What are the fees associated with buying and selling cryptocurrencies on PayPal?
Cute DollMay 06, 2022 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees involved when buying and selling cryptocurrencies on PayPal? I would like to know the different types of fees, how they are calculated, and if there are any additional charges to be aware of.
1 answers
- May 06, 2022 · 3 years agoBuying and selling cryptocurrencies on PayPal comes with its fair share of fees. The transaction fee is typically between 1.5% and 2.3% of the total transaction amount. Additionally, there may be a spread fee, which is the difference between the buy and sell prices of the cryptocurrency. This fee can range from 0.5% to 2% of the transaction amount. It's worth noting that these fees can vary depending on the transaction size and other factors. It's always a good idea to review PayPal's fee schedule before making any transactions to ensure you have a clear understanding of the costs involved.
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