Gemini is one of the most popular cryptocurrency platforms available due to its simple user-interface and added security features.
With over 50 supported cryptos, Gemini offers investors a large array of cryptocurrencies with a number of perks such as earning interest on your holdings or a crypto credit card.
Funding your Gemini account can be done in a few ways. The most common is either an ACH transfer from your bank or directly transferring cryptocurrency into the platform using a wallet address.
In this article, we cover the steps to transfer from PayPal to Gemini. Let's dive right in!
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Unfortunately, there is not a way to directly transfer PayPal funds to Gemini. Instead, you will need to transfer your funds first to the bank and then to Gemini.
The steps to complete this transfer are as follows:
Let's review each of these steps in a bit more detail.
Because cryptocurrency is not regulated the way regular stocks are, investors look for an extra layer of protection with their cryptos. Gemini is known for its extra security features and easy-to-navigate app.
Already signed up with Gemini? Skip down to start step 2!
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Opening a Gemini account is actually pretty easy and generally takes 2-3 days. Follow the steps below to get started:
With a Gemini account created, you are ready to move your PayPal funds to your bank. You can do so with the following steps:
This transfer can take between 1-3 business days.
If you need to link a bank account to PayPal, you can do so by clicking on the wallet icon in the bottom navigation menu in the app. In the "Banks and cards" section, you will see a + icon. Tap the icon to add a new account. You will simply search for your bank and login to select an account to link.
You can skip this step if you've already linked a bank account. If not, the process is pretty simple:
With a linked bank account, you can now deposit your PayPal funds that you just transferred to your bank.
How To Deposit Funds (Gemini):
With your account created and your funds deposited, you are ready to build your crypto portfolio. To purchase crypto in Gemini, follow the steps below:
And you're done!
Gemini is a popular app, and it's easy to see why. With over 50 cryptos supported and a number of features included, Gemini is a great crypto option for beginners and experienced traders alike.
If you want to fund your account with PayPal, you will need to first move those funds to your bank and then to Gemini. Hopefully in the future sending funds directly from PayPal will be available.
If you want to learn more about Gemini, be sure to check out their site!