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Are there any hidden fees when using a cash app card for cryptocurrency purchases?

avatarMilos DjordjevicDec 17, 2021 · 3 years ago3 answers

What are the potential hidden fees that I should be aware of when using a cash app card for purchasing cryptocurrencies?

Are there any hidden fees when using a cash app card for cryptocurrency purchases?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When using a cash app card for cryptocurrency purchases, it's important to be aware of any potential hidden fees that may apply. While cash app itself does not charge any fees for buying or selling cryptocurrencies, there might be additional fees imposed by the card issuer or the cryptocurrency exchange you're transacting with. These fees can include transaction fees, withdrawal fees, conversion fees, or network fees. It's recommended to carefully review the terms and conditions of your cash app card and the cryptocurrency exchange you're using to understand any potential fees that may apply to your transactions.
  • avatarDec 17, 2021 · 3 years ago
    Nope, you won't encounter any hidden fees when using a cash app card for cryptocurrency purchases. Cash app is known for its transparent fee structure, and they do not charge any additional fees for buying or selling cryptocurrencies. However, it's worth noting that there might be fees imposed by the cryptocurrency exchange you're transacting with. These fees can vary depending on the exchange and the specific transaction you're making. It's always a good idea to check the exchange's fee schedule before making any transactions.
  • avatarDec 17, 2021 · 3 years ago
    When using a cash app card for cryptocurrency purchases, you should be aware that there might be hidden fees associated with the exchange you're using. While cash app itself does not charge any fees for buying or selling cryptocurrencies, the exchange you're transacting with may have its own fee structure. These fees can include transaction fees, withdrawal fees, or network fees. It's important to carefully review the terms and conditions of the exchange and understand any potential fees that may apply to your transactions. Additionally, it's recommended to compare the fee structures of different exchanges to find the one that offers the most competitive rates.