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TagsIs it possible to receive payments in cryptocurrency from friends and family through PayPal?
Kalyan TarafdarDec 26, 2021 · 3 years ago1 answersI am wondering if it is feasible to receive payments in cryptocurrency from friends and family through PayPal. Can I use PayPal to accept cryptocurrencies like Bitcoin, Ethereum, or other digital currencies from people I know? Is there any specific process or feature that allows this? How does it work and what are the limitations?
1 answers
- Yes, it is possible to receive payments in cryptocurrency from friends and family through PayPal. However, it's important to note that PayPal's cryptocurrency feature is currently available only in select countries. If you are in one of the supported countries, you can receive payments in cryptocurrency by simply providing your PayPal email address to the sender. They can then choose the cryptocurrency they want to send and complete the transaction. The cryptocurrency will be credited to your PayPal account. Keep in mind that PayPal may charge fees for cryptocurrency transactions, so it's advisable to review their fee structure. Additionally, PayPal has certain limitations on cryptocurrency transactions, such as minimum and maximum transaction amounts. Make sure to familiarize yourself with these limitations before expecting to receive payments in cryptocurrency through PayPal.Dec 26, 2021 · 3 years ago
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