Using PayPal as a payment method within your external crypto wallet
To buy or sell crypto from your external crypto wallet with PayPal:
- Log into the crypto-offering mobile app.
- Tap Buy or Sell, then select ‘PayPal.’
- Enter the USD amount worth of crypto you want to buy or sell. You’ll be redirected to PayPal to log in.
What is a supported external crypto wallet?
It’s a non-PayPal crypto wallet that allows you to buy, sell, or transfer crypto using PayPal.
What external crypto wallets are currently available?
We are rolling out new offerings of supported external crypto wallets to eligible US customers in the coming months.
Currently available supported external crypto wallets:
- MetaMask
- Magic
- Phantom
- Ledger
- TastyCrypto
- Exodus
In the coming months, more external crypto wallets will be supported for eligible US customers.
What are the PayPal fees for buying crypto in an external crypto wallet with PayPal?
When you buy crypto, you’ll also buy the crypto required to cover the network fee, payable in the cryptocurrency you transfer. The cryptocurrency amount to be transferred to an external wallet plus the crypto amount to cover the cryptocurrency network fee is the “combined cryptocurrency purchase amount.”
For cryptocurrency other than PYUSD, you will pay (1) the transaction fee listed in the “Buying or selling a cryptocurrency” section above on the U.S. dollar value of the combined cryptocurrency purchase amount and (2) 1% only on the U.S. dollar value of the cryptocurrency that you transfer to your external wallet.
For PYUSD, you will pay 1.5% on the U.S. dollar value of the PYUSD that you transfer to your external wallet. You will not pay a transaction fee on the combined cryptocurrency purchase amount.
Learn about the exchange rate and cryptocurrency fees.
What cryptocurrencies can I send to supported external crypto wallets?
You can send BTC, ETH, BTH, and LTC to external crypto wallets. PYUSD is available on MetaMask, with more external crypto wallets being supported for eligible US customers in the coming weeks.
What are the PayPal buying limits in an external crypto wallet?
We have a $25,000 USD/week sending limit and a $100,000 USD/week buying limit. The limit for using PayPal to buy and transfer crypto in one step to an external crypto wallet is the lower of these 2 limits.
What funding sources am I able to use?
Customers can use their PayPal balance, bank, and debit card to buy crypto. Customers will not be able to use a credit card or their PayPal Credit.
Can I use crypto in my PayPal Hub to buy crypto in an external wallet?
You can send crypto from your PayPal Crypto Hub to an external crypto wallet and buy and send crypto to the external crypto wallet. But customers aren't able to use the combination of both methods in a single transaction.
Will the crypto bought or sold be held, or is it instant?
As with all transactions, your ability to buy, sell, or transfer crypto assets may be delayed or unavailable if there is an issue.