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Are there any restrictions on adding funds to cash app using cryptocurrencies?

avatarmary.claytonDec 19, 2021 · 3 years ago3 answers

What are the restrictions on adding funds to Cash App using cryptocurrencies?

Are there any restrictions on adding funds to cash app using cryptocurrencies?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are some restrictions when it comes to adding funds to Cash App using cryptocurrencies. Cash App currently supports Bitcoin, Ethereum, and Bitcoin Cash. However, there are limits on how much you can deposit and withdraw. For example, the maximum amount you can deposit in a 24-hour period is $10,000. Additionally, Cash App may require you to verify your identity before you can add funds using cryptocurrencies. It's important to note that these restrictions may vary depending on your location and account status.
  • avatarDec 19, 2021 · 3 years ago
    Adding funds to Cash App using cryptocurrencies is generally straightforward, but there are a few restrictions to keep in mind. First, Cash App only supports Bitcoin, Ethereum, and Bitcoin Cash, so you won't be able to add funds using other cryptocurrencies. Second, there are limits on how much you can deposit and withdraw. The maximum amount you can deposit in a 24-hour period is $10,000. Lastly, Cash App may require you to verify your identity before you can add funds using cryptocurrencies. These restrictions are in place to ensure the security and compliance of the platform.
  • avatarDec 19, 2021 · 3 years ago
    As a representative of BYDFi, I can confirm that there are restrictions on adding funds to Cash App using cryptocurrencies. Cash App currently supports Bitcoin, Ethereum, and Bitcoin Cash, but other cryptocurrencies are not accepted. There are also limits on how much you can deposit and withdraw. The maximum amount you can deposit in a 24-hour period is $10,000. Additionally, Cash App may require you to verify your identity before you can add funds using cryptocurrencies. These restrictions are in place to prevent fraud and ensure the safety of users' funds.