bitcoin price in India – paypal finally allow their users to transfer all cryptocurrencies to external wallet

PayPal Online Payment Company has finally allowed its users to convert cryptocurrencies including Bitcoin to external wallets.

PayPal said on its Twitter page that select US users will be allowed to use the feature from June 7, and that this permission will be extended to all eligible US customers in the coming months.

In October 2020 PayPal allowed its customers to buy, sell and hold Bitcoin, Ether, Bitcoin Cash and Litecoin. But users are not allowed to transfer their crypto holdings from the PayPal site to other wallets.

It has since allowed users to transfer their cryptocurrencies from the PayPal site to other wallets. And thus does not charge transfer fees for other wallets.

Instead it says users will have to pay network fees to transfer cryptocurrencies outside Bhopal and pay to activate transactions for blockchain operators such as Bitcoin and Enemy.

PayPal has promised to charge for cryptocurrency trading and further reduce the exchange rates for cryptocurrencies and dollar transactions.