![]() ![]() We’re working with exchange partners all over the world and we’ll be in your area soon. You will be prompted to choose the amount of Bitcoin you wish to buy as well as the payment method you will use. If the buy option is not available in your wallet when you log in, stay tuned. If you have a PayPal account in the supported locations, navigate to the ‘Your Crypto’ section and click on ‘Buy and Sell’. Examine the exchange rate and transaction fee. Once you’ve created your wallet, navigate to the Buy Bitcoin tab to set up an account with one of our integrated exchange partners. Choose Paypal as your payment method and then click 'Next'. Key in the amount of Bitcoin you plan to buy. Select 'Purchase and Sell' under the 'Your Crypto' section, then click 'Bitcoin' and then 'obtain'. Buying, selling, and holding cryptocurrency with PayPal is not available in Hawaii and where prohibited by law. If you don’t yet have a Paypal account, create one. is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Selling Bitcoin via PayPal has its Upside Why You Shouldnt Purchase Bitcoin with PayPal With Crypto Exchanges, Users must go Through A Similar Approval. All custody of and buying and selling in cryptocurrency is performed for PayPal by its licensed service provider, Paxos Trust Company, LLC.īuying, selling, and holding cryptocurrencies is not regulated in many states, including the State of California. Consider seeking advice from your financial and tax advisor. Coinbase has added the option for users to buy cryptocurrency using their PayPal. PayPal does not make any recommendations regarding buying or selling cryptocurrency. PayPal is now available as a payment method for US Coinbase users. Please see our disclosure here for more details. Limits apply.īuying and selling cryptocurrency is subject to a number of risks and may result in significant losses. If you wish to truly own bitcoin, buy them from an. The point of bitcoin is to be able to hold your own money, and exert financial sovereignety. It only exists as an entry on an excel spreadsheet, with no guarantee it is backed by actual bitcoin. For cryptocurrency fees, click here.Ģ Available on eligible purchases. Avoid the Paypal trap On paypal, you are not buying bitcoin, you are simply buying a promise. The exchange rate includes a spread that PayPal earns on each purchase and sale. Thanks to this development, you can purchase Bitcoin and hold it in a dedicated PayPal crypto wallet. ![]() These include Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. 1 When you buy or sell cryptocurrency, including when you check out with crypto, we will disclose an exchange rate and any fees you will be charged for that transaction. Payments JTo provide more payment flexibility, PayPal now allows anyone with an account to buy cryptocurrencies. ![]()
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