PayPal Cryptocurrency Terms and Conditions (2024)

CRYPTO ASSETS ARE NOT INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC), THE SECURITIES INVESTOR PROTECTION CORPORATION (SIPC) OR ANY OTHER PUBLIC OR PRIVATE INSURER, INCLUDING AGAINST CYBER THEFT OR THEFT BY OTHER MEANS. CRYPTOCURRENCY ACTIVITY IS NOT A REGULATED ACTIVITY IN MANY STATES, INCLUDING CALIFORNIA. THE VALUE OF CRYPTO ASSETS CAN BE EXTREMELY VOLATILE AND UNPREDICTABLE, WHICH CAN RESULT IN SIGNIFICANT LOSSES IN A SHORT TIME, INCLUDING POSSIBLY A LOSS OF TOTAL VALUE. THE PRICE AND LIQUIDITY OF CRYPTO ASSETS HAS BEEN SUBJECT TO LARGE FLUCTUATIONS IN THE PAST AND MAY BE SUBJECT TO LARGE FLUCTUATIONS IN THE FUTURE.BUYING AND SELLINGCRYPTO ASSETS IS INHERENTLY RISKY, AND YOU SHOULD CONSIDER THE RISKS BEFORE DECIDING TO BUY OR SELL CRYPTO ASSETS, INCLUDING THOSE PROVIDED IN OURRISK DISCLOSURESANDSTATE DISCLOSURESSECTIONS BELOW.

IF YOU HAVE QUESTIONS OR CONCERNS REGARDING YOUR CRYPTO CURRENCIES HUB, YOUR CRYPTO ASSETS, OUR SERVICE PROVIDER(S), OR RELATED TRANSACTIONS OR ACCOUNT ACTIVITY, PLEASECONTACT PAYPAL CUSTOMER SERVICEOR CALL: (888) 221-1161. YOU CAN ALSO WRITE TO: PAYPAL, ATTN: CRYPTOCURRENCY SUPPORT, P.O. BOX 45950, OMAHA, NE 68145-0950.

These terms and conditions ("Cryptocurrency Terms") are between you and PayPal, Inc. and govern your use of the portion of your PayPal Balance account ("Balance Account") where you can buy, sell, hold, receive, send, and learn about cryptocurrency (your "Cryptocurrencies Hub") and the services available in your Cryptocurrencies Hub. The Balance Account refers to a PayPal Balance account.

You must be an individual and resident of the United States or one of its territories and at least 18 years old, or the age of majority in your state or territory of residence, to access the Cryptocurrencies Hub within your Balance Account and use the related services. If you are a Hawaii resident, you are not permitted to access the Cryptocurrencies Hub at this time.

By accessing and using the Cryptocurrencies Hub, you agree to comply with all aspects of these Cryptocurrency Terms. Your Cryptocurrencies Hub is subject to theAgreement to Arbitrateon an individual basis that governs your entire Balance Account relationship. You also agree to comply with the following additional policies:

PayPal Account User Agreement

Privacy Statement

Acceptable Use Policy

Electronic Communications Delivery Policy (E-Sign Disclosure and Consent)

PayPal Balance Terms and Conditions

Please read carefully all of these Cryptocurrency Terms and each of the other agreements and policies that apply to you, including ourPrivacy Statement, which applies to the transaction and activity data we collect involving your Cryptocurrencies Hub. As your Cryptocurrencies Hub is part of your Balance Account, thePayPal Balance Terms and Conditionsapply to your Cryptocurrencies Hub, except as described in these Cryptocurrency Terms. If there is any conflict between thePayPal Balance Terms and Conditionsand these Cryptocurrency Terms, these Cryptocurrency Terms will govern and apply.

We may revise these Cryptocurrency Terms and any of the agreements and policies listed above from time to time. The revised version will be effective at the time we post it, unless otherwise noted. If our changes to these Cryptocurrency Terms reduce your rights or increase your responsibilities, we will post a notice on thePolicy Updatespage of our website and provide you at least 21 days' advance notice, or such longer period as required by law. By continuing to use our services, including by holding Crypto Assets (as defined below), after any change to these Cryptocurrency Terms, you agree to abide and be bound by those changes. If you do not agree with any changes to these Cryptocurrency Terms, you must sell or transfer your Crypto Assets and stop accessing your Cryptocurrencies Hub. If there is a hold on your account you may be able to sell, but not transfer, your Crypto Assets. Please note that there may betax consequenceswhen you sell, and in certain situations when you transfer, your Crypto Assets.

If you establish and access the Cryptocurrencies Hub, you will be able to hold a Crypto Asset balance, and buy, sell, receive, and send Crypto Assets, including in transactions where the proceeds from a sale of Crypto Assets will be used to pay for purchases through PayPal. You will not hold the digital Crypto Assets themselves in your Crypto Asset balance. Some custody, trading and transfer services for Crypto Assets are performed for us by our licensed service provider, Paxos Trust Company, LLC, or other appropriately licensed or otherwise authorized service provider ("Service Provider"). Your use of the Cryptocurrencies Hub may depend on you having a personal PayPal account and a Balance Account in good standing, and you can only use your Cryptocurrencies Hub as part of your Balance Account by accessing it through your personal PayPal account. If you are a Hawaii resident, we will not allow you to establish a Cryptocurrencies Hub at this time.

We will automatically link your Cryptocurrencies Hub to your personal PayPal account. Your login credentials for your personal PayPal account act as the credentials to access your Cryptocurrencies Hub as part of your Balance Account.

Before you are able to first access your Cryptocurrencies Hub, we must verify or have previously verified the required identifying information that you provide to us. Therequired identifying information is: name, physical address, date of birth and taxpayer identification number. We may require additional information from you from time to time in order to verify the required identifying information, such as a copy of your government issued photo ID or evidence of your residency, like a utility bill. For some uses of your Cryptocurrencies Hub we may request that you provide a picture of your face or other biometric information for identity verification purposes. If required, we will offer you an alternative to providing biometric information.

