FAQs
Proceeds from the sale of cryptocurrencies will be deposited in USD in your PayPal balance. The funds can then be used to make purchases and transferred or deposited into any PayPal-linked debit card or bank account.
Can you sell crypto through PayPal? ›
With PayPal you can:
Buy, hold, and sell Crypto. Through checkout with Crypto you can sell Crypto and use the proceeds to pay for purchases through your PayPal account. Transfer cryptocurrencies between eligible PayPal, Venmo, accounts, and other wallets and exchanges.
How do I turn my crypto into cash? ›
To withdraw money from crypto to your bank account, first, sell your cryptocurrency on a crypto exchange that supports fiat currency withdrawals (like Mudrex). Link your bank account to the exchange, initiate a withdrawal request, and the converted funds should arrive in your bank account within a few business days.
Why has PayPal stopped selling crypto? ›
PayPal's crypto purchasing service is temporarily paused while we update our system to comply with new UK regulations. You can continue to hold your crypto, or you may sell if you choose.
How to transfer crypto to bank account? ›
Cash out your funds
- Sign into Coinbase.com.
- Select My Assets.
- Select your cash balance.
- Select Cash out and enter the amount.
- Select Transfer to and choose the destination.
- Select Review.
- Select Withdraw cash.
To withdraw money from your PayPal account:
- Go to Wallet.
- Click Transfer Money.
- Click Withdraw from PayPal to your bank account.
- Select Instant (Free) or Standard (Free).
- Follow the instructions.
The cryptocurrency transfers feature may be disabled on your account due to a variety of factors. Users with a negative balance will not be able to transfer crypto. Additionally, pending crypto purchases, such as those purchased via a bank transfer may take multiple days to clear.
Which crypto exchange accepts PayPal? ›
5 Best Crypto Exchanges That Accept PayPal 2024
- CoinBase: Best for international users.
- Changelly: Best for advanced traders.
- eToro: For those looking for a social connection.
- Kraken: For the serious trader.
- Paxful: Best P2P trading platform for pure anonymity.
Here's how to buy cryptocurrency with PayPal on the web:
- Click Finances.
- Click Buy.
- Choose a crypto to buy.
- Choose an amount and frequency (Daily, Weekly, Biweekly, or Monthly.) Frequency will default to One-time.
- Choose a payment method and tap Next.
- Click Buy Now.
Download the BitPay Wallet app or use the BitPay.com platform. Select the cryptocurrency and the amount you'd like to convert crypto to cash. Choose your payout method—direct bank deposit or an existing debit card. Review the quoted rate for selling your crypto.
The cheapest way to convert crypto to cash often involves using a cryptocurrency exchange with low trading and withdrawal fees. Peer-to-peer platforms can also be cost-effective, as they allow you to set your exchange rates and fees, but they may come with increased risk.
Can you convert crypto to USD? ›
Convert Bitcoin to United States Dollar
1 BTC equals 57,300.00 USD. The current value of 1 Bitcoin is -0.40% against the exchange rate to USD in the last 24 hours. The current Bitcoin market cap is $1.13T. Create a free Kraken account to instantly convert BTC to USD or trade BTC/USD markets today.
How do I sell my crypto on PayPal? ›
How do I use PayPal to buy and sell crypto through my external wallet?
- Log in to your crypto wallet.
- Tap Buy or Sell, then select 'PayPal.'
- Enter the USD amount worth of crypto you want to buy, or crypto quantity you want to sell. ...
- Review the transaction details and PayPal will manage the rest.
PayPal makes it really easy to buy cryptocurrency like Bitcoin and Ethereum with their PayPal Crypto site. Plus, since they are experts at having a secure site with all the normal transactions they do they promote that you can get the same level of safety by buying your cryptocurrency through PayPal Crypto.
How much does PayPal charge for crypto transactions? ›
Buying or selling a cryptocurrency
| Purchase or sale amount | Fee |
|---|
| 25.00 – 74.99 USD | 1.99 USD |
| 75.00 – 200.00 USD | 2.49 USD |
| 200.01 – 1000.00 USD | 1.80% |
| 1000.01 USD + | 1.50% |
2 more rowsSell crypto and cash out your balance. When cashing out your crypto, depending on the payment methods available to you, you can either transfer, "cash out" your funds to your bank, or leave your cash balance for future crypto purchases. Coinbase does not have limits on selling crypto to your cash balance.
Are you allowed crypto on PayPal? ›
Which Cryptocurrencies are supported on PayPal? Customers in the U.S. and U.S. Territories (excluding Hawaii) can transact with the following cryptocurrencies on PayPal: PayPal USD, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Is PayPal good for crypto? ›
PayPal makes it really easy to buy cryptocurrency like Bitcoin and Ethereum with their PayPal Crypto site. Plus, since they are experts at having a secure site with all the normal transactions they do they promote that you can get the same level of safety by buying your cryptocurrency through PayPal Crypto.
Finances.
