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>I know transaction costs in cryptocurrencies tend to be high by financial standards. What would be a normal transaction cost by financial standards?
by ryanlol 9y ago
>I know transaction costs in cryptocurrencies tend to be high by financial standards.
What would be a normal transaction cost by financial standards?
- dnautics 9y agoCharles Schwab, which is relatively high, charges $8/trade (for unmanaged trades).
- ryanlol 9y ago$8 per tx seems like a very high fee for cryptocurrency transactions.
- umanwizard 9y agoIt’s really not. Gdax charges 0.25% (only to one party, so let’s call it 0.125 on average). You only have to buy less than $10,000 worth before the fee is higher than $8
- ryanlol 9y agoAnd Gdax is totally required to charge their index fund customers that 0.25%? I figured that the comment I was originally responding to made it sound like transaction costs are a technical reason for the management fees being high.
- paulie_a 9y agoRobinhood charges zero
- asdsa5325 9y agoYou seem to be confusing transaction costs and management fees
- ryanlol 9y agoHow do you mean? I’m very aware of the difference between the two.
- joncrane 9y agoA good example would be ~$10 per trade to buy any quantity of stock.