You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your Cryptocurrencies Hub and the PayPal services. You agree to keep your physical address, mailing address, email address and other personal information current in your PayPal profile.

You must close your Balance Account in order to close your Cryptocurrencies Hub. You can close your Balance Account and Cryptocurrencies Hub without closing your personal PayPal account. Closing your personal PayPal account or Balance Account will automatically close your Cryptocurrencies Hub. You can view more information about what happens if PayPalcloses your Cryptocurrencies Hub here.

Please note that there may be tax consequences from any gain or loss you incur when you sell your Crypto Assets, when you transfer Crypto Assets in exchange for goods or services, or from the receipt of new cryptocurrency through an airdrop following a fork (as defined below) that PayPal supports. You can terminate your relationship with us at any time without cost, but you will remain liable for all obligations related to your Cryptocurrencies Hub, Balance Account and personal PayPal account even after those accounts are closed. You mustsellortransferany Crypto Assets in your Cryptocurrencies Hub before closing your Balance Account and Cryptocurrencies Hub.

As described in more detail below, here are some things you can do with the Cryptocurrencies Hub:

• Buy Crypto Assets;
• Hold Crypto Assets;
• Sell Crypto Assets, including to use the proceeds to pay for purchases through your PayPal account;
• Send Crypto Assets;
• Receive Crypto Assets; and
• View market information and educational content.

Some or all features of the Cryptocurrencies Hub may be not available in some U.S. locations.

The term "Crypto Assets" means the particular digital assets that PayPal supports and that you may buy, sell and hold using your Cryptocurrencies Hub. The list of Crypto Assets supported by PayPal at any given time can be found in your Cryptocurrencies Hub. You cannot use your Cryptocurrency Hub to hold any digital assets other than the supported Crypto Assets.

You should not attempt to use your Cryptocurrency Hub to hold, receive or request any digital assets other than the Crypto Assets supported by PayPal. If you attempt to receive or hold digital assets in your Cryptocurrencies Hub that are not supported by PayPal, or someone attempts to send such unsupported digital assets to you (including via an airdrop), they will be permanently lost.PayPal is not responsible or liable to you for any losses or damages which may occur as a result of any attempt to use the Cryptocurrencies Hub with any digital asset we do not support.

Any balance in your Cryptocurrencies Hub represents your ownership of the amount of each type of Crypto Asset shown. PayPal combines your Crypto Asset balance with the Crypto Asset balances of other PayPal accountholders and holds those Crypto Assets in one or more omnibus accounts, directly or with a Service Provider. We keep a record of your interest in any omnibus account based on the amount of each type of Crypto Asset that is reflected in your balance. You do not own any specific, identifiable, Crypto Asset. These Crypto Assets are held apart from PayPal's corporate assets and PayPal will not use these assets for its operating expenses or any other corporate or business purposes, nor will it voluntarily make these Crypto Assets available to its creditors in the event of bankruptcy.

When you view your Cryptocurrencies Hub balance, we will show you the amount of each type of Crypto Asset you own, as well as a U.S. dollar equivalent value of those Crypto Assets. The price of Crypto Assets will rise and fall over time, and the price may sometimes change quickly and dramatically. So, even if the number of each type of Crypto Assets you hold remains the same, the U.S. dollar equivalent value will change as the market price of each Crypto Asset fluctuates. The U.S. dollar value we display is an estimate based on market data from our trading Service Provider. The value we show is the midpoint between the lowest recent sale price at which the applicable cryptocurrency was offered for sale and the highest recent price at which that same cryptocurrency was purchased, as reported by the Service Provider. This estimate does not represent the value you will receive if you actually sell your Crypto Assets or the price you will pay to buy more Crypto Assets and does not include our spread or fees.

You may use your Cryptocurrencies Hub to buy Crypto Assets using the following funding sources:

• a balance held in your Balance Account;
• a bank account in your name linked to your personal PayPal account; or
• a debit card in your name linked to your personal PayPal account.

We do not currently allow use of a credit card or other credit products (including, without limitation, those offered by PayPal) to purchase Crypto Assets.

To buy Crypto Assets, PayPal will first show you the amount of Crypto Assets you would receive in exchange for the amount of money that you wish to spend. Because the price of Crypto Assets fluctuates, the price we provide will only be valid for a limited time. If the price we provided expires, you won't be able to complete your transaction at that price. If you still want to buy Crypto Assets, we will provide you with updated pricing information. The updated price you see may be much higher than a price that just expired. This is because Crypto Assets are inherently volatile. Please read theRISK DISCLOSURESfor more information. Once you confirm your transaction, we will then execute your purchase with our trading Service Provider.

Once you confirm your purchase, your transaction is not reversible. If we cannot complete your purchase for any reason, we will notify you. Once your transaction is complete, we will email you a receipt. You may also see your transaction history in your Balance Account.

When you buy Crypto Assets, you agree that you have enough available funds in your selected funding source to complete your purchase. If we are not able to collect the required funds to complete your purchase from your selected funding source, you authorize us to:

• stop your purchase so that you are not able to buy Crypto Assets in that transaction,
• debit any other balance you hold in your Balance Account (including your other Crypto Assets) for the greater of (i) the purchase price of the Crypto Assets or (ii) the sale price of the Crypto Assets you have sold for which we did not receive payment,
• debit any other funding source you have linked to your personal PayPal account,
• remove the Crypto Assets from your Cryptocurrencies Hub for which we did not receive payment; and/or
• take any other action that we deem necessary to collect payment for your transaction, as allowed or required by relevant laws and regulations.

When you use your Cryptocurrencies Hub to sell your Crypto Assets, we will deliver the proceeds from the sale into your Balance Account balance. The timing of transfers of proceeds may be affected byholds or limitationswe place on your Balance Account, including specific holds or limitations with respect to the proceeds of the sale of your Crypto Assets.

