Bank Accounts and Bitcoin
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Hello,
I recently purchased bitcoin. I went in today to make another purchase but PayPal does not acknowledge I have a bank on the system. I removed and re-added my bank but PayPal still will not let purchase bitcoin. The only options I get are "link a new debit card" and "link a new bank account". My bank accounts are already linked.
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Often you will have to keep trying to conduct the purchase by resubmitting it until you have the option to fund with the bank account, provided there are funds in the bank account. Note that you can link more than one bank at a time. Also note that there are buying limits that you will only find out about when you go to make purchase. I have been prevented from buying with these messages: "this purchase will exceed your $20k weekly limit" and "this purchase will exceed your $50k annual buying limit." Have yet to find these limits discussed in any paypal agreement or Q&A.
Paypal could have made this a good platform for speculating on crypto price movement but their limits and delays in returning selling funds are forcing me to move all my crypto funds to Robinhood.com. Very friendly trading platform and have yet to see a limit on buying.
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