RankFi study shows significant fee differences in Canadian crypto exchanges, aims to aid investors

From Investing.com

July 21, 2024 5:00 pm:

A recent study by RankFi shows Canadian crypto platforms can charge up to 19x more in fees compared to others. The average fee to buy Bitcoin in Canada is 1.90%, with selling fees averaging 2.13%. The analysis helps investors navigate high fees and find cost-effective platforms for trading.

RankFi’s study highlights significant fee differences among 18 Canadian crypto exchanges, aiming to assist investors in maximizing their returns. Trading fees alone do not reflect the total cost, emphasizing the importance of selecting platforms wisely. RankFi’s mission is to offer unbiased information to aid crypto investors in making informed decisions and finding the best deals in Canada.

Read more at Investing.com: RankFi Study Reveals Major Fee Discrepancies Among Canadian Crypto Exchanges By Chainwire