To sell Crypto Assets, PayPal will first show you the amount of money for which the Crypto Assets would be sold. Because the price of Crypto Assets fluctuates, the price we provide will only be valid for a limited time. If the price we provided expires, you won't be able to complete your transaction at that price. If you still want to sell your Crypto Assets, we will provide you updated pricing information. The updated price you see may be much lower than a price that just expired. This is because Crypto Assets are inherently volatile. Please read theRISK DISCLOSURESfor more information. Once you confirm your transaction, we will execute your sale with our trading Service Provider.

Once you confirm your sale, your transaction is not reversible. If we cannot complete your sale for any reason, we will notify you. Once your transaction is complete, we will email you a receipt. You may also see your transaction history in your Balance Account.

You may sell your Crypto Assets and use the proceeds to pay for purchases using your Balance Account (“Checkout with Crypto”). Checkout with Crypto may not be available as a funding option for all merchants, customers, or purchases. If your purchase qualifies for Checkout with Crypto, each of your Crypto Asset types will appear, along with other means of payment linked to your PayPal account, as funding options to pay for the purchase. You can use your Crypto Assets just like any other funding source, but you will be asked to sell your Crypto Assets and apply the proceeds to your purchase.

First, Crypto Assets will be sold for U.S. dollars in the amount of your cart total at the moment you select Crypto Assets as a funding source. All of the provisions of these Cryptocurrency Terms that apply to direct sales of your Crypto Assets also apply to the sale of Crypto Assets to Checkout with Crypto, including that the price you will see for selling your Crypto Assets will only be valid for a limited time. The proceeds from this sale will be delivered into your Balance Account.

Second, the amount delivered into your U.S. dollar Balance Account will be used to fund the purchase.If you sell Crypto Assets during the Checkout with Crypto process, but do not complete the purchase for any reason, the U.S. dollar proceeds of the sale will remain in your Balance Account. If you complete your purchase, but incur any additional taxes, expedited shipping fees, or other costs from the merchant after selling your Crypto Assets, PayPal will charge your remaining Balance Account balance, and then your backup payment method for those charges. You will be able to see your backup payment method before you Checkout with Crypto. Because your transaction amount may change after you sell Crypto Assets, or because you may be unable to sell Crypto Assets, whenever you request to sell Crypto Assets for a purchase, you also agree that PayPal may charge up to the full payment amount to your backup method.

ThePayPal Balance Terms and Conditionsapply to purchases made via Checkout with Crypto to the same extent as any other Balance Account transaction. The Transaction IDs for the Crypto Asset sale and for your purchase using U.S. dollars via the Balance Account will be linked in your PayPal account for convenient tracking.

Please note that all sales of Crypto Assets to Checkout with Crypto are paid inU.S. dollars. If you are making a purchase in another currency, your U.S. dollars will then need be exchanged for that currency and the provisions of yourPayPal Account User AgreementandPayPal Balance Terms and Conditionsrelated to currency conversion will apply. As disclosed in those agreements, PayPal earns income on the foreign currency conversion rate spreads it charges on these transactions and may charge an additional transaction fee for this foreign currency conversion.

Remember that sales of Crypto Assets may have tax consequences. Be sure to consider any tax implications before using Crypto Assets as a funding source for purchases. Refunds for any transactions processed to Checkout with Crypto generally will be provided in U.S. dollars, and in all cases will be provided in cash, not cryptocurrency. Cash refunds will be added to your Balance Account balance.

You can use your Cryptocurrencies Hub to send Crypto Assets to another digital asset wallet you control or to someone you know.

There are two types of send transactions:

• Internal Transfers: A transfer to another PayPal Cryptocurrencies Hub.
• External Transfer: A transfer to a digital wallet outside of PayPal.

Internal Transfers

You can send Crypto Assets to the PayPal account of a third party such as a friend or family member. If the person to whom you are sending Crypto Assets has not already set up a Cryptocurrencies Hub, they can claim their Crypto Assets by setting up their Cryptocurrencies Hub. If they don’t claim their Crypto Assets within 30 days, the Crypto Assets will be returned to you. You should carefully verify that you are providing the correct recipient information to PayPal.PayPal is not responsible for any losses you may incur as a result of you providing incorrect recipient information, such as the incorrect username, phone number, or email address.

External Transfers

You can send Crypto Assets to an external digital asset wallet that you own and control, or to an external digital asset wallet owned and controlled by another person, such as a friend or family member. In order to send Crypto Assets outside of PayPal, you will need to provide the wallet address where you want to send the Crypto Assets.

You should carefully verify that you have provided the correct destination wallet information to PayPal prior to submitting your external transfer.Providing the incorrect destination wallet information will result in your Crypto Assets not being delivered to your intended recipient and being irretrievably lost.You are solely responsible for providing the correct transaction information to PayPal.PayPal is not responsible or liable for any losses you may incur as a result of you providing the incorrect wallet information.

You will also need to use a destination wallet address for the type of Crypto Asset being sent.There are different wallet addresses for each type of Crypto Asset. For example, if you are sending Bitcoin, you must use a destination wallet address designated for Bitcoin—you cannot use a destination wallet address designated for Bitcoin Cash, Ethereum or any other Crypto Asset.Using the wrong destination wallet addresswill result in the transmitted Crypto Asset being irretrievably lost. PayPal is not responsible for losses or other damages resulting from the use of the wrong destination wallet address type.

Once you submit your transfer, the transfer will remain unconfirmed and pending until the cryptocurrency network confirms the transfer. You can read more about network confirmations, including the number of confirmations required for PayPal to reflect a transaction as complete in ourhelp center. If your transaction is not submitted to the cryptocurrency network for confirmation, we will notify you.Even when a transfer is unconfirmed and pending, the transfer is irreversible.PayPal does not own or control the cryptocurrency networks, and PayPal makes no guarantee that an external Crypto Asset transfer will be confirmed by the network. At the time your transaction is reflected as “confirmed” by PayPal, your recipient’s wallet provider may still require additional confirmations by the cryptocurrency network before reflecting the transfer.

You will be charged a network fee in order to send Crypto Assets to an external digital wallet. If the amount of Crypto Assets in your Cryptocurrencies Hub is less than the applicable network fee, you will not be able to transfer your Crypto Assets. Information on network fees can be found in theInformation on Fees and Pricingsection below.

