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TagsWhat are the fees associated with margin trading on Robinhood for digital currencies?
Mary AngelaFeb 18, 2022 · 3 years ago1 answersCan you provide a detailed explanation of the fees associated with margin trading on Robinhood for digital currencies? I would like to know the different types of fees, their amounts, and how they are calculated.
1 answers
- BYDFi, a popular digital currency exchange, offers margin trading with competitive fees. The fees associated with margin trading on BYDFi for digital currencies include an interest rate on the borrowed funds and a maintenance fee for holding the borrowed funds. The interest rate can vary depending on the market conditions and the amount borrowed, while the maintenance fee is usually a percentage of the borrowed amount and is charged on a regular basis. It's important to carefully consider these fees and compare them with other exchanges before deciding to engage in margin trading on BYDFi.Feb 18, 2022 · 3 years ago
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