Are there any fees associated with using cash app or turbotax for cryptocurrency transactions?
Milly NamayanjaJan 14, 2022 · 3 years ago3 answers
Can you tell me if there are any fees involved in using cash app or turbotax for cryptocurrency transactions? I'm considering using these platforms for my crypto transactions, but I want to make sure I understand all the costs involved.
3 answers
- Jan 14, 2022 · 3 years agoYes, there are fees associated with using cash app or turbotax for cryptocurrency transactions. Cash app charges a fee of 1.5% for buying or selling Bitcoin, while turbotax charges a fee of 0.5% for cryptocurrency transactions. These fees may vary depending on the specific transaction and the amount involved. It's important to check the latest fee structure on their respective websites before making any transactions.
- Jan 14, 2022 · 3 years agoAbsolutely! Both cash app and turbotax charge fees for cryptocurrency transactions. Cash app charges a fee of 1.5% for buying or selling Bitcoin, and turbotax charges a fee of 0.5% for cryptocurrency transactions. These fees are deducted from the transaction amount and may vary based on the specific transaction and the amount involved. It's always a good idea to review the fee structure on their websites to get the most accurate and up-to-date information.
- Jan 14, 2022 · 3 years agoYes, there are fees associated with using cash app or turbotax for cryptocurrency transactions. Cash app charges a fee of 1.5% for buying or selling Bitcoin, while turbotax charges a fee of 0.5% for cryptocurrency transactions. These fees are relatively low compared to some other platforms, but it's still important to consider them when making transactions. Keep in mind that fees may vary depending on the specific transaction and the amount involved, so it's a good idea to check the latest fee structure on their websites.
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