Question regarding US paypal

[kaushikmedia]

Hey guys,

If I make a new stealth US paypal or buy one. How long does it take to get crypto purchase enabled with paypal balance or credit card. And does it have to be fully kyced with ssn and everything?


Or its account specific and we can buy from day one?
Thanks

[rsot]

Originally Posted by agent006140

You can go to Paypal website and find out from the horse's mouth

agent, I seem to recall you being told not to do this kind of "referral" statement - not in the nature of the forum.

[agent006140]

thanks,I did not know this is a bad .
BTW,Paypal just updated its policy related to business account.

[kaushikmedia]

Anyone can share some info about this?

[rsot]

I have not done the crypto purchase with pp balance so perhaps wait for other members to comment. US stealth paypals are tricky - for withdrawing to bank, you can makedo without full kyc but for purchasing...ssn, etc I am quite are needed

[agent006140]

US govnment wants to tax Bitcoin like stocks and bonds,so IRS would be involved,so it is possible you would have to give Paypal your SSN

[rsot]

Originally Posted by agent006140

US govnment wants to tax Bitcoin like stocks and bonds,so IRS would be involved,so it is possible you would have to give Paypal your SSN

Not just possible - seem like a fact, SSN needed.

[kaushikmedia]

Originally Posted by agent006140

US govnment wants to tax Bitcoin like stocks and bonds,so IRS would be involved,so it is possible you would have to give Paypal your SSN

Any other country paypal we can make to buy crypto within paypal?


Basically i'm using some stealth accounts to receive payments from business. I don't want to keep more than $1k each account for long time ( Like 3-4 weeks). because we never know when they can ask for documents or limit it.

So i am looking for a easy way to move funds out of paypal.