PayPal says you can finally move your crypto to another wallet
The new feature gives users more options for handling the cryptocurrency they hold in their PayPal wallets.
Earlier this week, PayPal announced a new cryptocurrency feature that users have been asking about for a while. The platform will now allow its users to transfer cryptocurrency from their accounts to other wallets and exchanges.
PayPal revealed this new feature in a press release on its website yesterday. It’s currently available to select users in the United States and is rolling out to all U.S. users, except for Hawaii, over the course of the next week.
The new feature gives users more options for handling the cryptocurrency they hold in their PayPal wallets. You will now be able to transfer Bitcoin, Ethereum, Bitcoin Cash, or Litecoin into or out of PayPal wallets.
In addition to external transfers, users can also transfer their cryptocurrency assets to other users’ PayPal addresses.
And what’s even better, you can transfer within PayPal with no fees or network charges. External transfers will be subject to fees depending on the blockchain and the varying crypto assets.
“This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” reads the company’s release. The platform has been operating in cryptocurrency for more than a year and a half now.
This should be a great new feature for PayPal users who trade in crypto. PayPal is seemingly all-in on cryptocurrency and now its users can do even more with the crypto they have stored on the platform.
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