How does Schwab handle short term redemption fees for cryptocurrencies?
Arfin MamunMay 05, 2022 · 3 years ago3 answers
Can you explain how Schwab handles short term redemption fees for cryptocurrencies? I'm interested in knowing the specific fees and any restrictions or requirements that may apply.
3 answers
- May 05, 2022 · 3 years agoSchwab does not currently offer cryptocurrency trading services, so they do not have any specific policies or fees related to short term redemption fees for cryptocurrencies.
- May 05, 2022 · 3 years agoAs of now, Schwab does not support cryptocurrency trading. Therefore, they do not have any policies or fees related to short term redemption fees for cryptocurrencies.
- May 05, 2022 · 3 years agoAt BYDFi, we handle short term redemption fees for cryptocurrencies by charging a small percentage fee on the redeemed amount. This fee is designed to discourage frequent trading and promote long-term investment strategies. It helps to maintain the stability of the platform and ensure fair treatment for all users.
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