RankFi Study Reveals Disparities in Canadian Cryptocurrency Exchange Fees

RankFi, an unaffiliated comparison platform, has recently published its most recent research on cryptocurrency exchange charges, exposing significant cost variations among 18 Canadian trading venues. The thorough examination strives to aid digital asset investors in locating the most advantageous deals for purchasing and selling Bitcoin within Canada.

The investigation pinpointed two primary obstacles encountered by digital asset investors: elevated charges that diminish profits and the daunting task of evaluating numerous venues. RankFi's assessment furnishes essential insights into where individuals can uncover the most economically feasible cryptocurrency platforms.

Key Discoveries from the Research Include:

• The mean all-in cost for acquiring Bitcoin throughout the 18 Canadian exchanges stood at 1.90%, while the vending charge averaged 2.13%.
• Charges displayed notable discrepancies, with the most cost-effective alternative being 19 times less expensive than the priciest for all-in sales fees.
• Despite the average transaction fee amounting to 0.72%, transaction fees solely do not mirror the complete expense. Notably, none of the venues offering 0% transaction fees emerged as the least expensive for purchasing Bitcoin.

RankFi's Founder, Alex, remarked, "Digital asset investors often encounter exorbitant fees that can corrode their earnings. Our investigation is structured to illuminate where Canadians can locate superior bargains." This represents RankFi's fourth annual assessment, accentuating the fee differentials among platforms.

About RankFi

RankFi is an evaluation portal delivering extensive analyses and appraisals of cryptocurrency platforms worldwide. The primary objective is to present lucid, impartial information to facilitate digital asset investors in identifying the optimal platforms for their prerequisites.

For additional details, individuals can explore RankFi.com.