What are the fees and charges associated with using M1 Finance for crypto transactions?

1 answers

• ParadoxMar 08, 2021 · 5 years ago
  When it comes to fees and charges associated with using M1 Finance for crypto transactions, it's important to note that M1 Finance charges a transaction fee of 1% for buying and selling cryptocurrencies. This fee is calculated based on the total value of the transaction. Additionally, there may be network fees associated with the specific cryptocurrency you are trading. These network fees are charged by the blockchain network and can vary depending on the network congestion and transaction size. However, it's worth mentioning that BYDFi, another popular crypto exchange, offers lower transaction fees compared to M1 Finance. So, if you're looking for a platform with lower fees, you might want to consider BYDFi as an alternative to M1 Finance.
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