Can I convert BTC to PayPal in USD instantly? How to sell Bitcoins for PayPal money? These are the most frequently asked questions over the internet. If we get close to the ground level, we find PayPal is one of the most popular applications that is used by more than 286 million users. On the other hand, Bitcoin's popularity is also on the rise at a stunning level. Hence, it is quite normal to wonder whether you can send Cryptocurrency to the PayPal app or convert crypto in USD.
If you are fond of crypto and also use a PayPal payment app, it is time to find out the facts. If you are not in a hurry, you can take a minute to read this helping post. Before we discuss the process to convert BTC to Paypal money, it is very useful to know the relationships between PayPal and Bitcoin.
Does Paypal take Bitcoin?
There has been a lot of rumor that PayPal accepts Bitcoin as a payment method in some parts of the world. But, the fact of the matter is that as of now PayPal doesn't accept BTC or Ethereum or any other Cryptocurrency. However, as per the reports, PayPal's management is in the process to allow the business account holder to accept BTC as a payment method in the near future.
Of course, you can withdraw Bitcoin in the form of USD or in any other form of currency to your PayPal account. But, here is a catch and the catch is that you will have to take assistance from any other application. Yes, it means within PayPal you can't convert BTC to money.
A piece of good news is that there are many reliable options available that you can use. Find more information in the next section about exchanging BTC with USD, CAD, GBP, Euros, or in any other currency.
How to exchange Bitcoin for USD Paypal?
As you are reading this post, the chances are high that you might know about the Coinbase which is one of the most popular Bitcoin exchange platforms. With the help of Coinbase, not only can you sell BTC but also buy and store. That’s not all, in addition to the benefits of Coinbase, you also can convert BTC to USD and withdraw the funds to your PayPal wallet.
You will be amazed to know that there are a few more mobile applications and websites available that you can use. Paxful & LocalBitcoin are two more alternatives to Coinbase that you can try hassle-freely. As the Coinbase is more popular and reliable, we are showing you the initial & basic steps to follow:
Login to Coinbase account or create a brand new account
Make sure you are a verified user of Coinbase. If you are not, take a minute to share your government-approved photo Id proof to clear the verification.
Now go to the setting tab available at the home screen.
Select here the account tab.
Now link your PayPal account to Coinbase.
Follow the simple step by step instructions.
Upon the successful linking, now go to Bitcoin balance.
Select the Buy/Sell tab and further choose PayPal as a "deposit to" option.
Right here you also can find the duration, fee, and other transaction details.
If everything looks good to you proceed and complete the transaction.
Upon a successful transaction, the fund will be deposited into your PayPal account.
Can I buy Crypto with Paypal?
Yes, you can buy BTC or any other Cryptocurrencies using PayPal. But, again for that, you will need to take help from a third-party application. You can use Coinbase if you have Coinbase's exclusive debit card. Then the next step will be to add the card to your PayPal account. Go to the add card option available on the home screen of PayPal and follow the simple steps.
That's the end of today's lesson: Bitcoin to Paypal- How to transfer & sell BTC for PayPal. We are sure you will find the given information quite helpful and effective. We briefly discussed how you can convert BTC to USD instantly and withdraw money to your PayPal account. For more information or to find a solution to any problem, ask a question in the comment section or contact us directly.