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Are there any fees or limitations when cashing out cryptocurrency with Cash App?

avatarAshish SahDec 16, 2021 · 3 years ago1 answers

What are the fees and limitations associated with cashing out cryptocurrency using Cash App?

Are there any fees or limitations when cashing out cryptocurrency with Cash App?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    When it comes to cashing out cryptocurrency with Cash App, there are a few fees and limitations to keep in mind. Cash App charges a fee of 1.75% for each transaction, which is deducted from the total amount you cash out. Additionally, there may be network fees associated with the specific cryptocurrency you are cashing out. These network fees are determined by the blockchain network and can vary depending on network congestion and other factors. As for limitations, Cash App has certain daily and weekly limits on how much cryptocurrency you can cash out. These limits are in place to prevent fraud and ensure the security of your funds. It's important to note that these fees and limitations may vary depending on your account verification level and the specific cryptocurrency you are cashing out. It's always a good idea to check the Cash App website or contact their customer support for the most accurate and up-to-date information on fees and limitations.