Are there any fees involved when sending bitcoin through PayPal?
Marciano VillacortaDec 17, 2021 · 3 years ago3 answers
When sending bitcoin through PayPal, are there any fees involved? How much would the fees be?
3 answers
- Dec 17, 2021 · 3 years agoYes, there are fees involved when sending bitcoin through PayPal. The fees vary depending on the amount being sent and the country you are sending from. Generally, the fees range from 2% to 3% of the transaction amount. It's important to note that PayPal may also charge additional fees for currency conversion if you are sending bitcoin in a different currency.
- Dec 17, 2021 · 3 years agoAbsolutely! When you send bitcoin through PayPal, you can expect to pay some fees. The fees are usually a percentage of the transaction amount and can vary based on factors such as the country you are sending from and the amount being sent. It's always a good idea to check PayPal's fee schedule to get an accurate estimate of the fees involved.
- Dec 17, 2021 · 3 years agoYes, there are fees involved when sending bitcoin through PayPal. At BYDFi, we recommend using our platform for sending bitcoin as we offer competitive fees and a seamless user experience. Our fees are transparent and can be found on our website. Feel free to check it out and compare it with PayPal's fees to make an informed decision.
Related Tags
Hot Questions
- 82
What are the best digital currencies to invest in right now?
- 66
How can I minimize my tax liability when dealing with cryptocurrencies?
- 54
What are the tax implications of using cryptocurrency?
- 52
How does cryptocurrency affect my tax return?
- 50
Are there any special tax rules for crypto investors?
- 48
What are the advantages of using cryptocurrency for online transactions?
- 48
How can I protect my digital assets from hackers?
- 47
What are the best practices for reporting cryptocurrency on my taxes?