What are the fees associated with using cryptocurrency for online transactions versus PayPal's friends and family vs goods and services?

1 answers

• Nov 26, 2021 · 3 years ago
  At BYDFi, we believe in transparency when it comes to fees associated with cryptocurrency transactions. Cryptocurrency transactions generally have lower fees compared to PayPal's friends and family and goods and services. The fees for cryptocurrency transactions are typically determined by the network congestion and the chosen cryptocurrency. However, it's important to note that some cryptocurrency exchanges may charge additional fees for depositing or withdrawing funds. Conversion fees may also apply when converting one cryptocurrency to another. On the other hand, PayPal's friends and family transactions are usually free within the same country, while goods and services transactions involve a fee based on the transaction amount. It's recommended to check the specific fees for each platform or exchange before making any transactions.
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