PayPal Increases Crypto Payment Limits for US Customers

The company wants to give its customers “more choice and flexibility” in buying cryptocurrency on its platform.

By James Rubin

Jul 15, 2021 at 7:58 p.m. UTC

Updated Sep 14, 2021 at 1:26 p.m. UTC

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

James Rubin

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

Secure Your Seat

PayPal has raised cryptocurrency limits for its U.S. customers to $100,000 per week without an annual purchase limit, the company said Thursday.

The San Jose, Calif.-based payment services company said on its website the change would “enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.”

The company also said it would continue to update its in-app guides and educational materials on digital currencies, including addressing commonly asked questions.

In May, during CoinDesk's Consensus 2021 program, PayPal's blockchain lead, Jose Fernandez da Ponte, said the company would allow users to withdraw cryptocurrency to third-party wallets.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

James Rubin

Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

James Rubin