How does Coinbase charge for withdrawing funds to PayPal?
Raghvendra Pratap SinghDec 30, 2021 · 3 years ago3 answers
Can you explain the fee structure for withdrawing funds from Coinbase to PayPal?
3 answers
- Dec 30, 2021 · 3 years agoSure! When you withdraw funds from Coinbase to PayPal, there is a fee involved. Coinbase charges a flat fee of 2% for the transaction. This means that if you withdraw $100, you will be charged $2. The fee is deducted from the total amount you are withdrawing. Keep in mind that PayPal may also charge additional fees for receiving the funds.
- Dec 30, 2021 · 3 years agoWhen you withdraw funds from Coinbase to PayPal, you will be charged a fee of 2% of the total amount. This fee is automatically deducted from the amount you are withdrawing. For example, if you withdraw $100, the fee will be $2 and you will receive $98 in your PayPal account. It's important to note that the fee may vary depending on your location and the currency you are withdrawing.
- Dec 30, 2021 · 3 years agoWithdrawal fees for Coinbase to PayPal transactions are set at 2% of the total amount. This fee is applied to cover the costs associated with the transfer and processing of the funds. It's worth mentioning that other cryptocurrency exchanges may have different fee structures, so it's always a good idea to compare fees before making a withdrawal.
Related Tags
Hot Questions
- 95
What are the advantages of using cryptocurrency for online transactions?
- 90
What are the tax implications of using cryptocurrency?
- 69
How does cryptocurrency affect my tax return?
- 65
What are the best digital currencies to invest in right now?
- 58
How can I protect my digital assets from hackers?
- 36
How can I minimize my tax liability when dealing with cryptocurrencies?
- 33
What is the future of blockchain technology?
- 28
What are the best practices for reporting cryptocurrency on my taxes?