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What are the fees associated with withdrawing crypto to PayPal?

avatarkrishaDec 20, 2021 · 3 years ago3 answers

Can you please provide details on the fees charged for withdrawing cryptocurrency to PayPal?

What are the fees associated with withdrawing crypto to PayPal?

3 answers

  • avatarDec 20, 2021 · 3 years ago
    When it comes to withdrawing cryptocurrency to PayPal, the fees can vary depending on the platform or exchange you are using. Some exchanges charge a fixed fee, while others charge a percentage of the total amount being withdrawn. It's important to check the fee structure of your specific exchange or platform before initiating the withdrawal to avoid any surprises. Additionally, PayPal may also charge its own fees for receiving cryptocurrency, so it's worth considering those as well.
  • avatarDec 20, 2021 · 3 years ago
    Withdrawal fees for converting cryptocurrency to PayPal can be quite different across various platforms. Some exchanges charge a flat fee, which can range from a few dollars to a significant percentage of the transaction amount. Others may charge a percentage-based fee, which means the fee increases as the transaction amount increases. It's always a good idea to compare the fees across different platforms to find the most cost-effective option for your specific needs.
  • avatarDec 20, 2021 · 3 years ago
    At BYDFi, the withdrawal fees for converting cryptocurrency to PayPal are 0.5% of the total transaction amount. This fee is subject to change and may vary depending on market conditions. It's important to note that these fees are in addition to any fees charged by PayPal for receiving cryptocurrency. It's always a good idea to review the fee structure and terms of service before initiating any transactions.