What are the fees involved when buying crypto with a debit card?

3 answers

• Jan 03, 2022 · 3 years ago
  When buying crypto with a debit card, there are typically three types of fees involved: transaction fees, conversion fees, and card fees. Transaction fees are charged by the cryptocurrency exchange or platform for processing the transaction. These fees can vary depending on the exchange and the amount of crypto being purchased. Conversion fees are charged when you use your debit card to buy crypto in a different currency. These fees are usually a percentage of the transaction amount and can vary depending on the exchange. Card fees are charged by your debit card provider for using your card to make the purchase. These fees can include foreign transaction fees or fees for using your card for online purchases. It's important to check with your card provider to understand the specific fees associated with buying crypto with your debit card.
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• Jan 03, 2022 · 3 years ago
  Buying crypto with a debit card can come with several fees. First, there may be a transaction fee charged by the exchange you are using. This fee is typically a percentage of the transaction amount. Additionally, if you are buying crypto in a different currency, there may be a conversion fee applied by your card issuer. This fee is usually a percentage of the transaction amount as well. Lastly, your card issuer may charge foreign transaction fees or other fees for using your card for online purchases. It's important to review the terms and conditions of your debit card and the exchange you are using to understand the specific fees involved.
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• Jan 03, 2022 · 3 years ago
  When buying crypto with a debit card, you may encounter various fees. These fees can include transaction fees, conversion fees, and card fees. Transaction fees are charged by the exchange or platform facilitating the purchase. Conversion fees may apply if you are buying crypto in a different currency than your debit card's native currency. Card fees can include foreign transaction fees or fees for using your card for online purchases. It's advisable to compare different exchanges and card providers to find the most cost-effective option for buying crypto with a debit card.
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