common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with using cryptocurrency on Square?

avatarTaha MoeiniDec 29, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved in using cryptocurrency on Square? I'm considering using Square for my cryptocurrency transactions, but I want to make sure I understand all the costs involved.

Are there any fees associated with using cryptocurrency on Square?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with using cryptocurrency on Square. When you buy or sell cryptocurrency through Square, you may be charged a fee of up to 1.5% of the transaction amount. This fee covers the cost of processing the transaction and maintaining the security of the platform. It's important to note that the fee may vary depending on the specific cryptocurrency and transaction size.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Using cryptocurrency on Square does come with fees. The fees are typically around 1.5% of the transaction amount, but they can vary depending on the specific cryptocurrency and transaction size. These fees help cover the costs of processing the transactions and ensuring the security of the platform. It's always a good idea to review the fee structure before using Square for your cryptocurrency transactions.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with using cryptocurrency on Square. Square charges a fee of up to 1.5% for buying or selling cryptocurrency. However, it's worth noting that the fee may vary depending on the specific cryptocurrency and transaction size. It's always a good idea to check the fee structure on Square's website or contact their customer support for the most up-to-date information.