What are the fees associated with using a credit card to buy digital currencies on Cash App?
Patty annMay 26, 2022 · 3 years ago1 answers
Can you please provide me with more information about the fees associated with using a credit card to buy digital currencies on Cash App? I would like to know the specific charges and if there are any additional fees involved.
1 answers
- May 26, 2022 · 3 years agoWhen using a credit card to buy digital currencies on Cash App, there is a fee of 3% for each transaction. This fee is deducted from the total amount of digital currencies you receive. It's important to note that this fee is subject to change and may vary depending on the specific terms and conditions set by Cash App. Additionally, some credit card issuers may charge a cash advance fee for purchasing digital currencies. It's always a good idea to review the fees and terms of your credit card and Cash App before making any transactions to ensure you are aware of any potential charges.
Related Tags
Hot Questions
- 99
What is the future of blockchain technology?
- 65
How does cryptocurrency affect my tax return?
- 63
What are the advantages of using cryptocurrency for online transactions?
- 56
Are there any special tax rules for crypto investors?
- 53
How can I protect my digital assets from hackers?
- 46
How can I minimize my tax liability when dealing with cryptocurrencies?
- 37
What are the best digital currencies to invest in right now?
- 23
What are the best practices for reporting cryptocurrency on my taxes?