Are there any fees or limitations when paying a friend with cryptocurrency using PayPal?

3 answers

• Dec 17, 2021 · 3 years ago
  When paying a friend with cryptocurrency using PayPal, there may be fees involved. PayPal charges a transaction fee for converting cryptocurrency to fiat currency. The fee amount varies depending on the transaction size and currency conversion rates. It's important to check PayPal's fee schedule for the most up-to-date information. Additionally, there may be limitations on the types of cryptocurrencies that can be used for transactions. PayPal currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Other cryptocurrencies may not be accepted. It's always a good idea to review PayPal's terms and conditions to understand any limitations before making a payment.
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• Dec 17, 2021 · 3 years ago
  Paying a friend with cryptocurrency through PayPal can incur fees. PayPal charges a fee for converting cryptocurrency to fiat currency, which is deducted from the total amount being sent. The fee percentage varies based on the transaction size and currency conversion rates. It's advisable to check PayPal's fee schedule to determine the exact fee amount. Additionally, there may be limitations on the maximum transaction amount when using cryptocurrency. PayPal sets limits to ensure security and compliance with regulations. These limits may vary depending on factors such as account verification and transaction history. It's recommended to review PayPal's terms and conditions to understand the specific limitations that apply.
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• Dec 17, 2021 · 3 years ago
  When using PayPal to pay a friend with cryptocurrency, there are fees and limitations to consider. PayPal charges a fee for converting cryptocurrency to fiat currency, which can range from 1% to 2.3% depending on the transaction size and currency conversion rates. Additionally, there may be limitations on the amount of cryptocurrency that can be sent in a single transaction. PayPal sets limits to prevent fraudulent activities and comply with regulations. It's worth noting that these fees and limitations may vary depending on the user's location and account status. To get accurate information, it's recommended to visit PayPal's website or contact their customer support.
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