Main navigation

PayPal Dramatically Increases Limit for Cryptocurrency Purchases

News
Thu, 07/15/2021 - 19:53
article image
Alex Dovbnya
PayPal claims that the changes will enable its users to have more choice in buying crypto
PayPal Dramatically Increases Limit for Cryptocurrency Purchases
Cover image via stock.adobe.com
Read U.TODAY on
Google News

PayPal has boosted its weekly purchase limit for digital assets to $100,000, the company announced Thursday

Its customers will also be able to purchase an unlimited amount of crypto on an annual basis.   

The changes are meant to make the process of buying crypto on PayPal more flexible: 

These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.    

Related
Peter Brandt Says Institutions Are Mad at Themselves for Buying Bitcoin

PayPal is also expected to allow its customers to withdraw cryptocurrencies from the app.   

The payments giant debuted a cryptocurrency functionality back in October 2020, contributing to Bitcoin's massive rally at the end of the previous year.   

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.