Sending Crypto From Paypal To External Wallet (2024)

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (1)

Contributor

Posted on

‎Nov-03-202010:02 AM

I just recently purchased Litecoin with the intention of sending it to my personal Litecoin wallet. I can't seem to find any option to do this. There doesn't seem to be any options to do options to do this with any other coins like Bitcoin, i.e. sending Bitcoin to external Bitcoin Wallet.

If this is indeed the case, buying crypto at PayPal is little more than a very limited cash exchange that doesn't really even give you the opportunity to own crypto. I hope that isn't the case. I must be missing something here?

Is there a way to send my crypto holdings to an external wallet?

33 REPLIES 33

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (3)

Contributor

‎Dec-07-202005:49 PM

No you cannot. PayPal holds the cryptos and the keys. The coins stay with PayPal.

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (5)

Contributor

‎Dec-19-202009:50 AM

Same here I can't find anything to send to external wallet. It's almost like this is a simulation but with your money. I can't figure out how to sell. PayPal is lacking the buttons with next on them. I just tried to answer a survey and there was no continue button

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (7)

Contributor

‎Dec-23-202008:13 PM

You can only sell it and receive the funds $ in your PayPal account.

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (9)

Contributor

‎Dec-26-202006:04 AM

the only problem I have in right now with PayPal is selling the crypto there is no next button there is no sale button there is no button period that sells anything I'll let customer service know and they are having their programmers on top of it but not fast enough when crypto gets an all-time high I can't sell **bleep** and that **bleep** me off and this is the last time I will ever buy crypto off PayPal

Sending Crypto From Paypal To External Wallet

‎Mar-18-202111:54 AM

glad you learned. next time read TOS first. or google it ... join reddit or fb groups, they will all tell you not to buy via PayPal - not your keys = not your crypto.

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (13)

Contributor

‎Mar-18-202104:01 PM

Paypal was my very first foray into crypto just a few months ago. I was just getting my feet wet and a total noob. Still a total noob, but wiser now. At the time I bought it, I thought it would just be a pleasant way for me to watch a tiny investment grow over time, and maybe cash in some profits every now and then for coffee money. Now I realize crypto is far more than just that, with the potential for enormous profits, and for the most part should be held and not spent on coffee. lol! And if I want to invest a larger amount of funds, I need access to my funds so I can store them (NOT on PayPal) in a secure wallet with my own key(s). Now I'm waiting for the functionality to be added to PayPal, but it could be years, right? So thank God it was only a tiny amount of money. And any further transactions, if I decide to invest more, will be done on a proper, reputable exchange where I can transfer the coin OUT, and into a secure wallet.

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (15)

Contributor

‎Aug-08-202111:50 AM

I'm in the same exact boat as this guy. I bought maybe 100 dollars worth of crypto on paypal before realizing that paypal treats crypto like a stock that can only be liquidated to USD instead of an actual currency. They have made strides like making paying with crypto viable on the platform, but still will not relent on sending to external wallets.

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (17)

Contributor

‎Apr-03-202111:27 AM

**bleep** paypal if I can't take my crypto out I won't be using it for that. **bleep** cost me 300.00 to buy what I got and now I've got to sell the **bleep**. Probably cost another **bleep**ing 300.00

Sending Crypto From Paypal To External Wallet

Sending Crypto From Paypal To External Wallet (19)

New Community Member

‎Jul-05-202107:03 AM

YES, THEY SHOULD SAY IN BIG TYPING, ITS JUST HOLDING (crypto) MORE OF INVESTMENT, , WHATS THE POINT IF YOU CANT USE IT to BUY somthing. YES i did not read the ten pages...MY LOSS $$ 400 $$ they dropped alot..

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Sending Crypto From Paypal To External Wallet (2024)

FAQs

Can I withdraw crypto from PayPal to external wallet? ›

In order to send Crypto Assets outside of PayPal, you will need to provide the wallet address where you want to send the Crypto Assets. You should carefully verify that you have provided the correct destination wallet information to PayPal prior to submitting your external transfer.

