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Are there any fees associated with using Wise (ACH) to purchase cryptocurrencies?

avatarUmang BasuthkarDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved when using Wise (ACH) to buy cryptocurrencies? I'm interested in using Wise as a payment method, but I want to make sure I understand all the costs associated with it.

Are there any fees associated with using Wise (ACH) to purchase cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using Wise (ACH) to purchase cryptocurrencies. Wise charges a fee for each transaction, which is typically a percentage of the total amount being transferred. Additionally, there may be fees charged by the cryptocurrency exchange or platform you are using to buy the cryptocurrencies. It's important to check the fee structure of both Wise and the exchange before making any transactions to understand the total cost involved.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When using Wise (ACH) to buy cryptocurrencies, you can expect to pay fees. These fees can vary depending on the amount being transferred and the specific cryptocurrency exchange you are using. It's always a good idea to compare the fees of different payment methods and exchanges to find the most cost-effective option for your needs.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using Wise (ACH) to purchase cryptocurrencies. However, the fees can vary depending on the specific cryptocurrency exchange or platform you are using. Some exchanges may charge a flat fee per transaction, while others may charge a percentage of the total amount being transferred. It's important to research and compare the fee structures of different exchanges to find the most affordable option for your cryptocurrency purchases. BYDFi, for example, offers competitive fees for Wise (ACH) transactions, making it a popular choice among users.