Can you use digital currencies to send international money through PayPal?
Thorhauge HarveyJan 05, 2022 · 3 years ago3 answers
Is it possible to send international money through PayPal using digital currencies? Can I use cryptocurrencies like Bitcoin or Ethereum to transfer funds internationally through PayPal?
3 answers
- Jan 05, 2022 · 3 years agoUnfortunately, PayPal does not currently support the direct use of digital currencies like Bitcoin or Ethereum to send international money. PayPal only allows users to send and receive funds in traditional fiat currencies. However, there are alternative platforms and services that specialize in using cryptocurrencies for international money transfers.
- Jan 05, 2022 · 3 years agoNope, you can't use digital currencies like Bitcoin or Ethereum to send international money through PayPal. PayPal only accepts fiat currencies for transactions. If you want to use cryptocurrencies for international transfers, you'll need to find a different platform or service that supports it.
- Jan 05, 2022 · 3 years agoWhile PayPal itself does not support the use of digital currencies for international money transfers, there are third-party platforms like BYDFi that allow users to convert their digital currencies into fiat currencies and then transfer the funds internationally through PayPal. So, indirectly, you can use digital currencies to send international money through PayPal by using services like BYDFi.
Related Tags
Hot Questions
- 98
How can I minimize my tax liability when dealing with cryptocurrencies?
- 94
How can I protect my digital assets from hackers?
- 92
Are there any special tax rules for crypto investors?
- 90
How does cryptocurrency affect my tax return?
- 68
What is the future of blockchain technology?
- 66
What are the best digital currencies to invest in right now?
- 60
What are the advantages of using cryptocurrency for online transactions?
- 55
What are the best practices for reporting cryptocurrency on my taxes?