common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with using round ups on cash app to purchase cryptocurrencies?

avatarN RajuDec 27, 2021 · 3 years ago3 answers

Can you explain if there are any fees associated with using round ups on cash app to purchase cryptocurrencies? I'm interested in knowing if there are any additional costs involved when using this feature.

Are there any fees associated with using round ups on cash app to purchase cryptocurrencies?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with using round ups on Cash App to purchase cryptocurrencies. When you enable the round ups feature, Cash App will automatically round up your everyday purchases to the nearest dollar and invest the spare change in cryptocurrencies. However, Cash App charges a small fee for each round up transaction. The fee is typically a percentage of the rounded-up amount, and it may vary depending on the specific cryptocurrency you're purchasing. It's important to review the fee structure on Cash App before using this feature to understand the exact costs involved.
  • avatarDec 27, 2021 · 3 years ago
    Using round ups on Cash App to purchase cryptocurrencies does come with fees. Cash App charges a fee for each round up transaction, which is deducted from the rounded-up amount. The fee is usually a small percentage of the rounded-up amount and can vary depending on the cryptocurrency being purchased. It's advisable to check the fee schedule on Cash App to get a clear understanding of the costs before using this feature.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with using round ups on Cash App to purchase cryptocurrencies. However, the fees are relatively low compared to other platforms. Cash App charges a small fee for each round up transaction, which is deducted from the rounded-up amount. The fee percentage may vary depending on the specific cryptocurrency. It's recommended to review the fee structure on Cash App to get a better understanding of the costs involved. Alternatively, you can consider using other platforms that offer lower or no fees for purchasing cryptocurrencies.