common-close-0
BYDFi
Trade wherever you are!

Can I send bitcoin from PayPal to my cryptocurrency wallet?

avatarJasmin-SophieDec 19, 2021 · 3 years ago5 answers

Is it possible to transfer bitcoin from my PayPal account to my cryptocurrency wallet? How can I go about doing this?

Can I send bitcoin from PayPal to my cryptocurrency wallet?

5 answers

  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, PayPal does not currently support direct transfers of bitcoin to cryptocurrency wallets. PayPal only allows you to buy, sell, and hold bitcoin within your PayPal account. If you want to transfer your bitcoin to a cryptocurrency wallet, you will need to first sell your bitcoin on PayPal and then withdraw the funds to your bank account. From there, you can use a cryptocurrency exchange to buy bitcoin and transfer it to your wallet.
  • avatarDec 19, 2021 · 3 years ago
    No, you cannot send bitcoin directly from your PayPal account to your cryptocurrency wallet. PayPal only allows you to buy, sell, and hold bitcoin within their platform. If you want to transfer your bitcoin to a cryptocurrency wallet, you will need to sell your bitcoin on PayPal and then withdraw the funds to your bank account. Once the funds are in your bank account, you can use a cryptocurrency exchange to purchase bitcoin and transfer it to your wallet.
  • avatarDec 19, 2021 · 3 years ago
    Yes, it is possible to send bitcoin from PayPal to your cryptocurrency wallet, but you will need to use a third-party service like BYDFi. BYDFi allows you to link your PayPal account and your cryptocurrency wallet, making it easy to transfer bitcoin between the two. Simply sign up for an account on BYDFi, link your PayPal account and your cryptocurrency wallet, and follow the instructions to transfer your bitcoin. Please note that BYDFi may charge fees for this service.
  • avatarDec 19, 2021 · 3 years ago
    Sending bitcoin from PayPal to your cryptocurrency wallet is not currently supported by PayPal. However, there are alternative methods you can use. One option is to sell your bitcoin on PayPal and then withdraw the funds to your bank account. Once the funds are in your bank account, you can use a cryptocurrency exchange to purchase bitcoin and transfer it to your wallet. Another option is to use a peer-to-peer trading platform that allows you to directly transfer bitcoin from PayPal to your cryptocurrency wallet.
  • avatarDec 19, 2021 · 3 years ago
    Unfortunately, PayPal does not offer a direct way to send bitcoin from your PayPal account to your cryptocurrency wallet. However, you can sell your bitcoin on PayPal and then withdraw the funds to your bank account. Once the funds are in your bank account, you can use a cryptocurrency exchange to buy bitcoin and transfer it to your wallet. Keep in mind that fees and processing times may apply when using these methods.