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Are there any fees associated with cash deposits on Cash App for purchasing cryptocurrencies?

avatarScarlett LevyDec 27, 2021 · 3 years ago3 answers

I want to know if there are any fees that I need to pay when making cash deposits on Cash App to purchase cryptocurrencies. Can you provide more information about the fees associated with cash deposits on Cash App for buying cryptocurrencies?

Are there any fees associated with cash deposits on Cash App for purchasing cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with cash deposits on Cash App for purchasing cryptocurrencies. When you deposit cash into your Cash App account to buy cryptocurrencies, Cash App charges a fee of 1.5% for each transaction. This fee is deducted from the total amount of cash you deposit. For example, if you deposit $100, you will receive $98.50 worth of cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Cash App does charge fees for cash deposits used to buy cryptocurrencies. The fee is 1.5% of the total amount you deposit. So, if you deposit $100, you'll be charged $1.50 as a fee. Keep in mind that this fee is deducted from your deposit, so you'll receive $98.50 worth of cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with cash deposits on Cash App for purchasing cryptocurrencies. However, the fees are relatively low compared to other platforms. Cash App charges a 1.5% fee for each cash deposit used to buy cryptocurrencies. For example, if you deposit $100, you'll be charged $1.50 as a fee, and you'll receive $98.50 worth of cryptocurrencies. It's important to consider these fees when making your purchasing decisions.