Best Cryptocurrency Exchange

Coinbase vs. PayPal: Which Is Right for You?

Coinbase vs. PayPal: Which Is Right for You?
Written by publisher team

It can be difficult to compare crypto fees for two reasons. First, cryptocurrency platforms are not always transparent about the amount of fees they charge. Second, you may pay to deposit money, trade, And Withdrawing Funds – There is little consistency across platforms on how these fees work.

For example, some exchanges and cryptocurrency applications do not charge a fee for deposits, but they do charge you a large fee when you want to withdraw your funds. Let’s see how Coinbase fees fade away from PayPal fees.

Trading and deposit fees

You can deposit money into your Coinbase or PayPal account for free using bank transfer. Neither Coinbase nor PayPal allow US users to purchase cryptocurrency using a credit card.

PayPal account holders can also top up with cash at certain stores, but this can cost up to $3.95. There are no additional PayPal fees if you want to buy cryptocurrency with your debit card.

In terms of trading, both Coinbase and PayPal charge trading fees and spreads. The spread is the difference between the buying and selling price of an asset – think of it as the commission you pay to use the platform. Both platforms charge a difference of approximately 0.5%, but the exact amount is only calculated when the transaction is made.

In addition, each platform charges a set fee for each transaction. Here’s how to disassemble it:

PayPal Trading Fees:

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