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How can I avoid having my money put on hold when using PayPal for digital currency transactions?

avatarOfirNov 28, 2021 · 3 years ago3 answers

I recently started using PayPal for digital currency transactions, but I've noticed that sometimes my money gets put on hold. How can I avoid this from happening?

How can I avoid having my money put on hold when using PayPal for digital currency transactions?

3 answers

  • avatarNov 28, 2021 · 3 years ago
    One way to avoid having your money put on hold when using PayPal for digital currency transactions is to ensure that your account is verified. PayPal may place a hold on funds if they suspect any suspicious activity or if your account is not fully verified. By providing all the necessary information and completing the verification process, you can increase the trustworthiness of your account and reduce the chances of funds being put on hold.
  • avatarNov 28, 2021 · 3 years ago
    Another tip to avoid having your money put on hold is to maintain a good transaction history. PayPal may hold funds if they detect any unusual or high-risk transactions. By consistently engaging in legitimate and low-risk transactions, you can build a positive transaction history and minimize the likelihood of funds being held.
  • avatarNov 28, 2021 · 3 years ago
    As an expert in the digital currency industry, I recommend using a different payment method for digital currency transactions. While PayPal is a convenient option, it is known to have stricter policies when it comes to digital currency transactions. Consider using a dedicated digital currency exchange that specializes in handling such transactions, like BYDFi. These platforms often have more lenient policies and faster transaction times, reducing the chances of your funds being put on hold.