Fees could be killing your Bitcoin investment returns, according to the Los Angeles Times. It’s become quite clear over the past decade that fees have a significant impact on long-term investment performance. The Times reports that the expense ratio of mutual funds, the fees investors pay annually, have dropped by 42 percent since 1994 as investors have become saavier to the effect of fees on their portfolio. However, many cryptocurrency investors lack that savvy, trading on exchanges that either charge exorbitant fees or hide their fees altogether. The Times notes that Coinbase’s fee schedule is so complicated that many investors are totally unsure how much they’re forking over to the exchange.
Get the latest news, Price Analysis and insights
Sign up for crypto-trading tips & hints:
All crypto news for
Sign up for crypto digest
When Bitcoin Investing Reaches Mainstream, Customers Likely to Question Exchange Fees
Cover image via u.today
👓 Recommended articles
Please enter a valid e-mail
Get the latest news, tips and good insights to your inbox
The Brainkey is the seed phrase from which your public-private key pairs are generated. You can restore the public-private key pairs from your Brainkey if you lose the keys.
The Brainkey itself cannot be restored once lost!
⚠ Write it down on a paper and make a photo:
Registration was successfully completed
Please, wait to reload the page