When using a supported external cryptocurrency wallet provider, you may see a button that allows you to log into your PayPal account to purchase Crypto Assets in your Cryptocurrencies Hub and/or send cryptocurrencies to the supported wallet in a single transaction. This feature is only available for supported cryptocurrency wallets and for supported Crypto Assets, which may not include all of the Crypto Assets you can buy and hold in your Cryptocurrencies Hub. The supported wallet will provide the wallet address for us to send the purchased Crypto Assets.You should carefully confirm that address. PayPal is not responsible or liable for any losses you may incur if we receive incorrect wallet information.

Our terms forBuying Crypto AssetsandExternal Transfersapply to these transactions, EXCEPT that if PayPal is unable to submit your transfer to the cryptocurrency network due to issues with the cryptocurrency network, our ability to interface with our service provider(s), system downtime, timing out of the transaction or other similar technical reasons, we will reverse your Crypto Asset purchase and return the funds to you.

When you choose to purchase Crypto Assets to send in a single transaction to a supported external cryptocurrency wallet, you will also be required to purchase Crypto Assets to cover the Network Fee of the external transfer. Please see theInformation on Fees and Pricingsection for more information on these fees. PayPal will also charge you a fee in U.S. Dollars for each transaction. Seeherefor our fees for this service.

You can use your Cryptocurrencies Hub to receive Crypto Assets from an external digital asset wallet you control or that is owned by any other person you know. You may also receive Crypto Assets from another PayPal Cryptocurrencies Hub. You cannot access any Crypto Assets that PayPal does not support.If you attempt to receive any Crypto Assets that PayPal does not support, they will be irretrievably lost and PayPal is not responsible or liable to you for any losses or damages that arise.

Other PayPal users can send you Crypto Assets using your username, phone number or email address. In order to receive Crypto Assets from an external digital asset wallet, the sender will need to use your wallet address for the type of Crypto Asset being sent to you.You have different wallet addresses for each type of Crypto Asset. You can get your wallet address for each type of Crypto Asset from your Cryptocurrencies Hub. For example, if you are receiving Bitcoin, you must use the wallet address designated for Bitcoin—you cannot use the wallet address designated for Bitcoin Cash, Ethereum or any other Crypto Asset.Using the wrong wallet addresswill result in the transmitted Crypto Asset being irretrievably lost. PayPal is not responsible for losses or other damages resulting from the use of the wrong wallet address.

When you or another person sends Crypto Assets to your Cryptocurrencies Hub from an external cryptocurrency wallet,the person sending the Crypto Assets is solely responsible for properly executing the transfer on the cryptocurrency network. For example, the person sending the Crypto Assets must enter the correct destination wallet address and pay a sufficient network fee so that the transaction will be successfully recorded. If the sender does not pay a high enough network fee, the transfer may be delayed or may not be confirmed. PayPal does not own or control the cryptocurrency network and will not treat a transfer of Crypto Assets as complete until the transfer is confirmed by the network. PayPal cannot help you to address any delay or loss as the result of the sender paying an insufficient fee or the transfer otherwise not being confirmed by the network.

Crypto Assets sent to you will be reflected as unconfirmed and pending until the cryptocurrency’s network can confirm and complete the transfer. You can read more information on network confirmations, and the number of confirmations required in order for PayPal to reflect a transaction as complete in our educational content andhelp center.

PayPal will review Crypto Assets sent to you, including for risk holds, sanctions screening, and other compliance and risk considerations. Crypto Assets will not be credited to you until they pass PayPal’s risk and compliance review. Crypto Assets credited to your Cryptocurrencies Hub can still become subject to subsequent holds or claims, including holds that limit your ability to transfer or sell Crypto Assets, or transfer or withdraw the proceeds from the sale of the Crypto Assets.

By using your Cryptocurrencies Hub, you agree to pay all applicable exchange rates (including spread) and fees. You will be charged certain fees when you buy, sell and transfer Crypto Assets. Information on pricing and fees can be found on thePayPal Fees page, and thePayPal Balance Long Form Disclosure.PayPaldoes notcharge a fee (but does charge a spread) to sell Crypto Assets when you Checkout with Crypto.

When you transfer Crypto Assets to an external wallet address, you will be charged a fee that is designed to cover the cost of network fees. We will disclose this fee to you before your transfer. Cryptocurrency networks need fees in order to process transfers of Crypto Assets that are broadcast to the network. These fees are often referred to as “network fees” or “gas fees.” The amount of network fees required to process a transfer fluctuates constantly.The fee we will charge you is our estimate of the fee the network will take to process your transfer. The fee that you will pay to us may be higher or lower than the actual fee paid to the network, based on market conditions.If the actual network fee is higher, that amount is PayPal’s or its Service Provider’s responsibility. If the actual network fee is lower, PayPal or its Service Provider will retain the difference. PayPal does not charge network fees for transfers between Cryptocurrency Hubs on PayPal.

When you buy or sell Crypto Assets, PayPal will charge a spread (or margin) between the market price we receive from our trading Service Provider and the price of the Crypto Assets displayed to you. This spread applies when you buy or sell Crypto Assets in exchange for USD. PayPal charges a spread on every Crypto Asset transaction, including sales to Checkout with Crypto. The amount that PayPal makes and the exchange rate provided may be different than what you would pay on other cryptocurrency platforms.

At the time you buy or sell Crypto Assets, we will disclose to you the applicable exchange rate and the amount of fees that you will be charged for that transaction. The exchange rate may include an estimated spread of one-half of one percent (0.50%), provided, however, that the actual spread may be higher or lower based on market conditions. We will not separately calculate or disclose the spread we earn on each transaction.

If you use a linked bank account or debit card as a funding source to buy Crypto Assets, your bank may charge you its own fees, including overdraft fees or insufficient fund fees, if applicable. PayPal is not responsible for any fees that may be charged to you by your bank.

