What are the fees associated with using bank transfer payment for buying or selling cryptocurrencies?

1 answers

• Dec 20, 2021 · 3 years ago
  The fees associated with using bank transfer payment for buying or selling cryptocurrencies can vary depending on the bank and exchange you are using. Banks may charge a fee for the transfer itself, which can range from a flat fee to a percentage of the transaction amount. Cryptocurrency exchanges may also charge a fee for processing the transaction, which can vary between platforms. It's important to carefully review the fee structure of both your bank and the exchange to understand the total cost of using bank transfer payment. Additionally, consider alternative payment methods that may have lower fees, such as using a credit card or a peer-to-peer payment platform.
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