I thought; "it was there, it was easy and I didn't want to wait days for money to finally land in another account." They have fees that on the surface don't seem awful, until you do the math. Here's a quick example and a best case scenario too. You use your PP account to buy $5000 worth of coin, their fee is a "modest" 1.5% for that (fees are higher below $1000) So you paid $75 right out of the gate, now let's say it has (a very unlikely) run and wow you doubled your money. You cash out at $10k, now PP takes another $150 (1.5%) to sell your coin. So your actual profits are $5000 and your PP fees are $250, boom they zinged you for 5% of your total profits. And that's all best case scenario.
Submitted February 04, 2021 at 06:31PM by the_last_carfighter https://ift.tt/3pQXf4V
