Are there any fees associated with using a BlockFi credit card for buying cryptocurrencies?
Le KronborgDec 25, 2021 · 3 years ago3 answers
I'm considering using a BlockFi credit card to buy cryptocurrencies, but I'm concerned about any potential fees. Are there any fees associated with using a BlockFi credit card for buying cryptocurrencies? I want to make sure I understand the costs involved before making a decision.
3 answers
- Dec 25, 2021 · 3 years agoYes, there are fees associated with using a BlockFi credit card for buying cryptocurrencies. BlockFi charges a transaction fee of X% for each purchase made with the credit card. Additionally, there may be other fees such as foreign transaction fees or cash advance fees, depending on your card's terms and conditions. It's important to carefully review the fee structure before using the credit card for buying cryptocurrencies.
- Dec 25, 2021 · 3 years agoUsing a BlockFi credit card for buying cryptocurrencies does come with fees. The specific fees may vary depending on the card and the transaction. It's recommended to check the terms and conditions of your BlockFi credit card to understand the exact fees involved. Keep in mind that fees are a common aspect of using credit cards for purchasing cryptocurrencies, so it's important to consider them when making your decision.
- Dec 25, 2021 · 3 years agoWhen it comes to using a BlockFi credit card for buying cryptocurrencies, it's essential to understand the fees involved. BlockFi itself doesn't charge any fees for cryptocurrency purchases made with their credit card. However, it's important to note that third-party fees, such as network fees or fees imposed by the cryptocurrency exchange, may still apply. Make sure to check with the exchange you're using to understand their fee structure before making any transactions.
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