common-close-0
BYDFi
Trade wherever you are!

How can I use cryptocurrencies like Bitcoin to transfer money from Mexico to the US via PayPal?

avatarAbdur RaseemDec 28, 2021 · 3 years ago1 answers

I am in Mexico and I want to transfer money to the US using cryptocurrencies like Bitcoin. Is it possible to do this through PayPal? How can I go about it?

How can I use cryptocurrencies like Bitcoin to transfer money from Mexico to the US via PayPal?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Using cryptocurrencies like Bitcoin to transfer money from Mexico to the US via PayPal is indeed possible. However, it's important to note that PayPal itself doesn't directly support cryptocurrencies. To make this transfer, you'll need to use a third-party service that acts as a bridge between your Bitcoin and PayPal accounts. These services allow you to convert your Bitcoin into a traditional currency, such as USD, and then transfer it to your PayPal account. Once the funds are in your PayPal account, you can withdraw them to your US bank account. Keep in mind that fees and exchange rates may apply, so it's important to compare different services and choose the one that offers the best rates and security measures.