How do I sell my cryptocurrency with PayPal?
The following information is for educational purposes only and does not constitute an endorsement of this type of cryptocurrency. Consider seeking tax and financial advice from licensed professionals. The cryptocurrency service is currently available to PayPal Balance accounts and certain eligible US-based business account holders only.
Visit Discover Crypto for more information.
PayPal makes it straightforward for you to participate in the digital economy of cryptocurrencies. You can buy and sell in seconds and use the sales in your PayPal balance to fund transactions.
To sell cryptocurrency with PayPal on the app:
- Tap Accounts.
- Select Crypto.
- Select one of the existing crypto holdings and tap Sell.
- Confirm Tax Information (needed for first-time sale).
- Enter the amount you want to sell and tap Next.
- Tap Sell Now.
When I go to sell my crypto, why am I being asked to update my tax information?
To sell crypto, we would need valid tax information. Ensure that your tax information is accurate.
Where does the money go when I sell my cryptocurrency?
Proceeds from the sale of cryptocurrencies will be deposited in USD in your PayPal balance. The funds can then be used to make purchases and transferred or deposited into any PayPal-linked debit card or bank account.
How long does it take to receive money from selling cryptocurrency?
The money you receive from selling crypto will be available in your PayPal balance within seconds. As with all transactions, crypto sales are subject to review and could be delayed or stopped if there’s an issue.