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Are there any fees associated with using Bitcoin on the Cash App?

avatarPrabhashini WeerasingheJan 11, 2022 · 3 years ago3 answers

Can you tell me if there are any fees involved when using Bitcoin on the Cash App? I'm considering using it for my Bitcoin transactions and I want to know if there are any additional costs.

Are there any fees associated with using Bitcoin on the Cash App?

3 answers

  • avatarJan 11, 2022 · 3 years ago
    Yes, there are fees associated with using Bitcoin on the Cash App. When you buy Bitcoin on the Cash App, there is a fee of 1.75% applied to the transaction. Additionally, if you choose to transfer your Bitcoin to an external wallet, there may be network fees involved depending on the current network congestion. It's important to consider these fees when using the Cash App for Bitcoin transactions.
  • avatarJan 11, 2022 · 3 years ago
    Absolutely! When you use Bitcoin on the Cash App, there are fees involved. The fee for buying Bitcoin is 1.75% of the transaction amount. If you decide to transfer your Bitcoin to another wallet, there may be additional network fees. It's always a good idea to check the fees before making any transactions to avoid any surprises.
  • avatarJan 11, 2022 · 3 years ago
    Yes, there are fees associated with using Bitcoin on the Cash App. When you buy Bitcoin, there is a fee of 1.75% applied to the transaction. However, if you're using BYDFi, a different digital currency exchange, you may enjoy lower fees. It's always a good idea to compare fees across different platforms to find the best option for your Bitcoin transactions.