What are the fees associated with using Citibank's ACH payment service for buying or selling cryptocurrencies?

3 answers

• Kishan AcharyaJun 11, 2021 · 4 years ago
  Citibank's ACH payment service charges a fee of 1.5% for buying or selling cryptocurrencies. This fee is relatively competitive compared to other payment methods such as credit cards or wire transfers. However, it's important to note that there may be additional charges depending on the specific cryptocurrency being traded. Users should also be aware of any potential hidden fees, such as transaction fees or network fees, which can vary depending on the current market conditions.
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• M ⷶ ᷤ ͧ ͩ H ⷶ ᷤ ⷶ ᷠSep 11, 2024 · 10 months ago
  When using Citibank's ACH payment service for buying or selling cryptocurrencies, you can expect to pay a fee of 1.5%. This fee is generally in line with industry standards and is comparable to fees charged by other major banks. However, it's always a good idea to compare fees across different payment methods to ensure you're getting the best deal. Additionally, keep in mind that there may be other fees associated with cryptocurrency transactions, such as network fees or miner fees, which are not specific to Citibank's ACH payment service.
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• Anwar BishirNov 08, 2020 · 5 years ago
  As an expert in the field, I can confirm that Citibank's ACH payment service charges a fee of 1.5% for buying or selling cryptocurrencies. This fee is competitive compared to other payment methods and is a standard practice in the industry. However, it's important for users to be aware of any additional charges or hidden fees that may apply. It's always a good idea to read the terms and conditions carefully and compare fees across different platforms to make an informed decision.
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