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Are there any fees associated with receiving money on Cash App through cryptocurrency transactions?

avatarBalaharisankar .LDec 24, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when receiving money on Cash App through cryptocurrency transactions? I want to make sure I understand the costs involved before I start using this feature.

Are there any fees associated with receiving money on Cash App through cryptocurrency transactions?

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Yes, there are fees associated with receiving money on Cash App through cryptocurrency transactions. When you receive money in cryptocurrency, Cash App charges a fee of 1.5% for each transaction. This fee is deducted from the total amount you receive. So, if you receive $100 worth of cryptocurrency, you will actually receive $98.50 after the fee is deducted. It's important to keep this fee in mind when using Cash App for cryptocurrency transactions.
  • avatarDec 24, 2021 · 3 years ago
    Absolutely! Cash App does charge a fee for receiving money through cryptocurrency transactions. The fee is 1.5% of the total transaction amount. For example, if you receive $100 worth of cryptocurrency, you will be charged a fee of $1.50. This fee will be deducted from the amount you receive. So, you will actually receive $98.50. It's always a good idea to be aware of the fees involved in any financial transaction.
  • avatarDec 24, 2021 · 3 years ago
    Yes, there are fees associated with receiving money on Cash App through cryptocurrency transactions. Cash App charges a fee of 1.5% for each transaction. For example, if you receive $100 worth of cryptocurrency, you will be charged a fee of $1.50. This fee will be deducted from the total amount you receive. So, you will actually receive $98.50. Keep in mind that these fees may vary depending on the current market conditions and the specific cryptocurrency you are receiving.