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Author: Admin | 2025-04-28
In briefPayPal users in the US can buy cryptocurrencies including Bitcoin directly through the platform.In the first half of 2021, the feature will roll out to "select international markets."Bitcoin bought on PayPal cannot be transferred out of PayPal's digital wallet.In November 2020, PayPal announced that all account holders in the U.S. would be able to buy and sell cryptocurrencies including Bitcoin through its platform. The news followed its announcement in October 2020 that it would introduce options for cryptocurrency buying and selling, through a partnership with Paxos Crypto Brokerage.PayPal allows purchases of Bitcoin, Ethereum, Bitcoin Cash and Litecoin within the PayPal digital wallet."We are pleased to announce that all eligible PayPal accountholders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal," the company said in a brief statement, which added that users in the United States will soon able to use cryptocurrencies to buy products from its 26 million merchants worldwide. Payments will be converted into fiat at the point of sale.At the time, PayPal announced that crypto buying and selling features would be rolled out to "select international markets"; in August 2021, the UK became the first country outside the U.S. to allow PayPal customers to buy, sell and hold Bitcoin.In April 2021, PayPal also added crypto buying features to its social payments service Venmo, with customers also gaining a "cash back to crypto" feature in August 2021.Crypto buying is already proving a popular option among PayPal users, helping to propel the payments service to record numbers in the first quarter of 2021—so how do you get started?How to buy Bitcoin using PayPalFirst things first: You need a PayPal account, obviously. If you don’t have one, you’ll need to set one up with your credit card or bank account and an email address, at PayPal.com.Now it’s time to buy some BTC. The experience is broadly similar across the PayPal website and the PayPal app; for this walkthrough, we're using the website. On the home screen (the “Payments” screen in the app) select the “Buy Bitcoin and more” banner, displayed toward the top of the page.Next,
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