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Are there any fees associated with using a digital card on Cash App for purchasing cryptocurrencies?

avatarContreras LoweryDec 26, 2021 · 3 years ago2 answers

Can you explain if there are any fees involved when using a digital card on Cash App for buying cryptocurrencies? I'm interested in knowing if there are any additional charges or hidden costs that I should be aware of.

Are there any fees associated with using a digital card on Cash App for purchasing cryptocurrencies?

2 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with using a digital card on Cash App for purchasing cryptocurrencies. Cash App charges a fee of 1.76% for each transaction. This fee is included in the final purchase amount and is deducted from the total value of the cryptocurrencies you buy. So, if you purchase $100 worth of cryptocurrencies, you will actually receive $98.24 worth of cryptocurrencies after deducting the fee. It's important to keep this fee in mind when making your purchase to ensure you're aware of the actual cost.
  • avatarDec 26, 2021 · 3 years ago
    Yes, there are fees associated with using a digital card on Cash App for purchasing cryptocurrencies. Cash App charges a transaction fee of 1.76% for each purchase. This fee is deducted from the total amount you spend on cryptocurrencies. For example, if you buy $100 worth of cryptocurrencies, you will actually receive $98.24 worth of cryptocurrencies after the fee is deducted. It's important to consider this fee when deciding how much to invest and to calculate the actual cost of your purchase.