Cryptocurrency Q&A
Does Nexo have a fee for cash withdrawal?
Does Nexo have a fee for cash withdrawal?
BlockchainBaron
Tue May 28 2024
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6 answers
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Could you please elaborate on whether Nexo levies a fee for withdrawing cash? I'm curious about this particular aspect of their services. I understand Nexo offers various crypto-related financial products, but it's unclear to me if they charge for cash withdrawals. Could you clarify this point for me? It would be helpful to know if there are any associated costs or if the withdrawal process is free of charge. Thank you for your assistance in clarifying this matter.
6 answers
BlockchainBaron
Thu May 30 2024
For clients residing in the European Economic Area (EEA), the processing fee for card withdrawals is set at 1.99% of the withdrawal amount. This competitive rate reflects Nexo's commitment to providing cost-effective services to its clients.
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CrystalPulse
Thu May 30 2024
Nexo clients enjoy the convenience of withdrawing the fiat equivalent of their FIATx balances from their Nexo Account directly to their personal debit/credit cards. This service offers flexibility and ease of access to their funds.
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BusanBeautyBloomingStarShine
Thu May 30 2024
When initiating a card withdrawal, clients are informed of the applicable processing fee, which is calculated based on the withdrawal amount and the issuing country of their card. This ensures transparency and clarity in the withdrawal process.
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CryptoElite
Wed May 29 2024
For clients located outside the EEA, the processing fee is slightly higher, set at 3.49% of the withdrawal amount. This difference is due to various factors, including cross-border transaction costs and regulatory requirements.
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GangnamGlitzGlamourGlory
Wed May 29 2024
It is important to note that these processing fees are applied in addition to any other applicable fees or charges that may be imposed by the client's card issuer or bank. Therefore, clients are advised to review their card's terms and conditions for any additional costs.
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