Are there any fees involved when buying bitcoin on CashApp?
Kuznicki DerricottDec 15, 2021 · 3 years ago3 answers
What are the fees associated with purchasing bitcoin on CashApp? Are there any additional charges or hidden costs?
3 answers
- Dec 15, 2021 · 3 years agoWhen buying bitcoin on CashApp, there are fees involved. CashApp charges a fee of 1.75% for each bitcoin transaction. This fee is included in the final price you pay for the bitcoin. So, if you're buying $100 worth of bitcoin, you'll actually receive $98.25 worth of bitcoin after the fee is deducted. It's important to keep this fee in mind when making a purchase on CashApp.
- Dec 15, 2021 · 3 years agoYes, there are fees when you buy bitcoin on CashApp. The fee is 1.75% of the transaction amount. So, if you're buying $100 worth of bitcoin, you'll be charged a fee of $1.75. This fee is deducted from the total amount of bitcoin you receive. CashApp is transparent about these fees and they are clearly displayed before you confirm your purchase.
- Dec 15, 2021 · 3 years agoWhen purchasing bitcoin on CashApp, there is a fee of 1.75% for each transaction. This fee covers the cost of processing the transaction and maintaining the platform. It's important to note that this fee is subject to change and may vary depending on market conditions. However, compared to other platforms, CashApp's fee is relatively low. If you're looking for a user-friendly and cost-effective way to buy bitcoin, CashApp is definitely worth considering.
Related Tags
Hot Questions
- 92
How can I protect my digital assets from hackers?
- 80
What is the future of blockchain technology?
- 68
What are the best practices for reporting cryptocurrency on my taxes?
- 59
What are the tax implications of using cryptocurrency?
- 59
How does cryptocurrency affect my tax return?
- 59
What are the best digital currencies to invest in right now?
- 56
What are the advantages of using cryptocurrency for online transactions?
- 27
Are there any special tax rules for crypto investors?