Are there any inactivity fees associated with digital currency accounts on M1 Finance?
lin zhengDec 26, 2021 · 3 years ago3 answers
Can someone tell me if there are any fees for inactivity on digital currency accounts with M1 Finance? I'm considering opening an account with them, but I want to make sure I won't be charged if I don't trade frequently.
3 answers
- Dec 26, 2021 · 3 years agoYes, M1 Finance does charge inactivity fees for digital currency accounts. If you don't make any trades or transactions for a certain period of time, typically 12 months, you may be subject to an inactivity fee. It's important to review M1 Finance's fee schedule and terms of service to understand the specific details and conditions of the inactivity fee.
- Dec 26, 2021 · 3 years agoNo, there are no inactivity fees associated with digital currency accounts on M1 Finance. They understand that not all investors trade frequently and do not penalize users for inactivity. This is one of the advantages of choosing M1 Finance for your digital currency investments.
- Dec 26, 2021 · 3 years agoWhile M1 Finance does not charge inactivity fees for digital currency accounts, it's important to note that other exchanges may have different policies. It's always a good idea to compare the fee structures and terms of service of different exchanges before making a decision. However, I can confidently say that M1 Finance is a reputable platform that prioritizes user experience and does not impose unnecessary fees.
Related Tags
Hot Questions
- 95
What are the best digital currencies to invest in right now?
- 89
What are the best practices for reporting cryptocurrency on my taxes?
- 56
How can I minimize my tax liability when dealing with cryptocurrencies?
- 55
How can I protect my digital assets from hackers?
- 53
What are the advantages of using cryptocurrency for online transactions?
- 45
Are there any special tax rules for crypto investors?
- 45
How can I buy Bitcoin with a credit card?
- 39
How does cryptocurrency affect my tax return?