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How to withdraw from Exodus to PayPal? This guide explains the fastest route to convert crypto into cash by using the Coinbase option.

Exodus Wallet is one of the ‘old-school‘ crypto wallets out there. Since the introduction of altcoins back in 2015, this wallet was one of the first to offer storage of multiple cryptocurrencies at the same location.

Storing several cryptos at the same location sounds ideal, but you cannot send any fiat currencies like dollars, pesos, and yen to it when you use Exodus Wallet. The only option you have is to use the built-in exchange feature to convert cryptocurrencies from one type to another.

Fast forward to today, the entire cryptocurrency market has matured, and nowadays people also want to exchange cryptos for fiat currencies. One very interesting option you have is to transfer your cryptos elsewhere and use PayPal as a cash-out option.

By continue reading this guide you will get all the answers you are looking for regarding Exodus:

  • How to withdraw from Exodus to PayPal
  • Know what to do before making crypto withdrawals
  • Use the Coinbase cash-out option for PayPal

How To Withdraw From Exodus To PayPal: Quicktake

In short, below are the necessary steps to cash out money from Exodus to PayPal. Additionally, I assume you already have an existing Coinbase account and are using Exodus on a mobile device. Overall, you have to do the following:

  • Sent crypto from Exodus to Coinbase
  • On Coinbase, sell crypto for fiat(USD, EUR, GBP, etc)
  • In ‘My Assets‘, choose ‘Cash out all‘ option
  • Choose PayPal as cash withdrawal option
  • Cash out to PayPal at zero fees 😁

The steps above are a quick take of the steps you have to follow. Later on in this guide I’ll go more into detail by including screenshots. Spoiler: using the PayPal cash-out option at Coinbase, is the quickest way to convert crypto to cash within 24 hours.

Understanding Crypto Withdrawals

Exodus is a multi-coin wallet and if you are using it regularly then you already know that this wallet can be used on different blockchains. Moreover, besides Ethereum(ETH), Bitcoin(BTC), or BNB, you have several other coins that can be traded or used within dApps.

Even though Exodus has a lot of interesting features, there isn’t a direct option to cash out crypto for money. To do this, you need a centralized exchange like Binance or Coinbase to achieve this.

In other words, you need to withdraw your crypto to another platform first before you can cash out. How to do this properly?

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Withdraw From Exodus to PayPal

Again, when you want to cash out crypto from Exodus by initiating a withdrawal, you need to send your funds elsewhere. Also, to receive the funds in your PayPal account you must find a platform that supports this.

Luckily in 2020, Coinbase and PayPal decided to team up. Where PayPal has been added as a cash-out option to the Coinbase platform. Below are the necessary steps to withdraw crypto from Exodus to PayPal explained in more detail.

Step 1: Create an Account at Coinbase

First of all, you need to open an account which shouldn’t be a complicated step. On top of that, you can use this link to open a free account at Coinbase.

In short, Coinbase is a very popular crypto trading platform mainly focused on US customers. Also, it has millions of cryptocurrency traders using its platform daily. In addition to trading and wallet services, Coinbase also offers various other features such as a merchant payment gateway and educational resources for beginners to learn about the world of cryptocurrency.

Remember that crypto exchanges use custodian wallets for holding crypto and are subject to attack by hackers all the time. As a result, security is a top priority for them, and withdrawing to use PayPal requires you to verify(KYC).

In short, an account verification(KYC) process consists of the following:

  1. Upload official documents(passport, identity card, driving license, or else)
  2. Take pictures of both sides of the document
  3. Make a selfie

Step 2: Send funds from Exodus

After you have finished the sign-up process at Coinbase it’s time to use your newly created profile to withdraw money.

The plan you might have is to swap crypto for money so you need to send crypto funds from Exodus to Coinbase here. How to do this? Below are the necessary steps for Coinbase(using ETH as an example):

  1. In Coinbase above, click ‘Send & Receive
    Buy crypto on Coinbase
  2. Choose Receive tab, and click Bitcoin to search for ETH
    Buy ETH on Coinbase
  3. In the search bar, type ETH and choose Ethereum result
  4. Click ok and copy ETH address to clipboard

Next, go back to your Exodus, enter your password to log in, and find your ETH funds.

