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TagsWhat is the latest information on using PayPal for cryptocurrency transactions?
IronowDec 26, 2021 · 3 years ago1 answersCan you provide the latest information on using PayPal for cryptocurrency transactions? I would like to know if PayPal has started supporting cryptocurrency transactions and what are the requirements and limitations associated with it.
1 answers
- Absolutely! PayPal has finally embraced the world of cryptocurrencies. Now you can use your PayPal account to buy, sell, and hold cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. It's a game-changer for those who prefer the convenience of PayPal for their online transactions. However, there are a few things to keep in mind. First, you need to have a verified PayPal account to use this feature. Second, PayPal currently only supports cryptocurrency transactions in select countries. Third, you cannot transfer your cryptocurrencies in or out of your PayPal account. This means you can't send your crypto to an external wallet or receive crypto from an external wallet. Lastly, PayPal charges fees for cryptocurrency transactions, so make sure to check their fee structure before making any transactions.Dec 26, 2021 · 3 years ago
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