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• How to Withdraw Crypto from Kryptex to PayPal

How to Withdraw Crypto from Kryptex to PayPal

🤘 PayPal supports buying, selling, holding, sending, and receiving certain cryptocurrencies, including Litecoin (LTC), Bitcoin, Ethereum, and Bitcoin Cash, plus a stablecoin called PayPal USD (PYUSD).

👌 U.S. users can transfer crypto into PayPal from external wallets/exchanges, and out of PayPal to external addresses (wallets) once they complete required identity verification.

👍 To receive crypto in PayPal, you generate a PayPal wallet address for the specific coin you want (e.g. LTC), then send from your external wallet to that address.

Kryptex does not list “PayPal” as a payout destination in crypto or fiat directly. That means you can’t simply click “withdraw to PayPal”.

Kryptex is a cryptocurrency mining pool and cryptocurrency mining service, so you can withdraw cryptocurrency to external wallets and exchanges. PayPal supports receiving crypto from external wallets, so route is possible.

There are two ways how to send crypto from Kryptex to your PayPal crypto account:

1. Fast transfer. Withdraw LTC from Kryptex account to PayPal’s LTC receive address.
   • Thought this method looks simple, it may have some underwater rocks. If the PayPal will not be able to receive the transaction, they will cancel it. Kryptex doesn’t accept crypto deposits, so your redeemed transaction may be lost.
2. Safe transfer. The payout must first go to an external wallet (which you control) or exchange that accepts LTC. For example, Trust Wallet or Coinbase Wallet. Then you transfer crypto from your wallet to your PayPal crypto account.
   • If PayPal cancels the transaction — it will be transferred back to you wallet address.

At the moment, you can withdraw BTC, ETH, LTC from Kryptex to your PayPal Wallet. We will choose LTC as an example since Litecoin Network offers the lowest fees, but you can chose other method if you like. We will also add PayPal USD soon.

Step-by-Step Guide How to Transfer Crypto from Kryptex to PayPal

Make sure PayPal account is ready

1. You need a U.S. PayPal account with crypto features unlocked: verified identity, enabled for crypto features.
   • You need access to the Crypto Hub / Crypto wallet in PayPal.
2. Ensure PayPal supports LTC external transfers/receiving in your account. Some accounts might not yet have that enabled.
   • Log in to PayPal account → go to Crypto → choose Litecoin (LTC) → tap Receive.
   • PayPal will show you an LTC deposit address (and a QR code). This is your PayPal wallet address on the Litecoin network. Double-check that the address is for Litecoin (LTC).

Fast Transfer. Kryptex → PayPal Wallet

1. In Kryptex, go to Payouts → choose Litecoin (LTC) as the crypto method.

2. Paste the PayPal LTC deposit address you copied earlier. Enter the amount to be sent from Kryptex to PayPal.

   • Remember: your balance in Kryptex stored in BTC. You should enter the BTC amount and the form will calculate the LTC amount for you according to the BTC/LTC exchange price.

   • Minimum payout: 0.015 LTC. Withdrawal fee: 0.01 LTC. Kryptex does not charge withdrawal fees beyond the network fee.

     

3. Confirm the network and address carefully.

4. Request the payout and confirm it using your email link. Kryptex will broadcast the transaction to the Litecoin network.
5. PayPal needs several confirmations on the Litecoin blockchain. Time depends on network congestion etc. Once confirmed, the LTC will appear in your PayPal crypto balance.

Once it’s inside PayPal, you can hold it, sell it, send it out again, or use it if PayPal supports payments with crypto or checkout with crypto.

Safe Transfer. Kryptex → External Wallet → PayPal Wallet

1. In Kryptex, go to Payouts → choose Litecoin (LTC) as the crypto method.
2. Get the deposit LTC wallet address of an external wallet which you own (e.g. Trust Wallet or Coinbase Wallet)

3. Paste your Wallet LTC deposit address you copied earlier. Enter the amount to be sent from Kryptex to your Wallet address.

   • Remember: your balance in Kryptex stored in BTC. You should enter the BTC amount and the form will calculate the LTC amount for you according to the BTC/LTC exchange price.

   • Minimum payout: 0.015 LTC. Withdrawal fee: 0.01 LTC. Kryptex does not charge withdrawal fees beyond the network fee.

     

4. Confirm the network and address carefully.

5. Request the payout and confirm it using your email link. Kryptex will broadcast the transaction to the Litecoin network.
6. Wallet needs several confirmations on the Litecoin blockchain. Once confirmed, the LTC will appear in your Wallet crypto balance.
7. In PayPal, go to Crypto Hub / Crypto section → select “Receive” → choose LTC → get the LTC address PayPal gives you for LTC.
8. Copy that address exactly.
9. From your external wallet (the one you withdrew from Kryptex to), initiate a transfer of LTC to that PayPal LTC receive address.
10. Ensure you send the correct cryptocurrency (LTC → LTC address). Using a wrong address (e.g. sending LTC to a non-LTC address) will likely result in permanent loss.
11. After sending, you will need to wait for the LTC blockchain to confirm. Once PayPal sees the transaction and confirms, the LTC will show in your PayPal crypto balance. Time depends on network congestion etc.

Once it’s inside PayPal, you can hold it, sell it, send it out again, or use it if PayPal supports payments with crypto or checkout with crypto.

Things to Remember

• Make sure LTC is supported in your PayPal region and your account has external transfers enabled.
• Use the correct LTC address in PayPal. Don’t mix up coin types or networks.
• Account verification. PayPal may require special verification to enable receiving crypto from external wallets.
• Volatility. When transferring, value of LTC may swing. Also if you convert inside PayPal, watch for the exchange/spread.
• Delays. Blockchain confirmations, PayPal’s review/risk holds could delay crediting the funds.