• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Crypto Market Structure Bill: Senate Sources Indicate Draft Release As Soon As Tomorrow
Picture of two hands with a mobile phone that says PayPal in one and a bitcoin crypto coin in the other

PayPal Increases Weekly Crypto Purchase Limit To $100K, Does Away With Yearly Limit

Best Owie
by Best Owie
Last Updated: July 16, 2021 5:00 pm
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

PayPal back in October, 2020 had announced the rollout of a feature that would enable their users to buy cryptocurrencies using the site. The rollout began with US customers and PayPal slowly spread it out to customers in other regions. Continuing on this streak, PayPal had treaded softly with the amount of cryptocurrencies it allowed its customers to purchase a week. And it had a yearly spend limit on customers.

Customers could only buy bitcoin and other crypto up to $20,000 per week at first, and purchases were limited to $50,000 per year. Now, the mega payments company has now revealed that it would allow customers to buy bitcoin and other crypto up to $100,000 weekly. And more importantly, the company was completely doing away with the yearly spend limit, now making it unlimited.

Related Reading | PayPal, Visa Lead Massive $300 Million Investment In Blockchain Capital

The feature allows users to buy and sell crypto pithing the payments service. Further, customers can use the proceeds from the sale to pay for purchases through PayPal. PayPal had done this to increase offerings for their demanding customer base.

More Choice And Flexibility For PayPal Customers

PayPal’s Vice President said in a press release that the company was looking to open up customers to more options. The review of the spend limits will give users more choice and flexibility when buying and selling crypto on the platform.

Total crypto market cap chart from TradingView.com

Total crypto market cap continues to decline | Source: Crypto Total Market Cap on TradingView.com

According to Jose Fernandez da Ponte,  the company had been actively engaging with customers to better understand their needs. It is from this that the company has decided that increasing spend limits would be the best thing going forward.

The company remains committed to providing a trusted and secure way for their customers to purchase crypto. Customers can also sell, hold, and checkout with PayPal using digital assets.

Continued Support For Crypto

This move is in an effort to provide customers with continued access to crypto. PayPal has taken advantage of the changing landscape to make sure they’re providing the best services to their customers.

As part of our efforts to meet the ever-changing needs of our customers, we are pleased to announce that we have recently raised the purchase limits of cryptocurrency for eligible PayPal customers in the U.S. to $100,000 per week with no annual purchase limit. These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.

Related Reading | VeChain Partners With Shopping.io To Enable VET Holders Shop With Vet On Amazon, Ebay, Walmart, And Etsy

PayPal continues to provide their customers with material and guides to facilitate their crypto journey. The company also hopes to help demystify whatever misconceptions customers may have about digital assets.

PayPal customers currently cannot send crypto to outside crypto wallet. This means customers can only use their crypto within PayPayl

Featured Image from Android Techvilla, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Best Owie

Best Owie

Follow

Best Owie is a Managing Editor at Bitcoinist with extensive experience and a proficient expert known for crafting captivating and insightful content. Best boasts over six years in the crypto sector, and has supervised the conception and publication of thousands of articles. Best is also a content and marketing strategist with the ability to make sure your content reaches the right audience and beyond. In every aspect, Best stands out as a consummate professional, always striving for unparalleled excellence both within and outside the workplace.

Full Profile

Related Posts

FTX

SBF Defends FTX: ‘We Had $8 Billion, Not Insolvency’

1 hour ago
Bitcoin

Donald Trump Makes Nice With China, But Why Are The Bitcoin And Ethereum Prices Still Crashing?

2 hours ago
Crypto fear & greed index zakt naar 29 - wat betekent dit voor crypto traders

Crypto fear & greed index zakt naar 29 – wat betekent dit voor crypto traders?

4 hours ago
Solana’s Dual Upside Draws Attention, But Maxi Doge May Offer Even Bigger Rewards.

Solana’s Dual Upside Draws Attention, But Maxi Doge May Offer Even Bigger Rewards

5 hours ago
Canary Capital xrp

Η Canary Capital ετοιμάζει ETF για το XRP – Πώς αυτό ενισχύει altcoins όπως το Best Wallet Token

6 hours ago
Coinbase Reports $433M Profit Thanks to Stablecoin Growth – Best Wallet Token Crosses $16.7M

Coinbase Reports $433M Profit Thanks to Stablecoin Growth – Best Wallet Token Crosses $16.7M

7 hours ago
Please login to join discussion

Premium Sponsors

Press Releases

  • What XRP Tundra Means for the Future of XRP in the DeFi Ecosystem

    What XRP Tundra Means for the Future of XRP in the...

    9 hours ago
  • kcex-trading-showdown-bonus-review-tw

    ...

    11 hours ago
  • trump токен

    Меме токенът TRUMP поскъпва след...

    11 hours ago
  • Czhang on How LBank Is Using AI and 100x Tokens to Shape...

    13 hours ago
  • Is Staking Crypto Worth It? XRP Tundra Presale Offers 12% APY

    Is Staking Crypto Worth It? XRP Tundra Presale Offers 12%...

    1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.