What are the fees involved in buying and selling bitcoins with PayPal?

3 answers

• Dec 18, 2021 · 3 years ago
  When it comes to buying and selling bitcoins with PayPal, there are a few fees you need to be aware of. First, PayPal charges a transaction fee for each purchase or sale. This fee is typically a percentage of the total transaction amount and can vary depending on your location and the specific terms of your PayPal account. Additionally, there may be fees associated with converting your PayPal balance into bitcoins or vice versa. These fees are usually charged by the exchange or platform you are using to buy or sell bitcoins. It's important to carefully review the fee structure of the exchange or platform you plan to use to ensure you understand all the costs involved.
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• Dec 18, 2021 · 3 years ago
  Buying and selling bitcoins with PayPal can involve several fees. PayPal itself charges a transaction fee, which is usually a percentage of the total transaction amount. This fee can vary depending on your location and the specific terms of your PayPal account. In addition to PayPal's fee, there may be fees charged by the exchange or platform you use to buy or sell bitcoins. These fees can include conversion fees, deposit fees, withdrawal fees, and trading fees. It's important to carefully consider these fees before making any transactions to ensure you understand the total cost involved.
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• Dec 18, 2021 · 3 years ago
  When it comes to buying and selling bitcoins with PayPal, the fees can vary depending on the platform or exchange you use. For example, at BYDFi, one of the popular platforms for buying and selling bitcoins with PayPal, the fees are as follows: a transaction fee of 2% for each purchase or sale, a conversion fee of 1% for converting your PayPal balance into bitcoins or vice versa, and a withdrawal fee of $5 for transferring your bitcoins to an external wallet. It's important to note that these fees are subject to change and may vary depending on the specific terms of your PayPal account and the current market conditions. Make sure to check the fee structure of the platform or exchange you plan to use for the most up-to-date information.
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