From PayPal website:
Transferring crypto into PayPal from an external wallet or exchange
- Once logged into PayPal, enter the crypto section of your application and choose the coin you want to transfer.
- Click or tap the transfers button, which looks like:
, then select “Receive.” - Complete any additional ID verification steps. This process is generally only required once per user.
- Share the unique address with the sender or input it into the third-party crypto app you are sending from. We recommend you use the QR code or cut and paste the address directly to avoid mistakes. If you are entering the address manually, please double-check that it is correct. Neither PayPal nor your sender will be able to recover coins sent to a mistyped address.
The wallet address is created only for the coin you selected, not your PayPal account. To help protect your privacy, we generate a new “Receive” address each time you want to send crypto to your account. PayPal does not charge fees to transfer crypto into PayPal, but network and sender fees may apply. Processing times vary.
Bitcoin transfers are never immediate as they require a certain amount of confirmations on the blockchain. (usually 2) Individual financial institutions or exchanges may require more confirmations on the block chain before the cash appears. Confirmations are generated by the blockchain. (individual miners and mining pools that employ the Bitcoin If there is a lot of activity, this can take well over an hour for just 2 confirmations. (usually about 30 to 45 minutes) The more confirmations required, the longer it takes. This is totally beyond PayPals control and is 100% controlled by the blockchain.
