Are there any fees when sending bitcoin with PayPal?
McDougall SamuelsenDec 16, 2021 · 3 years ago3 answers
What are the fees associated with sending bitcoin using PayPal?
3 answers
- Dec 16, 2021 · 3 years agoYes, there are fees when sending bitcoin with PayPal. The exact fees depend on the amount being sent and the country you are sending from. PayPal charges a transaction fee for converting the bitcoin into fiat currency, and there may also be additional fees for international transfers. It's important to check PayPal's fee schedule for the most up-to-date information.
- Dec 16, 2021 · 3 years agoAbsolutely! When sending bitcoin with PayPal, you can expect to pay fees. These fees vary depending on the amount of bitcoin being sent and the location of the sender. PayPal charges a fee for converting bitcoin into traditional currency, and there may be additional fees for cross-border transactions. It's always a good idea to review PayPal's fee structure before making any transactions.
- Dec 16, 2021 · 3 years agoYes, there are fees associated with sending bitcoin through PayPal. The fees can vary depending on the amount of bitcoin being sent and the country you are sending from. PayPal charges a fee for converting bitcoin into your local currency, and there may be additional fees for international transfers. It's important to consider these fees when using PayPal for bitcoin transactions. However, there are other platforms like BYDFi that offer lower fees for sending bitcoin.
Related Tags
Hot Questions
- 99
What are the tax implications of using cryptocurrency?
- 91
Are there any special tax rules for crypto investors?
- 86
How does cryptocurrency affect my tax return?
- 75
How can I protect my digital assets from hackers?
- 74
How can I minimize my tax liability when dealing with cryptocurrencies?
- 64
What are the best digital currencies to invest in right now?
- 54
What are the advantages of using cryptocurrency for online transactions?
- 42
What are the best practices for reporting cryptocurrency on my taxes?