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What are the fees associated with buying and selling cryptocurrency on a cash app?

avatarGerson RiveraDec 18, 2021 · 3 years ago1 answers

Can you please provide a detailed explanation of the fees involved in buying and selling cryptocurrency on a cash app? I would like to know the different types of fees, such as transaction fees, withdrawal fees, and any other fees that may be applicable. Additionally, it would be helpful to understand how these fees are calculated and if there are any discounts or promotions available to reduce the fees.

What are the fees associated with buying and selling cryptocurrency on a cash app?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to buying and selling cryptocurrency on a cash app, the fees can vary depending on the platform you are using. For example, some cash apps charge a transaction fee for each buy or sell order, which is usually a percentage of the total transaction amount. Additionally, there may be withdrawal fees when you transfer your cryptocurrency to an external wallet. These fees can be a fixed amount or a percentage of the withdrawal amount. It's important to review the fee structure of the specific cash app you are using to understand the exact fees that apply. As for discounts or promotions, some cash apps may offer reduced fees for certain types of transactions or for users who meet specific criteria. It's worth exploring the cash app's website or contacting their customer support to see if there are any available discounts or promotions. Please note that the fees and promotions mentioned here are general examples and may not apply to all cash apps.