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What are the fees associated with wire transfers on cryptocurrency exchanges?

avatarMohd SubhanDec 18, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees associated with wire transfers on cryptocurrency exchanges? I would like to know the different types of fees, their amounts, and if there are any additional charges involved.

What are the fees associated with wire transfers on cryptocurrency exchanges?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    At BYDFi, wire transfer fees are determined based on the amount being transferred. For transfers below $1,000, the fee is 0.5% of the transfer amount. For transfers above $1,000, the fee is 1% of the transfer amount. These fees cover the costs associated with processing the wire transfer and ensuring its security. It's important to note that additional fees may apply if the wire transfer involves currency conversion or passes through intermediary banks. We strive to provide transparent and competitive fee structures for our users to ensure a seamless wire transfer experience.