Cryptocurrency on PayPal – Purchase questions
Can I transfer Cryptocurrency into and out of PayPal?
Currently, you can only hold the Cryptocurrency that you buy on PayPal in your U.S. Personal or Premier PayPal Cash and PayPal Cash Plus account. Additionally, the Cryptocurrency in your account cannot be transferred to other accounts on or off PayPal.
You can find our Terms and Agreements and Acceptable Use Policy by clicking Legal at the bottom of any PayPal page.
Will I get a private key for the Cryptocurrency I buy on PayPal?
You own the Cryptocurrency you buy on PayPal but will not be provided with a private key. If you can log in to your PayPal account, you’ll have access to Cryptocurrency balance you hold.
Where does the money go when I sell my Cryptocurrency?
The money goes directly to your PayPal Cash or PayPal Cash Plus balance where you can use it as you normally would.
How long does it take to receive money from selling Cryptocurrency?
Usually, the money you receive from selling Crypto will be available instantly in your PayPal Cash or PayPal Cash Plus balance. As with all PayPal transactions, Crypto sales are subject to review and could be delayed or stopped if there's an issue.
Do I need a PayPal account to use this Cryptocurrency service?
Yes. New users should sign up for a Personal or Premier PayPal Cash and PayPal Cash Plus account by downloading the PayPal app or visiting www.paypal.com/signup. Existing users will be asked to complete a brief, one-time Crypto-specific registration process before they can purchase Cryptocurrency.
Is there a maximum dollar amount for PayPal's Cryptocurrency service?
The maximum dollar amount for weekly Cryptocurrency purchases is 20,000.00 USD. The maximum dollar amount for any single crypto purchase is also 20,000.00 USD. The maximum dollar amount for purchases over a 12-month period is 50,000.00 USD.
Will PayPal support peer-to-peer (P2P) Crypto trades?
We don’t support Crypto trades at this time. PayPal only supports the purchase and sale of Cryptocurrency using your PayPal account.
To complete P2P transactions with PayPal, all Crypto assets held with PayPal must be sold and thus converted into USD before sending a payment.
What payment methods can be used to buy Crypto?
Users can buy Crypto using their PayPal Cash or Cash Plus balance, or a PayPal-linked debit card or bank account.
Can I use a credit card to buy Crypto on PayPal?
No. Users can only fund Crypto purchases with their PayPal Cash or Cash Plus balance, or a PayPal-linked debit card or bank account.
Will the PayPal app track Crypto prices in real-time?
By default, users will be shown the change in Crypto market value over a 24-hour period using a line graph, with the option to toggle to view 1 week, 1 month, 6 months and 1 year or the entire history of the selected Cryptocurrency. Users will be able to click on the timeline graph to view more specific values over time.
When I click to 'Buy' Crypto, will I be getting the current price displayed on the app?
Yes. The market value of the Cryptocurrency displayed when a user clicks 'Buy' will be the price you pay. That price will update every few seconds to reflect any change to the market value.
Once I click 'Buy', can I stop or reverse the transaction? Will you give me a refund?
Once purchased, Crypto bought using PayPal cannot be reversed. You must sell your Crypto assets to receive your money back, and PayPal won’t cover any money lost due to price fluctuations.