PayPal Adds Bitcoin, Ethereum, and Stablecoin P2P Payments

7M ago•

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As per recent announcements, PayPal crypto transfers now let users send Bitcoin (BTC), Ethereum (ETH), and the stablecoin PYUSD through peer-to-peer payments.

The update includes a feature called “PayPal Links,” a one-time link shareable by text, email, or chat. This change adds flexibility for crypto holders and may reshape everyday payments using digital assets.

What PayPal Crypto Transfers Bring to the Table

Feature	How it works
Supported assets	BTC, ETH, PYUSD, plus more crypto assets.
External wallet transfers	Users can send assets to crypto wallets outside PayPal or Venmo.
PayPal Links	Allows personal one-time link for payments or requests.

Also read: PayPal CEO Warns: GENIUS Act Could Spark U.S. Stablecoin Breakout

Fees, Networks, and Ease

Sending PayPal crypto transfers between PayPal or Venmo accounts carries no network fee. External crypto wallet transfers cost the standard blockchain/network fee.
Converting PYUSD to or from other cryptos carries fees that vary by USD amount. For example, amounts under $75 often carry about 2.20 %, dropping to ~1.50 % for larger amounts.
PYUSD is fully backed by US dollar deposits, U.S. Treasuries, and similar cash equivalents. Reserves are reported monthly by a third-party auditor.

Where PayPal Crypto Transfers Work Now & Rollout Plans

The features launch first in the U.S..
Expansion to the U.K., Italy, and other countries is expected later in 2025.
Friends and family transfers with crypto will not trigger U.S. IRS 1099-K tax reporting rules.

For Merchants: Pay With Crypto and New Opportunities

Merchants now can opt into “Pay with Crypto.” It allows them to accept over 100 cryptocurrencies, with instant settlement to either PYUSD or USD.

Fee for merchants during the launch is about 0.99 %. Some reports suggest this rate may increase to ~1.5 % after the promotional period.

PayPal Bitcoin payments

Conclusion

Based on the latest research, PayPal crypto transfers give users simple ways to send and receive BTC, ETH, and PYUSD across PayPal, Venmo, and external wallets. Many transfers carry low or no fees, and features like one-time links add more convenience.

For merchants, the system brings cost savings, faster settlements, and access to a global customer base, making crypto payments easier and more practical than before.

Also read: Crypto Whales Activities Surge: Bitcoin, Ethereum, XRP, and SOL See Billions in Transfers

Summary

PayPal now lets users take full advantage of PayPal crypto transfers to send Bitcoin, Ethereum, and PYUSD via peer-to-peer or to external wallets. New features include one-time payment links and zero or low fees for many transfers.

Merchants gain access through “Pay with Crypto,” which supports 100+ assets and offers nearly instant settlement with reduced costs. For anyone holding crypto, this upgrade makes transactions easier, cheaper, and more practical.

Glossary

BTC: Bitcoin, the first major cryptocurrency.

ETH: Ethereum, a cryptocurrency and smart contract platform.

Stablecoin: A cryptocurrency pegged to a stable asset, often the U.S. dollar. PYUSD is one such coin.

PYUSD: PayPal USD, a stablecoin fully backed by U.S. dollars and cash-equivalent assets.

Network fee: The fee paid to blockchain networks (miners/validators) to process transfers.

1099-K: U.S. IRS form for reporting certain transactions. PayPal’s personal crypto transfers avoid triggering it

FAQs about PayPal Crypto Transfers

Q: Can PayPal crypto transfers send crypto to any external wallet?

A: Yes, as long as the wallet supports the specific cryptocurrency and network. Be careful to use the correct address; transfers cannot be reversed.

Q: Are there fees when converting PYUSD to ETH or BTC?

A: Yes. Conversion between PYUSD and other supported cryptocurrencies carries fees, varying by amount. Smaller amounts tend to pay higher percentage fees.