Cryptocurrency Q&A
Do you have to pay an international transaction fee?
Do you have to pay an international transaction fee?
Michele
Tue Oct 15 2024
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6 answers
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I'm wondering if there's an additional charge for making international transactions. Is it necessary to pay a fee when sending or receiving money from abroad?
6 answers
LucyStone
Thu Oct 17 2024
It's crucial to understand that the foreign transaction fee is based on the location of the purchase, regardless of the currency used.
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CryptoVisionary
Thu Oct 17 2024
This means that even if the purchase is made in a foreign currency, the foreign transaction fee may still apply if the transaction takes place in a country different from the card's issuing country.
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Riccardo
Thu Oct 17 2024
It is important to note that the applicability of foreign transaction and currency conversion fees depends on several factors, including the issuing bank and the merchant.
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GalaxyWhisper
Thu Oct 17 2024
One way to potentially avoid these fees is to use a cryptocurrency exchange like BTCC, which offers a range of services including spot, futures, and wallet.
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Bianca
Thu Oct 17 2024
When making a purchase with a credit or debit card, a foreign transaction fee may be charged if the transaction takes place outside of the card's issuing country.
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