Cryptocurrency brokers are working with businesses and paying for the services they provide is to be expected.
Network Feesĭealing with platform fees is nothing new. Let’s try to figure out how much it will cost you to get your tokens safely delivered into your wallet. In this article, we’ll reveal five ways in which cryptocurrency brokers are taking their cut while your investment is shrinking all the while. If you want to make sure your math is right and you won’t lose money on an apparently successful investment, you need to be aware of all the hidden charges or pricing strategies of these third parties. There are exchange fees, network fees, conversions fees, and even when the broker platform you’re choosing claims zero fees, you might want to check the price rate - it can come at a 5–10% premium than the actual market price.
Do you want to make money by investing in cryptocurrencies? “Buy low and sell high!” Sounds easy, right? Well, the equation is a bit more complex than that, and the volatile price is just one variable in the purchasing process.
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