Cryptocurrency Q&A
How much does Cash App charge for bitcoin?
How much does Cash App charge for bitcoin?
EmeraldPulse
Sun Jul 07 2024
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6 answers
1532
I'm curious about the fees associated with buying and selling Bitcoin using Cash App. Could you elaborate on the specific charges for transactions involving bitcoin on the platform? I've heard that fees can vary depending on the amount and type of transaction, so I'd like to have a clear understanding of what I might expect to pay. Additionally, is there a flat fee or does the cost scale with the size of the transaction? I'd appreciate any insight you can provide on the cost structure for bitcoin transactions on Cash App.
6 answers
Carlo
Tue Jul 09 2024
When engaging in Bitcoin transactions through Cash App, users are subject to a fee structure that is based on the total exchange amount.
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KiteFlyer
Tue Jul 09 2024
For transactions involving smaller amounts, specifically those below $10, Cash App charges a percentage fee of 3%.
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SeoulSerenitySeeker
Tue Jul 09 2024
As the transaction amount increases, the fee percentage decreases. For transactions exceeding $5,000, the fee is reduced to 0.75%.
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Maria
Tue Jul 09 2024
Alongside the percentage-based fee, Cash App may also apply a spread on the exchange rate used for buying and selling Bitcoin.
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ethan_carter_engineer
Mon Jul 08 2024
This spread represents the difference between the market rate and the rate offered by Cash App, allowing it to profit from the exchange.
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