Consider seeking advice from your financial or tax adviser. None of the information provided by PayPal should be taken as tax, financial, legal, trading or investment advice. Purchases and sales of cryptocurrency aren’t reversible and cannot be changed.
You can buy, sell and hold cryptocurrency through PayPal’s cryptocurrency service, but you can’t use it to send cryptocurrency. The gains or losses from your cryptocurrency sales may be subject to capital gains tax or income tax. You can buy as little as £1 of cryptocurrency so it’s ok to start small and only buy what makes sense for you. The value of cryptocurrency can rise or fall suddenly so you can lose money just as easily as you can make it. Please see our disclosure here for more information.Ĭryptocurrency is volatile. For further details on the exchange rate and cryptocurrency fees that will apply click hereīuying and selling cryptocurrency is subject to a number of risks and may result in significant losses and the loss of all the money you have paid for it. The exchange rate may include a margin that PayPal earns on each purchase and sale and conversion between your electronic money in pounds sterling and the relevant cryptocurrency which is purchased in US dollars. Users are advised to read the terms and conditions carefully.Ģ When you buy or sell cryptocurrency, we will disclose an exchange rate and the transaction fee you will be charged for that transaction.
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