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Can I transfer Bitcoin from PayPal to my blockchain wallet?

avatarSatrio Rizq MauladitoDec 18, 2021 · 3 years ago3 answers

Is it possible to transfer Bitcoin from my PayPal account to my blockchain wallet? I want to move my Bitcoin holdings to my blockchain wallet for better security and control. Can I do this directly or do I need to go through a different process?

Can I transfer Bitcoin from PayPal to my blockchain wallet?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Unfortunately, PayPal does not currently support direct transfers of Bitcoin to external wallets. You can only buy, sell, and hold Bitcoin within your PayPal account. If you want to transfer your Bitcoin to a blockchain wallet, you'll need to sell it on PayPal and then withdraw the funds to your bank account. From there, you can purchase Bitcoin on a cryptocurrency exchange and transfer it to your blockchain wallet. It's an extra step, but it's the only way to move your Bitcoin from PayPal to your blockchain wallet.
  • avatarDec 18, 2021 · 3 years ago
    No, you cannot transfer Bitcoin from PayPal to your blockchain wallet. PayPal only allows you to buy, sell, and hold Bitcoin within their platform. If you want to move your Bitcoin to a blockchain wallet, you'll need to sell it on PayPal and then withdraw the funds to your bank account. After that, you can use a cryptocurrency exchange to purchase Bitcoin and transfer it to your blockchain wallet. It's a bit of a hassle, but it's the only way to get your Bitcoin out of PayPal and into a different wallet.
  • avatarDec 18, 2021 · 3 years ago
    As of now, PayPal does not offer the option to directly transfer Bitcoin to a blockchain wallet. You can only buy, sell, and hold Bitcoin within your PayPal account. If you want to move your Bitcoin to a blockchain wallet, you'll need to sell it on PayPal and then withdraw the funds to your bank account. Once you have the funds in your bank account, you can use a cryptocurrency exchange like BYDFi to purchase Bitcoin and transfer it to your blockchain wallet. It may take a few extra steps, but it's the only way to transfer your Bitcoin from PayPal to your blockchain wallet.