PayPal to allow users to withdraw their cryptocurrencies
Payment giant PayPal entered the cryptocurrency market in October 2020, allowing millions of its customers in the United States to buy, sell and hold a wide range of cryptocurrencies. However, the customers cannot withdraw the cryptocurrencies to external wallets.The company said it is now working on a feature that would allow millions of its customers to withdraw their cryptocurrencies to third-party wallets. Paypal's general manager of blockchain, crypto and digital currencies, Jose Fernandez da Ponte, revealed this while speaking at CoinDesk's Consensus 2021 conference yesterday. When the feature is rolled out, customers can transfer Bitcoin, Ether, Litecoin and Bitcoin Cash to external wallets.
PayPal began offering cryptocurrency services to its users in October last year, allowing them to buy, sell and hold four cryptocurrencies. However, users have not been able to transfer the cryptocurrencies to external wallets. Da Ponte said, "We want to make it as open as possible, and we want to give a choice to our consumers, something that will let them pay in any way they want to pay. They want to bring their crypto to us so they can use it in commerce, and we want them to be able to take the crypto they acquired with us and take it to the destination of their choice." Although PayPal will be enabling this feature, da Ponte didn't specify when it will be available to the users.
PayPal is expanding its presence in the crypto sector
The payment giant has been expanding its presence in the cryptocurrency sector over the past few months. Last month, PayPal-owned Venmo announced that it's over 70 million users in the United States can buy Bitcoin, Ether, Bitcoin Cash, and Litecoin. At the moment, it is unclear if Venmo will also be offering the withdrawal feature to its customers.Payment platforms such as PayPal allow users to buy, sell and hold cryptocurrencies. However, they don't allow them to transfer the coins to other wallets. The trend is changing, with PayPal's rival, Revolut announcing earlier this month that its customers can now withdraw their bitcoins to other wallets. The UK-based fintech firm said it would roll out the withdrawal feature to other cryptocurrencies over the coming months.
PayPal's executive also talked about other issues, including stablecoins. He said it is too early for the company to consider developing and issuing a stablecoin. Da Ponte also said financial institutions like PayPal would serve as the best way for governments to distribute CBDCs when the time comes.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
