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Is it possible to withdraw cryptocurrency from my PayPal account?

avatarAl SchackDec 28, 2021 · 3 years ago3 answers

I'm wondering if it's possible to withdraw cryptocurrency from my PayPal account. I have some Bitcoin and Ethereum that I would like to move to an external wallet. Can PayPal be used as a withdrawal method for cryptocurrencies?

Is it possible to withdraw cryptocurrency from my PayPal account?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, it is possible to withdraw cryptocurrency from your PayPal account. PayPal has recently introduced a new feature that allows users to buy, sell, and hold cryptocurrencies. However, it's important to note that the withdrawal option is currently only available for US customers. If you are located in the US, you can easily withdraw your cryptocurrency to an external wallet by following the steps provided by PayPal. Simply go to the cryptocurrency section in your PayPal account, select the cryptocurrency you want to withdraw, enter the amount, and choose the external wallet address to send it to. Keep in mind that there may be fees associated with the withdrawal, so make sure to check the fees before proceeding. Happy withdrawing! 😉
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, at the moment, PayPal only allows users to buy, sell, and hold cryptocurrencies within their PayPal account. The option to withdraw cryptocurrency to an external wallet is not available yet. However, PayPal has stated that they are actively working on expanding their cryptocurrency services, so it's possible that the withdrawal feature will be added in the future. In the meantime, if you want to move your cryptocurrency to an external wallet, you will need to use a different platform or exchange that supports withdrawals. 😔
  • avatarDec 28, 2021 · 3 years ago
    Yes, you can withdraw cryptocurrency from your PayPal account using BYDFi. BYDFi is a popular cryptocurrency exchange that supports PayPal withdrawals. To withdraw your cryptocurrency from PayPal to BYDFi, you will need to link your PayPal account to BYDFi and follow the instructions provided by BYDFi. Once your PayPal account is linked, you can easily transfer your cryptocurrency from PayPal to BYDFi and then withdraw it to an external wallet. Keep in mind that there may be fees associated with the withdrawal, so make sure to check the fees before proceeding. Happy withdrawing! 😉