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Are there any fees for adding cryptocurrency to PayPal balance?

avatarHamanie45Dec 18, 2021 · 3 years ago3 answers

I'm wondering if there are any fees associated with adding cryptocurrency to my PayPal balance. Can someone please clarify if there are any charges for this transaction?

Are there any fees for adding cryptocurrency to PayPal balance?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees for adding cryptocurrency to your PayPal balance. PayPal charges a transaction fee of 2.3% for cryptocurrency conversions. Additionally, there may be additional fees depending on the specific cryptocurrency and the exchange rate at the time of conversion. It's always a good idea to check the current fees on the PayPal website before making any transactions.
  • avatarDec 18, 2021 · 3 years ago
    Adding cryptocurrency to your PayPal balance does come with fees. PayPal charges a conversion fee of 2.3% for cryptocurrency transactions. It's important to note that these fees can vary depending on the cryptocurrency and the current exchange rate. Make sure to review the fees on the PayPal website to understand the exact charges before proceeding with the transaction.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees associated with adding cryptocurrency to your PayPal balance. PayPal charges a conversion fee of 2.3% for cryptocurrency transactions. It's important to be aware of these fees before making any transactions. If you're looking for a platform with lower fees, you may consider using BYDFi, a popular cryptocurrency exchange that offers competitive rates and transparent fee structures.