# How can I use PayPal to buy and sell cryptocurrency effectively?

Jessica Washington · August 4, 2026

> PayPal's cryptocurrency services are not available in Hawaii due to regulatory differences in the state. PayPal allows users to set up price alerts to...

PayPal's cryptocurrency services are not available in Hawaii due to regulatory differences in the state.

PayPal allows users to set up price alerts to track market fluctuations of supported cryptocurrencies within the app.

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The PayPal stablecoin, PYUSD, is fully backed by US dollar deposits and equivalent assets, maintaining a 1:1 peg to the US dollar.

Users can transfer their cryptocurrencies held on PayPal to external wallets, but there are no fees for sending crypto to friends and family on the platform.

PayPal's "Checkout with Crypto" feature enables users to seamlessly convert their cryptocurrency holdings into fiat currency at checkout, without incurring additional transaction fees.

The conversion rate used for "Checkout with Crypto" transactions includes a spread that PayPal charges, rather than a separate transaction fee.

PayPal's cryptocurrency services are currently only available in the US, excluding Hawaii, due to regulatory differences in the state.

The supported cryptocurrencies on PayPal include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, in addition to the platform's own stablecoin, PYUSD.

While PayPal allows users to buy, sell, and hold cryptocurrencies, the platform does not provide the ability to withdraw cryptocurrencies to external wallets, limiting their usage.

PayPal's cryptocurrency services are designed to provide a user-friendly and accessible way for its large customer base to participate in the cryptocurrency market.

The fees associated with buying and selling cryptocurrencies on PayPal may be higher than those charged by dedicated cryptocurrency exchanges, but the platform offers the convenience of integration within the existing PayPal ecosystem.

PayPal's introduction of the PYUSD stablecoin is aimed at facilitating seamless transactions and conversions between cryptocurrencies and fiat currency within its platform.

Users can leverage the "Send Crypto" feature on PayPal to transfer their supported cryptocurrencies to friends and family without incurring any fees.

The conversion rates for buying and selling cryptocurrencies on PayPal are based on prevailing market rates but may include a spread charged by the platform.

PayPal's cryptocurrency services are designed to comply with regulatory requirements in the US, ensuring a secure and compliant platform for users to engage with digital assets.

The "Checkout with Crypto" feature on PayPal allows users to pay for online purchases using their cryptocurrency holdings, providing a convenient way to utilize digital assets for everyday transactions.

PayPal's integration of cryptocurrency services aims to bridge the gap between traditional financial systems and the growing cryptocurrency ecosystem, catering to its large user base.

While PayPal's cryptocurrency offering provides an accessible entry point, users may have limited control and flexibility compared to using dedicated cryptocurrency exchanges or self-custody wallets.

The platform's stablecoin, PYUSD, is designed to facilitate seamless conversions between cryptocurrencies and the US dollar, enabling users to maintain the stability of their digital assets.

PayPal's cryptocurrency services are subject to the platform's overall terms and conditions, which users should carefully review to understand the limitations and requirements associated with buying, selling, and holding digital assets.

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