PayPal rolls out Crypto Trading for UK Customers via Its Platform
- ByStartupStory | September 20, 2021
PayPal, a major global payments firm announced crypto trading services for all of its eligible customers in the UK, giving them access to the four top cryptocurrencies. PayPal in the U.K.completed its dispatch of cryptocurrency exchanging on the platform to incorporate Litecoin and Ethereum, adding to bitcoin and BitcoinCash, which were carried out the following month, PayPal tweeted on Friday. This marks the first international expansion of the company’s cryptocurrency offerings outside of the US and The UK becomes the second country to access these services since the grand launch in the US in October 2020.
You can buy, sell and hold cryptocurrency through PayPal’s cryptocurrency service, but you can’t use it to send cryptocurrency. Purchases and sales of cryptocurrency aren’t reversible. None of the information provided by PayPal should be taken as tax, financial, legal, trading, or investment advice. With over 403 million active accounts globally, the San Jose, California-based company is one of the largest mainstream financial companies to offer consumers access to cryptocurrencies.
PayPal does not charge customers for saving its customers’ cryptocurrency. However, The company uses trade fees 0.5 GBP to 1.5% for purchases under $ 25 for changes above 1000 GBP.
Customers will also be able to see real-time crypto prices on their PayPal accounts. They can also learn more about opportunities and risks related to cryptocurrencies on the platform, as well as get immediate answers for commonly asked questions.
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