New To Bitcoin

Anonymous asked 2 years ago

I am currently using Bitcoin but I found out that I can get free wire transfers through my bank.  Should I change to a different exchange (is that what it’s called) that would enable me to take advantage of this benefit?

1 Answers
Zsofia Elek answered 2 years ago

Hi there, I suggest you check the fee schedule of the exchange you use. Some of the Bitcoin exchanges charge incoming transactions if the deposits are from wire transfers, so even if your bank gives you free wire transfers at the end you might be paying for the deposit through the exchange.  

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