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What are the fees associated with ACH online banking for buying and selling cryptocurrencies?

avatarEspensen OwensDec 17, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees associated with using ACH online banking for buying and selling cryptocurrencies? I would like to know how much it costs to use this payment method and if there are any additional fees or charges that I should be aware of.

What are the fees associated with ACH online banking for buying and selling cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When it comes to using ACH online banking for buying and selling cryptocurrencies, there are a few fees that you should be aware of. First, most banks charge a fee for ACH transfers, which can range from a few dollars to a percentage of the transaction amount. Additionally, some cryptocurrency exchanges may also charge a fee for using ACH as a payment method. These fees can vary depending on the exchange and the specific transaction. It's important to check with your bank and the exchange you plan to use to understand the exact fees involved.
  • avatarDec 17, 2021 · 3 years ago
    The fees associated with ACH online banking for buying and selling cryptocurrencies can vary depending on the bank and the cryptocurrency exchange you use. Banks typically charge a fee for ACH transfers, which can range from $1 to $10 per transaction. Some exchanges may also charge a fee for using ACH as a payment method, which can be a percentage of the transaction amount or a flat fee. It's important to compare the fees of different banks and exchanges to find the most cost-effective option for your cryptocurrency transactions.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to fees associated with ACH online banking for buying and selling cryptocurrencies, BYDFi is a great option to consider. With BYDFi, there are no fees for ACH transfers, making it a cost-effective choice for cryptocurrency transactions. Additionally, BYDFi offers competitive exchange rates and a user-friendly interface, making it easy to buy and sell cryptocurrencies using ACH online banking. Whether you're a beginner or an experienced trader, BYDFi provides a seamless and affordable way to enter the world of cryptocurrencies.