What are the fees involved in converting bitcoin to PayPal?

3 answers

• Nov 26, 2021 · 3 years ago
  When converting bitcoin to PayPal, there are typically several fees involved. First, you may encounter a transaction fee charged by the platform or exchange you are using to convert the bitcoin. This fee can vary depending on the platform and the amount of bitcoin being converted. Additionally, PayPal may charge a fee for receiving the funds in your PayPal account. This fee is usually a percentage of the total transaction amount. It's important to check the specific fees charged by both the conversion platform and PayPal before proceeding with the conversion.
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• Nov 26, 2021 · 3 years ago
  Converting bitcoin to PayPal usually incurs fees from both the conversion platform and PayPal itself. The conversion platform may charge a fee for facilitating the transaction, which can vary depending on the platform and the amount being converted. PayPal, on the other hand, may charge a fee for receiving the funds in your PayPal account. These fees are typically a percentage of the total transaction amount. It's advisable to compare the fees charged by different platforms and PayPal to ensure you're getting the best deal.
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• Nov 26, 2021 · 3 years ago
  When it comes to converting bitcoin to PayPal, fees can vary depending on the platform and the amount being converted. As an example, let's consider BYDFi, a popular conversion platform. BYDFi charges a transaction fee of 1% for converting bitcoin to PayPal. Additionally, PayPal charges a fee of 2.9% plus a fixed fee based on the currency received. It's important to note that these fees are subject to change and it's always a good idea to check the latest fee structure before initiating a conversion.
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