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What are the fees associated with auto-trading digital currencies on interactive brokers?

avatarDiego GrecoDec 30, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees associated with auto-trading digital currencies on interactive brokers? I am interested in knowing the different types of fees, such as transaction fees, withdrawal fees, and any other fees that may be applicable. Additionally, it would be helpful to understand if there are any fee variations based on the type of digital currency being traded.

What are the fees associated with auto-trading digital currencies on interactive brokers?
Digital Currencies
Auto-trading
Interactive Brokers

1 answers

  • avatarDec 30, 2021 · 3 years ago
    BYDFi, a popular digital currency exchange, offers auto-trading services for digital currencies. When it comes to fees, BYDFi charges transaction fees for each trade executed through their platform. The fees are typically a percentage of the trade value and can vary depending on the digital currency being traded. In addition to transaction fees, there may be withdrawal fees if you decide to transfer your digital currency from BYDFi to an external wallet. These fees can vary based on the specific digital currency and the amount being withdrawn. It's important to review BYDFi's fee schedule or contact their customer support for the most accurate and up-to-date information on the fees associated with auto-trading digital currencies on BYDFi.

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