PayPal Now Allows Bitcoin Transfers To External Wallets Today

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  • PayPal has enabled users to transfer, send and receive bitcoin from the platform to external wallets and exchanges.
  • This feature has been the most demanded feature from PayPal’s users since the company allowed bitcoin purchases in 2020.
  • The company does not charge fees to transfer bitcoin.

PayPal, a financial services giant, has enabled customers to now send, receive and and transfer bitcoin and other cryptocurrencies between wallets and exchanges, in a press release from the company.

The financial services company noted in the release that this has been the most consistently requested feature since it began allowing users to purchase bitcoin on the platform in 2020. Whether customers choose to send their bitcoin to an exchange, hot-wallet, or hardware wallet, those users will now have the choice to self-custody.

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