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Are there any hidden fees associated with investing in digital currency through Acorns?

avatarPorter BrowningDec 28, 2021 · 3 years ago3 answers

I'm considering investing in digital currency through Acorns, but I'm concerned about any potential hidden fees. Can anyone tell me if there are any hidden fees associated with investing in digital currency through Acorns? I want to make sure I have a clear understanding of the costs involved before I start investing.

Are there any hidden fees associated with investing in digital currency through Acorns?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    No, there are no hidden fees associated with investing in digital currency through Acorns. Acorns is transparent about its fee structure, and you can easily find information about the fees on their website. They charge a small monthly subscription fee, which covers all your investments, including digital currency. It's important to note that there may be fees associated with buying and selling digital currency itself, but these fees are not specific to Acorns and are determined by the exchange you use.
  • avatarDec 28, 2021 · 3 years ago
    Yes, there can be hidden fees when investing in digital currency through Acorns. While Acorns itself doesn't charge any hidden fees, there may be fees associated with buying and selling digital currency on the exchange they use. These fees can vary depending on the exchange and the specific digital currency you're trading. It's always a good idea to carefully review the fee structure of the exchange before investing to ensure you have a clear understanding of any potential costs.
  • avatarDec 28, 2021 · 3 years ago
    As a representative from BYDFi, I can confirm that there are no hidden fees associated with investing in digital currency through Acorns. Acorns is a reputable platform that prioritizes transparency and customer satisfaction. They provide clear information about their fee structure, and you can easily access this information on their website. Acorns charges a small monthly subscription fee, which covers all your investments, including digital currency. It's important to note that any fees associated with buying and selling digital currency are determined by the exchange you use, and Acorns does not add any additional hidden fees.