PayPal Removes Waitlist for New Crypto Service, Boosts Weekly Purchase Limit ...

Payments giant Paypal has increased its weekly purchase limit for cryptocurrencies and has removed the annual limit altogether. The company said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrency on our platform.” Paypal Increases Buy Limit for Cryptocurrencies Paypal Inc. announced Thursday that it has increased purchase limits for cryptocurrencies. The company explained that since the U.S. launch of Paypal Crypto in October 2020, it has been actively engaging with customers “to better understand their needs,”....

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 […]

The company said the move was aimed at giving customers “more choice and flexibility" to purchase crypto. Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly.In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users “more choice and flexibility in purchasing cryptocurrency.”PayPal announced it would be moving into the crypto space in October 2020, later allowing eligible customers....

Paypal has begun letting users transfer cryptocurrencies between its platform and other wallets and exchanges. “This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform,” Paypal revealed. Paypal Now Supports External Wallet Transfers Payments giant Paypal finally allows users to transfer cryptocurrencies in and out of its platform. The company announced Tuesday: We are thrilled to announce that starting today, Paypal supports the native transfer of....

US-based bitcoin exchange Trucoin has increased its customer's daily purchase power to an "unprecedented" $1,000. Trucoin's announcement comes at a time of rife competition as companies selling bitcoin in the US try to capture the market. Circle, a competitor in the space, has a weekly limit of $2,500, which can vary depending on the amount that is purchased. Purchases made with credit cards, though, are capped at $500 a week. Coinbase, which recently launched its own exchange, currently only accepts Visa payments. The company sets a limit of $1,000 a week for accounts that purchase up to....