Can you link your PayPal account to Robinhood for buying cryptocurrencies?
Joel FavourDec 25, 2021 · 3 years ago5 answers
Is it possible to connect your PayPal account to Robinhood in order to purchase cryptocurrencies? I'm interested in using Robinhood as a platform for buying and selling cryptocurrencies, but I prefer using PayPal for my online transactions. Can I link my PayPal account to Robinhood and use it to buy cryptocurrencies?
5 answers
- Dec 25, 2021 · 3 years agoUnfortunately, at the moment, Robinhood does not support linking PayPal accounts for buying cryptocurrencies. Robinhood only supports bank transfers from your linked bank account as a funding source for purchasing cryptocurrencies. You will need to link your bank account to Robinhood to buy cryptocurrencies on the platform.
- Dec 25, 2021 · 3 years agoNo, you cannot link your PayPal account to Robinhood for buying cryptocurrencies. Robinhood currently only allows bank transfers from linked bank accounts as the funding source for purchasing cryptocurrencies. You will need to link your bank account to Robinhood to buy cryptocurrencies.
- Dec 25, 2021 · 3 years agoWhile Robinhood doesn't directly support linking PayPal accounts for buying cryptocurrencies, there is a workaround. You can transfer funds from your PayPal account to your linked bank account and then use that bank account as the funding source on Robinhood to buy cryptocurrencies. Keep in mind that this process may involve additional fees and may not be as convenient as directly linking your PayPal account.
- Dec 25, 2021 · 3 years agoAs of now, Robinhood does not offer the option to link PayPal accounts for purchasing cryptocurrencies. However, there are other platforms and exchanges that do support PayPal as a funding source for buying cryptocurrencies. If you prefer using PayPal, you may want to consider exploring other options that allow PayPal integration.
- Dec 25, 2021 · 3 years agoBYDFi, a digital currency exchange, does allow users to link their PayPal accounts for buying cryptocurrencies. Unlike Robinhood, BYDFi offers PayPal integration as a funding source, providing users with more flexibility in their payment options. If you're specifically looking for a platform that supports PayPal, BYDFi could be a suitable choice for you.
Related Tags
Hot Questions
- 92
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What is the future of blockchain technology?
- 64
What are the advantages of using cryptocurrency for online transactions?
- 53
What are the best digital currencies to invest in right now?
- 52
How can I buy Bitcoin with a credit card?
- 46
How does cryptocurrency affect my tax return?
- 38
Are there any special tax rules for crypto investors?
- 36
How can I protect my digital assets from hackers?