PayPal is forcing me to either sell the crypto I purchased from them at a loss or leave it in their custody.

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PayPal is forcing me to either sell the crypto I purchased from them at a loss or leave it in their custody.

I've used my PayPal balance to purchase crypto and withdraw to my own wallet before. This time when I try I receive an error stating, "This type of phone number isn't supported. Check your number and try again." My phone number hasn't recently changed so I was so confused. (In fact this is the only number I've ever used with my PayPal account and I've never had a problem using it to access my account).

Their customer support claims that my phone number isn't actually the problem. Apparently I just need to wait "a few days" before I can try again because my account was flagged for trying to withdraw to an external wallet. They refuse to specify further, "so that fraudsters don't try to game their system." I purchased ETH two weeks ago and still can't do anything with it except sell, or keep waiting with no end in sight.

If you're planning on using a PayPal balance to purchase crypto; send the money to your own bank account and then use a real exchange. Don't be lazy like me and buy directly from PayPal. Whether you get to access your own funds or not is a damn gamble.

submitted by /u/ACE415_
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