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Are there any fees associated with requesting money on a cash app using cryptocurrency?

avatarMuhammad Murtaza BaigNov 24, 2021 · 3 years ago3 answers

When using cryptocurrency on a cash app, are there any fees that need to be paid when requesting money?

Are there any fees associated with requesting money on a cash app using cryptocurrency?

3 answers

  • avatarNov 24, 2021 · 3 years ago
    Yes, there may be fees associated with requesting money on a cash app using cryptocurrency. The specific fees can vary depending on the cash app and the type of cryptocurrency used. It is important to check the app's fee schedule or contact their customer support for detailed information on the fees involved. Some common types of fees that may be charged include transaction fees, network fees, and conversion fees if the requested money needs to be converted to a different cryptocurrency or fiat currency.
  • avatarNov 24, 2021 · 3 years ago
    Absolutely! When you request money on a cash app using cryptocurrency, there might be fees involved. These fees can vary depending on the app and the specific cryptocurrency you are using. It's always a good idea to check the app's fee structure or reach out to their support team for more information. Remember, fees are a normal part of using cryptocurrency, so it's important to factor them into your transactions and budget accordingly.
  • avatarNov 24, 2021 · 3 years ago
    Yes, there are fees associated with requesting money on a cash app using cryptocurrency. However, the fees can vary depending on the app and the specific cryptocurrency you are using. For example, some cash apps may charge a flat fee per transaction, while others may charge a percentage-based fee. It's important to review the app's fee schedule and terms of service to understand the exact fees involved. Additionally, keep in mind that network fees may also apply when using cryptocurrency, as transactions need to be verified and added to the blockchain.