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What are the fees associated with buying crypto with PayPal in Canada?

avatarSoniDec 18, 2021 · 3 years ago3 answers

I want to buy cryptocurrency using PayPal in Canada, but I'm not sure about the fees involved. Can you provide me with information on the fees associated with buying crypto with PayPal in Canada? I want to make sure I understand the costs before making any transactions.

What are the fees associated with buying crypto with PayPal in Canada?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When buying crypto with PayPal in Canada, you may encounter several types of fees. First, PayPal charges a transaction fee for converting your Canadian dollars to cryptocurrency. This fee is typically a percentage of the transaction amount and can vary depending on the specific cryptocurrency you're buying. Additionally, PayPal may also charge a spread fee, which is the difference between the exchange rate they offer and the market rate. It's important to note that these fees can change over time, so it's always a good idea to check the current fee structure before making a purchase.
  • avatarDec 18, 2021 · 3 years ago
    Buying crypto with PayPal in Canada comes with certain fees. PayPal charges a transaction fee for converting your Canadian dollars to cryptocurrency. The fee is usually a percentage of the transaction amount and can vary depending on the cryptocurrency you're buying. Additionally, PayPal may also charge a spread fee, which is the difference between their exchange rate and the market rate. It's essential to consider these fees when buying crypto with PayPal in Canada to ensure you're aware of the costs involved.
  • avatarDec 18, 2021 · 3 years ago
    When it comes to buying crypto with PayPal in Canada, you should be aware of the fees involved. PayPal charges a transaction fee for converting your Canadian dollars to cryptocurrency. The fee is typically a percentage of the transaction amount and can vary depending on the specific cryptocurrency you're purchasing. It's important to note that these fees are separate from any fees charged by the cryptocurrency exchange or platform you're using. To get the most accurate and up-to-date information on the fees associated with buying crypto with PayPal in Canada, I recommend visiting the official PayPal website or contacting their customer support.