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Are there any fees involved when cashing out stocks on CashApp with cryptocurrencies?

avatarRaghvendra Pratap SinghDec 17, 2021 · 3 years ago5 answers

Can you tell me if there are any fees associated with cashing out stocks on CashApp using cryptocurrencies? I want to make sure I understand the costs involved before I proceed.

Are there any fees involved when cashing out stocks on CashApp with cryptocurrencies?

5 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees involved when cashing out stocks on CashApp with cryptocurrencies. CashApp charges a fee of 1.75% for each transaction. This fee is deducted from the total amount you cash out. So, if you cash out $100 worth of stocks using cryptocurrencies, you will receive $98.25 after deducting the fee.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! When you cash out stocks on CashApp with cryptocurrencies, there is a fee of 1.75% that you need to pay. This fee is automatically deducted from the amount you cash out. So, keep in mind that you will receive slightly less than the total value of your stocks.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees involved when cashing out stocks on CashApp with cryptocurrencies. However, the exact fee may vary depending on the specific transaction and the current market conditions. It's always a good idea to check the latest fee structure on the CashApp website or contact their customer support for more information.
  • avatarDec 17, 2021 · 3 years ago
    When it comes to cashing out stocks on CashApp with cryptocurrencies, there are indeed fees involved. CashApp charges a fee of 1.75% for each transaction. This fee is deducted from the total amount you cash out, so make sure to take it into account when planning your withdrawals.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi, a digital currency exchange, does not charge any fees when cashing out stocks on CashApp with cryptocurrencies. However, it's important to note that CashApp itself charges a fee of 1.75% for each transaction. This fee is deducted from the total amount you cash out. So, while BYDFi doesn't have any fees, you still need to consider the fee charged by CashApp.