Are there any fees when buying BTC with a Discover Card?

3 answers

• Mar 07, 2022 · 3 years ago
  When buying BTC with a Discover Card, it's important to consider the fees involved. While some exchanges may charge a fee for using a credit card, others may offer fee-free transactions. It's recommended to check with the specific exchange you plan to use to determine their fee structure. Additionally, keep in mind that Discover Card may charge cash advance fees for cryptocurrency purchases, as they may consider it as a cash equivalent transaction. It's advisable to review your card's terms and conditions or contact Discover Card customer service for more information.
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• Mar 07, 2022 · 3 years ago
  Buying BTC with a Discover Card can come with fees, depending on the exchange you use. Some exchanges charge a percentage-based fee on credit card transactions, while others may have a fixed fee. It's important to compare the fee structures of different exchanges to find the most cost-effective option. Additionally, be aware that Discover Card may classify cryptocurrency purchases as cash advances, which can incur higher interest rates and fees. It's recommended to review your card's terms and conditions or contact Discover Card for specific details on fees.
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• Mar 07, 2022 · 3 years ago
  At BYDFi, we strive to provide a seamless and transparent experience for buying BTC with a Discover Card. We do not charge any additional fees for credit card transactions. However, it's important to note that Discover Card may classify cryptocurrency purchases as cash advances, which could result in cash advance fees and higher interest rates. We recommend checking with Discover Card for more information on their fee structure and terms regarding cryptocurrency transactions.
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