Are there any fees involved in buying crypto with PayPal?

3 answers

• Jan 11, 2022 · 3 years ago
  Yes, there are fees involved when buying crypto with PayPal. The fees vary depending on the platform or exchange you use. PayPal itself charges a fee for converting your currency to crypto. Additionally, the exchange you use may also charge a fee for facilitating the transaction. It's important to check the fee structure of both PayPal and the exchange before making a purchase to understand the total cost involved.
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• Jan 11, 2022 · 3 years ago
  Absolutely! When you buy crypto with PayPal, you'll encounter fees. These fees can include conversion fees, transaction fees, and even withdrawal fees. The exact fees you'll face will depend on the platform or exchange you choose. Make sure to do your research and compare fees across different platforms to find the most cost-effective option for your crypto purchase.
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• Jan 11, 2022 · 3 years ago
  Yes, there are fees associated with buying crypto using PayPal. At BYDFi, for example, we charge a conversion fee of 2% for PayPal transactions. This fee covers the costs of converting your currency to crypto and ensures a smooth and secure transaction process. It's important to consider the fees when buying crypto and factor them into your overall investment strategy.
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