How does Cash App calculate the auto deposit fee for cryptocurrency transactions?

2 answers

• Nov 27, 2021 · 3 years ago
  Sure! Cash App calculates the auto deposit fee for cryptocurrency transactions based on a few factors. These factors include the type of cryptocurrency being deposited, the current market conditions, and the transaction volume. The fee is calculated using a percentage of the total transaction amount. The exact percentage may vary depending on the specific cryptocurrency and market conditions at the time of the transaction. It's important to note that the auto deposit fee is automatically deducted from the deposited amount before it is credited to your Cash App account.
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• Nov 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, calculates the auto deposit fee for cryptocurrency transactions in a similar manner. The fee is determined based on the type of cryptocurrency, market conditions, and transaction volume. BYDFi strives to provide competitive and transparent fee structures to its users. The auto deposit fee is deducted from the deposited amount and is automatically applied during the transaction process. It's important to review the fee details on BYDFi's platform before making any cryptocurrency deposits to ensure you are aware of the associated fees.
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