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What are the fees associated with buying cryptocurrency with a credit card on Kraken?

avatarsammyDec 25, 2021 · 3 years ago3 answers

Can you provide details about the fees charged when purchasing cryptocurrency with a credit card on Kraken?

What are the fees associated with buying cryptocurrency with a credit card on Kraken?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    When buying cryptocurrency with a credit card on Kraken, you will be charged a fee. The fee is based on a percentage of the transaction amount and can vary depending on the type of cryptocurrency you are purchasing. It is important to note that credit card purchases usually incur higher fees compared to other payment methods. Make sure to check Kraken's fee schedule for the most up-to-date information on the fees associated with credit card purchases.
  • avatarDec 25, 2021 · 3 years ago
    The fees for buying cryptocurrency with a credit card on Kraken can be quite high. It's important to consider this when deciding on the payment method for your purchase. Keep in mind that there may also be additional fees charged by your credit card provider, such as foreign transaction fees or cash advance fees. It's always a good idea to review the fees and terms associated with your credit card before making a purchase on Kraken or any other platform.
  • avatarDec 25, 2021 · 3 years ago
    When purchasing cryptocurrency with a credit card on Kraken, you will be subject to fees. These fees are typically higher compared to other payment methods due to the higher risk associated with credit card transactions. It's important to consider the fees when deciding on the most cost-effective way to buy cryptocurrency. If you're looking for lower fees, you may want to explore alternative payment methods, such as bank transfers or using a cryptocurrency exchange that offers lower fees for credit card purchases.