Can I buy cryptocurrency through PayPal without verification?
Asked 4 years ago
So I know that I can still receive payments even though my Paypal account isn't verified, but can I buy crypto?
Andia Rispah Igobwa
Wednesday, January 05, 2022
You may buy cryptocurrencies with PayPal without providing any significant verification via decentralized P2P cryptocurrency exchanges. Local bitcoin vendors that accept PayPal may be found on P2P decentralized crypto exchanges.
You're not required to provide proof of identification when making a purchase with PayPal as a payment option. As decentralized crypto exchanges do not rely on centralization principles, you don't have to submit any identity verification when using PayPal as a payment method.
However, keep in mind that when buying cryptocurrencies with PayPal on peer-to-peer crypto exchanges, you only have to complete a few verification steps set by the cryptocurrency seller.
Please follow our Community Guidelines
Related Articles
What You Need to Know Before Buying Crypto With PayPal
Shir Lapidot
April 21, 2021
The Best Brokers and Apps for Trading OTC and Penny Stocks in 2021
Andrew Moran
August 11, 2021
Best Forex Day Trading Strategies for Beginners
Filip Dimkovski
December 23, 2024
Related Posts
Filip Dimkovski
Identifying a Legit Cryptocurrency Trading Platform
Emmanuel Ajala
What Is an NFT and How Does It Work?
Can't find what you're looking for?