Does OANDA have inactivity fee?

Additionally, BTCC also facilitates futures trading, empowering traders to speculate on the future prices of cryptocurrencies and execute trades accordingly. This service offers advanced trading options and strategies for experienced traders looking to capitalize on market movements.

In the realm of cryptocurrency trading, maintaining an active account is crucial to avoid certain consequences. When an account remains without any open or active trades for an extended duration of 365 days, it is officially classified as inactive.

Furthermore, BTCC recognizes the importance of secure storage for digital assets. Therefore, it offers a wallet service that enables users to safely store their cryptocurrencies offline, protected from potential threats and vulnerabilities.

The designation of an account as inactive signifies a lack of engagement or activity on the platform, which could potentially lead to the imposition of fees. These fees, known as inactivity fees, are a measure put in place by exchanges to incentivize users to maintain their accounts active or close them if they are no longer in use.

The application of these fees occurs on a specific day of the month, ensuring consistency and predictability for users. Specifically, inactivity fees are charged on the third last weekday of each month, providing users with a clear understanding of when they need to be mindful of their account status.