How to transfer bitcoin to paypal
PayPal is an online payment service that works as an intermediary between you and your bank. You can add your bank account or credit/debit cards to PayPal, then use it to make payments online or in physical stores. When you’re buying something on a website, the seller debits your PayPal account instead of your bank account, which saves you money on transaction fees.
The service has been around for decades and is used by a huge number of people and businesses, from small-time sellers to big multinationals. While many of us have heard of it, we may not understand exactly how it works or how it’s different from other services like Coinbase and others.
How to send crypto to PayPal
When you receive cryptocurrency funds on your PayPal account, they show up as a balance in your wallet, which you can then spend or transfer to your external bank accounts. Your balance is secure, and the transactions you receive can be traced on your activity page.
In addition, the service allows you to receive crypto from friends and family who do not have PayPal accounts (although they will need to create one). All you need is their email address to identify them.
In the mobile app, there’s a large button for each of the cryptos PayPal supports, and tapping it opens a new screen with more info on that particular coin including its recent market price. The button also has a Send and Receive option, but it’s important to note that sending crypto to an external wallet or exchange incurs a blockchain network fee, which is separate from any PayPal fees. how to transfer bitcoin to paypal