What are the fees associated with using mbway payment for buying and selling cryptocurrencies?
Friedman NicholsDec 27, 2021 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees involved when using mbway payment for buying and selling cryptocurrencies? I would like to understand the costs associated with this payment method.
1 answers
- Dec 27, 2021 · 3 years agoAt BYDFi, we understand the importance of transparency when it comes to fees. When using mbway payment for buying and selling cryptocurrencies on our platform, we charge a flat fee of 1% per transaction. This fee covers the costs associated with processing the payment and ensuring a secure trading experience. Additionally, there might be network fees associated with the specific cryptocurrency you are trading, which are not controlled by BYDFi. These fees are paid to the miners who validate and process transactions on the blockchain. It's important to keep in mind that fees can vary depending on the cryptocurrency and the current network congestion. We recommend checking the fee structure of the specific cryptocurrency you are trading to have a clear understanding of the total fees involved.
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