What are the fees associated with using payoneer or paxum to withdraw funds from a cryptocurrency exchange?
Cod AccountsDec 26, 2021 · 3 years ago3 answers
Can you provide information on the fees that are charged when using payoneer or paxum to withdraw funds from a cryptocurrency exchange?
3 answers
- Dec 26, 2021 · 3 years agoWhen using payoneer or paxum to withdraw funds from a cryptocurrency exchange, you may encounter various fees. These fees can include withdrawal fees, currency conversion fees, and transaction fees. It is important to check with the specific cryptocurrency exchange and payment service provider for the exact fee structure. Additionally, fees may vary depending on the amount being withdrawn and the location of the user. It is advisable to compare the fees of different payment service providers before making a withdrawal to ensure you choose the most cost-effective option.
- Dec 26, 2021 · 3 years agoWithdrawal fees associated with payoneer or paxum on cryptocurrency exchanges can vary. Some exchanges may charge a fixed fee per withdrawal, while others may charge a percentage of the withdrawal amount. Currency conversion fees may also apply if the withdrawal is in a different currency than the account's base currency. It is recommended to review the fee schedule provided by the cryptocurrency exchange and payment service provider to understand the specific fees associated with using payoneer or paxum for withdrawals.
- Dec 26, 2021 · 3 years agoAt BYDFi, the fees associated with using payoneer or paxum to withdraw funds from a cryptocurrency exchange are as follows: a flat withdrawal fee of $5 per transaction, a currency conversion fee of 2% for withdrawals in a different currency, and a transaction fee of 0.5% of the withdrawal amount. These fees are subject to change and it is recommended to visit the BYDFi website for the most up-to-date fee information. Please note that fees may vary for other cryptocurrency exchanges and payment service providers.
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