Nexo

Start Earning Up to 16% Interest Automatically

Learn More
Home » Business » US Customers Can Now Buy Bitcoin on PayPal, Wait List Lifted

US Customers Can Now Buy Bitcoin on PayPal, Wait List Lifted

by

The payment giant has removed its waiting list for crypto services, meaning that all eligible U.S. customers will now be able to buy, sell and hold cryptocurrencies. Spending limits on crypto have also been increased.

US Customers Can Now Buy Bitcoin on PayPal, Wait List Lifted
Shutterstock cover by JHVEPhoto

Key Takeaways

  • PayPal has announced that it will be removing its waiting list for cryptocurrency services.
  • Move follows bombshell Oct. 22 announcement that the payment service would be adding support for cryptocurrencies. 
  • It’s currently unclear whether service will be offered to customers outside of U.S. 

Share this article

PayPal is removing its waiting list for crypto services, allowing all United States users to buy and sell Bitcoin. 

PayPal Lifts Wait List for Crypto

The payment service made headlines last month when it announced its plans to support digital currencies. 

While it was initially proposed that there would be a waiting list for customers interested in obtaining crypto, the company has since opened up the service to all eligible U.S. customers. 

The Block also reports that purchase limits have been increased, allowing U.S. buyers to purchase up to $20,000 in cryptoassets per week (it was initially set to $10,000, before being increased to $15,000 shortly after). 

While it’s currently unknown whether the service will be expanded globally, all signs point to the payment giant doubling down on cryptocurrencies like Bitcoin and Ether. 

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.