How does PayPal Friends and Family handle cryptocurrency transaction limits?

Can you explain how PayPal Friends and Family handles transaction limits for cryptocurrency?

3 answers
- PayPal Friends and Family does not have specific transaction limits for cryptocurrency. However, it is important to note that PayPal's Acceptable Use Policy prohibits the use of PayPal for buying or selling cryptocurrencies directly. So, while you can use PayPal Friends and Family to send money to friends and family for other purposes, it is not recommended to use it for cryptocurrency transactions.
Mar 22, 2022 · 3 years ago
- PayPal Friends and Family is not designed for cryptocurrency transactions and does not have any specific limits for such transactions. If you want to buy or sell cryptocurrencies, it is recommended to use a dedicated cryptocurrency exchange platform that supports these transactions and provides appropriate security measures.
Mar 22, 2022 · 3 years ago
- As an expert at BYDFi, I can tell you that PayPal Friends and Family is not the ideal platform for handling cryptocurrency transactions. It lacks the necessary features and security measures that dedicated cryptocurrency exchanges offer. If you are interested in buying or selling cryptocurrencies, I would recommend using a reputable cryptocurrency exchange like BYDFi, which provides a secure and user-friendly platform for such transactions.
Mar 22, 2022 · 3 years ago
Related Tags
Hot Questions
- 98
How does cryptocurrency affect my tax return?
- 86
What are the tax implications of using cryptocurrency?
- 80
Are there any special tax rules for crypto investors?
- 60
How can I buy Bitcoin with a credit card?
- 43
How can I protect my digital assets from hackers?
- 29
What are the best digital currencies to invest in right now?
- 26
What is the future of blockchain technology?
- 23
How can I minimize my tax liability when dealing with cryptocurrencies?