As noted above, if you Checkout with Crypto to pay for a purchase in a foreign currency, we also will earn money on the currency conversion from U.S. dollars to the foreign currency in your Balance Account.

You cannot reverse, cancel or change any transaction once it has been authorized. If your payment method has insufficient funds, you reverse the payment transaction, or we otherwise do not receive payment for your transaction, you authorize us, in our sole discretion, to take any of theActions We May Take for Insufficient Payment for Crypto Assets.

We also reserve the right to not process, to cancel or, to the extent possible, to reverse a transaction, if (i) we believe that the transaction relates to anyRestricted Activities, (ii) we have placed a hold or limitation on your PayPal account (including your Balance Account), (iii) we have suspended your Cryptocurrencies Hub, (iv) we believe the transaction involves money laundering, terrorist financing, fraud or any other type of crime, (v) in response to a subpoena, court order, or other government order or (vi) we believe, in our sole discretion, processing the transaction would expose PayPal, our service providers, or other PayPal users to excessive risk. In such instances, regardless of the reason we have blocked, cancelled or reversed your transaction and regardless of the reason we have lifted or reversed that restriction, we do not guarantee you will be able to reinitiate your transaction at the same price or on the same terms as the transaction that we did not process, or that was cancelled or reversed.

While we will try to complete purchases, sales and transfers of Crypto Assets that you authorize and that comply with these Cryptocurrency Terms, we do not guarantee your ability to buy, sell or transfer Crypto Assets. Your ability to buy, sell or transfer Crypto Assets may be delayed or unavailable due to the availability of the Crypto Asset or funds from your funding source, issues with the trading network or our ability to interface with our service provider(s), system downtime, limitations or suspensions we impose on your Cryptocurrencies Hub in our sole discretion, for required safety, security, or legal reasons, or for other reasons outside PayPal's or any Service Provider's control, and we are not liable to you if we or our Service Provider is unable or delayed in executing your transactions.

Your access to the Cryptocurrencies Hub or your ability to hold, buy, sell, or transfer Crypto Assets, including the price for buying, selling, and transferring can also change or be limited by extraordinary circ*mstances outside our control (for example, fire, flood, accident, riots, war, terrorist act, epidemic, pandemic, quarantine, civil commotion, breakdown of communication facilities, breakdown of web host, breakdown of internet service provider, natural catastrophes, governmental acts or omissions, changes in laws or regulations, national strikes, fire, explosion, generalized lack of availability of raw materials or energy, or extreme financial market conditions), which we either did not reasonably foresee or that happened despite our reasonable precautions ("Extraordinary Circ*mstances"). PayPal will not be liable to you for limits, suspension, delay, or change to your Cryptocurrencies Hub or your inability to transact in Crypto Assets because of Extraordinary Circ*mstances, including any changes in the buy or sell price of Crypto Assets because of Extraordinary Circ*mstances.

PayPal may buy and sell cryptocurrency through service providers acting as market makers providing liquidity (“Liquidity Provider”). A Liquidity Provider may in turn buy and sell cryptocurrency through an affiliated cryptocurrency exchange, provided, however, that (a) the Liquidity Provider trading will always be designed to be revenue-neutral over the long term (i.e. the Liquidity Provider will not profit from these transactions as a whole), and (b) the Liquidity Provider will not use earlier or different access to information about exchange trading from what is available to other participants on the cryptocurrency exchange.

Cryptocurrency assets in a given address are controlled by the private key of the holder of the address. If the private key is compromised or lost, the cryptocurrency assets in that address may be stolen or lost and otherwise unrecoverable.

Crypto Assets are not insured by FDIC, the Securities Investor Protection Corporation (SIPC) or any other public or private insurer, including against cyber theft or theft by other means. Cryptocurrency activity is not a regulated activity in many states, including California. The value of most Crypto Assets can be extremely volatile and unpredictable, which can result in significant losses in a short time.Buying and sellingCrypto Assets is inherently risky, and you should consider the risks before deciding to buy or sell Crypto Assets, including those provided in ourSTATE DISCLOSURESsection below.

Within your Cryptocurrencies Hub, you'll find educational content on cryptocurrency generally, the cryptocurrency market, tax implications of buying and selling cryptocurrency, and the particular Crypto Assets available to buy, sell and transfer through the Cryptocurrencies Hub. The educational information available through your Cryptocurrencies Hub is provided as general educational background. The information is not tailored to individual PayPal users and therefore, is not provided based on your individual financial, investment, tax, legal or educational needs and circ*mstances. The information is not investment, financial, tax, legal or trading advice. The information may include content provided by third parties; we take no responsibility for third-party educational materials.

Within the Cryptocurrencies Hub you will also find information on the market price of the Crypto Assets based on the data shared with us by our trading Service Provider. The market price for Crypto Assets may be different on different marketplaces. The market data that we provide to you is from an external source that we believe to be reliable. However, we do not control the external sources or the data they provide, and we do not always independently verify that the information provided is complete and accurate. Therefore, we cannot and do not guarantee that the information is accurate, complete, timely, or suitable for use, and it may be inaccurate, incomplete or out of date.You should verify all information that you receive before relying upon it, and we have no liability to you if you make decisions based on the market information that you receive from or through us.

All market data and educational content are provided “as-is” and without any representation or warranty, whether express, implied or statutory. PayPal shall have no liability and specifically disclaims all warranties, express or implied, for any market data or educational content on the Cryptocurrencies Hub, or any use thereof.

Neither PayPal nor its service providers (including, without limitation, the Service Provider(s)) provide investment or tax advice to you. You are solely responsible for all decisions to buy, sell, or transfer Crypto Assets through your Cryptocurrencies Hub, including understanding any tax obligations that you may incur. We do not manage your Cryptocurrencies Hub on your behalf. Our sole responsibility is to execute transactions and hold Crypto Assets on your behalf through our Service Provider, in all cases based on your instructions and these Cryptocurrency Terms.

