Using paypal for p2p

warkhan
New Community Member

Hello!
Does I allowed sell cryptocurrency on exchanges via p2p like binance or paxful and receive money from this sell on my paypal account?

Cause in rules i was read this:

We support crypto transfers between Personal PayPal accounts. PayPal supports the buying, selling, holding, and transfer of cryptocurrency into and out of PayPal.
Thx!

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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@warkhan 

 

Cause in rules i was read this:

We support crypto transfers between Personal PayPal accounts. PayPal supports the buying, selling, holding, and transfer of cryptocurrency into and out of PayPal.

 

This applies to the crypto features in PayPal accounts in countries where PayPal crypto services are available (US/UK).

 

If you are opening a business that deals in crypto sales/trading such as Coinbase, Paxful, Binance, you need prior approval with PayPal sales team. If you’re just an individual conducting p2p crypto transactions directly in PayPal or via crypto marketplace platforms…you may try to still get preapproval, but its not openly allowed because its high risk for disputes/chargebacks, more high risk than a cryptocurrency business because of difference in payment volume and could get your account banned.


Kudos & Solved are greatly appreciated. 🙂
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