PayPal Launches the Ability to Buy, Hold and Sell Cryptocurrency in the UK
PayPal today announced the launch of a new service enabling its customers in the UK1 to buy, hold and sell cryptocurrency with PayPal. This new service starts rolling out this week.
Customers can choose from four types of cryptocurrencies—Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Customers can start by buying as little as £1 of cryptocurrency through PayPal. To purchase cryptocurrency, eligible customers can log into their PayPal account via the website or their mobile app, navigate to the new crypto tab to view the four cryptocurrencies available and view current pricing and trends.
There are no fees to hold cryptocurrency in a PayPal account. There are transaction fees and currency conversion fees for buying and selling applicable cryptocurrencies.