Crypto trades are charged a markup/ markdown of up to 1.25% on crypto transactions. The markup is added to the market price from the exchange, and SoFi submits a market order trade.
- Buy - When you purchase Crypto, you will receive 98.75% of the purchase in Crypto and 1.25% will be the markup
- Example: Buy $100 USD of crypto - 1.25% mark-up = $98.75 of crypto coin
- Sell - When you sell Crypto, you will receive 98.75% of the proceeds in dollars and 1.25% will be the markdown
- Example: Sell $100 USD of crypto coin - 1.25% mark-down = $98.75 USD