What are the fees for buying cryptocurrency on CashApp?
Nturanabo HoraceDec 18, 2021 · 3 years ago3 answers
Can you please provide a detailed explanation of the fees associated with buying cryptocurrency on CashApp? I would like to know the specific charges and any additional costs involved.
3 answers
- Dec 18, 2021 · 3 years agoWhen it comes to buying cryptocurrency on CashApp, there are a few fees to keep in mind. First, there is a transaction fee of 1.75% for every purchase. This fee is applied to the total amount of the transaction. Additionally, if you're buying Bitcoin specifically, there may be a volatility fee of up to 2% to account for market fluctuations. It's important to note that these fees are subject to change and may vary based on the current market conditions.
- Dec 18, 2021 · 3 years agoBuying cryptocurrency on CashApp incurs certain fees. The transaction fee for each purchase is 1.75% of the total amount. In addition, if you're buying Bitcoin, there might be a volatility fee of up to 2% due to the nature of the cryptocurrency market. These fees are designed to cover the costs associated with processing the transactions and managing the risks involved. It's always a good idea to check the latest fee structure on the CashApp website or app before making any transactions.
- Dec 18, 2021 · 3 years agoWhen you buy cryptocurrency on CashApp, you will encounter some fees. The transaction fee for each purchase is 1.75% of the total amount. If you're buying Bitcoin, there might be an additional volatility fee of up to 2% to account for the price fluctuations. These fees are necessary to ensure the smooth operation of the platform and cover the expenses incurred in facilitating the transactions. Keep in mind that fees can vary over time, so it's advisable to check the current fee structure on CashApp for the most accurate information.
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