How does Citibank calculate wire transfer fees for digital currency transactions?

3 answers

• saqib nazirFeb 15, 2025 · 6 months ago
  Citibank calculates wire transfer fees for digital currency transactions based on a percentage of the total transaction amount. The exact percentage may vary depending on the specific digital currency being transferred. This fee covers the cost of processing the transaction and ensuring its security. It's important to note that the fees charged by Citibank are subject to change and may be different from other banks or exchanges.
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• Dmitry SinykovichOct 19, 2022 · 3 years ago
  When it comes to wire transfer fees for digital currency transactions, Citibank takes into account factors such as the current market conditions, the type of digital currency being transferred, and the transaction volume. These factors help determine the fee percentage that Citibank charges for these transactions. It's always a good idea to check with Citibank directly or refer to their official documentation for the most accurate and up-to-date information on wire transfer fees for digital currency transactions.
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• ManjushaJan 23, 2025 · 7 months ago
  At BYDFi, we understand that wire transfer fees for digital currency transactions can vary depending on the bank or exchange you're using. While we can't speak specifically for Citibank, it's common for banks and exchanges to calculate these fees based on factors such as the transaction amount, the type of digital currency, and any additional services or features provided. It's always a good idea to review the fee structure of your chosen bank or exchange to ensure you have a clear understanding of the fees associated with wire transfers for digital currency transactions.
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