Cryptocurrency Q&A
How much does it cost to buy Bitcoin with American Express?
How much does it cost to buy Bitcoin with American Express?
Stefano
Mon Jul 15 2024
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7 answers
2059
Inquiring minds want to know: What is the approximate cost involved in purchasing Bitcoin with American Express? The price, of course, will depend on the current market value of Bitcoin, which fluctuates constantly. However, I'm curious about the additional fees or charges that may be incurred when using American Express for this transaction. Are there any specific rates or percentages that are typically applied? Additionally, are there any minimum or maximum purchase limits when using American Express to buy Bitcoin? Clarifying these details would be immensely helpful for those considering this payment method.
7 answers
KatanaSword
Wed Jul 17 2024
When opting to purchase Bitcoin anonymously using an American Express card on peer-to-peer marketplaces, individuals must be prepared to incur higher costs.
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BlockchainBaronessGuard
Wed Jul 17 2024
These fees, specific to such transactions, can escalate to approximately 4% of the total purchase amount.
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CryptoAlly
Wed Jul 17 2024
It's crucial to understand that this higher fee is a direct consequence of the anonymity and lack of traditional regulatory oversight in peer-to-peer transactions.
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EthereumEagle
Wed Jul 17 2024
Conversely, when purchasing Bitcoin using credit or debit cards through regulated exchanges or platforms, the fees tend to be more standardized.
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Valentino
Wed Jul 17 2024
The transaction fees for acquiring Bitcoin through American Express vary depending on the platform of purchase.
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