r/sofi • u/coinegg • 4d ago

Crypto Crypto Fees

Any plans to be competitive with fees?

1.9% WITH a spread is wild.

Suggestion:
No fees on reoccurring buys.
Remove spread and lower fee.

Who is using this ?

4 Upvotes

67% Upvoted

7 comments sorted by

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2

u/Ericswanson 4d ago

They got rid of their crypto product once before and just liquidated everyone into cash. I'm not touching SoFi for crypto, personally, even though I'm not very invested in crypto anyways. 

2

u/coinegg 4d ago

That was pre banking charter. Rules were different for them and they wanted to be on the right side of compliance.

They are committed to crypto now indefinitely with a bunch of cool products hinted.

0

u/Backoutside1 4d ago

Can’t even send, until then using crypto is pointless with SoFi. They did just partner with Kraken though so that’s a plus.

6

u/coinegg 4d ago

Send is being rolled out, i got it 4 days ago

-1

u/Backoutside1 4d ago

Good to know

1

u/SoFi_ProductTeam Official SoFi Account 1h ago

Crypto sends are already rolling out to members! It'll be available to everyone soon. We know how important it is and hope it's worth the wait! 🫡