Are there any additional fees or charges when transferring funds from Citibank to a cryptocurrency exchange?

3 answers

• Houghton MathisJan 14, 2025 · a year ago
  When transferring funds from Citibank to a cryptocurrency exchange, there may be additional fees and charges involved. It is important to check with both Citibank and the specific cryptocurrency exchange you are using to understand the exact fees and charges associated with the transfer. Some exchanges may charge a flat fee, while others may have a percentage-based fee. Additionally, Citibank may have its own fees for transferring funds to a cryptocurrency exchange. It is recommended to review the terms and conditions of both Citibank and the cryptocurrency exchange to have a clear understanding of the fees and charges involved before making the transfer.
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• Leonard BarkerJul 18, 2020 · 6 years ago
  Transferring funds from Citibank to a cryptocurrency exchange may incur additional fees and charges. These fees can vary depending on the exchange and the amount being transferred. It is advisable to carefully review the fee structure of both Citibank and the cryptocurrency exchange to avoid any surprises. Some exchanges may have lower fees for larger transfers, while others may charge a flat fee regardless of the transfer amount. It is also important to consider any currency conversion fees that may apply if you are transferring funds in a different currency than your Citibank account.
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• Juan ParraFeb 06, 2025 · a year ago
  When transferring funds from Citibank to a cryptocurrency exchange, it is essential to be aware of any additional fees and charges that may apply. While Citibank itself may not charge any specific fees for such transfers, the cryptocurrency exchange you are using may have its own fee structure. These fees can vary depending on the exchange and the type of transfer (e.g., wire transfer, ACH transfer). It is recommended to carefully review the fee schedule of the cryptocurrency exchange to understand the costs involved. Additionally, consider any potential fees for currency conversion if you are transferring funds in a different currency than your Citibank account. Overall, it is important to do your research and compare the fees and charges of different exchanges before making a decision.
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