What are the foreign transaction fees for using Venmo with a debit card for cryptocurrency transactions?

3 answers

• Nov 27, 2021 · 3 years ago
  When using Venmo with a debit card for cryptocurrency transactions, it's important to consider the foreign transaction fees that may be involved. Venmo itself does not charge any specific fees for cryptocurrency transactions, but it's worth noting that Venmo is not designed for cryptocurrency trading. Therefore, the fees associated with using Venmo for cryptocurrency transactions may vary depending on the debit card issuer and the cryptocurrency exchange you are using. It's recommended to check with your debit card issuer and the cryptocurrency exchange for their respective fee structures.
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• Nov 27, 2021 · 3 years ago
  Foreign transaction fees for using Venmo with a debit card for cryptocurrency transactions can vary depending on the specific debit card and cryptocurrency exchange you are using. Some debit card issuers may charge a flat fee or a percentage of the transaction amount for foreign transactions, while others may not charge any additional fees. Similarly, cryptocurrency exchanges may have their own fee structures for transactions conducted through Venmo. It's advisable to review the terms and conditions of your debit card and the cryptocurrency exchange to understand the fees associated with using Venmo for cryptocurrency transactions.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a seamless integration with Venmo for cryptocurrency transactions. When using Venmo with a debit card on BYDFi, there are no foreign transaction fees imposed by BYDFi. However, it's important to note that the debit card issuer may still charge foreign transaction fees. It's recommended to check with your debit card issuer for their fee structure. BYDFi strives to provide a user-friendly and cost-effective platform for cryptocurrency transactions, and the integration with Venmo is just one of the many features that make BYDFi a preferred choice for cryptocurrency enthusiasts.
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