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Can I use PayPal credit to buy Bitcoin?

avatarCheezbuggahDec 16, 2021 · 3 years ago3 answers

Is it possible to purchase Bitcoin using PayPal credit? I have some funds in my PayPal credit account and I'm wondering if I can use them to buy Bitcoin. Can anyone provide some insights on this?

Can I use PayPal credit to buy Bitcoin?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Unfortunately, PayPal credit cannot be directly used to buy Bitcoin. PayPal does not currently support the purchase of cryptocurrencies using their credit service. However, there are alternative ways to buy Bitcoin using PayPal, such as using a peer-to-peer trading platform or a cryptocurrency exchange that accepts PayPal as a payment method.
  • avatarDec 16, 2021 · 3 years ago
    No, you cannot use PayPal credit to buy Bitcoin. PayPal credit can only be used for purchases within the PayPal ecosystem, and cryptocurrencies are not included in their supported transactions. If you're looking to buy Bitcoin, you may consider using other payment methods like bank transfers or credit/debit cards on cryptocurrency exchanges.
  • avatarDec 16, 2021 · 3 years ago
    While PayPal credit itself does not allow direct purchases of Bitcoin, you can use BYDFi, a popular cryptocurrency exchange, to buy Bitcoin with PayPal. BYDFi supports PayPal as a payment method, allowing you to use your PayPal credit to purchase Bitcoin and other cryptocurrencies. Keep in mind that there may be fees and restrictions associated with using PayPal on BYDFi, so it's important to review their terms and conditions before proceeding.