common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with using CashApp's credit card for purchasing digital currencies?

avatarManjusha CDec 29, 2021 · 3 years ago3 answers

I would like to know the fees associated with using CashApp's credit card for purchasing digital currencies. Can you provide a breakdown of the fees involved?

What are the fees associated with using CashApp's credit card for purchasing digital currencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When using CashApp's credit card to purchase digital currencies, there are a few fees that you should be aware of. Firstly, CashApp charges a fee of 3% for each transaction made with the credit card. This fee is applied to the total amount of the transaction. Additionally, there might be additional fees imposed by the digital currency exchange platform you are using. It's important to check with the specific exchange to understand their fee structure. Overall, it's crucial to consider these fees when using CashApp's credit card for purchasing digital currencies.
  • avatarDec 29, 2021 · 3 years ago
    Using CashApp's credit card for purchasing digital currencies comes with certain fees. The main fee you need to be aware of is the 3% transaction fee charged by CashApp. This fee is calculated based on the total amount of the transaction. It's important to note that this fee is separate from any fees charged by the digital currency exchange platform. These additional fees can vary depending on the exchange you are using. It's recommended to review the fee structure of the specific exchange before making any transactions.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to using CashApp's credit card for purchasing digital currencies, there are a few fees to consider. CashApp charges a 3% transaction fee for each purchase made with the credit card. This fee is calculated based on the total amount of the transaction. It's worth noting that the fees imposed by the digital currency exchange platform may vary. Therefore, it's important to research and compare the fee structures of different exchanges to find the most cost-effective option. BYDFi, for example, offers competitive fee rates for purchasing digital currencies with CashApp's credit card.