Are there any fees associated with using a Monzo debit card for purchasing cryptocurrencies?

3 answers

• lisonMay 04, 2023 · 3 years ago
  Yes, there may be fees associated with using a Monzo debit card for purchasing cryptocurrencies. The specific fees can vary depending on the cryptocurrency exchange or platform you are using. Some exchanges may charge a flat fee for each transaction, while others may charge a percentage-based fee. It is important to check with your specific exchange or platform to understand the fees involved before making any transactions.
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• Allen KincaidJul 11, 2021 · 4 years ago
  Using a Monzo debit card for purchasing cryptocurrencies may incur fees. The fees can vary depending on the exchange or platform you use. Some exchanges charge a fixed fee per transaction, while others charge a percentage-based fee. It's advisable to check the fee structure of your chosen exchange or platform to understand the costs involved. Additionally, keep in mind that there may be additional fees imposed by your bank or card issuer for using your debit card for cryptocurrency purchases.
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• Hartvigsen HackettAug 07, 2021 · 4 years ago
  When using a Monzo debit card for purchasing cryptocurrencies, it's important to consider the fees involved. While Monzo itself does not charge any fees for cryptocurrency transactions, the exchange or platform you use may have their own fee structure. For example, at BYDFi, there is a flat fee of 1% for each cryptocurrency purchase made with a Monzo debit card. It's recommended to check the fee schedule of your chosen exchange or platform to understand the costs associated with using a Monzo debit card for purchasing cryptocurrencies.
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