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Are there any monthly fees associated with using PayPal for cryptocurrency transactions?

avatarNorwood LambDec 30, 2021 · 3 years ago3 answers

Can you tell me if there are any monthly fees that I need to pay when using PayPal for cryptocurrency transactions? I'm interested in using PayPal as a payment method for buying and selling cryptocurrencies, but I want to make sure I understand all the associated costs. Are there any additional charges or fees that PayPal imposes on cryptocurrency transactions?

Are there any monthly fees associated with using PayPal for cryptocurrency transactions?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Yes, there are monthly fees associated with using PayPal for cryptocurrency transactions. PayPal charges a monthly fee of $10 for cryptocurrency transactions. This fee covers the costs of processing and managing cryptocurrency transactions on the PayPal platform. It's important to note that this fee is separate from any fees charged by the cryptocurrency exchange or wallet you are using. Make sure to check the fee structure of both PayPal and the exchange/wallet before making any transactions to understand the total cost involved.
  • avatarDec 30, 2021 · 3 years ago
    No, there are no monthly fees associated with using PayPal for cryptocurrency transactions. PayPal does not charge any additional fees specifically for cryptocurrency transactions. However, it's important to note that there may be fees charged by the cryptocurrency exchange or wallet you are using. Make sure to check the fee structure of the exchange/wallet before making any transactions to understand the total cost involved.
  • avatarDec 30, 2021 · 3 years ago
    As of my knowledge, BYDFi, a popular cryptocurrency exchange, does not charge any monthly fees for using PayPal for cryptocurrency transactions. However, it's important to note that there may be fees charged by other exchanges or wallets you are using. Make sure to check the fee structure of the exchange/wallet before making any transactions to understand the total cost involved.