FAQs
When you buy or sell cryptocurrency on PayPal, we'll disclose an exchange rate and the transaction fee you'll be charged for that transaction. For PayPal USD only, there are no fees to buy or sell. However, fees apply when you convert between PYUSD and one of the other cryptocurrencies we support.
How much does PayPal charge for exchange rate? ›
PayPal's International Currency Conversion Fee
PayPal also charges a 4.5% fee for conversion service, so it's important to factor this cost in as well to any currency conversion you do.
Is it worth buying crypto on PayPal? ›
If trading less than $150 at a time PayPal Crypto can be cheaper but can have higher fees after that depending on the alternative cryptocurrency exchange or online broker you are comparing to. Fees can change at anytime to do check for the most current information.
What is the PayPal USDT rate? ›
USDT to PYUSD
| Amount (USDT) | Today at 7:49 pm |
|---|
| 1 USDT | 1.00 PYUSD |
| 5 USDT | 5.00 PYUSD |
| 10 USDT | 10.00 PYUSD |
| 50 USDT | 50.01 PYUSD |
4 more rowsCrypto, short for cryptocurrency, is a digital currency you can buy, sell, and securely hold in your PayPal account. PayPal also supports the transfer of cryptocurrencies between PayPal, Venmo, and other supported wallets and exchanges.
How much is the PayPal fee for $100? ›
PayPal Fee Calculation Formula and Example
| Transaction Amount | Domestic Fee | International Fee (Example: UK) |
|---|
| $10 | $0.30 | $0.44 + £0.39 |
| $50 | $1.50 | $2.24 + £0.39 |
| $100 | $2.99 | $4.49 + £0.39 |
Short strategy to avoid PayPal currency exchange fees
- Send microstock payments to PayPal.
- Add a credit card provided by Revolut to your PayPal account, with dollars as currency.
- Transfer the dollars from PayPal to the Revolut credit card via immediate bank transfer.
If PayPal converts your funds, they note that there's a markup applied to the wholesale exchange rate - that's the rate that they get from a third party when they convert currencies. This markup means that the recipient receives less than you might expect if you've been looking at the mid-market rate.
What is the current PayPal exchange rate? ›
PYUSD to KES
| Amount | Today at 8:57 am |
|---|
| 1 PYUSD | KES 128.95 |
| 5 PYUSD | KES 644.76 |
| 10 PYUSD | KES 1,289.52 |
| 50 PYUSD | KES 6,447.61 |
4 more rowsYou are given rights to the cryptocurrency you buy on PayPal but will not be provided with a private key. If you can log in to your PayPal account, you'll be given rights to the cryptocurrency balance you hold.
Coinbase outshines PayPal in a big way in terms of the available cryptocurrencies. It offers over 200 cryptos, including almost all of the top 50 coins and stablecoins. Coinbase's strategy is to include every crypto it is legally able to list and has aggressively added new coins and tokens since 2021.
What is the best exchange to buy crypto with PayPal? ›
5 Best Crypto Exchanges That Accept PayPal 2024
- CoinBase: Best for international users.
- Changelly: Best for advanced traders.
- eToro: For those looking for a social connection.
- Kraken: For the serious trader.
- Paxful: Best P2P trading platform for pure anonymity.
USD to USDT
| Amount | Today at 7:57 am |
|---|
| 50 USD | 50.00 USDT |
| 100 USD | 100.01 USDT |
| 500 USD | 500.05 USDT |
| 1,000 USD | 1,000.10 USDT |
4 more rowsBuying or selling a cryptocurrency
| Purchase or sale amount | Fee |
|---|
| 25.00 – 74.99 USD | 1.99 USD |
| 75.00 – 200.00 USD | 2.49 USD |
| 200.01 – 1000.00 USD | 1.80% |
| 1000.01 USD + | 1.50% |
2 more rowsYou can buy Tether (USDT) easily and securely on Zengo with PayPal.
Is it better to buy bitcoin on PayPal or Coinbase? ›
The big advantage of PayPal is that it's extremely easy to use. If you're a PayPal customer who wants to get some exposure to cryptocurrency without any hassle, it may be a good option. However, if you want to dive deeper into the cryptocurrency waters, Coinbase has a lot to offer.
Do you have to pay taxes on crypto PayPal? ›
So now you know if you sell or spend crypto on the PayPal crypto hub - you need to pay tax on it. But how do you report your crypto taxes to the IRS? You report your crypto capital gains and losses to the IRS as part of your Individual Tax Return.
Is there a fee when transferring crypto? ›
Every cryptocurrency has transaction fees built into their basic operating structure. Bitcoin (BTC -0.17%) calls it a network fee, Ethereum (ETH -0.05%) transactions result in gas fees, and the Solana (SOL -0.86%) platform simply refers to processing costs as transaction fees.
How do I avoid PayPal fees? ›
How to avoid PayPal fees
- Use the "Friends and Family" option. When sending money through PayPal, you have the option to use the 'Friends and Family' category instead of 'Goods and Services'. ...
- Receive payments in the same currency. ...
- Offer local pickup or delivery options. ...
- Use other payment methods if possible.