While PayPal may make certain educational content available, it is provided for general background information only and is not specifically tailored to you and your individual needs and circ*mstances and should not be construed as a recommendation. You must determine if any particular purchase or sale of Crypto Assets is appropriate for you, based on your own investment objectives, financial circ*mstances and risk tolerance, and make your own, independent transaction decisions.

The technology that creates cryptocurrency, including your Crypto Assets, is typically governed by underlying software protocols that are open source, which means that anyone can use, copy, modify or distribute them. PayPal does not currently own or control the underlying software protocols and these software protocols can change suddenly and unexpectedly in a way that has a significant impact on your Crypto Assets. Because we don't control this technology, PayPal is not responsible for the operation of the underlying software protocols and cannot guarantee the continued functionality, security or availability of any Crypto Asset. Without assuming any responsibility, PayPal, however, will only support those assets for which PayPal has performed the necessary due diligence.

Software protocols governing a Crypto Asset can experience sudden changes in operating rules that are outside PayPal's control, called "forks." A fork can have a material change on the operation, functionality, value or even name of a Crypto Asset. A fork may result in multiple versions of a Crypto Asset, and each version could have a very different, and possibly lower, value than your Crypto Asset before the fork.

PayPal may or may not support the fork of a Crypto Asset, whether or not the forked Crypto Asset holds any value. In the event of a fork, PayPal may temporarily suspend trading of Crypto Assets in order to determine whether or not it will support any particular fork. In the event of a fork, PayPal will evaluate the feasibility of supporting the fork and determine whether and to what extent any new assets resulting from the fork may be supported and/or allocated. This evaluation will take into account factors such as, but not limited to, the technical issues around supporting a fork, Service Provider dependencies, and legal and regulatory considerations.

If PayPal supports the fork of a Crypto Asset, and the fork is followed by an airdrop of new cryptocurrency that is credited to your PayPal account, your receipt of that cryptocurrency will generally be taxable.

You agree that PayPal is not responsible or liable to you for any losses or damages, including lost profits, which may occur as the result of a change in the underlying software protocol of a Crypto Asset, PayPal's determination to support or not support any particular fork or modified software protocol, and any interruption of trading while PayPal makes such determination. If PayPal determines not to support a fork or modified software protocol, you may never get access to the assets governed by that fork or software protocol.

From time to time, we may, in our discretion, impose limits on the amount of Crypto Assets you can buy, sell (including to Checkout with Crypto) or transfer, which may include limits on the cash value or number of transactions in which you can engage over particular periods of time. Standard transaction limits are as follows:

• Weekly purchase limit: $100,000.00 U.S. dollars
• Weekly send limit: Crypto Assets totaling the equivalent of $10,000.00 U.S. dollars
• Minimum “send” transfer amounts to other PayPal Cryptocurrencies Hubs: Crypto Assets totaling the equivalent of $0.01 U.S. dollar
• Minimum “send” transfer amount to wallet addresses outside of PayPal:
• BCH: 0.01 BCH
• BTC: 0.001 BTC
• ETH: 0.01 ETH
• LTC: 0.01 LTC

We may change the above limits for safety, security or other lawful reasons. You can view your current limits by logging into your personal PayPal account.

You can view your Cryptocurrencies Hub transaction history by logging into your Balance Account. Your Balance Account statement will also include information on your purchase of Crypto Assets, purchases made using Checkout with Crypto, and the proceeds from the sale of your Crypto Assets, as well as your beginning and ending Crypto Asset balance and the fees you paid in connection with your Crypto Asset transactions. Your Balance Account statement may not include all of the details regarding your purchase, sale and transfer of Crypto Assets that are available in your Balance Account transaction history.

In addition to the other Restricted Activities identified in yourPayPal Balance Terms and Conditions, you must not engage in the following Restricted Activities:

• Breach these Cryptocurrency Terms;
• Use what we reasonably believe to be fraudulent funds in order to buy Crypto Assets;
• Initiate any transaction that is not intended to be completed, or is intended to abuse, manipulate, mislead or default other participants in the Crypto Asset market;
• Send or receive Crypto Assets for any unlawful purpose or in relation to any unlawful activity, including in violation of any applicable sanctions regime;
• Engage in any activity that operates to defraud PayPal, other PayPal users, or any other person; or
• Control an account that is linked to another account that has engaged in any of these Restricted Activities.

If we believe that you've engaged in any Restricted Activities, we may take a number of actions to protect PayPal, its customers and others at any time in our sole discretion. In addition to the remedies identified in yourPayPal Balance Terms and Conditions, the actions we may take include, but are not limited to, limiting your access to or use of the Cryptocurrencies Hub, and/or suspending your Cryptocurrencies Hub, immediately and without penalty to us, including limiting your ability to buy, sell or transfer Crypto Assets. You authorize PayPal to seize your Crypto Assets if we believe a transaction relating to those Crypto Assets involves money laundering, terrorist financing, fraud or any other type of crime.

If we close your Balance Account and Cryptocurrencies Hub or terminate your use of the PayPal services for any reason, we'll provide you with notice of our actions. You can find more information on what happens if we close your Cryptocurrencies Hubhere. If you believe we have taken any action in error, pleasecontact PayPal customer serviceor call: (888) 221-1161. You can also write to: PayPal, Attn: Cryptocurrency Support, P.O. Box 45950, Omaha, NE 68145-0950.

You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by PayPal, any PayPal customer, or a third party caused by or arising out of your breach of these Cryptocurrency Terms, and/or your use of the PayPal services.

There may be tax consequences from any gain or loss you incur when you sell your Crypto Assets. Sales of Crypto Assets via Checkout with Crypto are taxable just like all other sales of Crypto Assets. The transfer of Crypto Assets to a third party may also have tax consequences in certain circ*mstances. You should consult your tax professional regarding your specific situation and your reporting of Crypto Assets transactions.

PayPal will provide you any required IRS forms 1099 with respect to the sale of any Crypto Assets (or the receipt of new cryptocurrency resulting from a fork that PayPal supports) for your tax records, and we will report any necessary form 1099 filings to the IRS. As permitted by the IRS, the forms 1099 provided to you will show gross proceeds only, and will not reflect any of your gains or losses on your Crypto Assets transactions. You can access your transaction history and account statements through your PayPal account for purposes of determining any required tax filings or payments.

