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Are there any hidden fees when using Cash App to buy or sell cryptocurrencies?

avatarStanley MuiruriDec 30, 2021 · 3 years ago3 answers

When using Cash App to buy or sell cryptocurrencies, are there any additional fees that users should be aware of?

Are there any hidden fees when using Cash App to buy or sell cryptocurrencies?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, there may be hidden fees when using Cash App to buy or sell cryptocurrencies. While Cash App itself does not charge any fees for buying or selling cryptocurrencies, there are other factors to consider. First, you may encounter fees from the cryptocurrency exchange where you are buying or selling the cryptocurrencies. These fees can vary depending on the exchange and the specific transaction. Additionally, there may be network fees associated with the cryptocurrency you are trading, such as Bitcoin transaction fees. It's important to carefully review the fee structure of both Cash App and the cryptocurrency exchange you are using to understand any potential hidden fees.
  • avatarDec 30, 2021 · 3 years ago
    No, there are no hidden fees when using Cash App to buy or sell cryptocurrencies. Cash App does not charge any fees for buying or selling cryptocurrencies directly on their platform. However, it's important to note that there may be fees associated with the cryptocurrency exchange you are using. These fees can vary depending on the exchange and the specific transaction. It's recommended to review the fee structure of the exchange and consider any potential fees before making a transaction.
  • avatarDec 30, 2021 · 3 years ago
    When using Cash App to buy or sell cryptocurrencies, it's important to be aware of potential hidden fees. While Cash App itself does not charge any fees for buying or selling cryptocurrencies, there may be fees associated with the cryptocurrency exchange you are using. These fees can vary depending on the exchange and the specific transaction. Additionally, there may be network fees associated with the cryptocurrency you are trading. It's recommended to carefully review the fee structure of both Cash App and the cryptocurrency exchange to understand any potential fees before making a transaction. As always, it's important to do your own research and consider all factors before buying or selling cryptocurrencies.