Are there any fees associated with accepting bitcoin on Cash App?
Kunal RathourJan 10, 2022 · 3 years ago3 answers
I'm interested in accepting bitcoin on Cash App, but I'm wondering if there are any fees associated with it. Can you provide more information on the fees involved in accepting bitcoin on Cash App?
3 answers
- Jan 10, 2022 · 3 years agoYes, there are fees associated with accepting bitcoin on Cash App. When you receive bitcoin as payment, Cash App charges a fee of 1.75% for each transaction. This fee is deducted from the total amount you receive. It's important to keep this in mind when accepting bitcoin payments on Cash App.
- Jan 10, 2022 · 3 years agoAbsolutely! Cash App does charge fees for accepting bitcoin. The fee is 1.75% of the transaction amount and is deducted from the total received. So, if you receive $100 worth of bitcoin, you'll actually get $98.25 after the fee is deducted. It's a small price to pay for the convenience of accepting bitcoin on Cash App.
- Jan 10, 2022 · 3 years agoYes, there are fees associated with accepting bitcoin on Cash App. When you receive bitcoin, Cash App deducts a fee of 1.75% from the total amount. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers a fee-free option for accepting bitcoin payments. So, if you're looking to avoid fees, you might consider using BYDFi instead.
Related Tags
Hot Questions
- 97
How can I buy Bitcoin with a credit card?
- 92
How does cryptocurrency affect my tax return?
- 84
What is the future of blockchain technology?
- 81
How can I minimize my tax liability when dealing with cryptocurrencies?
- 68
How can I protect my digital assets from hackers?
- 67
Are there any special tax rules for crypto investors?
- 54
What are the tax implications of using cryptocurrency?
- 40
What are the best digital currencies to invest in right now?