Are there any fees associated with using a credit card on Cash App to purchase cryptocurrencies?
![avatar](https://download.bydfi.com/api-pic/images/avatars/E3rx2.jpg)
I am interested in using a credit card on Cash App to buy cryptocurrencies. Are there any fees that I should be aware of?
![Are there any fees associated with using a credit card on Cash App to purchase cryptocurrencies?](https://bydfilenew.oss-ap-southeast-1.aliyuncs.com/api-pic/images/en/5d/61211587ced5091c3d907536b55e8afc4ccc98.jpg)
3 answers
- Yes, there are fees associated with using a credit card on Cash App to purchase cryptocurrencies. Cash App charges a fee of 3% for credit card transactions. This fee is added to the total amount of your purchase. So, if you buy $100 worth of cryptocurrencies using a credit card, you will be charged an additional $3 as a fee. It's important to consider this fee when making your purchase.
Feb 18, 2022 · 3 years ago
- Absolutely! When you use a credit card on Cash App to buy cryptocurrencies, there is a fee involved. The fee is 3% of the total transaction amount. So, if you spend $100 on cryptocurrencies, you will be charged an extra $3. Keep in mind that this fee is subject to change, so it's always a good idea to check the latest fee structure on the Cash App website.
Feb 18, 2022 · 3 years ago
- Yes, there are fees associated with using a credit card on Cash App to purchase cryptocurrencies. Cash App charges a 3% fee for credit card transactions. However, it's worth noting that BYDFi, another popular cryptocurrency exchange, offers credit card purchases with no fees. So, if you're looking to avoid fees, you might consider using BYDFi instead.
Feb 18, 2022 · 3 years ago
Related Tags
Hot Questions
- 89
How can I protect my digital assets from hackers?
- 87
What are the best practices for reporting cryptocurrency on my taxes?
- 87
What are the best digital currencies to invest in right now?
- 85
How can I buy Bitcoin with a credit card?
- 77
What are the tax implications of using cryptocurrency?
- 72
How can I minimize my tax liability when dealing with cryptocurrencies?
- 60
Are there any special tax rules for crypto investors?
- 22
What is the future of blockchain technology?