Toronto, Canada, July twenty first, 2024, Chainwire
A brand new examine reveals some Canadian crypto platforms cost as much as 19x extra in charges
RankFi, an unbiased comparability platform, has launched its newest examine on cryptocurrency trade charges, highlighting substantial price variations amongst 18 Canadian buying and selling platforms. This complete evaluation goals to assist crypto buyers discover the most effective offers for purchasing and promoting in Canada.
The examine recognized two main challenges confronted by crypto buyers: excessive charges that scale back returns and the overwhelming activity of evaluating quite a few platforms. RankFi’s assessment supplies essential insights into the place customers can discover essentially the most cost-effective crypto platforms.
Key findings from the examine embrace:
- The common all-in charge to purchase Bitcoin throughout 18 Canadian exchanges was 1.90%, with the promoting charge averaging 2.13%.
- Charges assorted considerably, with the most affordable possibility being 19 instances cheaper than the most expensive for all-in promoting charges.
- Whereas the common buying and selling charge was 0.72%, buying and selling charges alone don’t mirror the full price. Notably, not one of the exchanges providing 0% buying and selling charges ranked as the most affordable for purchasing Bitcoin.
“Crypto buyers usually face excessive charges that may erode their returns. Our examine is designed to make clear the place Canadians can discover the most effective offers,” stated Alex, Founding father of RankFi. This marks RankFi’s fourth annual assessment, underscoring the charge discrepancies between platforms.
About RankFi
RankFi is a comparability website providing detailed analyses and critiques of cryptocurrency platforms worldwide. Our mission is to offer clear, unbiased info to assist crypto buyers discover the most effective platforms for his or her wants.
For extra info, customers can go to RankFi.com.
ContactAlex DabekRankFihiya@rankfi.com
This text was initially printed on Chainwire
