What are the fees associated with using Monzo for buying and selling cryptocurrencies?

1 answers

• May 11, 2022 · 3 years ago
  As a representative of BYDFi, I can provide information on the fees associated with using Monzo for buying and selling cryptocurrencies. Monzo charges a transaction fee of 1.5% for each cryptocurrency transaction. This fee is applied to the total value of the transaction and covers all costs associated with the transaction, including network fees and processing fees. While Monzo's fees may be slightly higher compared to other exchanges, it's important to consider the convenience and ease of use that Monzo offers. Additionally, there are no hidden fees or charges, and the transaction fee is clearly displayed before you confirm the transaction. Overall, Monzo provides a reliable platform for buying and selling cryptocurrencies with transparent fees.
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