Are there any alternative payment methods to credit cards on Fidelity that don't incur high international fees for buying cryptocurrencies?
Umman MammadovDec 25, 2021 · 3 years ago3 answers
I am interested in buying cryptocurrencies on Fidelity, but I want to avoid the high international fees associated with using credit cards. Are there any alternative payment methods available on Fidelity that don't incur these high fees?
3 answers
- Dec 25, 2021 · 3 years agoYes, there are alternative payment methods available on Fidelity that don't incur high international fees for buying cryptocurrencies. One option is to use a bank transfer or wire transfer to fund your Fidelity account. This method usually has lower fees compared to credit cards, especially for international transactions. Another option is to use a digital payment service like PayPal or Skrill, which may offer lower fees for international transactions. It's important to check with Fidelity and the payment service provider for any applicable fees and restrictions.
- Dec 25, 2021 · 3 years agoAbsolutely! If you want to avoid high international fees when buying cryptocurrencies on Fidelity, you have a few options. One option is to use a cryptocurrency exchange that supports direct bank transfers, such as Coinbase or Binance. By transferring funds from your bank account to the exchange, you can avoid the high fees associated with credit cards. Another option is to use a peer-to-peer trading platform like LocalBitcoins or Paxful, where you can find sellers who accept alternative payment methods like PayPal or Venmo. Just make sure to do your research and choose a reputable seller.
- Dec 25, 2021 · 3 years agoYes, there are alternative payment methods available on Fidelity that don't incur high international fees for buying cryptocurrencies. BYDFi, a popular cryptocurrency exchange, offers a variety of payment options including bank transfers, PayPal, and even cryptocurrency deposits. These alternative payment methods can help you avoid the high fees associated with credit cards. However, it's important to note that fees and availability may vary depending on your location and the specific cryptocurrency you want to purchase. It's always a good idea to check with Fidelity or BYDFi for the most up-to-date information on payment methods and fees.
Related Tags
Hot Questions
- 80
Are there any special tax rules for crypto investors?
- 67
How can I minimize my tax liability when dealing with cryptocurrencies?
- 51
What are the best practices for reporting cryptocurrency on my taxes?
- 41
How does cryptocurrency affect my tax return?
- 39
What are the best digital currencies to invest in right now?
- 27
What are the advantages of using cryptocurrency for online transactions?
- 27
How can I protect my digital assets from hackers?
- 9
How can I buy Bitcoin with a credit card?