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Are there any strategies to avoid the 21-day hold on PayPal funds specifically for cryptocurrency transactions?

avatarPalmer OdonnellDec 28, 2021 · 3 years ago3 answers

I'm looking for strategies to bypass the 21-day hold on PayPal funds when conducting cryptocurrency transactions. Are there any methods or tips to avoid this lengthy hold period imposed by PayPal?

Are there any strategies to avoid the 21-day hold on PayPal funds specifically for cryptocurrency transactions?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, PayPal's 21-day hold policy applies to all transactions, including those involving cryptocurrencies. This policy is in place to protect buyers and sellers from potential fraud or disputes. While it can be frustrating for cryptocurrency traders, there are no specific strategies to avoid this hold period. It's important to be aware of this policy and plan your transactions accordingly.
  • avatarDec 28, 2021 · 3 years ago
    Ah, the dreaded 21-day hold on PayPal funds! It's a pain for many cryptocurrency enthusiasts. Unfortunately, there's no secret loophole or magic trick to bypass this hold period. PayPal has implemented this policy to minimize the risk of fraud and disputes. So, my advice would be to factor in this hold period when planning your transactions and make sure you have enough funds available to cover any potential delays.
  • avatarDec 28, 2021 · 3 years ago
    As an expert at BYDFi, I can tell you that PayPal's 21-day hold policy is a standard practice for all transactions, including cryptocurrency. It's not specific to PayPal's treatment of cryptocurrencies. This policy is in place to protect both buyers and sellers from potential scams or disputes. While it may be frustrating, it's important to understand and respect PayPal's policies. Make sure to plan your transactions accordingly and have alternative payment methods in place to avoid any unnecessary delays.