When Bitcoin Investing Reaches Mainstream, Customers Likely to Question Exchange Fees

Fri, 03/16/2018 - 16:32
David Dinkins
Bitcoin exchanges often charge unclear or excessive fee amounts, according to the LA Times, and savvy investors won’t tolerate it forever
Cover image via U.Today

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.

About the author

David Dinkins is a freelance writer who holds a Master of Arts in history from Louisiana Tech University and has extensive teaching experience both at LSU – Shreveport and University of Phoenix. He got involved with cryptocurrency in early 2014 working as part of the Dash Core Team and have served in the role of writer/editor (mostly editor) during that time. He has edited a huge number of documents for the Core Team, including the Evolution whitepaper, the PrivateSend whitepaper, and many of Evan Duffield’s communications with the Dash Community.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy