Are there any fees involved when sending Bitcoin to a friend on PayPal?

3 answers

• Dec 22, 2021 · 3 years ago
  Yes, there are fees involved when sending Bitcoin to a friend on PayPal. The fees vary depending on the amount of Bitcoin being sent and the current network congestion. PayPal charges a transaction fee for converting Bitcoin to fiat currency, which is typically around 2.3% plus a fixed fee based on the transaction amount. Additionally, there may be network fees associated with the Bitcoin transaction itself, which are determined by the miners. These fees can fluctuate and are typically higher during periods of high network activity.
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• Dec 22, 2021 · 3 years ago
  Absolutely! When you send Bitcoin to a friend on PayPal, you can expect to pay some fees. PayPal charges a fee for converting Bitcoin to your local currency, and this fee is usually a percentage of the transaction amount. The exact fee percentage may vary, so it's always a good idea to check PayPal's fee schedule for the most up-to-date information. Additionally, keep in mind that there may be network fees associated with the Bitcoin transaction itself, which are paid to the miners to process and confirm the transaction. These fees can vary depending on the current network congestion.
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• Dec 22, 2021 · 3 years ago
  Yes, there are fees involved when sending Bitcoin to a friend on PayPal. PayPal charges a fee for converting Bitcoin to your local currency, and this fee is deducted from the total amount you're sending. The fee percentage may vary depending on the transaction amount and other factors. It's important to note that PayPal's fees are separate from any network fees associated with the Bitcoin transaction itself. These network fees are paid to the miners and can vary depending on the current network congestion. To get an accurate estimate of the total fees involved, it's best to check PayPal's fee schedule and consider the current network conditions.
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