What are the charges for sending friends and family payments using digital currencies like Bitcoin on PayPal?

5 answers

• Brantley OconnorJan 23, 2024 · a year ago
  When it comes to sending friends and family payments using digital currencies like Bitcoin on PayPal, there are a few charges to be aware of. First, PayPal charges a transaction fee for converting the digital currency into the local currency. This fee is typically a percentage of the transaction amount and can vary depending on the country and the specific transaction. Additionally, there may be fees associated with the digital currency network itself, such as Bitcoin network fees. These fees are determined by the network and can fluctuate based on network congestion and other factors. It's important to keep in mind that these fees are subject to change and it's always a good idea to check with PayPal and the digital currency network for the most up-to-date information.
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• Mills McGuireMar 04, 2024 · a year ago
  Alright, let's talk about the charges for sending friends and family payments using digital currencies like Bitcoin on PayPal. PayPal charges a fee for converting the digital currency into the local currency. This fee is based on a percentage of the transaction amount and can vary depending on the country and the specific transaction. Additionally, there may be fees associated with the digital currency network itself, such as Bitcoin network fees. These fees are determined by the network and can change based on network congestion and other factors. It's important to keep an eye on these fees and factor them into your decision when using digital currencies on PayPal.
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• Fahad FarooqMar 24, 2024 · a year ago
  When it comes to sending friends and family payments using digital currencies like Bitcoin on PayPal, the charges can vary. PayPal charges a fee for converting the digital currency into the local currency. This fee is typically a percentage of the transaction amount and can vary depending on the country and the specific transaction. Additionally, there may be fees associated with the digital currency network itself, such as Bitcoin network fees. These fees are determined by the network and can fluctuate based on network congestion and other factors. As for BYDFi, they offer competitive rates for digital currency transactions, but it's always a good idea to compare fees across different platforms to ensure you're getting the best deal.
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• nahdeOct 01, 2020 · 5 years ago
  Sending friends and family payments using digital currencies like Bitcoin on PayPal comes with some charges. PayPal charges a fee for converting the digital currency into the local currency. This fee is usually a percentage of the transaction amount and can vary depending on the country and the specific transaction. Additionally, there may be fees associated with the digital currency network itself, such as Bitcoin network fees. These fees are determined by the network and can change based on network congestion and other factors. It's important to consider these charges when using digital currencies on PayPal and factor them into your overall transaction cost.
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• Motor fengNov 08, 2024 · 8 months ago
  When you send friends and family payments using digital currencies like Bitcoin on PayPal, there are charges involved. PayPal charges a fee for converting the digital currency into the local currency. This fee is typically a percentage of the transaction amount and can vary depending on the country and the specific transaction. Additionally, there may be fees associated with the digital currency network itself, such as Bitcoin network fees. These fees are determined by the network and can fluctuate based on network congestion and other factors. It's always a good idea to check with PayPal and the digital currency network for the most accurate and up-to-date information on charges and fees.
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