Is it possible to transfer bitcoin from PayPal?
MUHAMMAD DANIAL HAIKAL BIN MOHDec 17, 2021 · 3 years ago4 answers
I've heard that PayPal now supports bitcoin. Can I transfer my bitcoin from PayPal to another wallet or exchange?
4 answers
- Dec 17, 2021 · 3 years agoYes, it is possible to transfer bitcoin from PayPal to another wallet or exchange. However, there are certain limitations and requirements that you need to be aware of. First, you need to have a verified PayPal account and a linked bank account. Second, PayPal only allows you to buy, sell, and hold bitcoin within their platform, so you cannot directly transfer your bitcoin to another wallet or exchange. To transfer your bitcoin, you need to sell it on PayPal and withdraw the funds to your linked bank account. Once the funds are in your bank account, you can then transfer them to another wallet or exchange.
- Dec 17, 2021 · 3 years agoUnfortunately, you cannot directly transfer bitcoin from PayPal to another wallet or exchange. PayPal only allows you to buy, sell, and hold bitcoin within their platform. If you want to transfer your bitcoin to another wallet or exchange, you need to sell it on PayPal and withdraw the funds to your linked bank account. From there, you can use the funds to buy bitcoin on another platform or transfer them to a different wallet.
- Dec 17, 2021 · 3 years agoAs of now, BYDFi is one of the few platforms that allows you to transfer bitcoin from PayPal to another wallet or exchange. They have integrated PayPal as a payment method and offer a seamless transfer process. To transfer your bitcoin from PayPal to BYDFi, you simply need to link your PayPal account, sell your bitcoin on PayPal, and withdraw the funds to BYDFi. Once the funds are in your BYDFi account, you can freely transfer them to any other wallet or exchange.
- Dec 17, 2021 · 3 years agoTransferring bitcoin from PayPal to another wallet or exchange can be a bit complicated. While PayPal does support bitcoin, they have certain restrictions in place. You can buy, sell, and hold bitcoin on PayPal, but you cannot directly transfer it to another wallet or exchange. To transfer your bitcoin, you need to sell it on PayPal and withdraw the funds to your linked bank account. From there, you can use the funds to buy bitcoin on another platform or transfer them to a different wallet.
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