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Are there any fees involved when sending money to myself on a cash app using a cryptocurrency platform?

avatarten-greenDec 27, 2021 · 3 years ago3 answers

I'm wondering if there are any fees associated with sending money to myself on a cash app using a cryptocurrency platform. Can you please provide some insights on this?

Are there any fees involved when sending money to myself on a cash app using a cryptocurrency platform?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there may be fees involved when sending money to yourself on a cash app using a cryptocurrency platform. The fees can vary depending on the specific platform you are using. Some platforms charge a flat fee per transaction, while others may charge a percentage of the transaction amount. It's important to check the fee structure of the platform you are using before making any transactions to avoid any surprises.
  • avatarDec 27, 2021 · 3 years ago
    No, there are usually no fees involved when sending money to yourself on a cash app using a cryptocurrency platform. Most platforms offer free transactions for self-sending, as it is considered an internal transfer. However, it's always a good idea to double-check the platform's fee policy to ensure there are no hidden charges.
  • avatarDec 27, 2021 · 3 years ago
    When using BYDFi, a popular cryptocurrency platform, there are no fees involved when sending money to yourself on a cash app. BYDFi offers free transactions for self-sending, making it a cost-effective option for users. However, it's important to note that fees may still apply for other types of transactions on the platform. It's always a good idea to review the fee structure and terms of service of any platform you are using to understand the costs involved.