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What are the transaction charges for using Mpesa in the cryptocurrency industry?

avatarCHRISEMMANUEL575Dec 29, 2021 · 3 years ago3 answers

What are the transaction charges associated with using Mpesa, a mobile money service, in the cryptocurrency industry? How much does it cost to make transactions using Mpesa for buying or selling cryptocurrencies?

What are the transaction charges for using Mpesa in the cryptocurrency industry?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Transaction charges for using Mpesa in the cryptocurrency industry vary depending on the platform or exchange you are using. Some exchanges may charge a fixed fee per transaction, while others may charge a percentage of the transaction amount. It's important to check the fee structure of the specific platform or exchange you are using to get accurate information on transaction charges.
  • avatarDec 29, 2021 · 3 years ago
    When using Mpesa for cryptocurrency transactions, you may encounter transaction charges such as network fees, processing fees, or exchange fees. These charges are imposed by the platform or exchange you are using and are separate from Mpesa's own transaction charges. It's advisable to compare the transaction charges of different platforms or exchanges before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, charges a flat fee of 0.2% per transaction when using Mpesa. This fee is deducted from the transaction amount and covers the network fees and processing costs. It's important to note that transaction charges may vary over time, so it's always a good idea to check the latest fee structure on the BYDFi website or contact their customer support for accurate information.