What are the fees associated with using Acorns for cryptocurrency transactions?
Rufino SalgadoMay 12, 2023 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees associated with using Acorns for cryptocurrency transactions? I would like to know the specific charges and costs involved in using Acorns for buying and selling cryptocurrencies.
1 answers
- KO KFeb 23, 2024 · 2 years agoAs an expert in the field, I can tell you that Acorns charges a transaction fee of 1.5% for cryptocurrency transactions. This fee is applied to both buying and selling cryptocurrencies on the platform. In addition to the transaction fee, there may also be a spread fee, which is the difference between the buy and sell price of a cryptocurrency. The spread fee can vary depending on market conditions and can range from 0.5% to 2%. It's important to consider these fees when using Acorns for cryptocurrency transactions to ensure you are aware of the costs involved.
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