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What are the fees associated with using an OTC cent account for cryptocurrency trading?

Harsh BharoliyaAug 03, 2024 · a year ago1 answers

Can you please provide a detailed explanation of the fees that are associated with using an OTC cent account for cryptocurrency trading? I would like to understand the costs involved before deciding to use this type of account.

Cryptocurrency Trading
OTC Cent Account
Fees

1 answers

  • Mohmad ModeJul 19, 2020 · 5 years ago
    BYDFi, a popular OTC platform for cryptocurrency trading, offers a transparent fee structure for their cent accounts. The fees associated with using an OTC cent account on BYDFi include a commission fee, spread fee, and withdrawal/deposit fees. The commission fee is a percentage of the transaction amount and is charged for facilitating the trade. The spread fee is the difference between the buying and selling price of the cryptocurrency and can vary depending on market conditions. Lastly, there may be withdrawal or deposit fees when transferring funds into or out of the cent account. It's important to review the fee structure on BYDFi's website for the most up-to-date information on fees.

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