Consequently, to transfer, click on ‘Send‘. Now tap on your ETH funds and paste the Coinbase ETH address from the clipboard into the Send to Ethereum address field.

Finalize the withdrawal of ETH funds from Exodus by giving the amount of ETH and approving the transaction.

Next, go back to your Exodus, enter your password to log in, and find your ETH funds.

Consequently, in order to transfer, click on ‘Send‘. Now tap on your ETH funds and paste the Coinbase ETH address from the clipboard into the Send to Ethereum address field.

Finalize the withdrawal of ETH funds from Exodus by giving the amount of ETH and approving the transaction.

Step 3: Receive ETH funds at Coinbase

As the Ethereum blockchain processes transactions very fast it’s just a matter of seconds waiting before funds arrive in the Coinbase account. Just make sure that you have received the funds by going to your assets wallet on Coinbase.

On top of that, Coinbase will send you a notification message when the ETH funds have reached their platform.

Consequently, the withdrawal process for crypto from Exodus to Coinbase has been finished. Additionally, we are ready to start the cash-out option for PayPal accounts on Coinbase.

Step 4: Trade ETH for USD on Coinbase

At this point you can start selling ETH for fiat currency(USD, EUR, etc). All you have to do now on the platform is to go to ‘My Assets‘ and choose ‘Buy & Sell‘. It’s all very straightforward.

In the pop-up screen, find ETH, also make sure to choose USD as fiat option and click on the ‘Sell‘ option. Simply enter the amount you wish to sell, click “Preview Sell”, and then hit the “Sell Now” button.

Sell crypto on Coinbase
Sell crypto on Coinbase

Next, after the platform has processed the transaction(which takes seconds) your wallet will be updated with the amount in USD.

Step 5: Withdraw Cash from Coinbase using PayPal

Finally, we have reached the level where you can transfer money to your PayPal account. Now go to your money account under “My Assets”. Next click on this to view the Cash Out option and select “Cash Out All”.

Click the continue button and a new screen appears that asks you to choose a destination for your cash withdrawal. You have the following options:

  • Add a debit card
  • Add a bank account
  • PayPal

Next, you only have to confirm to finalize it and withdraw to your PayPal account. Also, the screen shows you the details including the fee which is zero for PayPal withdrawals.

And this is how you withdraw from Exodus to PayPal! Enjoy your profits and don’t forget to share this guide if it was helpful 😁

Recommended: How to withdraw money from Exodus to bank

Withdrawing Cash from Coinbase using PayPal

As shown above, withdrawing cash from Coinbase is a straightforward process that can be done in just a few steps. You can withdraw cash directly to your bank account or use PayPal to transfer funds. If you choose to withdraw to your bank account, you’ll need to add your bank account details to your Coinbase account. Once your account is verified, you can initiate a withdrawal and the funds should arrive in your bank account within a few days.

Alternatively, using PayPal to withdraw funds offers a convenient and trusted option. You can link your PayPal account to Coinbase and transfer funds to your PayPal balance(for free). From there, you can easily withdraw the funds to your bank account or use them for online purchases. Overall, withdrawing cash from Coinbase is a seamless process that offers flexibility and choice for users.

👉 Get a free account at Coinbase here

FAQ – Withdraw From Exodus to PayPal

Can You Directly Withdraw Money from Exodus?

Unfortunately, there isn’t a direct way to transfer your funds from Exodus to an external bank account. The main reason for this is that Exodus is connected to a blockchain network and runs autonomously. At the moment, banks can’t deal with decentralized technology or non-custodial wallets.

As a result, it’s necessary to send your funds from Exodus to a major cryptocurrency exchange to cash out from crypto. In other words, ‘to get money out of my Exodus’ you need a centralized crypto exchange like Coinbase.

How Do I Convert Crypto to PayPal?

As explained earlier in this guide, you can use Coinbase to sell your cryptos for money. After that, you can use the ‘cash out option‘ and choose PayPal as a destination.

Can I withdraw Crypto to PayPal?

Yes, it’s possible to withdraw crypto to PayPal directly. At the end of 2020, PayPal added crypto wallets to its platform. However, this option is only allowed for US customers and only supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

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