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Are there any limits on buying bitcoin with PayPal?

avatarMcKee RandolphDec 15, 2021 · 3 years ago3 answers

What are the limits on buying bitcoin with PayPal? Is there a maximum amount I can purchase? Are there any restrictions or requirements?

Are there any limits on buying bitcoin with PayPal?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    When buying bitcoin with PayPal, there are typically limits in place. The specific limits can vary depending on the platform or exchange you are using. Some platforms may have a maximum purchase amount per transaction, while others may have a daily, weekly, or monthly limit. Additionally, there may be requirements such as completing identity verification or linking a bank account to your PayPal account. It's important to check the terms and conditions of the platform you are using to understand the specific limits and requirements.
  • avatarDec 15, 2021 · 3 years ago
    Yes, there are limits when buying bitcoin with PayPal. These limits are usually set by the platform or exchange you are using. The limits can be in terms of the maximum amount you can purchase per transaction or the total amount you can buy within a certain time period. It's important to note that these limits are in place to comply with regulatory requirements and to prevent fraud or money laundering. Make sure to check the platform's FAQ or support section to find out the specific limits.
  • avatarDec 15, 2021 · 3 years ago
    When it comes to buying bitcoin with PayPal, there are indeed limits. However, the limits can vary depending on the platform or exchange you choose. For example, at BYDFi, a popular exchange, the maximum purchase amount per transaction is $10,000. This limit is in place to ensure the security and integrity of the platform. It's always a good idea to check the platform's terms and conditions or contact their customer support to get the most up-to-date information on the limits.