Are there any hidden fees when using Mastercard for buying or selling cryptocurrencies?

3 answers

• MOHAMMED MARKIKJul 21, 2020 · 5 years ago
  Yes, there can be hidden fees when using Mastercard for buying or selling cryptocurrencies. Some exchanges may charge additional fees for using credit cards as a payment method. It's important to carefully read the terms and conditions of the exchange you're using to understand if there are any hidden fees associated with using Mastercard. Additionally, Mastercard itself may charge foreign transaction fees if you're using your card to purchase cryptocurrencies from an exchange located outside of your country. It's always a good idea to check with your bank or credit card provider to understand their specific fees and policies regarding cryptocurrency transactions.
  672

  336
• Collins AnusieJul 02, 2022 · 3 years ago
  Absolutely! When you use Mastercard for buying or selling cryptocurrencies, there can be hidden fees that you need to watch out for. Some exchanges may add a percentage-based fee on top of your transaction amount when you use a credit card. This fee can vary from exchange to exchange, so it's important to compare different platforms and choose one that offers transparent fee structures. Additionally, keep in mind that Mastercard may charge foreign transaction fees if you're making a purchase from an exchange located outside of your country. Make sure to check with your bank or credit card provider to understand the fees associated with using Mastercard for cryptocurrency transactions.
  693

  231
• Avery SecristMay 23, 2024 · a year ago
  Yes, there can be hidden fees when using Mastercard for buying or selling cryptocurrencies. However, at BYDFi, we strive to provide a transparent and fee-friendly platform for our users. We do not charge any hidden fees when you use Mastercard to buy or sell cryptocurrencies on our exchange. Our fee structure is clearly outlined on our website, and we aim to offer competitive rates to ensure a seamless trading experience for our users. If you have any specific questions about fees or our platform, feel free to reach out to our customer support team.
  555

  139