Cryptocurrencies have revolutionized the financial landscape, offering individuals a decentralized and secure way to store and exchange value. As the popularity of cryptocurrencies continues to soar, many people are seeking convenient methods to acquire these digital assets. In this article, we will explore how you can leverage PayPal to enter the world of cryptocurrencies and start building your digital investment portfolio.
1. Add your bank account
- First manually add your Parallax bank account
- Go to “Wallet” and select “Link a bank”
- Select “Link to US bank account” and choose “Checking”
- Add the Routing Number and Account Number of your Parallax account. To find your details, log in to your Parallax account and click on the Accounts tab.
2. Transfer the funds to your Parallax account
- Go to your “Paypal Balance” and select “Transfer Money”
- Select “Standard” shipping method
- Enter the amount you want to transfer and click “Send”
- The transfer process can take up to 3 business days
3. Go to your Parallax account
- Once you receive your money from Paypal, go the Exchange tab and select Buy
- Enter the amount you want to exchange to crypto and choose your token.
- Review the exchange and confirm the transaction.
- Once you confirm, you should automatically receive your crypto in your Parallax wallet. You can even opt to transfer it out to any other wallet you use!
Parallax offers a convenient and user-friendly approach for individuals looking to participate in the world of digital assets. By following this guide, you can leverage the widespread accessibility of PayPal to purchase cryptocurrencies and take advantage of the potential financial opportunities they present.