This guide outlines the process of cashout cryptocurrencies such as Bitcoin, Ethereum, and Litecoin to fiat currency using a verified PayPal account.
Step 1: Ensure your purchased PayPal account is crypto-enabled by checking its verification status for seamless digital currency transactions.
Step 2: Access the acquired PayPal account and verify the available balance. Ensure it matches your order or add a linked payment method to cover your intended cryptocurrency purchase.
Step 3: Confirm the account’s crypto verification by checking the cryptocurrency section for relevant indicators. If unverified, request a replacement account.
Step 4: Once verified, locate and enter the cryptocurrency platform within the PayPal account.
Step 5: Select Bitcoin from the available cryptocurrencies and input the desired purchase amount. Ensure sufficient funds or a linked payment method, then complete the transaction.
Step 6: Review the transaction details, including the Bitcoin amount and corresponding PayPal balance deduction. Agree to the terms to proceed.
Step 7: After purchasing, navigate to the withdrawal section. Enter your external Bitcoin wallet address and initiate the transfer.
Step 8: Monitor your external Bitcoin wallet for the completed transaction. Note that blockchain transfers may take some time to process.
By following these steps, you can successfully cashout cryptocurrency using the verified PayPal account and transfer it to your external wallet. Remember to prioritize security and stay informed about market trends for a safe experience.
