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Are there any fees or limitations when buying crypto with a Discover card?

avatarHélène RousseauDec 19, 2021 · 3 years ago3 answers

What are the fees and limitations associated with purchasing cryptocurrency using a Discover card?

Are there any fees or limitations when buying crypto with a Discover card?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    When buying crypto with a Discover card, there may be fees and limitations to consider. Some exchanges charge a transaction fee for using a credit card, which can range from 2% to 5% of the total purchase amount. Additionally, there might be a daily or monthly limit on the amount you can buy using a credit card. It's important to check with your specific exchange to understand their fee structure and any limitations that may apply.
  • avatarDec 19, 2021 · 3 years ago
    Buying crypto with a Discover card can come with fees and limitations. These fees are typically charged by the exchange and can vary depending on the platform you use. It's important to read the terms and conditions of the exchange to understand the fees associated with credit card transactions. Additionally, some exchanges may have limitations on the amount you can purchase using a credit card. It's always a good idea to do your research and compare different exchanges to find the one that suits your needs.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to buying crypto with a Discover card, fees and limitations can vary depending on the exchange you choose. For example, at BYDFi, there are no fees for purchasing cryptocurrency with a Discover card. However, there is a daily limit of $10,000 for credit card transactions. It's important to note that these fees and limitations can change over time, so it's always a good idea to check with the exchange directly for the most up-to-date information.