Which platform, PayPal or Coinbase, has lower fees for buying cryptocurrencies?
prasanna deshpandeDec 27, 2021 · 3 years ago3 answers
I'm trying to figure out which platform, PayPal or Coinbase, has lower fees for buying cryptocurrencies. Can you provide some insights on the fee structures of these two platforms and compare them?
3 answers
- Dec 27, 2021 · 3 years agoWhen it comes to fees for buying cryptocurrencies, PayPal and Coinbase have different fee structures. PayPal charges a fee of 2.3% for transactions under $100, and the fee decreases as the transaction amount increases. On the other hand, Coinbase charges a fee of 1.49% for transactions under $200, and the fee decreases for larger transactions. So, if you're planning to make smaller transactions, PayPal might have lower fees. However, for larger transactions, Coinbase could be more cost-effective.
- Dec 27, 2021 · 3 years agoIf you're looking for lower fees for buying cryptocurrencies, it's important to consider both PayPal and Coinbase. PayPal charges a fee of 2.3% for transactions under $100, while Coinbase charges a fee of 1.49% for transactions under $200. However, it's worth noting that Coinbase offers lower fees for larger transactions. So, if you're planning to make smaller transactions, PayPal might be a better option. But if you're looking to make larger transactions, Coinbase could save you more in fees.
- Dec 27, 2021 · 3 years agoWhen comparing the fees for buying cryptocurrencies on PayPal and Coinbase, it's important to consider your transaction size. PayPal charges a fee of 2.3% for transactions under $100, which can be higher compared to Coinbase's fee of 1.49% for transactions under $200. However, as the transaction amount increases, Coinbase's fee decreases, making it more cost-effective for larger transactions. So, if you're planning to buy cryptocurrencies in smaller amounts, PayPal might have lower fees. But if you're making larger transactions, Coinbase could be the better choice in terms of fees.
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