How does Cash App charge for withdrawing digital assets?
Deepak KorrapatiDec 19, 2021 · 3 years ago3 answers
Can you explain the fee structure for withdrawing digital assets on Cash App?
3 answers
- Dec 19, 2021 · 3 years agoWhen it comes to withdrawing digital assets on Cash App, there are some fees involved. The fee structure varies depending on the type of digital asset you're withdrawing. Generally, Cash App charges a percentage-based fee for each withdrawal. The fee is typically around 1.5% to 2.5% of the total amount being withdrawn. It's important to note that these fees can change over time, so it's always a good idea to check the latest fee schedule on Cash App's website or app before making a withdrawal.
- Dec 19, 2021 · 3 years agoCash App charges a fee for withdrawing digital assets, but the exact amount depends on the specific asset. The fee is usually a percentage of the total amount being withdrawn. For example, if you're withdrawing Bitcoin, the fee might be around 1.5% to 2.5%. However, if you're withdrawing a different digital asset like Ethereum or Litecoin, the fee might be slightly different. It's best to check the fee schedule on Cash App for the most accurate and up-to-date information.
- Dec 19, 2021 · 3 years agoWhen it comes to withdrawing digital assets on Cash App, the fees are determined by the network fees associated with each asset. Cash App uses a third-party service to process these transactions, and they pass along the network fees to the users. The exact fee amount can vary depending on the current network congestion and other factors. It's important to note that Cash App itself does not charge any additional fees on top of the network fees. So, if you're withdrawing Bitcoin, for example, you'll be responsible for paying the Bitcoin network fees as well.
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