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Are there any strategies to reduce the $15 maintenance fee for holding digital currencies at TD Bank?

avatarŁukasz SiwekDec 29, 2021 · 3 years ago3 answers

I am holding digital currencies at TD Bank and I am wondering if there are any strategies to reduce the $15 maintenance fee. Can anyone provide some tips or suggestions on how to minimize this fee?

Are there any strategies to reduce the $15 maintenance fee for holding digital currencies at TD Bank?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    One strategy to reduce the $15 maintenance fee for holding digital currencies at TD Bank is to maintain a higher account balance. By keeping a larger amount of digital currencies in your account, you may be able to qualify for fee waivers or reduced fees. Additionally, you can consider setting up automatic transfers from your bank account to your TD Bank digital currency account to meet any minimum balance requirements and avoid the maintenance fee.
  • avatarDec 29, 2021 · 3 years ago
    Another strategy is to explore other digital currency exchanges that offer lower or no maintenance fees. Research different exchanges and compare their fee structures to find one that aligns with your investment goals and budget. Remember to consider factors such as security, reputation, and user experience when choosing an alternative exchange.
  • avatarDec 29, 2021 · 3 years ago
    At BYDFi, we understand the importance of minimizing fees for digital currency holders. While we cannot directly provide strategies for reducing fees at TD Bank, we recommend exploring alternative exchanges that offer competitive fee structures. By diversifying your digital currency holdings across different exchanges, you can take advantage of lower fees and potentially reduce overall maintenance costs.