common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with using a cash app card for buying or selling cryptocurrencies?

avatarAngel LiraDec 17, 2021 · 3 years ago3 answers

I would like to know if there are any fees involved when using a cash app card for buying or selling cryptocurrencies. Can you provide me with information on the fees associated with this payment method?

Are there any fees associated with using a cash app card for buying or selling cryptocurrencies?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using a cash app card for buying or selling cryptocurrencies. Cash App charges a fee of 1.75% for each transaction involving cryptocurrencies. This fee is applied to both buying and selling transactions. It's important to note that the fee may vary depending on the market conditions and the specific cryptocurrency being traded. Additionally, there may be additional fees imposed by the cryptocurrency exchange or wallet you are using. It's always recommended to check the terms and conditions of your chosen platform to understand the complete fee structure.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When using a cash app card for buying or selling cryptocurrencies, you will incur fees. Cash App charges a 1.75% fee for each transaction involving cryptocurrencies. This fee is automatically deducted from the transaction amount. It's important to consider these fees when calculating your profits or losses from cryptocurrency trading. Additionally, keep in mind that other platforms or exchanges may have their own fee structures, so it's advisable to compare fees across different platforms before making a decision.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with using a cash app card for buying or selling cryptocurrencies. Cash App charges a fee of 1.75% for each transaction involving cryptocurrencies. However, it's worth noting that this fee is relatively low compared to some other platforms. Some exchanges may charge higher fees, especially for certain types of transactions or for trading less popular cryptocurrencies. It's always a good idea to compare fees across different platforms to find the most cost-effective option for your cryptocurrency trading needs. Additionally, keep in mind that fees may also vary depending on the payment method you choose, so it's important to consider all factors when making a decision.