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Are there any monthly fees associated with using Cash App for buying and selling cryptocurrencies?

avatarTongdaDec 19, 2021 · 3 years ago3 answers

Can you tell me if there are any monthly fees that I need to pay when using Cash App for buying and selling cryptocurrencies? I'm interested in using Cash App for my crypto transactions, but I want to make sure I understand all the costs involved.

Are there any monthly fees associated with using Cash App for buying and selling cryptocurrencies?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are monthly fees associated with using Cash App for buying and selling cryptocurrencies. Cash App charges a monthly subscription fee of $5 for its Cash App Investing feature, which includes the ability to buy and sell cryptocurrencies. This fee covers the cost of providing the service and maintaining the platform. However, it's important to note that Cash App does not charge any additional fees for individual crypto transactions, such as buying or selling Bitcoin or Ethereum. So, while there is a monthly fee, you won't incur any extra charges for each crypto transaction you make.
  • avatarDec 19, 2021 · 3 years ago
    No, there are no monthly fees associated with using Cash App for buying and selling cryptocurrencies. Cash App offers its crypto services for free, allowing users to buy and sell Bitcoin and other cryptocurrencies without any additional charges. However, it's worth mentioning that Cash App may apply a spread to the exchange rate when buying or selling cryptocurrencies, which means you may not get the exact market price. But overall, there are no monthly fees to worry about when using Cash App for your crypto transactions.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are monthly fees associated with using Cash App for buying and selling cryptocurrencies. However, it's important to note that these fees are only applicable if you choose to use Cash App Investing. Cash App Investing offers a range of investment options, including cryptocurrencies, and charges a monthly subscription fee of $5. If you're only interested in buying and selling cryptocurrencies, you can use Cash App's basic features without incurring any monthly fees. So, if you're looking to minimize costs, you can still use Cash App for your crypto transactions without paying any additional fees.