What fees are associated with using the Bitpay debit card for cryptocurrency purchases?

1 answers

• maddisonNov 09, 2022 · 3 years ago
  The Bitpay debit card for cryptocurrency purchases has a few fees associated with it. Firstly, there is an initial card issuance fee, which covers the cost of producing and shipping the card to you. This fee is a one-time payment and is deducted from your account balance when you order the card. Secondly, there is a monthly maintenance fee, which is charged to keep the card active and cover administrative costs. The amount of this fee may vary depending on your location and the type of card you have. Additionally, there is a transaction fee for each cryptocurrency purchase made using the card. This fee is typically a percentage of the transaction amount and is deducted from your account balance at the time of purchase. Lastly, if you use the card to withdraw cash from an ATM, there may be ATM withdrawal fees imposed by the ATM operator. These fees can vary depending on the ATM location and operator. It's important to review the terms and conditions provided by Bitpay to understand the specific fees associated with their debit card for cryptocurrency purchases.
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