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What are the fees for depositing money into Cash App using cryptocurrency?

avatarMinn KhantDec 16, 2021 · 3 years ago3 answers

Can you please provide more details about the fees associated with depositing money into Cash App using cryptocurrency?

What are the fees for depositing money into Cash App using cryptocurrency?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When depositing money into Cash App using cryptocurrency, there are fees involved. The fees vary depending on the amount of money you are depositing and the type of cryptocurrency you are using. Generally, the fees range from 1.5% to 3% of the total transaction amount. 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 a deposit.
  • avatarDec 16, 2021 · 3 years ago
    The fees for depositing money into Cash App using cryptocurrency can be a bit confusing. Cash App charges a fee for each transaction, which is typically a percentage of the total amount being deposited. The exact fee percentage depends on various factors such as the cryptocurrency being used and the transaction volume. It's recommended to review the fee schedule provided by Cash App to get a clear understanding of the fees associated with your specific transaction.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a digital currency exchange, offers a competitive fee structure for depositing money into Cash App using cryptocurrency. The fees are based on a tiered system, where the fee percentage decreases as the transaction volume increases. For example, for transactions under $1,000, the fee is 2%. However, for transactions over $1,000, the fee decreases to 1.5%. This fee structure is designed to provide cost-effective options for users who frequently deposit money into Cash App using cryptocurrency.