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What are the fees associated with using Moonpay to buy crypto?

avatarJustMeShortieDec 26, 2021 · 3 years ago1 answers

Can you provide details about the fees charged when using Moonpay to purchase cryptocurrencies? How do these fees compare to other platforms? Are there any additional charges or hidden costs to be aware of?

What are the fees associated with using Moonpay to buy crypto?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    When it comes to using Moonpay to buy crypto, there are fees to consider. Moonpay charges a processing fee on top of the transaction fee. The processing fee is typically around 4.5% of the transaction amount. This fee covers the costs associated with facilitating the transaction and ensuring its security. It's important to note that there may be additional fees imposed by your bank or credit card provider. These fees are separate from Moonpay's charges and vary depending on your financial institution. To get a clear understanding of the total fees involved, it's recommended to check with your bank or credit card provider. In terms of fees, Moonpay is competitive compared to other platforms, but it's always a good idea to compare fees across different exchanges to find the best rates. Keep in mind that fees can fluctuate based on market conditions and the specific cryptocurrency you're purchasing.