Cryptocurrency Q&A
What fees does Prosper charge?
What fees does Prosper charge?
Giulia
Wed Sep 18 2024
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8 answers
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Can you elaborate on the various fees that Prosper imposes on its users? Are there any upfront costs or ongoing charges that borrowers and lenders should be aware of? Additionally, are there any penalties for late payments or early withdrawals? It would be helpful to have a clear breakdown of these expenses to make an informed decision about using Prosper's platform.
8 answers
Dreamchaser
Fri Sep 20 2024
These services include spot trading, where users can buy and sell cryptocurrencies at current market prices.
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CryptoChampion
Fri Sep 20 2024
Therefore, borrowers do not need to worry about additional charges beyond the stated APR.
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Giulia
Fri Sep 20 2024
The Origination Fee for loans on Prosper is determined as a percentage of the total amount borrowed.
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EthereumElite
Fri Sep 20 2024
The Origination Fee is only payable if the borrower successfully receives the loan amount.
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Maria
Fri Sep 20 2024
This fee ranges from 1% to 9.99%, varying based on the Prosper Rating assigned to the borrower.
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