#Paypal bitcoin for free#

The capability still applies only to bitcoin, ethereum, bitcoin cash and litecoin.

Sending cryptocurrency outside of PayPal carries a fee, which may fluctuate depending on network congestion.

#Paypal bitcoin for free#

Now users will be able to move their cryptocurrency from PayPal to other crypto addresses, including hardware wallets - and send crypto to family and friends for free within the same payments network. This feature was one of the most requested updates since the purchase of cryptocurrencies were allowed, PayPal said, and executives had been discussing its implementation for a year. But they had no option to move out their holdings from the platform to crypto wallets such as MetaMask and Electrum, or exchanges such as Coinbase. The San Jose, California-based company first began allowing customers to buy, hold and sell bitcoin, ether, bitcoin cash and litecoin in October 2020. PayPal users can now transfer cryptocurrencies including bitcoin and ether to third-party wallets and exchanges, nearly two years after the payments giant opened up its platform to digital assets, the company announced on Tuesday.Ĭurrently available to select US users, the feature will be extended to eligible US customers in the coming weeks, according to the announcement. Sending crypto outside of PayPal carries a fee determined by network congestion.Select US users can transfer bitcoin, ethereum, bitcoin cash and litecoin to other wallets and exchanges.