Are there any hidden fees associated with Voya 403b's digital currency investments?

3 answers

• Mar 20, 2022 · 3 years ago
  When investing in digital currencies through Voya 403b, it's important to be aware of potential hidden fees. While Voya 403b does not charge any explicit fees for digital currency investments, there may be indirect costs associated with the investment. These costs can include transaction fees charged by the digital currency exchange, network fees for processing transactions, and potential price spreads between buying and selling prices. It's recommended to carefully review the terms and conditions of the digital currency exchange and consult with a financial advisor to understand the potential costs involved.
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• Mar 20, 2022 · 3 years ago
  Investing in digital currencies through Voya 403b can come with certain fees that investors should be aware of. While Voya 403b itself does not charge any hidden fees for digital currency investments, there may be fees imposed by the digital currency exchange or network. These fees can include transaction fees, withdrawal fees, and network fees for processing transactions. It's important to thoroughly research and compare different digital currency exchanges to understand their fee structures and choose the one that aligns with your investment goals.
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• Mar 20, 2022 · 3 years ago
  As a third-party digital currency exchange, BYDFi offers a transparent fee structure for investing in digital currencies through Voya 403b. There are no hidden fees associated with BYDFi's services, and investors can enjoy competitive transaction fees and low spreads. BYDFi prioritizes providing a seamless and cost-effective investment experience for its users. However, it's important to note that there may still be network fees and transaction fees imposed by the digital currency network itself. It's recommended to review BYDFi's fee schedule and consult with a financial advisor to understand the complete cost structure of investing in digital currencies through Voya 403b.
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