Peeling Off Cost Layers Of Crypto Investments

What You Need To Pay Attention To Charges are not standardised so an investor who wants to pay as less as possible has to go to each crypto exchange’s website or app to calculate what it will cost him or her to join/trade/withdraw Check the deposit options and limits. Some exchanges have a minimum limit of Rs 50,000 if you are using bank transfers. Using UPI or a payment wallet, the minimum may be just Rs 100 There may be a charge for moving money to and from the crypto exchange. This is the service fee that payment gateways charge While the taker/maker fees are not high, the more frequently you trade, the more it costs If you are trading using small amounts, say, Rs 1,000, and earn Rs 35 on it within a day, you could be paying more than 50% of that as deposit+withdrawal charges and maker/taker fee in many cases *** Giving in to the current buzz around cryptocurrencies,...