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Are there any fees or limitations when buying bitcoin with Zelle?

avatarMcWilliams HolgersenDec 18, 2021 · 3 years ago3 answers

What are the fees and limitations associated with purchasing bitcoin using Zelle?

Are there any fees or limitations when buying bitcoin with Zelle?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When buying bitcoin with Zelle, there are generally no fees involved. Zelle is a peer-to-peer payment service that allows for instant transfers between bank accounts, so there are no additional charges for using it to buy bitcoin. However, it's important to note that your bank may have its own fees for transferring funds to and from your Zelle account. As for limitations, the availability of Zelle as a payment option for buying bitcoin may vary depending on the exchange or platform you're using. Some exchanges may not support Zelle as a payment method, while others may have certain restrictions or limits on the amount of bitcoin you can purchase using Zelle. It's always recommended to check with the specific exchange or platform for any fees or limitations before making a purchase.
  • avatarDec 18, 2021 · 3 years ago
    Buying bitcoin with Zelle is a convenient and cost-effective option. Unlike traditional payment methods, such as credit cards or wire transfers, Zelle transactions are typically free of charge. This means that you can buy bitcoin without having to worry about incurring any additional fees. However, it's worth noting that there may be limitations on the amount of bitcoin you can purchase using Zelle. Some exchanges or platforms may have daily or weekly limits in place to prevent fraud or money laundering. It's important to be aware of these limitations and plan your purchases accordingly.
  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, we offer the option to buy bitcoin with Zelle without any fees. Zelle is a popular payment service that allows for quick and easy transfers between bank accounts. When using Zelle to purchase bitcoin on our platform, you won't incur any additional charges. However, it's important to note that there may be limitations on the amount of bitcoin you can buy using Zelle. These limitations are in place to ensure the security and integrity of our platform. We recommend checking our website or contacting our customer support for more information on any fees or limitations associated with buying bitcoin using Zelle on BYDFi.