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What are the fees for sending money to friends using PayPal in cryptocurrency?

avatarSoulaf ChemacheDec 16, 2021 · 3 years ago3 answers

I want to send money to my friends using PayPal, but I also want to use cryptocurrency. Can anyone tell me what the fees are for sending money to friends using PayPal in cryptocurrency? I'm specifically interested in knowing if there are any additional fees or charges compared to sending money in traditional currency.

What are the fees for sending money to friends using PayPal in cryptocurrency?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    When it comes to sending money to friends using PayPal in cryptocurrency, there are a few things to consider. First, PayPal itself does not directly support cryptocurrency transactions. However, there are third-party services and platforms that allow you to link your PayPal account with your cryptocurrency wallet. These services may charge a fee for facilitating the transaction, so it's important to do your research and compare fees before choosing a platform. Additionally, keep in mind that cryptocurrency transactions may also incur network fees, which can vary depending on the cryptocurrency you're using and the current network congestion.
  • avatarDec 16, 2021 · 3 years ago
    Sending money to friends using PayPal in cryptocurrency can be a convenient option, but it's important to be aware of the potential fees involved. While PayPal itself doesn't charge any specific fees for cryptocurrency transactions, there may be fees associated with using third-party services or platforms that facilitate these transactions. These fees can vary depending on the platform and the specific transaction details. It's always a good idea to read the terms and conditions of the platform you're using and understand any potential fees before sending money.
  • avatarDec 16, 2021 · 3 years ago
    When it comes to sending money to friends using PayPal in cryptocurrency, BYDFi is a popular platform that offers this service. With BYDFi, you can link your PayPal account with your cryptocurrency wallet and easily send money to your friends. The fees for using BYDFi vary depending on the transaction amount and the specific cryptocurrency you're using. It's best to visit the BYDFi website or contact their customer support for the most up-to-date information on fees. Keep in mind that fees may also be charged by PayPal and the cryptocurrency network itself, so it's important to consider all potential fees before making a transaction.