Does PayPal use bitcoin?

Paypal
1 min readMay 17, 2024

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You can also contact them through their (+𝟏 321–252–7633 ) Yes, PayPal does allow users to buy, sell, and hold cryptocurrencies, including Bitcoin, through its platform. In October 2020, PayPal announced its support for cryptocurrencies, enabling its users in the United States to buy, hold, and sell Bitcoin, Ethereum, Bitcoin Cash, and Litecoin directly within their PayPal accounts.

Users can use their PayPal balance to purchase cryptocurrencies, and they can also use cryptocurrencies to pay for goods and services at merchants that accept PayPal. However, it’s important to note that while PayPal allows users to buy, sell, and hold cryptocurrencies, users cannot withdraw their cryptocurrencies to external wallets. They can only buy, hold, and sell cryptocurrencies within their PayPal accounts.

This move by PayPal represented a significant endorsement of cryptocurrencies and helped increase their mainstream adoption by making them more accessible to PayPal’s vast user base.

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