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What are the fees associated with buying crypto with amex?

avatarChristopher ArmooganDec 28, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrency with my American Express (Amex) card, but I'm not sure about the fees involved. Can you please provide me with information on the fees associated with purchasing crypto using Amex?

What are the fees associated with buying crypto with amex?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    When buying cryptocurrency with Amex, you may encounter various fees depending on the platform or exchange you use. Some exchanges charge a percentage-based fee, which is typically around 3-5% of the transaction amount. Additionally, there might be a fixed fee per transaction, ranging from a few dollars to a specific percentage of the transaction value. It's important to check the fee structure of the specific exchange you plan to use before making a purchase to avoid any surprises.
  • avatarDec 28, 2021 · 3 years ago
    Buying crypto with Amex can come with fees that vary depending on the exchange or platform. These fees can include a percentage-based fee, a fixed fee per transaction, or a combination of both. It's crucial to research and compare different exchanges to find the one with the most favorable fee structure. Keep in mind that fees can change over time, so it's a good idea to stay updated with the latest information from the exchange you choose.
  • avatarDec 28, 2021 · 3 years ago
    When it comes to buying crypto with Amex, BYDFi is a popular exchange that offers competitive fees. They charge a percentage-based fee of 3% for Amex transactions. However, it's important to note that fees can vary depending on the exchange and the type of cryptocurrency you're purchasing. It's always a good idea to compare fees across different platforms to ensure you're getting the best deal.