What are the fees involved in transferring funds from Citibank to a crypto platform?

3 answers

• Sport worldNov 02, 2020 · 5 years ago
  When transferring funds from Citibank to a crypto platform, you may encounter several types of fees. Citibank may charge a fee for the transfer itself, which can vary depending on the type of account you have and the amount being transferred. Additionally, the crypto platform may also charge a fee for depositing funds into your account. It's important to check with both Citibank and the crypto platform to understand the specific fees involved in your transfer. Keep in mind that fees can change over time, so it's always a good idea to stay updated with the latest fee information.
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• Thyssen JohnsenMay 02, 2023 · 3 years ago
  Transferring funds from Citibank to a crypto platform typically incurs fees. Citibank may charge a wire transfer fee, which can range from a few dollars to a percentage of the transfer amount. The crypto platform may also charge a fee for depositing funds into your account, usually a percentage of the deposited amount. It's advisable to review the fee schedules of both Citibank and the crypto platform to understand the exact fees involved in your transfer. Additionally, consider the time it takes for the transfer to complete, as this can vary depending on the banking and crypto platform processes.
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• Razorback Drain ProsMar 26, 2022 · 4 years ago
  When transferring funds from Citibank to a crypto platform, the fees involved can vary. Citibank may charge a fee for the wire transfer, and the crypto platform may also have its own fee structure for depositing funds. It's important to review the fee schedules of both Citibank and the crypto platform to understand the costs involved. Additionally, keep in mind that fees can change over time, so it's a good idea to stay informed about any updates or changes to the fee structure. If you're considering transferring a large amount, it may be worth comparing the fees of different crypto platforms to find the most cost-effective option.
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