Can I use PayPal to buy and sell cryptocurrencies?
Asked 4 years ago
I'm fairly new to stocks - just over a year - and having a good trend on my portfolio. I'm currently using Robinhood and wondering if I can use PayPal to buy and sell cryptocurrencies?
Simon Mugo
Thursday, April 08, 2021
Yes, you can use PayPal to buy and sell cryptocurrencies, but this feature is limited to a few countries, and you have to check if it is available in your country.
Once you log in to your account using the PayPal mobile app, you will see a crypto button at the bottom of the app. If this button is not available on the app, then the service is not available in your country.
After clicking on the crypto menu, you will get access to the cryptos offers by PayPal, which are Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. You can then choose which crypto you want to buy or sell.
PayPal allows its clients to buy cryptos starting with as little as US$1. The company has a huge collection of educational materials to guide you through buying and selling cryptos, even if you are a beginner.
Kristine Relieve
Tuesday, April 27, 2021
As to my knowledge, PayPal can be used to buy and sell Cryptocurrencies. There are easy guidelines and tutorial videos on how to use this platform.
Here are some steps on how to use it, one particular site from Bitcoin to PayPal. First: Login to PayPal, select Cryptocurrency > select Bitcoin > select Buy, choose how much 'Bitcoin' wanted to buy. Select Payment Method (through a local bank), then hit Buy button. It will be seen on the screen of successful transaction and reflected on the PayPal transaction history.
PayPal is really safe to use.
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