On the blockchain to accept the incoming crypto. When crypto is sent to you, PayPal needs several confirmations Transfer that is never confirmed by the network will show as failed. If you are trying to send crypto, PayPal will not treat a transfer ofĬrypto Assets as complete until the transfer is confirmed by the network. PayPal does not own or control cryptocurrency Reasons, including issues with the cryptocurrency network, system downtime, or Any crypto transferred to another PayPalĪccount that hasn’t been claimed by the recipient after 30 days isĪpply to any transactions in your crypto hub, including purchases, sales, or Wrong PayPal account, please contact the recipient, and ask them to return it. Look up additional details in any compatible blockchain explorer. That is displayed within the activity details. This total maximum applies if you send internal transfers (to other PayPal accounts) or external transfers, or a combination of internal and external transfers.Ĭompletion, blockchain-based transfers will have a transaction hash (txHash) In the US, the maximum amount for weekly cryptocurrency transfers is $10,000 per week. Visit our fees page for more information.īlockchain usually take around 2 hours to be completed, but this time mayįluctuate depending on the type of crypto chosen and network congestion.Ĭrypto to another PayPal Balance account, if your recipient isn’t set up to getĬrypto in their PayPal Balance account, they’ll have 30 days to get set up and Will pay for network fees when you send your crypto and add it to the amount ofĬryptocurrency you want to send. Outside of PayPal will incur a network fee, also known as the blockchain networkįee. You don’t know the owner of the address, there are no actions you can take to Please contact the recipient, and ask for their cooperation in returning it. If you sent cryptocurrency to the wrong external crypto address, (for example, BTC versus BCH) will be lost.Ĭryptocurrency protocols, transactions can't be canceled or reversed once Once enabled,Īll you need is an external crypto address to transfer cryptocurrency out ofīe sure that you enter an address for theĮxact cryptocurrency you want to send. Need to go through an additional level of account verification. Crypto sent to the wrong address type (for example, BitcoinĬash sent to a Bitcoin address) will be lost. Remember that this address will only work for theĬryptocurrency you chose. (A new address isĪutomatically generated for every transfer.) In the crypto hub in your PayPal account.Ĭryptocurrency type, for example, Bitcoin, to generate a crypto address.Ĭrypto address to send crypto from an external crypto wallet. You can find our Terms and Conditions and Acceptable Use Policy by clicking Legal at the bottom of any PayPal page. Transfer cryptocurrencies between eligible PayPal and other wallets and exchanges. Through checkout with Crypto you can sell Crypto and use the proceeds to pay for purchases through your PayPal account.With PayPal you can:įrom eligible confirmed personal PayPal accounts in the U.S. Visit Discover Crypto for more information. Here are some factors that may help to explain why crypto is volatile. That means you can lose money just as easily as you can make it. Consider seeking tax and financial advice from licensed professionals.Ĭrypto is considered volatile because of how much and how quickly its value can change unexpectedly. If you see inaccuracies in our content, please report the mistake via this form.The following information is for educational purposes only and does not constitute an endorsement of this type of Cryptocurrency. If we have made an error or published misleading information, we will correct or clarify the article. Our editors thoroughly review and fact-check every article to ensure that our content meets the highest standards. Our goal is to deliver the most accurate information and the most knowledgeable advice possible in order to help you make smarter buying decisions on tech gear and a wide array of products and services. ZDNET's editorial team writes on behalf of you, our reader. Indeed, we follow strict guidelines that ensure our editorial content is never influenced by advertisers. Neither ZDNET nor the author are compensated for these independent reviews.
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