Are there any fees associated with using a cashapp card for cryptocurrency purchases?
Sunil Kumar KSJan 14, 2022 · 3 years ago3 answers
Can you tell me if there are any fees involved when using a cashapp card to buy cryptocurrencies?
3 answers
- Jan 14, 2022 · 3 years agoYes, there are fees associated with using a cashapp card for cryptocurrency purchases. Cashapp charges a fee of 1.75% for each transaction. This fee is applied to both buying and selling cryptocurrencies using the cashapp card. It's important to consider this fee when making your purchase to ensure you are aware of the total cost involved.
- Jan 14, 2022 · 3 years agoAbsolutely! When you use a cashapp card to buy cryptocurrencies, there is a fee of 1.75% per transaction. This fee is automatically deducted from the total amount you are purchasing. So, if you're planning to buy $100 worth of cryptocurrencies, you'll actually receive $98.25 worth of cryptocurrencies after the fee deduction. Keep this in mind when making your purchase to avoid any surprises.
- Jan 14, 2022 · 3 years agoYes, there are fees associated with using a cashapp card for cryptocurrency purchases. Cashapp charges a fee of 1.75% for each transaction. However, it's worth noting that this fee is relatively low compared to some other platforms. So, even with the fee, using a cashapp card can still be a cost-effective option for buying cryptocurrencies.
Related Tags
Hot Questions
- 91
What are the advantages of using cryptocurrency for online transactions?
- 90
How can I minimize my tax liability when dealing with cryptocurrencies?
- 72
How can I buy Bitcoin with a credit card?
- 65
How can I protect my digital assets from hackers?
- 57
What are the tax implications of using cryptocurrency?
- 46
How does cryptocurrency affect my tax return?
- 34
What is the future of blockchain technology?
- 26
Are there any special tax rules for crypto investors?