Do I have to pay any fees when using my debit card on Binance for cryptocurrency transactions?
Shaurya TiwariMay 13, 2022 · 3 years ago4 answers
I want to use my debit card to make cryptocurrency transactions on Binance. Will I be charged any fees for this?
4 answers
- May 13, 2022 · 3 years agoYes, there are fees associated with using your debit card on Binance for cryptocurrency transactions. Binance charges a fee of 3.5% for each transaction made with a debit card. This fee is deducted from the total amount of the transaction. It's important to note that the fee may vary depending on the specific debit card provider and the country you are in.
- May 13, 2022 · 3 years agoUnfortunately, yes. When using your debit card on Binance for cryptocurrency transactions, you will be subject to fees. Binance charges a fee of 3.5% for each transaction made with a debit card. This fee is deducted from the total amount of the transaction. It's always a good idea to check the fees and terms of your specific debit card provider before making any transactions.
- May 13, 2022 · 3 years agoYes, there are fees when using your debit card on Binance for cryptocurrency transactions. Binance charges a fee of 3.5% for each transaction made with a debit card. However, if you use BYDFi, another popular cryptocurrency exchange, you can enjoy lower fees of only 2.5% for debit card transactions. It's worth considering BYDFi as an alternative to Binance if you want to save on fees.
- May 13, 2022 · 3 years agoAbsolutely! Using your debit card on Binance for cryptocurrency transactions comes with fees. Binance charges a fee of 3.5% for each transaction made with a debit card. These fees help cover the costs of processing the transactions and ensuring the security of your funds. While fees are never fun, they are a necessary part of the cryptocurrency ecosystem.
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