Can I buy Bitcoin on PayPal and send to an external wallet? ›

You can send crypto from your PayPal Crypto Hub to an external crypto wallet and buy and send crypto to the external crypto wallet.

Why won't PayPal let me transfer crypto? ›

Transfers can fail for many reasons, including issues with the cryptocurrency network, system downtime, or issues unique to your account. PayPal does not own or control cryptocurrency networks.

What is the limit on PayPal cryptocurrency transfer? ›

Is there a maximum amount for PayPal's Cryptocurrency service? The maximum amount for weekly cryptocurrency purchases in the US is $100,000 USD per week, with a weekly transfer limit of $25,000 with no annual purchase limits.

Why can't I withdraw crypto from PayPal? ›

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.

How do I withdraw from crypto to external wallet? ›

Once you're logged in, click on ''Wallet'', select the cryptocurrency you want to withdraw, and hit ''Withdraw'' from the ⋯ menu. If this is the first time you withdraw to an external address, which we assume for the purpose of this guide, click ''Add Withdrawal Address. '' You will now be asked to label the address.

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.

Can you send crypto from PayPal to Coinbase? ›

PayPal only allows cash-to-cash transfers, so the amount of your purchase was added to your Coinbase balance, then immediately used to purchase the same amount's worth of cryptocurrency.

How much does PayPal charge for crypto transactions? ›

Buying or selling a cryptocurrency
Purchase or sale amountFee
5.00 – 24.99 USD0.99 USD
25.00 – 74.99 USD1.99 USD
75.00 – 200.00 USD2.49 USD
200.01 – 1000.00 USD1.80%
2 more rows

Can I send money from PayPal to crypto wallet? ›

Yes, you can transfer cryptocurrency into and out of PayPal.

Why is PayPal denying my transfer? ›

There may be a limitation on your PayPal account that prevents the transfer. Remove the limitation to restore your full account functionality. Your debit card or bank account may not be eligible to process the instant transfer. Select a different bank or card that supports instant transfer from PayPal.

Is PayPal having issues with crypto? ›

Current PayPal Crypto status is UP.

How do I withdraw Bitcoin from PayPal to my wallet? ›

Transferring crypto from your PayPal wallet
  1. Select your chosen coin in the Crypto tab and use the transfers button to send your crypto out of PayPal into an external wallet. ...
  2. If your identity is verified, you can select “Send” and enter the wallet address where you want to send your crypto.
Aug 10, 2023

What is the maximum amount you can send on PayPal wallet? ›

If you have a verified PayPal account, there's no limit on the total amount of money you can send. You can send up to 60,000.00 USD in a single transaction, but we may limit that amount to 10,000.00 USD. These amounts can also vary depending on your currency.

Why is PayPal holding my Bitcoin? ›

If you buy cryptocurrencies but we have not yet received the cleared purchase funds from you, we are entitled to retain the proceeds of any sale by you of your cryptocurrencies pending our receipt of those cleared purchase funds.

How do I cash out my PayPal crypto? ›

To sell Cryptocurrency with PayPal on the app:
  1. Tap Finances.
  2. Select one of the existing Crypto holdings and tap Sell.
  3. Confirm Tax Information (needed for first-time sale).
  4. Enter the amount you want to sell and tap Next.
  5. Tap Sell Now.

Can I send crypto from PayPal to CoinBase? ›

PayPal only allows cash-to-cash transfers, so the amount of your purchase was added to your Coinbase balance, then immediately used to purchase the same amount's worth of cryptocurrency.

Can you transfer from PayPal to Trust wallet? ›

First you'll have to withdraw money from PayPal to bank account or to MPesa and use that money to buy crypto at an exchange and transfer it to Trust Wallet app OR use the funds to buy crypto with say a debit card associated with your bank account or Google Pay right in Trust Wallet app itself.

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