In June 2022, PayPal announced that users can now transfer their cryptocurrencies purchased on PayPal to other digital wallets—including their own non-PayPal Wallets. So, let's see how to send crypto with PayPal.
How to Send Crypto With PayPal
Go to your PayPal account's crypto page first. This may seem slightly different depending on whether you're using the desktop interface or the mobile app. No matter how you access the platform, the rest of the process is the same once you've located the PayPal portion of your account.
How to Find Crypto With PayPal
After logging in, on the main page of the desktop version, there is a tiny Crypto icon directly beneath the Send symbol. The Finances tab is also accessible from the toolbar at the top of the screen.
The crypto section of your account receives a sizable button at the top of the screen next to your balance if you're using the mobile app.
Each cryptocurrency that PayPal supports has its own button. Tap the button for the cryptocurrency you want to interact with to open a new screen with information on that cryptocurrency, including the recent market price and a graph of recent activity.
In the original PayPal crypto interface launched in 2021, the only buttons were Buy and Sell. The new interface has a Transfer button with arrows on it. Tap this button to open up the Send and Receive options.
The Receive button creates a QR code that is sent to PayPal's bitcoin wallet. You can enter or scan a wallet address using the Send button.
The fact that it is compatible with wallets other than PayPal is what makes this so intriguing. As a result, the network is made more accessible to consumers, who may now buy cryptocurrency using PayPal and send it to a different account.
conclusion
This action will delight some people. Some consumers will continue to boycott PayPal's cryptocurrency offerings by chanting "not your keys, not your coins." However, this is actually simply a more advanced version of the company's initial crypto strategy: an intriguing way to pique people's curiosity in new technology by utilizing the technology they already have and use.
Well, I believe now you know how to send crypto with PayPal.
