PayPal announced today that it will be removing the waiting list to buy, hold and sell cryptocurrencies in the United States. With this decision, all customers in the United States will be able to purchase cryptocurrencies directly from their PayPal accounts. U.S. customers will also receive alerts about the new feature via email and a push notification in the coming days, the company says.
This feature was already partially available in the United States, but PayPal has attracted interested customers from a good list. With the update, users no longer have to wait for the location to open.
Additionally, PayPal claims to have increased the weekly cryptocurrency purchase limit from $ 10,000 to $ 20,000 per week at the request of the first customer.
The partner is helping to improve the new PayPal service, allowing customers to buy, sell and hold a variety of cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash and Lightcoin.
For the next year, PayPal plans to allow users to make PayPal purchases with cryptocurrencies as well, the company said.
In terms of exchange rate, PayPal will charge $ 0.50 on transactions up to $ 24.99, 2.3% on transactions from $ 25 to $ 100; 2% on transactions from $ 100.01 to $ 200 USD; $ 1.8 on transactions of $ 200.01 to US $ 1,000; and 1.5% in transactions over US $ 1,000.
PayPal notes that there is no charge for holding crypto in your account. And for starters, PayPal will waive the fees until 2021.
The company released the news quietly today via an update to last month’s press release. It states that users can download the PayPal app or log into their PayPal account for more information.
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