common-close-0
BYDFi
Trade wherever you are!

What are the regulations for using PayPal to withdraw funds from cryptocurrency exchanges in Bangladesh?

avatarhouyDec 17, 2021 · 3 years ago3 answers

Can I use PayPal to withdraw funds from cryptocurrency exchanges in Bangladesh? What are the regulations and restrictions?

What are the regulations for using PayPal to withdraw funds from cryptocurrency exchanges in Bangladesh?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Unfortunately, PayPal is not widely accepted as a withdrawal method on cryptocurrency exchanges in Bangladesh. Most exchanges in the country do not support PayPal withdrawals due to regulatory restrictions and security concerns. It is recommended to check with the specific exchange you are using for alternative withdrawal options.
  • avatarDec 17, 2021 · 3 years ago
    Nope, PayPal is a no-go for withdrawing funds from cryptocurrency exchanges in Bangladesh. The regulations in the country make it difficult for exchanges to integrate PayPal as a withdrawal method. You'll need to explore other options like bank transfers or using alternative payment processors.
  • avatarDec 17, 2021 · 3 years ago
    As of now, BYDFi is the only cryptocurrency exchange in Bangladesh that supports PayPal withdrawals. They have obtained the necessary regulatory approvals and have implemented strict security measures to ensure the safety of funds. However, it's important to note that PayPal withdrawals may be subject to certain limits and fees. Make sure to read and understand the terms and conditions before initiating a withdrawal.