What is the impact of American Express international fees on buying and selling cryptocurrencies?

3 answers

• Dec 05, 2021 · 3 years ago
  When it comes to buying and selling cryptocurrencies, the impact of American Express international fees can be significant. These fees are typically charged for transactions made in foreign currencies or with merchants located outside of the cardholder's country. For cryptocurrency traders, this means that if they use American Express to purchase or sell cryptocurrencies on an international exchange, they may be subject to additional fees. These fees can vary depending on the specific terms and conditions of the cardholder's American Express card, but they can add up and affect the overall profitability of the transactions.
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• Dec 05, 2021 · 3 years ago
  American Express international fees can have a negative impact on the buying and selling of cryptocurrencies. These fees can increase the cost of transactions and reduce the overall profitability for users. It's important for cryptocurrency traders to consider these fees when choosing a payment method for their transactions. There are alternative payment methods available that may have lower or no international fees, which can help minimize the impact on the profitability of buying and selling cryptocurrencies.
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• Dec 05, 2021 · 3 years ago
  As a representative of BYDFi, a digital currency exchange, I can provide some insights into the impact of American Express international fees on buying and selling cryptocurrencies. While BYDFi does not directly support American Express as a payment method, we understand that some users may choose to use their American Express cards for transactions. In such cases, it's important for users to be aware of the potential fees involved and consider whether the convenience of using American Express outweighs the additional costs. It's always recommended to compare different payment methods and choose the one that offers the best overall value for buying and selling cryptocurrencies.
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