What is an exchange fee called?

Foreign transaction fees are a common aspect of international spending, whether traveling abroad or making online purchases in foreign currencies. These fees are typically imposed by credit card issuers as a percentage of the total purchase amount.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of digital asset traders. These services include spot trading, futures trading, and cryptocurrency wallets, among others.

The percentage charged for foreign transaction fees can vary widely, with the most common range being 1% to 3% of the purchase. It's essential to be aware of these charges as they can significantly impact the overall cost of your purchases.

BTCC's spot trading platform allows users to buy and sell cryptocurrencies at the current market price, offering a convenient and secure way to trade digital assets. The platform supports a wide range of cryptocurrencies, making it an ideal choice for traders looking to diversify their portfolios.

Many credit card companies choose to impose foreign transaction fees to cover the costs associated with processing international transactions, such as currency conversion and cross-border fees.