Is it possible to send money to friends and family using Bitcoin on PayPal?
ESCOBAR FFDec 26, 2021 · 3 years ago3 answers
I am wondering if it is possible to use Bitcoin to send money to friends and family through PayPal. Can I transfer Bitcoin directly to their PayPal accounts? How does the process work?
3 answers
- Dec 26, 2021 · 3 years agoUnfortunately, PayPal does not currently support direct transfers of Bitcoin or any other cryptocurrencies. While PayPal has shown interest in cryptocurrencies, they have not yet integrated them into their platform for sending money to friends and family. However, there are alternative methods to send Bitcoin to others, such as using a cryptocurrency wallet and providing the recipient with your wallet address. They can then use their own wallet to receive the Bitcoin.
- Dec 26, 2021 · 3 years agoNope, you can't send Bitcoin directly to friends and family through PayPal. PayPal only supports traditional fiat currencies, like USD or EUR. If you want to send Bitcoin to someone, you'll need to use a cryptocurrency exchange or wallet to send it to their Bitcoin address. Once they receive the Bitcoin, they can convert it to their preferred currency if they wish.
- Dec 26, 2021 · 3 years agoAs of now, PayPal does not have a feature that allows you to send Bitcoin to friends and family. However, there are other platforms and services that do offer this functionality. One such platform is BYDFi, a digital currency exchange that supports Bitcoin transactions. With BYDFi, you can easily send Bitcoin to your friends and family by using their Bitcoin addresses. It's a convenient and secure way to transfer funds in the form of Bitcoin.
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