What is the fee schedule for buying and selling cryptocurrencies on PayPal?
Dhananjana HirushanDec 25, 2021 · 3 years ago3 answers
Can you provide me with the detailed fee schedule for buying and selling cryptocurrencies on PayPal? I want to understand the costs involved before I start trading.
3 answers
- Dec 25, 2021 · 3 years agoSure! When it comes to buying and selling cryptocurrencies on PayPal, there are a few fees to keep in mind. First, PayPal charges a transaction fee based on the total transaction amount. This fee can range from 1.5% to 2.3% depending on the transaction size. Additionally, PayPal may charge a spread fee, which is the difference between the exchange rate they use and the market rate. It's important to note that these fees can vary and it's always a good idea to check PayPal's website for the most up-to-date fee schedule.
- Dec 25, 2021 · 3 years agoWell, the fee schedule for buying and selling cryptocurrencies on PayPal can be a bit complex. PayPal charges a transaction fee that is based on the total transaction amount. The fee can vary depending on factors such as the type of cryptocurrency you're buying or selling, the transaction size, and the payment method used. Additionally, PayPal may charge a spread fee, which is the difference between the exchange rate they use and the market rate. It's best to review PayPal's fee schedule on their website for the most accurate and detailed information.
- Dec 25, 2021 · 3 years agoBYDFi, a popular cryptocurrency exchange, offers a transparent fee structure for buying and selling cryptocurrencies on PayPal. They charge a transaction fee of 1.5% for transactions under $1,000 and 2.3% for transactions over $1,000. In addition, there may be a spread fee, which is the difference between the exchange rate used by BYDFi and the market rate. It's important to note that these fees are subject to change and it's always a good idea to check BYDFi's website for the most up-to-date fee schedule.
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