Are there any fees associated with using a savings account for cryptocurrency on Cash App?
komaeJan 13, 2022 · 3 years ago3 answers
Can you tell me if there are any fees involved when using a savings account for cryptocurrency on Cash App?
3 answers
- Jan 13, 2022 · 3 years agoYes, there are fees associated with using a savings account for cryptocurrency on Cash App. When you buy or sell cryptocurrency, Cash App charges a fee of 1.75% for each transaction. Additionally, if you choose to transfer your cryptocurrency to an external wallet, Cash App may apply a network fee. It's important to review the fee structure on Cash App's website for the most up-to-date information.
- Jan 13, 2022 · 3 years agoAbsolutely! Cash App does charge fees for using a savings account for cryptocurrency. The fees include a 1.75% transaction fee when buying or selling cryptocurrency. There may also be network fees if you decide to transfer your cryptocurrency to an external wallet. Make sure to check Cash App's website for the latest fee details.
- Jan 13, 2022 · 3 years agoYes, there are fees associated with using a savings account for cryptocurrency on Cash App. Cash App charges a 1.75% fee for each cryptocurrency transaction. If you transfer your cryptocurrency to an external wallet, there may be additional network fees. Keep in mind that fees can vary, so it's always a good idea to check Cash App's fee schedule for the most accurate information.
Related Tags
Hot Questions
- 82
How does cryptocurrency affect my tax return?
- 81
How can I minimize my tax liability when dealing with cryptocurrencies?
- 65
Are there any special tax rules for crypto investors?
- 53
How can I protect my digital assets from hackers?
- 50
What are the best digital currencies to invest in right now?
- 40
What is the future of blockchain technology?
- 28
What are the advantages of using cryptocurrency for online transactions?
- 9
What are the best practices for reporting cryptocurrency on my taxes?