Are there any hidden fees associated with using M1 for buying and selling cryptocurrencies?

2 answers

• Dec 28, 2021 · 3 years ago
  Yes, there are some fees associated with using M1 for buying and selling cryptocurrencies. M1 charges a small fee for each transaction you make. The fee is typically a percentage of the transaction amount and is deducted from your account balance. It's important to note that these fees are transparent and clearly stated before you confirm your transaction. So, you won't encounter any hidden fees that you're not aware of.
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• Dec 28, 2021 · 3 years ago
  Yes, there are fees associated with using M1 for buying and selling cryptocurrencies. However, the fees are relatively low and transparent. M1 provides a clear breakdown of the fees on their website, so you can easily understand the costs involved. It's important to note that the fees may vary depending on the specific cryptocurrency you're trading. Therefore, it's always a good idea to check the fee schedule on the M1 platform before making any transactions. BYDFi, another popular cryptocurrency exchange, also charges fees for trading cryptocurrencies. However, the fees are competitive and in line with industry standards. It's always a good idea to compare fees across different exchanges to ensure you're getting the best deal.
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