Are there any fees associated with using 1040 from cash app for buying and selling cryptocurrencies?

3 answers

• Mr FirmanApr 30, 2024 · a year ago
  Yes, there are fees associated with using 1040 from Cash App for buying and selling cryptocurrencies. When you buy or sell cryptocurrencies on Cash App, they charge a fee of 1.5% for each transaction. This fee is automatically deducted from the transaction amount. So, if you buy $100 worth of cryptocurrencies, you will actually receive $98.50 worth of cryptocurrencies after the fee deduction. It's important to keep this in mind when calculating your investment returns.
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• Post SharmaSep 03, 2022 · 3 years ago
  Absolutely! Cash App charges a fee of 1.5% for buying and selling cryptocurrencies using 1040. This fee is quite competitive compared to other platforms in the market. However, it's always a good idea to compare fees across different platforms to ensure you're getting the best deal. Additionally, keep in mind that fees may vary depending on the size of your transaction and the current market conditions. So, it's essential to stay updated with the latest fee structure on Cash App.
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• Iuliashka KachanJul 23, 2021 · 4 years ago
  Yes, there are fees associated with using 1040 from Cash App for buying and selling cryptocurrencies. However, the fees are relatively low compared to other platforms. Cash App charges a fee of 1.5% for each transaction, which is deducted from the transaction amount. This fee covers the cost of processing your transaction and maintaining the platform's infrastructure. It's important to consider these fees when making your investment decisions, as they can impact your overall returns.
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