Log in

Home
aura-logo
Our Top Pick
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. JPMorgan Chase will repay $2.5M in overcharged crypto fees
News

JPMorgan Chase will repay $2.5M in overcharged crypto fees

Updated: Jul 25, 2024
Published: Jun 1, 2020
0
Share:

Crypto-Purchases

Post Feature Image

In 2018, JPMorgan Chase, one of the world’s largest banks decided to treat cryptocurrency purchases made via credit cards as cash advances, which resulted in extravagant fees. The purchase of cryptocurrencies was then banned by the bank in February of that year.

Original Lawsuit

As a result, a class-action lawsuit was launched against the bank in the name of the plaintiffs: Brady Tucker, Ryan Hilton, and Stanton Smith. Their claims was against the extremely high ad unjustified fees being charged by the bank for crypto-purchases.

The bank explained that purchasing cryptocurrencies were “cash-like” transactions while the plaintiffs showcased to the judge that this was only applicable to fiat currencies; which the judge was convinced by.

Settlement

It was only two years later that the bank agreed to a settlement agreement. The latter stated that JPMorgan Chase will repay 95% of these “unlawfully charged fees”, equivalent to $2.5 million but does not assume any wrongdoing.

Crypto-Critic to Crypto-Servicing

JPMorgan’s CEO, Jamie Dimon, was a very outspoken critic of cryptocurrencies in 2017. This resulted in the overall image of the firm to be ‘anti-crypto’. The lawsuit and the extravagant fees charged in 2018, also fall in line with that perception.

However, as the years went by and crypto-businesses (especially exchanges) started generating sky-high revenue from increased interest, the bank decided to start servicing their fiat needs. This has thus far taken place with two famous crypto-exchanges: Coinbase & Gemini.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the success guarantee work?

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
The Hidden Kraken Airdrop Everyone’s Sleeping On👀
PRO
Airdrop Reports
The Hidden Kraken Airdrop Everyone’...Kraken is quietly setting up one of the biggest ecosystem plays heading into 2026, and almost nobody...
8 min read
Nov 27, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
The Hidden Kraken Airdrop Everyone’s Sleeping On👀
PRO
Airdrop Reports
The Hidden Kraken Airdrop Everyone’...Kraken is quietly setting up one of the biggest ecosystem plays heading into 2026, and almost nobody...
8 min read
Nov 27, 2025
Market Update: Are New Lows About to Hit?
PRO
Market Updates
Market Update: Are New Lows About t...Pressure is building, fear is rising, and the chart is winding up for a decisive move. The question ...
2 min read
Nov 26, 2025
Portfolio Allocation: How to Grow from $0 to $1M+
PRO
Research Report
Portfolio Allocation: How to Grow f...The structure of your portfolio should always reflect the size of your portfolio. Smaller accounts b...
16 min read
Nov 25, 2025
Market Pulse: HYPE Faces Its Biggest Unlock Yet
Market Pulse
Market Pulse: HYPE Faces Its Bigges...This week’s massive HYPE unlock sets the stage for supply-driven volatility, as protocol buybacks la...
3 min read
Nov 24, 2025
BTC, ETH and More: Oversold Bounces or Breakdown?
Market Direction
BTC, ETH and More: Oversold Bounces...Price action across majors has compressed into key higher-timeframe support. Conditions for a powerf...
8 min read
Nov 24, 2025
This Week's Setup: 24th of November
PRO
Market Updates
This Week's Setup: 24th of NovemberMarkets rarely move in straight lines, and this week is no exception. With sentiment shifting and vo...
10 min read
Nov 24, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free.

Join 300,000+ investors and traders who've been following us since 2017.

​
Germany

Free forever. Unsubscribe anytime. No credit card required.