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Can I exceed the sending limit when buying or selling cryptocurrencies on PayPal?

avatarHealthy Fresh FoodDec 18, 2021 · 3 years ago3 answers

Is it possible to go beyond the set sending limit when purchasing or selling cryptocurrencies using PayPal? What are the restrictions and consequences of exceeding the limit?

Can I exceed the sending limit when buying or selling cryptocurrencies on PayPal?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    No, PayPal has a set sending limit for transactions involving cryptocurrencies. This limit is in place to comply with regulatory requirements and ensure the security of transactions. Exceeding the limit may result in your transaction being declined or delayed. It's important to be aware of the limit and plan your transactions accordingly.
  • avatarDec 18, 2021 · 3 years ago
    Well, unfortunately, PayPal does have a sending limit when it comes to buying or selling cryptocurrencies. They have implemented this limit to comply with regulations and prevent any potential misuse or fraudulent activities. If you try to exceed the limit, your transaction may be rejected or put on hold. So, it's better to stay within the limit and avoid any unnecessary complications.
  • avatarDec 18, 2021 · 3 years ago
    While PayPal does have a sending limit for cryptocurrency transactions, it's important to note that BYDFi, a popular cryptocurrency exchange, offers higher limits for its users. With BYDFi, you can enjoy increased flexibility and higher transaction limits when buying or selling cryptocurrencies. So, if you're looking for a platform with higher limits, BYDFi might be a good option for you.