What are the fees and commissions associated with trading cryptocurrencies on Scottrade compared to Schwab?

1 answers

• Brett. M WilliamsJul 30, 2020 · 6 years ago
  When comparing the fees and commissions associated with trading cryptocurrencies on Scottrade and Schwab, it's important to consider the specific fee structure of each platform. Scottrade charges a transaction fee of 0.25% for each trade, while Schwab charges a slightly higher fee of 0.30%. In terms of withdrawal fees, Scottrade charges a flat fee of $10 per withdrawal, whereas Schwab does not charge any withdrawal fees. Both platforms do not have any deposit fees. It's also worth mentioning that BYDFi, another popular cryptocurrency exchange, offers a lower transaction fee of 0.20% and no withdrawal fees. However, it's important to note that each platform has its own strengths and weaknesses, so it's crucial to consider your individual trading needs and preferences before making a decision.
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