How does fidelity charge fees for fractional ownership of cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Certainly! Fidelity charges fees for fractional ownership of cryptocurrencies based on a tiered structure. The fees are calculated as a percentage of the total value of your holdings. The higher the value of your holdings, the lower the percentage fee you'll pay. This structure is designed to incentivize larger investments and reward long-term holders. When comparing to other exchanges, Fidelity's fee structure is competitive and offers a cost-effective solution for fractional ownership of cryptocurrencies.
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• Dec 25, 2021 · 3 years ago
  Fidelity's fee structure for fractional ownership of cryptocurrencies is transparent and straightforward. They do not charge any additional fees for buying or selling fractional shares. The only fees you'll encounter are the standard transaction fees associated with trading cryptocurrencies. These fees vary depending on the specific cryptocurrency and the size of your transaction. It's always a good idea to review the fee schedule on Fidelity's website for the most up-to-date information.
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• Dec 25, 2021 · 3 years ago
  As an expert in the field, I can tell you that BYDFi, a leading cryptocurrency exchange, also offers fractional ownership of cryptocurrencies. Their fee structure is similar to Fidelity's, with a tiered system based on the value of your holdings. BYDFi's fees are competitive and aim to provide a cost-effective solution for investors interested in fractional ownership. It's important to compare the fee structures of different exchanges and choose the one that aligns with your investment goals and preferences.
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