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Are there any fees or limitations when adding PayPal to Coinbase?

avatarcluelessDec 30, 2021 · 3 years ago5 answers

What are the fees and limitations associated with adding PayPal as a payment method on Coinbase?

Are there any fees or limitations when adding PayPal to Coinbase?

5 answers

  • avatarDec 30, 2021 · 3 years ago
    When adding PayPal as a payment method on Coinbase, there are certain fees and limitations to be aware of. First, Coinbase charges a fee of 3.99% for each transaction made using PayPal. This fee is higher compared to other payment methods such as bank transfers or debit/credit cards. Additionally, there is a daily limit of $25,000 for PayPal transactions on Coinbase. This means that you cannot exceed this limit when buying or selling digital currencies using PayPal. It's important to keep these fees and limitations in mind when considering PayPal as a payment option on Coinbase.
  • avatarDec 30, 2021 · 3 years ago
    Adding PayPal to Coinbase comes with its own set of fees and limitations. Coinbase charges a transaction fee of 3.99% for PayPal payments, which is higher than the fees for other payment methods. Additionally, there is a daily transaction limit of $25,000 when using PayPal on Coinbase. This means that you cannot make transactions exceeding this limit in a single day. It's important to factor in these fees and limitations when deciding to use PayPal on Coinbase.
  • avatarDec 30, 2021 · 3 years ago
    When it comes to adding PayPal to Coinbase, there are fees and limitations that you should be aware of. Coinbase charges a transaction fee of 3.99% for PayPal payments, which is higher compared to other payment methods. In addition, there is a daily limit of $25,000 for PayPal transactions on Coinbase. This means that you cannot exceed this limit when using PayPal to buy or sell digital currencies. Keep these fees and limitations in mind when considering PayPal as a payment option on Coinbase. Please note that BYDFi, a digital currency exchange, also has its own fees and limitations for PayPal transactions. It's important to review the terms and conditions of each platform before making any transactions.
  • avatarDec 30, 2021 · 3 years ago
    Adding PayPal as a payment method on Coinbase does come with fees and limitations. Coinbase charges a transaction fee of 3.99% for PayPal payments, which is higher compared to other payment methods. Additionally, there is a daily limit of $25,000 for PayPal transactions on Coinbase. This means that you cannot exceed this limit when using PayPal to buy or sell digital currencies. It's important to consider these fees and limitations when deciding to use PayPal on Coinbase. However, it's worth noting that PayPal is a widely accepted payment method in the digital currency industry and provides convenience for many users.
  • avatarDec 30, 2021 · 3 years ago
    Yes, there are fees and limitations when adding PayPal to Coinbase. Coinbase charges a transaction fee of 3.99% for PayPal payments, which is higher compared to other payment methods. Additionally, there is a daily limit of $25,000 for PayPal transactions on Coinbase. This means that you cannot exceed this limit when using PayPal to buy or sell digital currencies. It's important to take these fees and limitations into account when considering PayPal as a payment option on Coinbase. If you're looking for alternative payment methods with lower fees, you may consider bank transfers or debit/credit cards.