CryptoPayments
PayPal Crypto - PYUSD
How to Buy PYUSD in Your PayPal Account and Send It to an External Wallet
PayPal USD (PYUSD) is a U.S. dollar-backed stablecoin issued by Paxos and integrated directly into your PayPal account. It’s ideal for anyone new to crypto or looking for a stable way to explore Web3, DeFi, or peer-to-peer payments. In this post, we’ll walk you through how to buy PYUSD using your PayPal account and how to send it to an external crypto wallet.
Step 1: Log In to Your PayPal Account
- Go to PayPal.com or open the mobile app.
- Log in with your email and password.
Step 2: Buy PYUSD
- From your dashboard, tap Crypto or look for the Crypto tab on the top menu.
- Search for PYUSD (PayPal USD).
- Tap Buy.
- Choose the amount you want to purchase and the payment method (linked bank, debit card, or PayPal balance).
- Confirm your purchase.
Tip: You can buy as little as $1 worth of PYUSD.
Step 3: Send PYUSD to an External Wallet
PayPal allows you to withdraw PYUSD to wallets that support Ethereum-based tokens (ERC-20).
- Go back to the Crypto section and tap on PYUSD.
- Tap Send.
- Choose Send to External Wallet.
- You’ll be prompted to complete a quick identity verification if you haven’t already.
- Enter your external wallet address (must support ERC-20 tokens).
- Double-check the address.
- Enter the amount you want to send.
- Confirm and approve the transaction.
Note: You’ll need to pay a gas fee in ETH when sending PYUSD to an external wallet.
Things to Keep in Mind
- PYUSD runs on Ethereum, so your external wallet (like MetaMask, Coinbase Wallet, or a hardware wallet) must support ERC-20 tokens.
- Gas fees apply, these go to Ethereum miners, not PayPal.
- Withdrawals may take a few minutes to appear on the blockchain depending on network congestion.
Why Use PYUSD?
- Backed 1:1 by U.S. dollars.
- Regulated and issued by Paxos Trust Company.
- Integrated into PayPal, no need for a separate exchange.
- Can be used in DeFi, crypto trading, or as a stable payment method.
Final Thoughts
PYUSD is one of the easiest ways to dip your toes into crypto without leaving the PayPal ecosystem. Whether you’re sending money to friends, testing out DeFi platforms, or diversifying your digital assets, this stablecoin bridges the gap between traditional finance and blockchain tech.
Ready to Try It?
Log in to PayPal, tap Crypto → PYUSD → Buy → Send. Simple as that.