Cryptocurrency Q&A
Why is Cash App charging so much to send Bitcoin?
Why is Cash App charging so much to send Bitcoin?
WhisperWind
Sun Dec 01 2024
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7
answers
1413
I tried using Cash App to send Bitcoin, but I was charged a significant amount. This seems unusual as other platforms offer more competitive rates. I'm wondering why Cash App is charging so much for this service.
7 answers
Daniela
Tue Dec 03 2024
For transactions that do incur fees, Cash App employs a Pro Rata method for calculation.
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CryptoWizardry
Tue Dec 03 2024
Cash App implements transfer fees for certain transactions involving bitcoin.
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Elena
Tue Dec 03 2024
When withdrawing or depositing bitcoin to or from external addresses, users may incur fees.
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Starlight
Tue Dec 03 2024
These fees, however, do not extend to peer-to-peer (P2P) transfers within the Cash App platform.
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Michele
Mon Dec 02 2024
Pro Rata fees are determined based on a customer's proportional share of the network transaction fee.
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