How can I avoid high international fees when using a credit card to purchase digital currencies on Fidelity?

6 answers

• Feb 18, 2022 · 3 years ago
  One way to avoid high international fees when using a credit card to purchase digital currencies on Fidelity is to use a local exchange instead. By using a local exchange, you can avoid the additional fees associated with international transactions. Additionally, some local exchanges may offer lower fees compared to Fidelity. It's important to do your research and compare the fees and rates offered by different exchanges before making a decision.
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• Feb 18, 2022 · 3 years ago
  Another option to avoid high international fees is to use a debit card instead of a credit card. Debit cards often have lower fees for international transactions compared to credit cards. You can link your debit card to your Fidelity account and use it to purchase digital currencies without incurring high fees. Just make sure to check with your bank about any potential fees or restrictions for using your debit card for cryptocurrency transactions.
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• Feb 18, 2022 · 3 years ago
  At BYDFi, we understand the concerns about high international fees when purchasing digital currencies. That's why we offer a solution that allows you to avoid these fees. With BYDFi, you can use a local bank transfer to fund your account and purchase digital currencies without incurring high international fees. Our platform is designed to provide a seamless and cost-effective experience for users. Give BYDFi a try and see how you can save on international fees when buying digital currencies.
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• Feb 18, 2022 · 3 years ago
  To avoid high international fees when using a credit card on Fidelity, you can also consider using a peer-to-peer exchange. Peer-to-peer exchanges connect buyers and sellers directly, eliminating the need for international transactions and associated fees. Platforms like LocalBitcoins or Paxful allow you to find sellers in your local area and complete the transaction in person or through a local bank transfer. This can help you avoid high fees and potentially get a better exchange rate.
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• Feb 18, 2022 · 3 years ago
  If you prefer to use Fidelity for purchasing digital currencies and want to avoid high international fees, you can consider using a virtual credit card. Virtual credit cards are temporary, disposable cards that can be used for online transactions. Some virtual credit card providers offer the option to create cards with specific country settings, allowing you to bypass international fees. Just make sure to check the terms and conditions of the virtual credit card provider and ensure they support cryptocurrency transactions.
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• Feb 18, 2022 · 3 years ago
  When using a credit card to purchase digital currencies on Fidelity, it's important to be aware of the potential fees involved. Some credit cards may charge a foreign transaction fee, which can add up quickly. To avoid these fees, you can contact your credit card issuer and inquire about any international fee waivers or credit cards specifically designed for international transactions. Additionally, consider using a credit card that offers rewards or cashback on cryptocurrency purchases to offset any fees that may be incurred.
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