Are there any limitations or restrictions on using PayPal Friends and Family to buy or sell digital currencies?

3 answers

• Dec 18, 2021 · 3 years ago
  Yes, there are limitations and restrictions when using PayPal Friends and Family to buy or sell digital currencies. PayPal's terms of service prohibit the use of their Friends and Family feature for any type of commercial transaction, including buying or selling digital currencies. This means that if you use PayPal Friends and Family to buy or sell digital currencies, you may be in violation of PayPal's terms of service and your account could be suspended or closed. It is important to use PayPal's appropriate services for digital currency transactions to ensure compliance with their policies and avoid any potential issues.
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• Dec 18, 2021 · 3 years ago
  Absolutely! PayPal Friends and Family is not intended for commercial transactions, including the buying or selling of digital currencies. It is primarily designed for personal payments between friends and family members. If you use PayPal Friends and Family for digital currency transactions, you may be in violation of PayPal's terms of service and risk having your account suspended or closed. To buy or sell digital currencies, it is recommended to use a platform or exchange that is specifically designed for such transactions and complies with relevant regulations.
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• Dec 18, 2021 · 3 years ago
  Yes, there are limitations and restrictions on using PayPal Friends and Family to buy or sell digital currencies. While it may seem convenient to use this feature, PayPal's terms of service clearly state that it is not intended for commercial transactions. Buying or selling digital currencies falls under the category of commercial transactions, and using Friends and Family for such purposes can result in account restrictions or even permanent closure. It is advisable to use a platform or exchange that specializes in digital currency transactions to ensure a smooth and compliant experience.
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