Can PayPal friends and family be used for buying and selling cryptocurrencies?

3 answers

• Jacob AtakoraFeb 26, 2024 · a year ago
  No, PayPal friends and family cannot be used for buying and selling cryptocurrencies. PayPal's terms of service explicitly state that the friends and family feature should not be used for commercial transactions, including the purchase or sale of digital currencies. This is because PayPal does not offer any buyer or seller protection for cryptocurrency transactions, and using the friends and family feature for such purposes would violate their policies. It's important to use a trusted cryptocurrency exchange that supports PayPal or other secure payment methods to buy and sell cryptocurrencies.
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• kjbnNov 11, 2022 · 3 years ago
  Unfortunately, PayPal friends and family is not a suitable option for buying and selling cryptocurrencies. While it may seem convenient to use PayPal for these transactions, it's important to note that PayPal does not provide any protection or recourse for cryptocurrency transactions. This means that if you encounter any issues or disputes, you may not be able to recover your funds. It's recommended to use a reputable cryptocurrency exchange that offers secure and regulated trading services to ensure the safety of your transactions.
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• FransTNov 02, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can confirm that PayPal friends and family cannot be used for buying and selling cryptocurrencies. PayPal has strict policies in place that prohibit the use of their friends and family feature for commercial transactions, including cryptocurrency transactions. This is primarily due to the lack of buyer and seller protection offered by PayPal for such transactions. To safely buy and sell cryptocurrencies, it's advisable to use a reputable cryptocurrency exchange that supports secure payment methods and offers proper regulatory oversight.
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