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Are there any alternative payment methods to credit cards on Fidelity that don't incur high international fees for buying cryptocurrencies?

avatarFoster LindholmDec 27, 2021 · 3 years ago3 answers

I am interested in buying cryptocurrencies on Fidelity, but I want to avoid the high international fees associated with using credit cards. Are there any alternative payment methods available on Fidelity that don't incur these high fees?

Are there any alternative payment methods to credit cards on Fidelity that don't incur high international fees for buying cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are alternative payment methods available on Fidelity that don't incur high international fees for buying cryptocurrencies. One option is to use a bank transfer or wire transfer to fund your Fidelity account. This method usually has lower fees compared to credit cards, especially for international transactions. Another option is to use a digital payment service like PayPal or Skrill, which may offer lower fees for international transactions. It's important to check with Fidelity and the payment service provider for any applicable fees and restrictions.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! If you want to avoid high international fees when buying cryptocurrencies on Fidelity, you have a few options. One option is to use a cryptocurrency exchange that supports direct bank transfers, such as Coinbase or Binance. By transferring funds from your bank account to the exchange, you can avoid the high fees associated with credit cards. Another option is to use a peer-to-peer trading platform like LocalBitcoins or Paxful, where you can find sellers who accept alternative payment methods like PayPal or Venmo. Just make sure to do your research and choose a reputable seller.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are alternative payment methods available on Fidelity that don't incur high international fees for buying cryptocurrencies. BYDFi, a popular cryptocurrency exchange, offers a variety of payment options including bank transfers, PayPal, and even cryptocurrency deposits. These alternative payment methods can help you avoid the high fees associated with credit cards. However, it's important to note that fees and availability may vary depending on your location and the specific cryptocurrency you want to purchase. It's always a good idea to check with Fidelity or BYDFi for the most up-to-date information on payment methods and fees.