Is it possible to withdraw money from PayPal and directly purchase digital currencies?

3 answers

• Dec 15, 2021 · 3 years ago
  Yes, it is possible to withdraw money from PayPal and directly purchase digital currencies. PayPal has started to allow users to buy, sell, and hold cryptocurrencies directly within their PayPal accounts. This means that you can skip the step of transferring the money to your bank account first and use it to buy digital currencies directly. However, it's important to note that PayPal currently supports a limited number of cryptocurrencies, so make sure to check if the specific cryptocurrency you want to purchase is available on PayPal.
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• Dec 15, 2021 · 3 years ago
  Absolutely! You can withdraw money from PayPal and use it to buy digital currencies without having to transfer it to your bank account first. PayPal has recently introduced the feature to buy, sell, and hold cryptocurrencies directly within their platform. This makes it convenient for PayPal users to invest in digital currencies without the need for additional steps. Just make sure to check the supported cryptocurrencies on PayPal and choose the one you want to purchase.
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• Dec 15, 2021 · 3 years ago
  Yes, it is possible to withdraw money from PayPal and directly purchase digital currencies. In fact, BYDFi, a popular cryptocurrency exchange, allows users to link their PayPal accounts and use the funds to buy digital currencies directly. This eliminates the need to transfer money to a bank account first. However, it's important to note that not all cryptocurrency exchanges support PayPal as a funding method, so make sure to check if the exchange you're using supports it.
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