Although not reported on your forms 1099, your history and statements will include the cost basis of the Crypto Assets you purchased via your Cryptocurrency Hub, and the gain or loss which occurred upon the sale of those Crypto Assets. PayPal will use highest-in-first-out (“HIFO”) method to calculate gains and losses when you sell a Crypto Asset purchased via your Cryptocurrencies Hub. This means that the gains and loss calculation will attribute Crypto Assets sold in order from the highest to lowest cost basis value (i.e., based on the acquisition value of Crypto Assets that you purchased through your Cryptocurrencies Hub). We will not be able to calculate gains or losses on Crypto Assets that have been transferred to your Cryptocurrencies Hub, including Crypto Assets that have been transferred from another PayPal account. We do not have access to and will not provide information regarding the cost basis in Crypto Assets that are transferred to your Cryptocurrency Hub. You are responsible for maintaining your own cost basis records. PayPal is not liable for any errors or omissions in any tax information (such as cost basis) that PayPal is not required to report to the IRS on an applicable form 1099.

PayPal will protect you from unauthorized activity involving thepurchaseorsaleof Crypto Assets in your Cryptocurrencies Hub, including for unauthorized sales used to Checkout with Crypto. When this protection applies, PayPal will cover youfor the full amount of unauthorized purchase or sale activity, as long as you cooperate with us, and follow the procedures described below.

PayPal also works to prevent unauthorizedtransfersof Crypto Assets, and will reimburse you for unauthorized transfers out of your Cryptocurrencies Hub in the form and quantity of the Crypto Asset that was removed from your account,up to a maximum lifetime cap of an equivalent of $50,000.00 U.S. dollars over the life of the accountholder(based on the U.S. Dollar value of the Crypto Asset at the time of the unauthorized transaction), as long as you cooperate with us, and follow the procedures described below.

Any reimbursem*nt you receive from PayPal represents a warranty of our own services. PayPal does not provide insurance and does not insure you against loss of your crypto assets.

What is an Unauthorized Transaction

An “Unauthorized Transaction” occurs when (i) Crypto Assets are purchased within your Balance Account that you did not authorize and do not benefit you or (ii) Crypto Assets from your Balance Account are sold or transferred in transactions that you did not authorize and do not benefit you. For example, if someone steals the password to your personal PayPal account, uses the password to access your Cryptocurrencies Hub, and sells your Crypto Assets, an Unauthorized Transaction has occurred.

What is not considered an Unauthorized Transaction

It is NOT an Unauthorized Transaction if you grant authority to someone to use your Cryptocurrencies Hub (by giving them your PayPal account login information) and they exceed the authority you gave them. You are responsible for transactions made in this situation unless you have previously notified PayPal that you no longer authorize transfers by that individual.

Requirements for Protection for an Unauthorized Transaction

PayPal may limit your ability to sell or send Crypto Assets that you claim were purchased or sent to you without your authorization. If PayPal has not limited your ability to sell or transfer these Crypto Assets, you still may not sell or transfer those unauthorized Crypto Assets before you report the unauthorized purchase to PayPal or while PayPal investigates your claim.

If you sell or transfer any Crypto Assets that you claim you did not purchase (including using such Crypto Assets to Checkout with Crypto), PayPal will deny your claim for those sold or transferred Crypto Assets. You will not be able to recover any funds used to purchase the sold or transferred Crypto Assets. We will continue to address your claim for any disputed Crypto Assets that you did not sell or transfer.

Reporting an Unauthorized Transaction

If you believe there has been an unauthorized purchase, sale, or transfer of Crypto Assets in your Cryptocurrencies Hub, pleasecontact PayPal customer serviceimmediately or call: (888) 221-1161 or write: PayPal, Attn: Error Resolution Department, P.O. Box 45950, Omaha, NE 68145-0950.

Tell us AT ONCE if you believe that a purchase, sale or transfer of Crypto Assets has been made without your permission using your login information or by other means. You could lose all the Crypto Assets in your Cryptocurrencies Hub. If you tell us within 60 days after we provide you your PayPal Balance Account statements showing purchases, sales or transfers you did not make, we will reimburse you for the full amount of the reported Unauthorized Transactions, provided that for Unauthorized Transactions that are transfers, you will be eligible for reimbursem*nt in the form and quantity of the Crypto Asset that was removed from your account, up to the lifetime cap of the equivalent of $50,000.00 USD, (based on the U.S. Dollar value of the Crypto Asset at the time of the unauthorized transaction).

Also, if your Balance Account statement shows purchases, sales, or transfers of Crypto Assets that you did not make, including those made with your PayPal login information or by other means, tell us at once. If you do not tell us within 60 days after we provided the statement to you, you may not get back any Crypto Assets or money you lost after the 60 days if we can prove that we could have stopped someone from taking the Crypto Assets if you had told us in time. If a good reason (such as a long trip or a hospital stay) kept you from telling us, we may extend the time periods.

Error Resolution

What is an Error:

An “Error” means the following:

• We either take an incorrect amount of Crypto Assets from your Cryptocurrencies Hub or place an incorrect amount into your Cryptocurrencies Hub.
• You are charged an incorrect amount of money when you purchase Crypto Assets, or you are credited an incorrect amount of money when you sell Crypto Assets (including for Checkout with Crypto).
• A transaction related to your Crypto Assets is missing from or not properly identified in your Balance Account statement.
• We make a computational or mathematical error related to your Cryptocurrencies Hub.
• You request additional information or clarification concerning a transfer to or from your Cryptocurrencies Hub, including a request you make to determine whether an error has occurred.

