Cash App Raises Minimum Bitcoin Withdrawal To 100,000 Sats
A raise to the Cash App bitcoin withdrawal minimum suggests increasing transactions and fees were becoming a burden.Square’s Cash App has raised its minimum withdrawal minimum to .001 bitcoin (100,000 satoshis), up from the previous minimum of .0001 bitcoin (10,000 satoshis). According to the Cash App withdrawal instructions page, “You must have a balance of at least 0.001 bitcoin to make a withdrawal. You can withdraw up to $2,000 worth of bitcoin every 24 hours and up to $5,000 within any 7-day period. Transfers to external wallets usually take around two hours but can take longer.” Per....
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A 0.001 BTC withdrawal is equivalent to around $51.80 based on current prices. Square's Cash App, a Bitcoin-friendly mobile payments platform, has raised its minimum withdrawal requirements for BTC holders.The minimum withdrawal amount for Bitcoin accounts is now 0.001 BTC, or 100,000 satoshis, compared with 0.0001 BTC, or 10,000 satoshis, previously. With Bitcoin hovering around $51,800, 0.001 BTC is equivalent to $51.80. The leading cryptocurrency was in the midst of another large correction on Thursday, having fallen 6%. Bitcoin is down over 19% over the past seven days, according to....
CEX. IO halves minimum limits for US Dollars withdrawals and introduces Individual Business and Corporate accounts. CEX. IO Bitcoin Exchange announces decreasing fees for withdrawals in USD and EUR, as well as lowering minimum limits for respective withdrawals. From now on, CEX. IO users will be able to withdraw their fiat earnings with better conditions, being charged a considerably lower commission. Thus, a fee for withdrawing US Dollars via bank transfer has decreased from $50 to $35 per transaction. Meanwhile, withdrawal cost in EUR remains only €10 within an ordinary SWIFT withdrawal,....
It's not only the duty of the Bitcoin fathers out there, but the obligation to continue to stack sats for our children.
“Stacking Sats,” or purchasing small amounts of bitcoin over long periods of time, can pay off.
To put this into perspective, withdrawing US$100 from such a device would cost about US$9 in fees. The world of finance is undergoing some significant changes, although they are not always positive. Stopping by an out-of-network ATM to withdraw cash is becoming more expensive than ever before. Average fees have reached a new all-time high of US$4.57, a result of ten straight years of increases. Another push to go cashless, or is something else going on behind the scenes? Out-of-network ATMs are not all that uncommon, as only half of all teller machines are operated by banks themselves.....