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How to Transfer Bitcoin From PayPal to External WalletUse the app to buy, transfer, and sell cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the new PayPal stablecoin, PayPal USD (PYUSD) Yes, it is possible to purchase Bitcoin and other cryptocurrencies on Coinbase using PayPal as a payment method. Coinbase allows you to. You can buy and sell in seconds and use the sales in your PayPal balance to fund transactions. To sell Cryptocurrency with PayPal on the app: Tap Finances.