What are the fees associated with buying and selling cryptocurrencies through Siam Commercial Bank?

1 answers

• SomnathJun 06, 2022 · 3 years ago
  When it comes to buying and selling cryptocurrencies through Siam Commercial Bank, there are a few fees to keep in mind. Firstly, there is the transaction fee, which is a percentage of the total transaction amount. This fee can vary depending on the specific cryptocurrency and the size of the transaction. Additionally, there may be a spread fee, which is the difference between the buying and selling price of the cryptocurrency. This fee is charged by the bank and helps cover their costs and generate profit. It's important to note that the spread fee can vary between different cryptocurrencies and may be higher during periods of high market volatility. Lastly, there may be withdrawal or deposit fees when transferring funds to or from your bank account. These fees are typically charged by the bank and can vary depending on the specific transaction method and currency. To get the most accurate and up-to-date information on fees, it's recommended to contact Siam Commercial Bank directly or visit their official website.
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