Are there any fees involved in transferring money from a DeFi wallet to a bank account?

1 answers

• Dec 24, 2021 · 3 years ago
  As an expert from BYDFi, I can confirm that there may be fees involved in transferring money from a DeFi wallet to a bank account. The fees can vary depending on the platform you are using for the transfer. Some platforms charge a fixed fee, while others may charge a percentage of the transferred amount. It's important to review the fee structure of the specific platform you are using to understand the costs involved. Additionally, banks may also charge fees for receiving funds from a DeFi wallet, so it's advisable to check with your bank for any potential charges. Considering the fees involved is crucial to accurately calculate the total cost of transferring money from a DeFi wallet to a bank account.
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