Are there any fees associated with using PayPal friends and family for cryptocurrency transactions?

Can you tell me if there are any fees involved when using PayPal friends and family for cryptocurrency transactions? I'm interested in knowing if there are any charges or costs associated with this specific payment method for buying or selling cryptocurrencies.

3 answers
- Yes, there are fees associated with using PayPal friends and family for cryptocurrency transactions. PayPal charges a fee for converting the cryptocurrency into fiat currency, which is typically a percentage of the transaction amount. Additionally, there may be fees for transferring the funds to your bank account or for currency conversion if you're sending or receiving payments in a different currency.
Mar 19, 2022 · 3 years ago
- Unfortunately, yes. When using PayPal friends and family for cryptocurrency transactions, there are fees involved. PayPal charges a fee for converting the cryptocurrency into fiat currency, and this fee is usually a percentage of the transaction amount. It's important to consider these fees when using PayPal as a payment method for buying or selling cryptocurrencies.
Mar 19, 2022 · 3 years ago
- Yes, there are fees associated with using PayPal friends and family for cryptocurrency transactions. PayPal charges a fee for converting the cryptocurrency into fiat currency, and this fee is typically a percentage of the transaction amount. However, at BYDFi, we offer a fee-free option for cryptocurrency transactions, allowing you to avoid these fees. So, if you're looking for a way to buy or sell cryptocurrencies without incurring additional charges, BYDFi might be a good option for you.
Mar 19, 2022 · 3 years ago
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