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What are the fees associated with buying BCH with a debit card?

avatarAishwariya KNov 23, 2021 · 3 years ago3 answers

I would like to know the fees involved when purchasing Bitcoin Cash (BCH) using a debit card. Can you provide a breakdown of the fees and any additional charges that may apply?

What are the fees associated with buying BCH with a debit card?

3 answers

  • avatarNov 23, 2021 · 3 years ago
    When buying BCH with a debit card, you may encounter several types of fees. Firstly, there might be a transaction fee charged by the exchange or platform you are using. This fee is usually a percentage of the transaction amount. Additionally, some exchanges may charge a convenience fee for using a debit card as a payment method. This fee is typically fixed and may vary between platforms. It's important to check the fee structure of the specific exchange you are using to get an accurate understanding of the charges involved.
  • avatarNov 23, 2021 · 3 years ago
    Buying BCH with a debit card can come with fees such as transaction fees and convenience fees. Transaction fees are charged by the exchange or platform you use and are usually a percentage of the transaction amount. Convenience fees, on the other hand, are fixed fees that some exchanges charge for the convenience of using a debit card. These fees can vary between platforms, so it's advisable to compare different exchanges to find the one with the most favorable fee structure for your needs.
  • avatarNov 23, 2021 · 3 years ago
    When purchasing BCH with a debit card, the fees can vary depending on the exchange or platform you use. Some exchanges may charge a transaction fee, which is a percentage of the transaction amount. Additionally, there might be a convenience fee for using a debit card as a payment method. It's important to note that these fees can differ between exchanges, so it's recommended to compare the fee structures of different platforms before making a purchase. BYDFi, for example, offers competitive fees for buying BCH with a debit card, making it a popular choice for many users.