Does PayPal Have a lot of Bitcoin?

We announced that PayPal users in the U.S. can buy, sell and hold select Cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about Crypto, track crypto prices, all without leaving the PayPal app. We plan to introduce this service to Venmo in 2021. PayPal also announced that it will enable Cryptocurrency as a funding source for purchases in 2021, allowing users to use their Cryptocurrency holdings to make purchases at its network of more than 26 million merchants. Once launched in 2021, when a consumer selects Cryptocurrency as the funding source, the Cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.

What is Cryptocurrency?

Cryptocurrency is a digital or virtual currency that is created by Cryptography. It is not physical and not issued by a central authority. It utilizes a decentralized network and works through a distributed ledger technology, known as a Blockchain.

To exchange XMR, visit: bitcoin to euro

What Cryptocurrencies does PayPal support?

Customers in the US (except HI) can buy, sell and hold four different Cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Will this be available globally? When are you planning on launching internationally?

At this time, buying and selling Crypto with PayPal is available in the U.S. (excluding Hawaii) and U.S. territories, and all trades must be executed in USD. We plan to expand this service to select global markets in the first half of 2021.

What is the difference between Cryptocurrencies?

• Bitcoin: invented in 2009 by Satoshi Nakamoto, it is the largest Cryptocurrency by value.
• Ethereum: also known as Ether, it is the 2nd largest Cryptocurrency by value. It is a decentralized Blockchain featuring smart contract functionality.
• Bitcoin Cash: created in 2017, the group behind Bitcoin Cash say transaction times are faster than the original Bitcoin.
• Litecoin: designed to be a future payment method and can be mined more quickly than Bitcoin - producing one new coin every 2.5 minutes (whereas Bitcoin produces one every 10 minutes).

Do I need to sign up for anything?

If you have a PayPal Cash account, all you need to do is confirm some account information during your first purchase. If you do not have a PayPal Cash account, you can apply for one during your first purchase.

Are there any fees?

There are no transaction fees when buying or selling Crypto with PayPal until 2021, and there are no fees for holding Crypto in your account.

If you use a linked bank account or debit card as a funding source to buy Crypto Assets, your bank may charge you its own fees, including overdraft fees or insufficient fund fees, if applicable. PayPal is not responsible for any fees that may be charged to you by your bank. More information on pricing and fees can be found on the PayPal Fees page, the PayPal Cash Long Form Disclosure and the PayPal Cash Plus Long Form Disclosure.

Are there any fees?

PayPal's Crypto fees are from the spread (or margin) between the market price we receive from our trading service provider (Paxos) and the exchange rate between US dollars and the Crypto asset displayed to the user, and a transaction fee when buying or selling Crypto assets. At the time you buy or sell Crypto assets, we will disclose to you the applicable exchange rate and the amount of fees that you will be charged for that transaction.

The exchange rate may include an estimated spread of one-half of one percent (0.50%), provided, however, that the actual spread may be higher or lower based on market conditions. We will not separately calculate or disclose the spread we earn on each transaction. By using PayPal's Crypto services, you agree to pay all applicable exchange rates (including spread) and fees.