Cryptocurrency is a hot investment and many people are looking to transfer bitcoin to paypal. It’s important to know how this works before investing. This article will guide you through the process step by step.

To get started, log into your PayPal account and navigate to the crypto portion of the platform. This can be found on the desktop version of the site or within the mobile app. Once you’ve landed on this page, you’ll see each cryptocurrency that PayPal supports with a button next to it. Tap this button and you’ll be presented with an exchange rate and graph of the cryptocurrency’s recent performance. You can then buy crypto using your PayPal balance or a linked debit card.

Once purchased, your crypto will show up in the wallet section of the platform and will be available to send out to others via your crypto address. When sending a crypto, it’s best to double check that the recipient is receiving the correct coin and network (for example: an Ethereum address sent to a Tron account will not work). Also, remember that PayPal purchases of cryptocurrency are not guaranteed and may be subject to price fluctuations.

Additionally, on Tuesday, PayPal announced that it would allow users to move their bitcoin and other crypto into and out of the platform, as well as use their crypto balances at checkout with select retailers through the “Checkout with Crypto” option. This feature is currently being tested with some select US PayPal users and will roll out to all U.S. customers in the coming weeks. how to transfer bitcoin to paypal