How much is the Cash App bitcoin withdrawal fee?
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The new fee structure is finally here for those who use the Square Cash App for bitcoin purchases. While previously all fees were baked into the spread, the company recently separated them to provide users with greater transparency. Previously, the fees were part of the spread, but now they are separate, at 1.76 per cent per transaction. Whether the new fees are justified or not is unclear. However, the fee structure is good for the cash app user.
There is a small service fee when you buy bitcoin on Cash App. This fee appears on the confirmation screen, but it is negotiable. In addition to the service fee, the platform also charges an additional fee depending on the Bitcoin price volatility. While the fees may seem steep compared to other methods, these fees are worth paying for the convenience of quick transactions. And while you should consider the fees before making a transaction, you should also keep in mind the fee structure of other Bitcoin wallets.