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Bitcoin Cash: created in , the group behind Bitcoin Cash say transaction times are faster than the original Bitcoin.
Litecoin: designed to be a future payment method and can be mined more quickly than Bitcoin - producing one new coin every 2. Who can buy, sell, and hold Cryptocurrencies? Do I need to sign up for anything? If you have a PayPal Cash account, all you need to do is confirm some account information during your first purchase. If you do not have a PayPal Cash account, you can apply for one during your first purchase. Are there any fees?
If you use a linked bank account or debit card as a funding source to buy Crypto Assets, your bank may charge you its own fees, including overdraft fees or insufficient fund fees, if applicable. PayPal is not responsible for any fees that may be charged to you by your bank. At the time you buy or sell Crypto assets, we will disclose to you the applicable exchange rate and the amount of fees that you will be charged for that transaction.
The exchange rate may include an estimated spread of one-half of one percent 0. We will not separately calculate or disclose the spread we earn on each transaction. By using PayPal's Crypto services, you agree to pay all applicable exchange rates including spread and fees. Can I use Cryptocurrencies to pay or send money with PayPal? At this time, you cannot use Crypto as a way to pay or send money on PayPal. Can I use my Cryptocurrency balance as a funding source for my purchases?
No, not at this time. I made a Cryptocurrency purchase in error - can I cancel or reverse it? There isn't a way to cancel or reverse Cryptocurrency transactions. Cryptocurrency purchases are protected in the event unauthorized activity takes place. Will PayPal cover losses from fraud on its Cryptocurrency service?
As part of PayPal's commitment to protecting its users, PayPal will not hold customers liable for Crypto purchases or sales made as a result of unauthorized activity in their PayPal account. PayPal will not cover losses from Cryptocurrency price fluctuations and we recommend that customers make sure purchasing Crypto is right for their individual financial situations. Since Crypto purchases and sales aren't reversible, PayPal urges customers to do their research and make decisions carefully.
Will PayPal protect my Cryptocurrency? What we can't protect you from are losses that result from Cryptocurrency price fluctuations.
Cryptocurrency is very volatile, and we suggest that you speak with a financial advisor or tax specialist to advise you. I lost money on my Cryptocurrency purchase. What can I do? We recommend you speak to a financial advisor as we are unable to offer financial advice. Will I pay tax on Cryptocurrency profits?
For any tax advice, you would need to speak with a tax expert.
Why is there an exchange rate for Cryptocurrency? Since Crypto is digital money, you're essentially swapping one currency for another when you buy and sell it. The exchange rate tells you how much Crypto or dollars you'll get in the swap and refreshes often because the value of Crypto is constantly changing.
Can I transfer Cryptocurrency into and out of PayPal? Currently, you can only hold the Cryptocurrency that you buy on PayPal in your account. Additionally, the Cryptocurrency in your account cannot be transferred to other accounts on or off PayPal.
You own the Cryptocurrency you buy on PayPal but will not be provided with a private key. In case you are wondering, a private key is a person's secret code to access and manage their Cryptocurrency. If lost, stolen, or even forgotten they can never get to their Cryptocurrency. If you can log in to your PayPal account, you will have access to Cryptocurrency balance you hold.
With Bitcoin, there's no credit card number that malicious actors can collect in order to steal from you.
In fact, it's even possible in some cases to send a payment without revealing your identity, almost like with physical money. You should, however, take note that some effort can be required to protect your privacy. Make a donation. Bitcoin for Individuals Bitcoin is the easiest way to transact at a very low cost. Mobile payments made easy Bitcoin when used on a mobile device allows you to pay with a simple two-step scan-and-pay.
Security and control over your money Bitcoin transactions are secured by mathematics and energy. Works everywhere, anytime Similarly to email, you don't need to ask recipients you're sending bitcoin to, to use the same software, wallets or service providers. Fast international payments Sending bitcoins across borders is as easy as sending them across the street.
Circle Pay makes it easy to create as many Bitcoin addresses as you would like. This will generate a new Bitcoin address every time that will stay connected to your Circle Pay account. You can send that QR code and Bitcoin address to anyone that you choose by copying the address if you are using a browser or by selecting the sharing option at the bottom of that page if you are using a mobile phone.
At the moment, Circle does not support any other cryptocurrencies on Circle Pay. For buying and selling Bitcoin, Ethereum, and other cryptocurrencies, you can check out our other product Circle Invest , which is currently available for most US residents. Request help. How can we help?
Sending Money using the Bitcoin Network Bitcoin customers on Circle Pay can send money to anyone anywhere in the world no matter what Bitcoin wallet the recipient uses other cryptocurrencies are not supported on Circle Pay. Sign in to your Circle Pay account and navigate to the Send tab.
You will have to enter the Bitcoin address to choose where to send your funds.