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How does American Express charge international fees for cryptocurrency transactions?

avatarTanzeem RahatDec 26, 2021 · 3 years ago3 answers

Can you explain how American Express charges international fees for cryptocurrency transactions? I'm curious about the process and any additional fees that may be involved.

How does American Express charge international fees for cryptocurrency transactions?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    American Express charges international fees for cryptocurrency transactions by applying a foreign transaction fee to each transaction. This fee is usually a percentage of the transaction amount and can vary depending on the specific card and the country where the transaction takes place. Additionally, American Express may also charge a currency conversion fee if the transaction involves a currency other than the card's default currency. It's important to note that these fees are separate from any fees charged by the cryptocurrency exchange or wallet provider.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to international fees for cryptocurrency transactions, American Express has its own fee structure. They charge a foreign transaction fee, which is a percentage of the transaction amount, for transactions made in a foreign currency. Additionally, American Express may also charge a currency conversion fee if the transaction involves a currency other than the card's default currency. It's always a good idea to check with American Express directly or refer to your card's terms and conditions to understand the specific fees that may apply to your cryptocurrency transactions.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that American Express charges international fees for cryptocurrency transactions in a similar way to how they charge fees for other international transactions. They apply a foreign transaction fee, which is a percentage of the transaction amount, to transactions made in a foreign currency. Additionally, American Express may also charge a currency conversion fee if the transaction involves a currency other than the card's default currency. It's important to consider these fees when using American Express for cryptocurrency transactions, as they can impact the overall cost of your transactions.