Does PayPal let their users buy / exchange crypto already?

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lory

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Jul 31, 2020
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I was wondering if PayPal already let their users buy/sell or exchange cryptocurrency?

Logging in to my account I can't see anything yet about crypto, I believe they took USA first!
 
Yes you already can use the service in US since 13th of November 2020:


I think if business is going well with cryptocurrency they will continue extending the service over all other abroad markets.

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Even if they do I would never keep my crypto in their wallet at any point. You never know if they suddenly freeze your account with maybe 2 - 10 BTC in there.

It's very risky to use PayPal for any savings.

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It's already started in the US. It it's coming to the UK soon.
I to won't keep crypto in their wallet but it's a huge step forward allowing the opportunity to make purchases with crypto. Excited for Litecoin!!!
 
They are looking to accept direct Bitcoin paymets, bellow 2k USD per operation. I'm sure they would reject any coins that come from joiners or bad history.
 
also pretty sure you cannot deposit crypto to paypal for now or withdraw to a personal wallet. only buying and selling on their plateform and supposedly they hold the crypto for you behind the scene, but not sure we can get a proof of that.
if anyone have tried this with a US paypal account and could comment that would be interesting.
 
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