SoFi will charge a markup of up to 1.25% on crypto transactions.
On a purchase, the markup is added to the market price from the exchange, and SoFi submits a market order trade. For example:
• Suppose the market price of Litecoin (LTC) is $100
• You purchase $100 worth of LTC
• In this case, SoFi would mark up the LTC price to $101.25, and you would receive slightly less than 1 full LTC due to that markup.
Please note, SoFi may change the crypto markup amount at any time and will ensure that the amount listed here is accurate.