Is PayPal really crypto friendly? – Katoch Tubes

Paypal & Crypto

Paypal & Crypto

What is Paypal?

Launched in 1998, Paypal is the oldest payment transfer platform for paying things online & sending or receiving money from anywhere

Paypal Crypto Adoption

On Oct 2020. Paypal announced to integrate crypto in its ecosystem. As of today, 350 million PayPal accounts have gained access to crypto

Supported Currencies

4. Bitcoin Cash

Is Paypal really  crypto friendly?

Users can't store crypto on its app. However, in June 2022, it has added  wallet support. Its crypto friendly but with certain conditions

PayPal's T&C:

1. Compulsory KYC 2. W-9 Taxation form 3. No Lending 4. No Staking feature 5. High transfer cost compared to exchange

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