Cryptocurrency Q&A
How much does PayPal charge to buy bitcoin?
How much does PayPal charge to buy bitcoin?
Chiara
Wed Jul 17 2024
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7 answers
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As a keen observer of the cryptocurrency market, I'm curious about the financial implications of using PayPal to purchase bitcoin. Could you elaborate on the fees PayPal charges for such transactions? Are there any hidden costs or additional charges that one should be aware of? Also, how does PayPal's fee structure compare to other platforms or methods of acquiring bitcoin? I'm particularly interested in understanding the economic implications of this payment method and how it might affect the overall cost of investing in digital currencies.
7 answers
DigitalDragon
Fri Jul 19 2024
This fee structure then undergoes a gradual reduction as the transaction amount increases.
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DaeguDivaDanceQueenElegantStride
Fri Jul 19 2024
There are two further tranches in the fee schedule, indicating a step-down process.
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EnchantedSky
Fri Jul 19 2024
This process continues until the fee reaches its lowest point, which is 1.5% for purchases exceeding $1,000.
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SkyWalkerEcho
Fri Jul 19 2024
Regarding the fees associated with bitcoin purchases, it is noteworthy that the highest rate charged stands at 2.3% for transactions ranging from $25.00 to $100.
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SsangyongSpiritedStrength
Fri Jul 19 2024
While this fee schedule offers a degree of flexibility, it is important to note that bitcoin purchases made through PayPal are confined to the fintech giant's proprietary platform.
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