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What are the fees associated with buying crypto using American Express?

avatarMarcel LetschertNov 28, 2021 · 3 years ago3 answers

Can you tell me about the fees that are involved when purchasing cryptocurrency using American Express? I would like to know the costs associated with using this payment method to buy digital currencies.

What are the fees associated with buying crypto using American Express?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    When buying crypto using American Express, there are usually fees involved. These fees can vary depending on the platform or exchange you are using. Some exchanges may charge a flat fee for each transaction, while others may charge a percentage of the transaction amount. It's important to check the fee structure of the specific platform you are using before making a purchase. Additionally, American Express may also charge their own fees for using their credit card to buy cryptocurrency. These fees can include foreign transaction fees or cash advance fees. It's recommended to review the terms and conditions of your American Express card to understand any potential fees that may apply.
  • avatarNov 28, 2021 · 3 years ago
    Buying crypto with American Express can come with fees. The fees can differ from platform to platform, so it's essential to do your research before making a purchase. Some exchanges may charge a fixed fee for each transaction, while others may charge a percentage of the total transaction amount. Additionally, American Express may also have their own fees for using their credit card to buy cryptocurrency. These fees can include foreign transaction fees or cash advance fees. Make sure to read the fine print and understand all the fees associated with using American Express to buy crypto.
  • avatarNov 28, 2021 · 3 years ago
    When it comes to buying crypto using American Express, there are fees involved. These fees can vary depending on the exchange or platform you choose. For example, at BYDFi, there is a 1% fee for buying crypto with American Express. However, it's important to note that fees can change over time, so it's always a good idea to check the latest fee structure before making a purchase. Additionally, American Express may also have their own fees for using their credit card to buy cryptocurrency. These fees can include foreign transaction fees or cash advance fees. It's recommended to review the terms and conditions of your American Express card to understand any potential fees that may apply.