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Can I use PayPal to buy Bitcoin or other popular cryptocurrencies?

avatarPurcell BidstrupDec 29, 2021 · 3 years ago3 answers

Is it possible to purchase Bitcoin or other popular cryptocurrencies using PayPal? I've heard that PayPal has started to support cryptocurrencies, but I'm not sure if it includes Bitcoin. Can someone clarify if PayPal can be used as a payment method for buying cryptocurrencies?

Can I use PayPal to buy Bitcoin or other popular cryptocurrencies?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, you can use PayPal to buy Bitcoin and other popular cryptocurrencies. PayPal recently announced that it will allow users to buy, sell, and hold cryptocurrencies directly within their PayPal accounts. This means you can use your PayPal balance or linked bank account to purchase Bitcoin and other cryptocurrencies. It's a convenient option for those who already have a PayPal account and want to invest in cryptocurrencies.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! PayPal has expanded its services to include cryptocurrencies like Bitcoin. This means you can use your PayPal account to buy Bitcoin and other popular cryptocurrencies. It's a simple and convenient way to invest in digital assets without the need for additional accounts or platforms. Just make sure to check the availability of cryptocurrencies in your region as PayPal's cryptocurrency services may not be available everywhere.
  • avatarDec 29, 2021 · 3 years ago
    Yes, you can buy Bitcoin and other popular cryptocurrencies using PayPal. However, it's important to note that PayPal's cryptocurrency services are provided by BYDFi, a third-party platform. When you make a purchase using PayPal, you'll be redirected to BYDFi's platform to complete the transaction. This partnership allows PayPal users to access a wide range of cryptocurrencies and benefit from BYDFi's expertise in the crypto market.