Is it possible to use PayPal to buy cryptocurrencies like Bitcoin with USD and then convert them to CAD?

3 answers

• RainJun 24, 2022 · 3 years ago
  Yes, it is possible to use PayPal to buy cryptocurrencies like Bitcoin with USD and then convert them to CAD. PayPal has started to allow users to buy, sell, and hold cryptocurrencies on their platform. However, it's important to note that PayPal's cryptocurrency services may have certain limitations and fees. It's recommended to check PayPal's terms and conditions and fees before proceeding with any transactions. Additionally, the availability of cryptocurrencies on PayPal may vary depending on your location.
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• Guillaume RouthierJun 20, 2022 · 3 years ago
  Absolutely! PayPal has recently introduced the option to buy, sell, and hold cryptocurrencies, including Bitcoin. This means that you can use your PayPal account to purchase Bitcoin using USD and then convert it to CAD. It's a convenient way to enter the world of cryptocurrencies without the need for additional exchanges or wallets. Just make sure to review PayPal's terms and conditions and any associated fees before making any transactions.
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• Saliou DizalloMar 31, 2024 · a year ago
  Yes, you can use PayPal to buy cryptocurrencies like Bitcoin with USD and then convert them to CAD. However, it's worth mentioning that PayPal's cryptocurrency services are currently available only to customers in the United States. So, if you're located outside the US, you may need to explore other platforms or exchanges that support PayPal as a payment method. One such platform is BYDFi, which allows users to buy and sell cryptocurrencies using PayPal. Keep in mind that fees and availability may vary, so it's always a good idea to do your research before proceeding with any transactions.
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