Are there any hidden costs when buying and selling cryptocurrencies?

1 answers

• Dec 27, 2021 · 3 years ago
  There are a few hidden costs that you should be aware of when buying and selling cryptocurrencies. Transaction fees, spread, and additional fees for services like depositing or withdrawing funds are some of the potential costs to consider. It's important to research and compare different exchanges to find the ones with the lowest fees. Additionally, be aware of the spread, which is the difference between the buying and selling prices of a cryptocurrency. Lastly, read the terms and conditions of the exchange to understand any potential fees before you start trading.
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