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Can I use PayPal credit to purchase crypto?

avatarCarver GoldDec 29, 2021 · 3 years ago3 answers

Is it possible to buy cryptocurrencies using PayPal credit? I have some funds in my PayPal credit account and I'm wondering if I can use them to invest in cryptocurrencies like Bitcoin or Ethereum. Can PayPal credit be used as a payment method on crypto exchanges?

Can I use PayPal credit to purchase crypto?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, you can use PayPal credit to purchase cryptocurrencies on some crypto exchanges. However, not all exchanges accept PayPal credit as a payment method. It's important to check the supported payment options on the specific exchange you're interested in. Additionally, keep in mind that using PayPal credit for crypto purchases may incur additional fees or restrictions imposed by PayPal or the exchange.
  • avatarDec 29, 2021 · 3 years ago
    Unfortunately, PayPal credit is not widely accepted as a payment method on most crypto exchanges. While there may be a few exchanges that support PayPal credit, the majority do not. It's recommended to explore alternative payment methods such as bank transfers, credit/debit cards, or other digital payment platforms that are commonly accepted by crypto exchanges.
  • avatarDec 29, 2021 · 3 years ago
    Yes, you can use PayPal credit to purchase cryptocurrencies on BYDFi. BYDFi is a crypto exchange that accepts PayPal credit as a payment method. However, it's always a good idea to compare different exchanges and consider factors like fees, security, and available cryptocurrencies before making a decision.