Are there any fees or limits when buying crypto with a credit card in the US?

3 answers

• Nov 25, 2021 · 3 years ago
  Yes, there are usually fees associated with buying crypto with a credit card in the US. These fees can vary depending on the platform or exchange you use. It's important to check the fee structure before making a purchase to understand the cost involved. Some platforms may charge a percentage-based fee, while others may have a flat fee per transaction. Additionally, there may be limits on the amount you can purchase with a credit card. These limits are often in place to prevent fraud and protect users. It's best to check with the specific platform or exchange for their fee and limit policies before proceeding with a credit card purchase.
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• Nov 25, 2021 · 3 years ago
  Absolutely! When you buy crypto with a credit card in the US, you can expect to encounter fees. These fees can vary depending on the exchange or platform you choose. Some may charge a percentage of the transaction amount, while others may have a fixed fee. It's important to consider these fees when making your purchase, as they can impact the overall cost of acquiring cryptocurrency. Additionally, there may be limits on the amount you can buy with a credit card. These limits are often in place to prevent fraud and ensure the security of transactions. Make sure to check the specific platform's policies regarding fees and limits before proceeding with your credit card purchase.
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• Nov 25, 2021 · 3 years ago
  Yes, there are fees and limits when buying crypto with a credit card in the US. At BYDFi, for example, there is a fee of 3% for credit card purchases. This fee covers the processing costs associated with credit card transactions. As for limits, there is a daily limit of $10,000 and a monthly limit of $50,000 for credit card purchases. These limits are in place to comply with regulatory requirements and prevent fraudulent activities. It's important to note that fees and limits may vary depending on the platform or exchange you use, so it's always a good idea to check the specific policies before making a purchase.
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