What are the fees associated with fidelity cash management account for buying and selling cryptocurrencies?

1 answers

• May 06, 2022 · 3 years ago
  As an expert in the field, I can tell you that fidelity cash management account for buying and selling cryptocurrencies does come with certain fees. These fees can include transaction fees, spread fees, and transfer fees. The transaction fees are charged by fidelity for each cryptocurrency trade you make and can vary depending on the specific cryptocurrency and the trade amount. The spread fee is the difference between the buying and selling price of the cryptocurrency and is typically a small percentage of the trade amount. Lastly, there may be fees associated with transferring funds into and out of your fidelity cash management account, such as wire transfer fees or cryptocurrency network fees. It's important to review fidelity's fee schedule and terms of service to understand the exact fees associated with using their cash management account for cryptocurrency transactions.
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