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Is it possible to transfer Bitcoin or Ethereum from PayPal to an external wallet?

avatarRamachandran RamDec 28, 2021 · 3 years ago3 answers

I'm wondering if it's feasible to transfer Bitcoin or Ethereum from PayPal to an external wallet. Can PayPal be used as a platform to directly send cryptocurrencies to an external wallet address?

Is it possible to transfer Bitcoin or Ethereum from PayPal to an external wallet?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, it is possible to transfer Bitcoin or Ethereum from PayPal to an external wallet. PayPal has recently introduced a feature that allows users to buy, sell, and hold cryptocurrencies directly within their PayPal accounts. However, it's important to note that PayPal currently only supports the buying, selling, and holding of cryptocurrencies, and does not allow for direct transfers to external wallets. To transfer your Bitcoin or Ethereum to an external wallet, you would need to sell your cryptocurrencies on PayPal and then withdraw the funds to your bank account. From there, you can use a cryptocurrency exchange or wallet service to purchase and transfer your Bitcoin or Ethereum to an external wallet address.
  • avatarDec 28, 2021 · 3 years ago
    Unfortunately, PayPal does not currently support direct transfers of Bitcoin or Ethereum to external wallets. While you can buy, sell, and hold cryptocurrencies within your PayPal account, the option to send them to an external wallet is not available. If you want to transfer your Bitcoin or Ethereum to an external wallet, you would need to sell your cryptocurrencies on PayPal and then withdraw the funds to your bank account. From there, you can use a cryptocurrency exchange or wallet service to purchase and transfer your Bitcoin or Ethereum to an external wallet address.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! You can transfer Bitcoin or Ethereum from PayPal to an external wallet, but it requires a few extra steps. First, you'll need to sell your cryptocurrencies on PayPal and withdraw the funds to your bank account. Once you have the funds in your bank account, you can use a cryptocurrency exchange or wallet service to purchase Bitcoin or Ethereum and transfer it to your external wallet address. Keep in mind that there may be fees associated with these transactions, so be sure to check the terms and conditions of the exchange or wallet service you choose.