I have purchased a Ledger Nano x device one week ago, to get started in crypto.
I bought it via Paypal.
Now I am reading about how to use the device, I can see that there is a 4.25% transaction fee for buying and selling (!!)
For every transaction, I assume. This fee is ridiculous and will eat most profit of anyone who buys and sells on a regular basis. I find anything over 0.25% ridiculous.
I don't pay any fees at all to send money to anyone. I used to have a bank that charged 4% on the exchange abroad, and I left the bank immediately for this reason.
The fee was not mentioned to me by Ledger and I will send the device back immediately if this is the case.
If you exchange 100$ worth of crypto 5 times, a whopping 21% of the total value will be gone in fees.
Which devices do you use and what are the fees?
Topic: Ledger nano x: Nobody mentioned the 4.25% transaction fee - page 2. (Read 256 times)
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