Enables buying, selling, and holding of various cryptocurrencies with security features. Can convert cryptos into USD for payment at global stores.
PayPal is a platform that allows users to buy, sell, and hold cryptocurrency. The app supports various cryptocurrencies such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the newly introduced PayPal stablecoin, PayPal USD (PYUSD). Users can start buying crypto with as little as $1 using the funds available in their PayPal balance. PayPal works to prevent unauthorized transfers of cryptocurrency and offers reimbursement of up to $50,000 in the event of an unauthorized transfer. Users can learn about crypto basics through the app's articles and have the ability to transfer their crypto into their PayPal Balance account or send it to a friend. The platform also introduces the PayPal stablecoin, PYUSD, which is backed by secure and highly liquid assets. Users can buy, sell, hold, and transfer PYUSD in the app or on the site. Additionally, users can use their cryptocurrency as a payment method at eligible online stores worldwide. PayPal converts the crypto amount into USD or the seller's currency at no additional fee. The app provides answers to frequently asked questions about crypto and offers other financial management services such as savings, direct deposit, and bill payment.