Cryptocurrency Q&A
What is the currency exchange rate fee?
What is the currency exchange rate fee?
Lorenzo
Tue Nov 05 2024
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5
answers
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I'm trying to understand the additional cost associated with exchanging currencies. Specifically, I want to know about the currency exchange rate fee and how it affects transactions.
5 answers
mia_rose_painter
Thu Nov 07 2024
ATM networks may also impose a similar fee for overseas withdrawals, adding to the overall cost.
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Caterina
Thu Nov 07 2024
Some credit and debit card issuers impose a per-transaction fee for overseas purchases or withdrawals.
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HanRiverVisionaryWaveWatcher
Thu Nov 07 2024
This fee is also applicable when making online purchases from foreign merchants.
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Lucia
Thu Nov 07 2024
Not all card issuers charge this fee, so it's essential to check with your bank or card provider.
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WhisperInfinity
Thu Nov 07 2024
The amount of the fee can vary, but it usually falls within the range of 2% to 3% of the transaction value.
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