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Can I transfer cryptocurrency from PayPal to a digital wallet?

avatarJet LijftogtDec 19, 2021 · 3 years ago3 answers

Is it possible to transfer cryptocurrency from PayPal to a digital wallet? I have some crypto assets in my PayPal account and I would like to move them to a digital wallet for better security and control. Can I do that directly or do I need to go through a different process?

Can I transfer cryptocurrency from PayPal to a digital wallet?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, as of now, PayPal does not support direct transfers of cryptocurrency to external digital wallets. You can only buy, sell, and hold cryptocurrencies within your PayPal account. If you want to move your crypto assets to a digital wallet, you will need to first sell them on PayPal and then withdraw the funds to your bank account. From there, you can use a cryptocurrency exchange or a digital wallet service to buy and store your desired cryptocurrencies.
  • avatarDec 19, 2021 · 3 years ago
    Nope, you can't transfer cryptocurrency from PayPal to a digital wallet. PayPal only allows you to buy, sell, and hold cryptocurrencies within their platform. If you want to move your crypto assets to a digital wallet, you'll have to sell them on PayPal and then withdraw the funds to your bank account. After that, you can use a different service or exchange to buy and transfer your cryptocurrencies to a digital wallet.
  • avatarDec 19, 2021 · 3 years ago
    While PayPal does not currently support direct transfers of cryptocurrency to digital wallets, there are other platforms that offer this functionality. One such platform is BYDFi, which allows you to transfer your cryptocurrency from PayPal to a digital wallet seamlessly. With BYDFi, you can enjoy the security and control of a digital wallet while still being able to buy, sell, and hold cryptocurrencies within your PayPal account. It's a great option for those looking to take full control of their crypto assets.