What are the fees and limits when buying bitcoin with a credit card?

3 answers

• Nov 28, 2021 · 3 years ago
  When buying bitcoin with a credit card, the fees and limits can vary depending on the exchange or platform you use. Some exchanges charge a flat fee, while others charge a percentage of the transaction amount. It's important to check the fee structure of the exchange you plan to use before making a purchase. As for limits, exchanges often have different levels of verification that determine the maximum amount you can buy with a credit card. Higher verification levels usually come with higher limits. Keep in mind that fees and limits can change over time, so it's always a good idea to check the latest information before making a purchase.
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• Nov 28, 2021 · 3 years ago
  Buying bitcoin with a credit card usually incurs higher fees compared to other payment methods. This is because credit card transactions are considered higher risk due to the possibility of chargebacks. Exchanges and platforms that offer this option often pass on the higher risk to users in the form of higher fees. Additionally, there may be additional fees imposed by your credit card provider, such as foreign transaction fees if the exchange is located in a different country. It's important to consider these fees when deciding whether to buy bitcoin with a credit card.
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• Nov 28, 2021 · 3 years ago
  When buying bitcoin with a credit card, BYDFi offers competitive fees and limits. The fees are based on a percentage of the transaction amount, and the limits depend on the verification level of your account. BYDFi provides a user-friendly interface and a seamless buying experience. However, it's always recommended to compare fees and limits across different exchanges to find the best option for your needs.
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