What are the fees associated with buying cryptocurrency using an American Express card?

3 answers

• Asia Y-DFeb 06, 2021 · 5 years ago
  When buying cryptocurrency with an American Express card, you may encounter various fees. These can include transaction fees, which are charged by the cryptocurrency exchange or platform you're using. Additionally, American Express may charge a cash advance fee for using your card to purchase cryptocurrency, as it may be considered a cash equivalent transaction. It's important to check with both the exchange and American Express to understand the specific fees involved before making a purchase.
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• Alexa BejeniaAug 04, 2022 · 3 years ago
  Buying cryptocurrency with an American Express card can come with certain fees. These fees can vary depending on the exchange or platform you're using, as well as the specific terms and conditions of your American Express card. It's advisable to review the fee schedule provided by the exchange and also contact American Express to inquire about any potential fees associated with using your card for cryptocurrency purchases. Being aware of these fees can help you make informed decisions and avoid any unexpected charges.
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• NesgcDec 16, 2024 · 10 months ago
  When it comes to buying cryptocurrency using an American Express card, the fees can differ depending on the platform or exchange you choose. For example, some exchanges may charge a flat fee or a percentage-based fee for each transaction. Others may have a tiered fee structure based on the transaction amount. Additionally, American Express may charge a cash advance fee, which is typically a percentage of the transaction amount. It's always a good idea to compare fees across different platforms and exchanges to find the most cost-effective option for your cryptocurrency purchases.
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