common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with using instant buy to purchase cryptocurrencies?

avatarRich CDec 27, 2021 · 3 years ago3 answers

When using instant buy to purchase cryptocurrencies, are there any fees that I need to be aware of? I'm interested in knowing if there are any additional charges or costs involved in the process.

Are there any fees associated with using instant buy to purchase cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with using instant buy to purchase cryptocurrencies. These fees can vary depending on the platform or exchange you are using. Some exchanges charge a flat fee per transaction, while others may charge a percentage of the total transaction amount. It's important to check the fee structure of the platform you are using before making a purchase to understand the costs involved.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! When you use instant buy to purchase cryptocurrencies, there are fees involved. These fees are typically charged by the exchange or platform you are using to facilitate the transaction. The fees can vary and may be based on a percentage of the transaction amount or a flat fee. It's always a good idea to review the fee structure of the platform you are using to understand the costs before making a purchase.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with using instant buy to purchase cryptocurrencies. For example, on BYDFi, there is a fee of 1.5% per transaction. This fee covers the costs of processing the transaction and ensuring the security of your funds. It's important to note that fees may vary depending on the platform or exchange you are using, so it's always a good idea to check the fee structure before making a purchase.