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What are the fees for transferring funds from PayPal to Robinhood for cryptocurrency trading?

avatarRoonie BouzanDec 19, 2021 · 3 years ago3 answers

I want to transfer funds from my PayPal account to my Robinhood account for cryptocurrency trading. Can you please provide me with information about the fees involved in this transfer?

What are the fees for transferring funds from PayPal to Robinhood for cryptocurrency trading?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    When transferring funds from PayPal to Robinhood for cryptocurrency trading, there are a few fees to consider. PayPal charges a fee for transferring funds to your bank account, which is typically 2.9% plus $0.30 per transaction. Additionally, Robinhood may charge a fee for depositing funds from PayPal, although the exact fee amount may vary. It's recommended to check Robinhood's fee schedule or contact their customer support for the most up-to-date information.
  • avatarDec 19, 2021 · 3 years ago
    Transferring funds from PayPal to Robinhood for cryptocurrency trading may incur fees. PayPal charges a fee for transferring funds to your bank account, while Robinhood may also charge a fee for depositing funds from PayPal. It's important to review the fee structures of both platforms to understand the exact costs involved in the transfer. Keep in mind that fees can vary and it's always a good idea to check the latest fee information on PayPal and Robinhood's websites or contact their customer support for clarification.
  • avatarDec 19, 2021 · 3 years ago
    When it comes to transferring funds from PayPal to Robinhood for cryptocurrency trading, it's important to be aware of potential fees. PayPal charges a fee for transferring funds to your bank account, and Robinhood may also charge a fee for depositing funds from PayPal. To get the most accurate and up-to-date information on the fees involved, it's recommended to visit the PayPal and Robinhood websites or reach out to their customer support. They will be able to provide you with the specific details regarding the fees and any other requirements for transferring funds between the two platforms.