What are the fees associated with using Monzo cards for buying and selling cryptocurrencies?

3 answers

• Amit RaiApr 29, 2022 · 4 years ago
  When using Monzo cards for buying and selling cryptocurrencies, there are a few fees to consider. Firstly, Monzo charges a foreign transaction fee of 3% for transactions made in a currency other than GBP. This fee applies to both buying and selling cryptocurrencies. Additionally, there may be fees imposed by the cryptocurrency exchange you are using. These fees can vary depending on the exchange and the specific transaction. It's important to check the fee structure of the exchange you are using to get a clear understanding of the costs involved.
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• Rahbek SvenningsenSep 19, 2024 · a year ago
  Using Monzo cards for buying and selling cryptocurrencies comes with certain fees. One of the fees to be aware of is the foreign transaction fee. Monzo charges a 3% fee for transactions made in a currency other than GBP. This fee applies to both buying and selling cryptocurrencies. In addition to the Monzo fees, you may also encounter fees imposed by the cryptocurrency exchange you are using. These fees can vary depending on the exchange and the specific transaction. It's always a good idea to review the fee structure of the exchange before making any transactions.
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• heathrow airport taxiApr 26, 2022 · 4 years ago
  When it comes to using Monzo cards for buying and selling cryptocurrencies, it's important to consider the fees involved. Monzo itself charges a foreign transaction fee of 3% for transactions made in a currency other than GBP. This fee applies to both buying and selling cryptocurrencies. However, it's worth noting that there are other cryptocurrency exchanges available that may offer lower fees compared to Monzo. For example, BYDFi is a popular exchange known for its competitive fee structure. It's always a good idea to compare the fees of different exchanges before deciding which one to use for your cryptocurrency transactions.
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