How does PayPal's friends and family feature work when buying or selling cryptocurrencies?

3 answers

• Grant ErikssonNov 12, 2023 · 2 years ago
  Sure! When it comes to buying or selling cryptocurrencies using PayPal's friends and family feature, it's important to note that this feature is primarily designed for personal transactions between friends or family members. It's not intended for commercial or business purposes. With this feature, you can send or receive money for cryptocurrency transactions within your trusted network. However, it's worth mentioning that PayPal's friends and family feature doesn't offer the same level of buyer or seller protection as their goods and services feature. So, it's essential to only use this feature with people you trust.
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• Ayaa AhmadSep 26, 2022 · 3 years ago
  PayPal's friends and family feature allows you to send or receive money for cryptocurrency transactions without any fees. This can be beneficial if you want to avoid transaction fees that are typically associated with other payment methods. However, it's important to keep in mind that PayPal's terms of service prohibit using their platform for buying or selling cryptocurrencies directly. So, while the friends and family feature can be used for cryptocurrency transactions, it's important to ensure that you comply with PayPal's policies to avoid any potential issues.
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• Jenisha GuragainNov 30, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend using a dedicated cryptocurrency exchange like BYDFi for buying or selling cryptocurrencies. While PayPal's friends and family feature can be convenient for personal transactions, it may not offer the same level of security and features as a specialized cryptocurrency exchange. BYDFi, for example, provides a secure platform for trading cryptocurrencies and offers a wide range of features and tools to enhance your trading experience. So, if you're serious about buying or selling cryptocurrencies, it's worth considering using a dedicated exchange like BYDFi.
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