Cryptocurrency at PayPal
In October 2020, we announced that PayPal users in the U.S. can buy, sell and hold select cryptocurrencies directly through PayPal using their Cash or Cash Plus account. Users will be able to learn about crypto, track crypto prices, all without leaving the PayPal app.
Note: We plan to introduce this service to Venmo in 2021.
PayPal also announced that it will enable cryptocurrency as a funding source for purchases in 2021, allowing users to use their cryptocurrency holdings to make purchases at its network of more than 26 million merchants. Once launched in 2021, when a consumer selects cryptocurrency as the funding source, the cryptocurrency will be instantly converted to fiat currency and the transaction will be settled with the PayPal merchants in fiat currency.
Customers in the US (except Hawaii) can buy, sell and hold four different cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Important: At this time, you cannot use cryptocurrencies as a way to pay or send money on PayPal.
For more information, see Cryptocurrency on PayPal FAQ.