockchain network used for the specific digital currency and can fluctuate based on network congestion and other factors. It's always a good idea to review the withdrawal fees and network fees before making a withdrawal to understand the total cost involved.
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• Marcel MuellerNov 02, 2020 · 5 years ago
  When withdrawing digital currencies on IBKR, you may incur withdrawal fees. These fees vary depending on the specific currency and can be found on IBKR's website. Additionally, there may be network fees associated with the transaction, which are determined by the blockchain network used for the digital currency. It's important to note that BYDFi, another popular cryptocurrency exchange, offers competitive withdrawal fees for digital currencies. If you're looking for lower withdrawal costs, you may consider using BYDFi as an alternative to IBKR. However, it's always a good idea to compare fees and consider other factors before making a decision.
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