What are the fees associated with using ACH for cryptocurrency transactions?

3 answers

• Dec 17, 2021 · 3 years ago
  When using ACH for cryptocurrency transactions, there are typically two types of fees involved. The first type of fee is charged by the cryptocurrency exchange or platform you are using. These fees can vary depending on the platform and can include transaction fees, withdrawal fees, and deposit fees. The second type of fee is charged by your bank for processing the ACH transaction. Banks usually charge a small fee for ACH transactions, but the exact amount can vary depending on your bank and the specific transaction. It's important to check with your bank and the cryptocurrency exchange or platform to understand the fees associated with using ACH for cryptocurrency transactions.
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• Dec 17, 2021 · 3 years ago
  ACH fees for cryptocurrency transactions can vary depending on the platform you are using. Some platforms may charge a flat fee for ACH transactions, while others may charge a percentage of the transaction amount. Additionally, your bank may also charge a fee for processing ACH transactions. It's important to consider these fees when using ACH for cryptocurrency transactions and factor them into your overall transaction costs.
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• Dec 17, 2021 · 3 years ago
  At BYDFi, we understand that transparency is key when it comes to fees. When using ACH for cryptocurrency transactions on our platform, we charge a flat fee of 1% for each transaction. This fee covers the costs associated with processing the ACH transaction and ensures that your funds are securely transferred. We believe in providing our users with a seamless and cost-effective way to buy and sell cryptocurrencies using ACH.
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