Are there any fees associated with receiving money from a cash app through cryptocurrencies?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, there are fees associated with receiving money in cryptocurrencies through a cash app. The fees vary depending on the specific cash app and the cryptocurrency being used. Some cash apps charge a flat fee for each transaction, while others may charge a percentage of the transaction amount. Additionally, there may be network fees associated with the cryptocurrency itself, such as miner fees for Bitcoin transactions. It's important to check the fee structure of the specific cash app and cryptocurrency you are using to understand the costs involved.
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• Dec 25, 2021 · 3 years ago
  Receiving money in cryptocurrencies through a cash app may incur fees. The fees can be different for each cash app and cryptocurrency. Some cash apps charge a fixed fee for each transaction, while others may charge a percentage of the transaction amount. Additionally, there may be network fees associated with the cryptocurrency, such as gas fees for Ethereum transactions. It's advisable to review the fee schedule of the cash app and the specific cryptocurrency to determine the exact fees that may apply.
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• Dec 25, 2021 · 3 years ago
  Yes, there are fees associated with receiving money in cryptocurrencies through a cash app. For example, BYDFi charges a flat fee of 1% for each transaction involving cryptocurrencies. This fee covers the processing and security measures implemented by BYDFi to ensure the safe transfer of funds. It's important to consider these fees when using a cash app to receive money in cryptocurrencies, as they can impact the overall amount you receive.
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