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What are the fees associated with withdrawing bitcoin through the Cash App?

avatarDanEnigmaMar 30, 2022 · 3 years ago3 answers

Can you please provide more details about the fees associated with withdrawing bitcoin through the Cash App? I'm interested in knowing the specific charges and if there are any additional fees or hidden costs that I should be aware of.

What are the fees associated with withdrawing bitcoin through the Cash App?

3 answers

  • avatarMar 30, 2022 · 3 years ago
    When it comes to withdrawing bitcoin through the Cash App, there are a few fees to keep in mind. First, there is a standard fee of 1.75% applied to each transaction. This fee is calculated based on the current market price of bitcoin at the time of the transaction. Additionally, if you choose to withdraw your bitcoin to an external wallet, there may be network fees associated with the transaction. These network fees are determined by the bitcoin network and can vary depending on the current network congestion. It's important to note that the Cash App does not charge any additional fees for withdrawing bitcoin to an external wallet, apart from the standard transaction fee. However, it's always a good idea to double-check with your wallet provider to see if they charge any fees for receiving bitcoin.
  • avatarMar 30, 2022 · 3 years ago
    Withdrawal fees for bitcoin through the Cash App can be a bit tricky to understand, but I'll do my best to break it down for you. When you withdraw bitcoin from the Cash App, there is a standard fee of 1.75% that is applied to the transaction. This fee is deducted from the total amount of bitcoin you are withdrawing. In addition to this fee, there may also be network fees associated with the transaction. These network fees are charged by the bitcoin network and can vary depending on the current network congestion. It's important to keep in mind that the Cash App does not charge any additional fees for withdrawing bitcoin to an external wallet, apart from the standard transaction fee. However, it's always a good idea to check with your wallet provider to see if they charge any fees for receiving bitcoin.
  • avatarMar 30, 2022 · 3 years ago
    When withdrawing bitcoin through the Cash App, there are a few fees to consider. The main fee is a standard 1.75% fee that is applied to each transaction. This fee is calculated based on the current market price of bitcoin at the time of the transaction. In addition to this fee, there may be network fees associated with the transaction if you choose to withdraw your bitcoin to an external wallet. These network fees are determined by the bitcoin network and can vary depending on the current network congestion. It's important to note that the Cash App does not charge any additional fees for withdrawing bitcoin to an external wallet, apart from the standard transaction fee. However, it's always a good idea to check with your wallet provider to see if they charge any fees for receiving bitcoin.