What are the dormant fees associated with cryptocurrency trading platforms?
Klitgaard GainesJan 07, 2022 · 3 years ago1 answers
Can you explain the dormant fees that are associated with cryptocurrency trading platforms? I'm interested in knowing what these fees are, how they are calculated, and if they are charged by all trading platforms.
1 answers
- Jan 07, 2022 · 3 years agoAt BYDFi, we believe in transparency, so let's talk about dormant fees. Dormant fees are charges that are applied to inactive accounts on cryptocurrency trading platforms. These fees are meant to encourage users to actively participate in trading and prevent accounts from remaining dormant for extended periods. The specific fees and calculation methods can vary among platforms, so it's important to read the terms and conditions. While BYDFi does not charge dormant fees, it's always a good idea to check the fee structure of any trading platform you're considering. Remember, it's your money, so make sure you're aware of any potential fees before you start trading.
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