Questions tagged [avoid.]

KimonoElegance Wed Sep 04 2024 | 6 answers 1261

Are you looking for ways to avoid payment processing fees when dealing with cryptocurrency transactions? It's a common concern among individuals and businesses alike, as these fees can quickly add up and eat into profits. However, it's important to note that avoiding fees altogether might not always be feasible or advisable. One potential strategy to minimize fees is to carefully choose the cryptocurrency exchange or wallet you use for transactions. Some platforms may offer lower fees than others, so it's worth doing your research and comparing options. Additionally, some exchanges offer discounted fees for high-volume traders or users who hold a certain amount of the exchange's native token. Another option is to use peer-to-peer (P2P) transactions, which allow individuals to trade directly with each other without going through a third-party intermediary. While this can help to avoid some fees, it's important to be cautious when engaging in P2P transactions, as there are risks involved, such as the potential for fraud or scams. Ultimately, the best way to avoid or minimize payment processing fees will depend on your specific needs and circumstances. It's always a good idea to weigh the costs and benefits of different options and to carefully consider the risks involved before making a decision.

CloudlitWonder Tue Sep 03 2024 | 7 answers 1548

How can one effectively avoid incurring foreign transaction fees when using a U.S. Bank account for international purchases? Are there specific steps one can take to minimize or eliminate these charges, or is it a matter of choosing the right account type or card? Could utilizing alternative payment methods, such as cryptocurrencies, offer a more cost-effective solution for cross-border transactions? I'm particularly interested in hearing about practical strategies and recommendations for individuals looking to minimize the financial impact of foreign transaction fees.