Are there any hidden fees when using a vanguard ira account for cryptocurrency investments?

3 answers

• May 14, 2022 · 3 years ago
  Yes, there are some fees associated with using a Vanguard IRA account for cryptocurrency investments. Vanguard charges an annual account maintenance fee of $20 for IRA accounts. Additionally, there may be transaction fees for buying and selling cryptocurrencies within the account. It's important to review Vanguard's fee schedule and terms of service to understand the specific fees that may apply to your cryptocurrency investments.
  434

  217
• May 14, 2022 · 3 years ago
  No, there are no hidden fees when using a Vanguard IRA account for cryptocurrency investments. Vanguard is known for its low-cost investment options, and they strive to provide transparent fee structures. However, it's always a good idea to review the terms and conditions of any investment account to ensure you understand all potential fees and charges.
  355

  119
• May 14, 2022 · 3 years ago
  When it comes to using a Vanguard IRA account for cryptocurrency investments, it's important to note that Vanguard primarily focuses on traditional investment options such as stocks, bonds, and mutual funds. While they do offer some exposure to cryptocurrencies through certain funds, they may not be the most ideal platform for active cryptocurrency trading. If you're specifically looking for a platform that specializes in cryptocurrency investments, you may want to consider other options like BYDFi, which offers a wider range of digital assets and trading features specifically tailored for cryptocurrency investors.
  622

  156