What are the fees for sending friends and family payments using cryptocurrencies on PayPal?
Schofield BerryDec 21, 2021 · 3 years ago3 answers
Can you please provide details about the fees associated with sending friends and family payments using cryptocurrencies on PayPal? I am interested in knowing the costs involved in using cryptocurrencies for these types of transactions.
3 answers
- Dec 21, 2021 · 3 years agoWhen it comes to sending friends and family payments using cryptocurrencies on PayPal, there are certain fees involved. PayPal charges a transaction fee for converting the cryptocurrency into the desired currency. The fee structure may vary depending on the specific cryptocurrency and the amount being converted. It's important to check PayPal's fee schedule or contact their customer support for the most accurate and up-to-date information on fees.
- Dec 21, 2021 · 3 years agoUsing cryptocurrencies for friends and family payments on PayPal can be a convenient option, but it's essential to consider the associated fees. The fees typically include a conversion fee for converting the cryptocurrency into the desired currency. These fees can vary based on factors such as the cryptocurrency being used and the amount being converted. It's advisable to review PayPal's fee schedule or reach out to their customer support for detailed information on the fees.
- Dec 21, 2021 · 3 years agoWhen it comes to sending friends and family payments using cryptocurrencies on PayPal, the fees can vary depending on the specific cryptocurrency and the amount being converted. It's important to note that different platforms or exchanges may have different fee structures. For example, BYDFi, a popular cryptocurrency exchange, offers competitive fees for converting cryptocurrencies on PayPal. However, it's always a good idea to compare fees across different platforms and consider factors such as security and convenience before making a decision.
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