The introduction of this service offers Luxembourgish customers a new way to explore cryptocurrency in the PayPal environment they know and trust and provides customers access to educational content to help answer commonly asked questions and better understand the opportunities and risks associated with cryptocurrencies. Once available, eligible customers will be able to buy, sell and hold Bitcoin, Ethereum, Litecoin and Bitcoin Cash in their PayPal accounts via the website or the mobile app. PayPal’s cryptocurrency services were first launched in the U.S. in 2020 and expanded to the U.K. in 2021.

Customers can start by buying as little as €1 of cryptocurrency through PayPal. To purchase cryptocurrency, eligible customers can log into their PayPal account via the website or their mobile app, navigate to the new crypto tab and view the four cryptocurrencies available. Customers can choose from pre-determined purchase amounts or enter in their own purchase amount and follow the prompts to purchase the cryptocurrency of their choice. Customers will be able to purchase cryptocurrency using their PayPal balance, linked bank accounts or EU-issued debit cards. If customers choose to sell cryptocurrency with this new service, funds will be available quickly in their PayPal accounts.