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Buying 30 different coins one by one is costly due to transaction fees, so investing in one coin that does this for me seems cheaper.
Hmm. I do not think that backing assets will be bought for each coin separately. Most likely, it will be provided by the creation of a pool of coins, or some stock of backing assets.In addition, buying and selling will be carried out on exchanges, therefore, it will not be a transaction fee, but an exchange fee.
But the question is really good! Let's wait for a response from Don.
Paying 0.25% exchange fee on 10 USD at once or over 30 transactions of 0.33 will result in the same fee at the end.
The bigger Issue is that it takes a lot of time and effort to be able to buy the top 30. Multiple wallet, multiple exchanges. With CombiCoin is just 1 transaction, 1 wallet, 1 exchange.
Sure, that makes sense indeed.
However, my question was about the exchange fees of the bi-monthly rebalancing. Bi-monthly rebalancing of 30 underlying crypto's just sounds like a costly operation to me due to exchange fees. What costs do you expect and haven't you considered rebalancing less often because of this?
