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What are the fees associated with using a vanilla gift card to purchase cryptocurrencies on Coinbase?

avatarJexiiDec 29, 2021 · 3 years ago3 answers

I would like to know the fees associated with using a vanilla gift card to purchase cryptocurrencies on Coinbase. Can you provide me with detailed information about the fees involved?

What are the fees associated with using a vanilla gift card to purchase cryptocurrencies on Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When using a vanilla gift card to purchase cryptocurrencies on Coinbase, there are some fees that you need to be aware of. Coinbase charges a fee of 3.99% for purchases made with a debit or credit card. This fee is applied to the total amount of the transaction, including the value of the gift card. So, if you use a $100 vanilla gift card to purchase cryptocurrencies, you will be charged an additional $3.99. It's important to consider this fee when deciding whether to use a vanilla gift card or another payment method on Coinbase.
  • avatarDec 29, 2021 · 3 years ago
    Using a vanilla gift card to purchase cryptocurrencies on Coinbase comes with a fee of 3.99%. This fee is quite standard in the industry and is applied to the total amount of the transaction. So, if you use a $100 vanilla gift card, you will be charged an additional $3.99. It's worth noting that this fee is subject to change, so it's always a good idea to check Coinbase's website for the most up-to-date information on fees.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to using a vanilla gift card to purchase cryptocurrencies on Coinbase, there is a fee of 3.99%. This fee is applied to the total amount of the transaction, including the value of the gift card. So, if you use a $100 vanilla gift card, you will be charged an additional $3.99. Keep in mind that this fee is in line with industry standards and is necessary to cover the costs associated with processing the transaction. If you're looking to avoid fees, you may want to consider alternative payment methods on Coinbase.