Can I transfer Bitcoin from PayPal to Coinbase?
Hartvigsen HackettDec 21, 2021 · 3 years ago3 answers
Is it possible to transfer Bitcoin from PayPal to Coinbase? I have some Bitcoin in my PayPal account and I want to move it to my Coinbase wallet. Can I do that directly or do I need to go through a different process?
3 answers
- Dec 21, 2021 · 3 years agoUnfortunately, you cannot directly transfer Bitcoin from PayPal to Coinbase. PayPal does not currently support Bitcoin withdrawals or transfers to external wallets. If you want to move your Bitcoin from PayPal to Coinbase, you'll need to sell your Bitcoin on PayPal and then withdraw the funds to your bank account. Once the funds are in your bank account, you can deposit them into your Coinbase account and buy Bitcoin again.
- Dec 21, 2021 · 3 years agoNo, you cannot transfer Bitcoin from PayPal to Coinbase. PayPal only allows you to buy, sell, and hold Bitcoin within their platform. If you want to transfer Bitcoin to Coinbase, you'll need to sell your Bitcoin on PayPal, withdraw the funds to your bank account, and then deposit the funds into your Coinbase account to buy Bitcoin again.
- Dec 21, 2021 · 3 years agoWhile you cannot directly transfer Bitcoin from PayPal to Coinbase, there are alternative methods you can use. One option is to sell your Bitcoin on PayPal, withdraw the funds to your bank account, and then use a peer-to-peer trading platform to buy Bitcoin from someone who is willing to transfer it to your Coinbase wallet. Keep in mind that this method may involve additional fees and risks, so make sure to do your research and choose a reputable trading platform.
Related Tags
Hot Questions
- 93
What are the advantages of using cryptocurrency for online transactions?
- 92
What is the future of blockchain technology?
- 89
What are the tax implications of using cryptocurrency?
- 76
How can I buy Bitcoin with a credit card?
- 64
Are there any special tax rules for crypto investors?
- 48
What are the best digital currencies to invest in right now?
- 46
How can I protect my digital assets from hackers?
- 25
How does cryptocurrency affect my tax return?