How To Send Bitcoin From PayPal To External Wallet | Send In 5 Easy Steps!

Since 7 June 2022, PayPal has supported the transfer of crypto assets between its native app and external wallets, including custodial exchanges. The function, available to customers only in the United States (Hawaii excluded), was the most-requested feature since the fintech company rolled out its cryptocurrency services in November 2020, according to a press release.

How To Send Bitcoin From PayPal To External Wallet: PayPal has provided its users with the ability to buy, sell, and hold their cryptocurrencies since 2020. It has now decided to add new functionality for its users. It will allow users to move their crypto from PayPal to other wallets and exchanges within just a few minutes. Customers need to pay some network fee and can send their crypto to external wallets hassle-free. Isn’t it great that this feature has finally been added after a lot of demand from users! Well, the feature is initially available for select US customers and will be added for others very soon. 

Are you looking for how to send Bitcoin from PayPal to External Wallet? You can do so within a few minutes. Just Log in to your PayPal account > Enter the crypto section > Select the Bitcoin crypto from the list of cryptocurrencies > Hit the transfer button > Send > Complete the verification steps > Enter the External wallet address > Confirm the transaction. These are the simple steps that you need to follow for learning how to send Bitcoin from PayPal to External Wallet. We will discuss them in more detail later.

In this post, we will be discussing how to send Bitcoin from PayPal to External Wallet. We will discuss the latest feature that is added by PayPal in response to the huge demand by users. With this feature, users can send cryptocurrency to external wallets or exchanges. So, let us begin the post and start discussing how to send Bitcoin from PayPal to External Wallet. 

How to transfer crypto from PayPal

Keeping user-friendliness in mind, PayPal makes it fairly straightforward to send crypto from PayPal:

  • Once logged into PayPal, enter the crypto section of the app
  • Choose the coin you intend to transfer 
  • Tap the transfers button and select “Send” to transfer crypto to another unique crypto address.
  • Complete ID verification (only necessary on first using the service)
  • Enter the external crypto address you want to transfer to, either by copy/pasting or using the QR code function
  • TRIPLE check the information
  • Confirm the external transfer

How to receive crypto on PayPal (from external sender)

  • Once logged into PayPal, enter the crypto section of the app 
  • Choose the coin you intend to receive 
  • Click or tap the Transfers button (blue icon with two arrows) then select “Receive.” 
  • Complete ID verification (only necessary on first using the service)

You will be given a unique crypto address (the long string of letters and numbers of the screen). Share this with the sender, or if you are sending crypto from an external app yourself, copy/paste this address into the external app.

Screenshot showing process of receiving crypto on PayPal – Source: newsroom.paypal-corp.com
PayPal also supplies up-to-date pricing information – Source: newsroom.paypal-corp.com

Beware that all crypto transfers are final and cannot be reversed. It is of paramount importance that you carefully check address information before finalising all payments.

How to send and receive crypto between PayPal users

It could not be easier. Simply go to the crypto section of the PayPal app, choose the coin you want to send, click “Send” and select your desired contact. Done!

FAQs

Can you transfer crypto from PayPal?

Since 7 June 2022, PayPal users in the United States (except Hawaii) can transfer bitcoin, ether, Bitcoin Cash and Litecoin from PayPal to external wallets and other PayPal users. PayPal has yet to announce the roll out of the function in other countries.

What crypto can you buy on PayPal?

US users outside of Hawaii can buy bitcoin, ether, Bitcoin Cash and Litecoin on PayPal.

How much does paypal charge?

PayPal does not place charges on cryptocurrency transfers, though blockchain gas fees do apply. Buying crypto in-app is subject to fees. In the UK, crypto fees start as high as 50p for purchases under £25, or 2.3% for purchases under £100. Fees drop to 1.5% for purchases over £1,000. In the US, fees start at $0.49 for purchases under $5, or $0.99 for purchases under $25. A flat rate of 1.8% is applied to purchases between $200 and $1,000. Any higher purchases are subject to a flat rate of 1.5%.

How to send crypto to paypal?

Be sure to check out our guide for a comprehensive rundown on how to send crypto to and from PayPal.

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