Is PayPal a good place to buy cryptocurrencies?

California-based PayPal has become one of the most active mainstream financial companies in cryptocurrencies. In October, it began allowing users to buy, sell and hold cryptocurrencies in its digital wallets and last month it started allowing customers to spend their virtual coins at millions of merchants globally.

What is a cryptocurrency wallet?

A cryptocurrency wallet is a piece of software or hardware that stores private and public key information required to facilitate crypto transactions. Despite popular belief, a cryptocurrency wallet doesn’t store a digital currency itself. Q: Where is the best place to buy and sell cryptocurrencies?

Why is PayPal extending its cryptocurrency service to Venmo?

The move build’s on PayPal’s decision to allow users to buy crypto through its main platform and use them to pay online merchants for goods globally. With more than 70 million users, most of which are younger Americans, Venmo is a natural choice for PayPal to extend its cryptocurrency service.

What cryptocurrencies can you buy on Venmo?

Starting Tuesday, Venmo is giving customers the option to invest in four crypto assets: bitcoin, ethereum, litecoin, and bitcoin cash. Users can purchase cryptocurrencies with as little as $1 and can buy and sell using funds from their Venmo balance, or a linked bank account or debit card.