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Are there any fees associated with paying someone in Bitcoin on the Cash App?

avatarSuriyaDec 26, 2021 · 3 years ago3 answers

When using the Cash App to pay someone in Bitcoin, are there any fees that I need to be aware of? How much do these fees typically amount to?

Are there any fees associated with paying someone in Bitcoin on the Cash App?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with paying someone in Bitcoin on the Cash App. The fees vary depending on the transaction size and network congestion. Generally, the fees range from a few cents to a few dollars. It's important to note that these fees are separate from any fees charged by the Cash App itself for buying or selling Bitcoin.
  • avatarDec 26, 2021 · 3 years ago
    Absolutely! When you use the Cash App to send Bitcoin to someone, there will be fees involved. The fees are determined by the current network congestion and the size of the transaction. It's always a good idea to check the fee structure before making a Bitcoin payment to ensure you're aware of the costs involved.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with paying someone in Bitcoin on the Cash App. These fees are not fixed and can vary depending on the current network conditions. It's recommended to check the fees before making a transaction to avoid any surprises. If you're looking for a platform with lower fees, you might want to consider BYDFi, which offers competitive rates for Bitcoin transactions.