I want BTC in PayPal

[Eisei Kuwabara]

Hi, how to exchange PayPal USD with BTC. I mean in PayPal I want to keep also BTC but USD as Primary Currency and BTC under that. Can it be useful to keep BTC in PayPal?

[phaz0rz]

No, it's not useful at all to keep BTC in Paypal because they won't let you do anything with it. All you can do it sell it back to Paypal at some point. You can't have it listed as a currency in your account because Paypal is treating it only as a tradable asset. You can't send it or spend it.

[bugmyday]

right now price is sky high so it quite risky to put amount and further they dont allow you to send btc so i hardly see any point to do it unless you are experienced trader and want to use it a trading

[Eisei Kuwabara]

I want only to keep like other cryptocurrencies wallet and I'm thinking to transfer them in USD after that when I'm needed according to BTC price. I know it's too high nowadays but I'm thinking so to do in the future and know that this btc can't be sent to any wallet but only want to convert them in USD if they will provide any profit because I saw my friend months ago doing like this so asked to confirm.

[Eisei Kuwabara]

Originally Posted by phaz0rz

All you can do is sell it back to Paypal at some point.

My point was that. How to do this?

[phaz0rz]

Originally Posted by Eisei Kuwabara

My point was that. How to do this?

You might as well use a fully functional crypto exchange like Coinbase or Gemini if you're just wanting to invest in BTC and later sell it for a profit. Better pricing and easier to work with.

I can't comment on buying BTC in Paypal because it's a brand new feature that I've never used.

EDIT: Cash app also allows you to buy BTC and later sell it back to them.

[Eisei Kuwabara]

Thanks for useful information