What are the fees associated with depositing cryptocurrency through Square Inc's Cash App?

3 answers

• Dec 17, 2021 · 3 years ago
  When depositing cryptocurrency through Square Inc's Cash App, there are fees involved. The fees vary depending on the type of cryptocurrency you are depositing. For Bitcoin, the fee is 1.75% per transaction. For Ethereum, the fee is 1.80% per transaction. And for other cryptocurrencies, the fee is 2.00% per transaction. These fees are subject to change and may vary slightly. Additionally, it's important to note that there may be additional fees or charges imposed by your bank or credit card company for using their services to deposit funds into the Cash App.
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• Dec 17, 2021 · 3 years ago
  The fees associated with depositing cryptocurrency through Square Inc's Cash App can be a bit high compared to other platforms. For example, the 1.75% fee for Bitcoin deposits is higher than what some other exchanges charge. However, the convenience and ease of use offered by the Cash App may outweigh the higher fees for some users. It's always a good idea to compare fees across different platforms and consider your own priorities and preferences when choosing where to deposit your cryptocurrency.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also charges fees for depositing cryptocurrency through their platform. The fees vary depending on the type of cryptocurrency you are depositing. For Bitcoin, the fee is 1.50% per transaction. For Ethereum, the fee is 1.60% per transaction. And for other cryptocurrencies, the fee is 1.75% per transaction. These fees are competitive with other exchanges in the market. It's important to consider the fees as well as the features and security offered by different platforms when deciding where to deposit your cryptocurrency.
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