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Is there a penalty for not actively trading cryptocurrencies on IBKR?

avatarMo. AseemMar 19, 2022 · 3 years ago5 answers

What are the consequences of not actively trading cryptocurrencies on IBKR? Will there be any penalties or fees imposed for inactivity?

Is there a penalty for not actively trading cryptocurrencies on IBKR?

5 answers

  • avatarMar 19, 2022 · 3 years ago
    There is no penalty for not actively trading cryptocurrencies on IBKR. Unlike some other platforms, IBKR does not charge any fees for account inactivity. You can hold your cryptocurrencies on IBKR without worrying about being penalized.
  • avatarMar 19, 2022 · 3 years ago
    No, there is no penalty for not actively trading cryptocurrencies on IBKR. They understand that not everyone wants to trade frequently and they respect your decision. You can simply hold your cryptocurrencies in your IBKR account without any consequences.
  • avatarMar 19, 2022 · 3 years ago
    While there is no penalty for not actively trading cryptocurrencies on IBKR, it's important to note that IBKR is primarily a trading platform. If you're not actively trading, you may not be taking full advantage of the platform's features and tools. However, if you prefer to hold your cryptocurrencies without trading, there are no fees or penalties imposed by IBKR.
  • avatarMar 19, 2022 · 3 years ago
    There is no penalty for not actively trading cryptocurrencies on IBKR. As a leading digital asset exchange, BYDFi also does not impose any penalties or fees for inactivity. You can safely store your cryptocurrencies on both platforms without worrying about being penalized.
  • avatarMar 19, 2022 · 3 years ago
    No, there is no penalty for not actively trading cryptocurrencies on IBKR. They understand that trading frequency varies among individuals and they do not impose any penalties or fees for inactivity. You can freely choose to hold your cryptocurrencies without any consequences.