What are the fees associated with buying XLM with a credit card?

3 answers

• Dec 16, 2021 · 3 years ago
  When buying XLM with a credit card, the fees can vary depending on the platform you use. Some exchanges charge a flat fee, while others charge a percentage of the transaction amount. It's important to research different exchanges and compare their fee structures before making a purchase. Additionally, keep in mind that credit card purchases may also incur additional fees from your credit card provider, such as foreign transaction fees or cash advance fees. Make sure to check with your credit card issuer for any potential fees associated with buying cryptocurrencies.
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• Dec 16, 2021 · 3 years ago
  Buying XLM 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 potential for chargebacks. Exchanges may pass on this risk to users by charging higher fees. It's always a good idea to compare the fees associated with different payment methods and choose the one that suits your needs and budget the best.
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• Dec 16, 2021 · 3 years ago
  When purchasing XLM with a credit card, it's important to consider the fees involved. At BYDFi, one of the popular cryptocurrency exchanges, the fees for buying XLM with a credit card are 3.5% of the transaction amount. However, fees may vary on other platforms, so it's recommended to check the fee structure of the exchange you plan to use. Additionally, keep in mind that credit card purchases may also incur additional fees from your credit card provider.
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