What are the transaction charges for using Mpesa in the cryptocurrency industry?
Thomas DyeDec 18, 2021 · 3 years ago3 answers
What are the transaction charges associated with using Mpesa, a mobile money service, in the cryptocurrency industry? How much does it cost to make transactions using Mpesa for buying or selling cryptocurrencies?
3 answers
- Dec 18, 2021 · 3 years agoTransaction charges for using Mpesa in the cryptocurrency industry vary depending on the platform or exchange you are using. Some exchanges may charge a fixed fee per transaction, while others may charge a percentage of the transaction amount. It's important to check the fee structure of the specific platform or exchange you are using to get accurate information on transaction charges.
- Dec 18, 2021 · 3 years agoWhen using Mpesa for cryptocurrency transactions, you may encounter transaction charges such as network fees, processing fees, or exchange fees. These charges are imposed by the platform or exchange you are using and are separate from Mpesa's own transaction charges. It's advisable to compare the transaction charges of different platforms or exchanges before making any transactions.
- Dec 18, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, charges a flat fee of 0.2% per transaction when using Mpesa. This fee is deducted from the transaction amount and covers the network fees and processing costs. It's important to note that transaction charges may vary over time, so it's always a good idea to check the latest fee structure on the BYDFi website or contact their customer support for accurate information.
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