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What are the fees associated with selling bitcoin on Cash App?

avatarChakriDec 17, 2021 · 3 years ago3 answers

Can you provide a detailed explanation of the fees involved when selling bitcoin on Cash App?

What are the fees associated with selling bitcoin on Cash App?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    When selling bitcoin on Cash App, there are a few fees to keep in mind. First, there is a transaction fee of 1.75% applied to the total transaction amount. This fee is deducted from the proceeds of the sale. Additionally, if you are selling bitcoin for a fiat currency (such as USD), there may be a small fee for converting the bitcoin to the fiat currency. The conversion fee varies depending on the current market conditions and can range from 0.5% to 2%. It's important to note that these fees are subject to change and it's always a good idea to check the latest fee structure on the Cash App website or app before making any transactions.
  • avatarDec 17, 2021 · 3 years ago
    Selling bitcoin on Cash App comes with certain fees. The transaction fee is 1.75% of the total amount, which is deducted from the sale proceeds. There may also be a conversion fee if you are selling bitcoin for a fiat currency. The conversion fee can range from 0.5% to 2% depending on market conditions. It's recommended to check the Cash App website or app for the most up-to-date fee information before selling bitcoin.
  • avatarDec 17, 2021 · 3 years ago
    When you sell bitcoin on Cash App, there are fees involved. The transaction fee is 1.75% of the total amount, and it is deducted from the sale proceeds. If you are converting bitcoin to a fiat currency, there may be an additional conversion fee ranging from 0.5% to 2%. It's important to keep in mind that these fees can vary and it's always a good idea to check the latest fee structure on the Cash App website or app. BYDFi, another popular cryptocurrency exchange, also charges fees for selling bitcoin, but their fee structure may be different. It's worth comparing the fees of different exchanges before making a decision.