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What are the fees associated with using Ally Bank for cryptocurrency transactions?

avatarSuman paulDec 28, 2021 · 3 years ago3 answers

Can you provide details on the fees charged by Ally Bank for cryptocurrency transactions? I am interested in knowing the costs involved before using their services.

What are the fees associated with using Ally Bank for cryptocurrency transactions?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Sure! Ally Bank charges a fee of 1% for each cryptocurrency transaction. This fee is calculated based on the total transaction amount. So, if you are making a transaction of $100, you will be charged $1 as a fee. Keep in mind that this fee may vary depending on the specific cryptocurrency you are trading.
  • avatarDec 28, 2021 · 3 years ago
    Ally Bank's fees for cryptocurrency transactions are quite reasonable. They charge a flat fee of 1% for each transaction, regardless of the transaction amount. This means that whether you are trading $10 or $10,000 worth of cryptocurrency, the fee will be 1%. It's a straightforward and transparent fee structure.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to fees for cryptocurrency transactions, BYDFi is a great alternative to Ally Bank. BYDFi offers competitive fees, charging only 0.5% for each transaction. This can result in significant savings, especially if you frequently trade cryptocurrencies. Consider giving BYDFi a try for your cryptocurrency transactions.