Currently, supported coins for external transfers include BTC, ETH, LTC, BCH, and PYUSD to compatible Ethereum ERC-20 or Solana SPL wallets.
PayPal first allowed customers to buy, sell, and hold crypto in 2020. This service was initially available to US users, with plans to expand to other regions and enable crypto payments at millions of merchants. In late 2024, the company began allowing US merchants to buy, hold, and sell crypto directly from their business accounts, along with the functionality to send and receive tokens on-chain—though this was not available in New York State at launch. This expansion marks a significant enhancement of PayPal’s crypto offerings to its 36 million merchant accounts and is part of ongoing efforts to increase crypto utility and accessibility for US businesses.
