Toronto, Canada, July 21, 2024, Chainwire

A brand new research reveals that some Canadian cryptocurrency platforms are charging as much as 19 instances increased charges.

RankFi, an impartial comparability platform, has launched its newest research on cryptocurrency buying and selling charges, revealing vital price variations throughout 18 buying and selling platforms in Canada. This complete evaluation goals to assist crypto traders discover the very best offers for getting and promoting in Canada.

The survey revealed two main challenges going through crypto traders: excessive charges that eat into returns and the overwhelming activity of evaluating quite a few platforms. RankFi's evaluations present key insights into the place customers can discover essentially the most cost-effective cryptocurrency platforms.

Key findings from the survey embody:

• The common charge for getting Bitcoin throughout 18 Canadian exchanges was 1.90%, whereas the typical charge for promoting was 2.13%.
• Charges fluctuate broadly, with the most cost effective choice for all-in promoting charges being 19 instances cheaper than the most costly choice.
• The common buying and selling charge was 0.72%, nevertheless, buying and selling charges alone don’t mirror the overall price. It’s noteworthy that among the many exchanges providing 0% buying and selling charges, none have been ranked as the most cost effective trade to purchase Bitcoin.

“Crypto traders typically face excessive charges that may eat into their returns. Our survey goals to make clear the place Canadians can discover the very best offers,” stated RankFi founder Alex. That is RankFi's fourth annual survey, which highlights the distinction in charges between platforms.

About RankFi

RankFi is a comparability web site that gives in-depth evaluation and evaluations of cryptocurrency platforms from all over the world. Our mission is to supply clear, unbiased info to assist crypto traders discover the platform that most closely fits their wants.

For extra info, go to RankFi.com.

contactAlex DavekRank Combathi [email protected]

This text was first printed on Chainwire