What are the fees associated with using a cash app debit card for purchasing digital currencies?
Imani Ringgold-DabellDec 29, 2021 · 3 years ago1 answers
Can you provide information on the fees that are charged when using a cash app debit card to purchase digital currencies? I am interested in understanding the costs involved before I make any transactions.
1 answers
- Dec 29, 2021 · 3 years agoWhen using a cash app debit card for purchasing digital currencies, there may be fees involved. These fees can include transaction fees, withdrawal fees, and network fees. Transaction fees are charged by the cash app provider for processing the transaction. Withdrawal fees may apply if you decide to transfer your digital currencies to an external wallet or another platform. Network fees are charged by the digital currency network for validating and confirming the transaction. The exact fees and their amounts can vary depending on the cash app provider and the digital currency being purchased. It's advisable to check the fee structure provided by your cash app provider to have a clear understanding of the fees associated with using their debit card for digital currency transactions.
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