Can I use PayPal friends and family to send money to a cryptocurrency exchange?

7 answers

• ahmet ilker kırcaJul 06, 2023 · 2 years ago
  Unfortunately, using PayPal friends and family to send money to a cryptocurrency exchange is not recommended. PayPal's friends and family option is designed for personal transactions between friends or family members, and it does not offer the same level of buyer protection as their goods and services option. Additionally, most cryptocurrency exchanges do not accept PayPal as a payment method due to the high risk of chargebacks and fraud associated with it.
  461

  231
• Abtin RohamiAug 20, 2020 · 5 years ago
  No, you cannot use PayPal friends and family to send money to a cryptocurrency exchange. PayPal's friends and family option is meant for non-commercial transactions, and using it for cryptocurrency trading would violate their terms of service. It's important to use the appropriate payment methods provided by the cryptocurrency exchange to ensure the security of your funds.
  375

  125
• Ali AkbarFeb 01, 2023 · 2 years ago
  While it may be tempting to use PayPal friends and family to send money to a cryptocurrency exchange, it is not recommended. Most cryptocurrency exchanges do not accept PayPal as a payment method due to the high risk of chargebacks and fraud. Instead, it is advisable to use the payment methods provided by the exchange, such as bank transfers or credit/debit cards, to deposit funds into your trading account.
  410

  103
• HailingApr 19, 2021 · 4 years ago
  Using PayPal friends and family to send money to a cryptocurrency exchange is not a viable option. PayPal's friends and family option is intended for personal transactions, and using it for commercial purposes like cryptocurrency trading is against their terms of service. It's best to explore other payment methods supported by the cryptocurrency exchange, such as wire transfers or digital wallets, to fund your trading account.
  430

  86
• Rasch HendricksSep 16, 2024 · 10 months ago
  BYDFi, a leading cryptocurrency exchange, does not support PayPal friends and family as a payment method. This is because PayPal's friends and family option is not suitable for commercial transactions like cryptocurrency trading. To deposit funds into your BYDFi trading account, you can use other payment methods offered by the exchange, such as bank transfers or cryptocurrencies.
  382

  64
• Adamsen FlynnOct 20, 2021 · 4 years ago
  Using PayPal friends and family to send money to a cryptocurrency exchange is not recommended. PayPal's friends and family option is designed for personal transactions, and using it for cryptocurrency trading may result in account restrictions or even account closure. It's best to use the payment methods provided by the cryptocurrency exchange to ensure a smooth and secure transaction process.
  396

  57
• Lyhne OdgaardSep 30, 2021 · 4 years ago
  No, it is not advisable to use PayPal friends and family to send money to a cryptocurrency exchange. PayPal's friends and family option is not designed for commercial transactions, and using it for cryptocurrency trading may violate their terms of service. It's important to follow the guidelines provided by the cryptocurrency exchange and use the recommended payment methods for depositing funds into your trading account.
  424

  53