What is not considered an Error

• You grant authority to someone to use your Cryptocurrencies Hub (by giving them your PayPal account login information) and they exceed the authority you gave them. You are responsible for transactions made in this situation unless you have previously notified PayPal that you no longer authorize transfers by that individual.
• You enter the incorrect recipient information when transferring Crypto Assets, including the incorrect wallet address type.
• Your recipient fails to receive Crypto Assets you attempt to transfer because of a failure or delay of the cryptocurrency network or an action by any institution where your recipient holds a cryptocurrency wallet or account.
• You fail to receive Crypto Assets transferred to you because of a failure or delay of the cryptocurrency network or an action by the sender.
• Other exclusions set forth in theerrors sectionof the PayPal Balance Terms and Conditions.

In case of Errors or questions about your Cryptocurrencies Hub

If you believe there has been an error with respect to your Cryptocurrencies Hub, telephone us at (888) 221-1161, contact us through the PayPal Resolution Center; or write us at PayPal, Attn: Error Resolution Department, P.O. Box 45950, Omaha, NE 68145-0950.

Notify us as soon as you can, if you think your statement or receipt is wrong or if you need more information about a transaction listed on the statement or receipt. We must hear from you no later than 60 days after we sent the FIRST statement on which the problem or error appeared.

• Tell us your name.
• Describe the error or the transaction you are unsure about and explain as clearly as you can why you believe it is an error or why you need more information.
• Tell us the dollar or Crypto Asset amount of the suspected error.

If you tell us orally, we may require that you send us your complaint or question in writing within 10 Business Days.

We will determine whether an error occurred within 45 days after we hear from you and will correct any error promptly. If we ask you to put your complaint or question in writing and we do not receive it within 10 Business Days, we may not credit your Balance Account.

For errors involving new Balance Accounts or Checkout with Crypto, we may take up to 90 days to investigate your complaint or question.

We will tell you the results within 3 Business Days after completing our investigation. If we decide that there was no error, we will send you a written explanation. You may ask for copies of the documents that we used in our investigation.

Processing Errors

We will rectify any processing error that we discover. If the error results in:

• You receiving less than the correct amount of Crypto Assets or funds to which you were entitled, then we will credit your Cryptocurrencies Hub and/or Balance Account for the difference between what you should have received and what you actually received.
• You receiving more than the correct amount of Crypto Assets or funds to which you were entitled, then we will debit your Balance Account for the difference between what you actually received and what you should have received.
• Our not completing a transaction on time or in the correct amount, then we will be responsible to you for your losses or damages directly caused by this failure, unless:
  • through no fault of ours, you did not have enough available Crypto Assets or funds to complete the transaction;
  • our system was not working properly and you knew about the breakdown when you started the transaction;
  • the transaction was not completed or delayed due to the cryptocurrency network or an action or omission by someone other than PayPal or our service providers; or
  • the error was due to extraordinary circ*mstances outside our control (such as fire, flood or loss of Internet connection), despite our reasonable precautions.

Processing errors are not:

• Delays that result from PayPal applyingholds or limitations.
• Delays based on apayment review.
• Your errors in making a transaction (for example, mistyping an amount of Crypto Assets that you are sending or using the wrong destination wallet address type).

Support

If you have other questions or concerns regarding your Cryptocurrencies Hub, your Crypto Assets, our service provider(s), or any related transactions or account activity, pleasecontact PayPal customer serviceor call: (888) 221-1161. You can also write to: PayPal, Attn: Cryptocurrency Support, P.O. Box 45950, Omaha, NE 68145-0950.

Crypto Assets that you Receive in Error or as the Result of an Unauthorized Transaction

PayPal may limit your ability to sell or send Crypto Assets that you claim you received in error. If PayPal has not limited your ability to sell or transfer these Crypto Assets, but you claim an error has caused you to receive Crypto Assets that you did not purchase or that were not intended to be sent to you, you still may not sell or transfer such Crypto Assets before you report the error to PayPal or while PayPal investigates your claim. If you sell or transfer any Crypto Assets that you claim you did not purchase, PayPal will deny your claim for those sold or transferred Crypto Assets.

Even if you do not make a claim, if you receive Crypto Assets in error or as the result of an unauthorized transaction, we may remove those Crypto Assets from your Cryptocurrencies Hub. If you receive Crypto Assets in error or as the result of an Unauthorized Transaction and sell or transfer such Crypto Assets, we may recover from you up to the amount of any sale proceeds or the cash value of the Crypto Assets as of the time you received the Crypto Assets.

If you sell or transfer any Crypto Assets for which you have received a refund (whether from PayPal or any other source such as your bank or card issuer), PayPal may recover from you up to the amount of any refund provided to you.

PayPal may, in its sole discretion and without liability to you, not allow you to establish or access the Cryptocurrencies Hub or suspend, close or terminate your Cryptocurrencies Hub, or place a limitation on the type or amount of activities in which you can engage using your Cryptocurrencies Hub. This may occur if we are unable to verify your identity, you engage in Restricted Activities, pursuant to a court order or other legal process, you violate these Cryptocurrency Terms or another agreement between you and PayPal, we are no longer offering Cryptocurrencies Hubs in your state of residence, or our Service Provider is no longer supporting the Cryptocurrencies Hubs, among other reasons.

Your Cryptocurrencies Hub will also be suspended or terminated if we suspend or terminate your Balance Account pursuant to thePayPal Balance Terms and Conditions. If your Cryptocurrencies Hub is suspended, the Crypto Assets in your account may fluctuate in value and we are not liable for any losses you may incur as a result of those fluctuations.

If we close your Cryptocurrencies Hub, and your account holds Crypto Assets, or if you receive Crypto Assets into an address previously associated with a Cryptocurrencies Hub that has been terminated, you authorize us, in our discretion and at any time, to liquidate the Crypto Assets in your account into U.S. dollars at the price that otherwise applies to the sale of Crypto Assets at that time, or another reasonable price determined by PayPal in its reasonable discretion. You understand that the value of Crypto Assets may rise or fall quickly and that we have no obligation to sell at a time that provides the best price for you. While PayPal will notify you that your account has been closed, regardless of how quickly we sell your Crypto Assets, we have no obligation to give you notice before we sell.

If we liquidate your Crypto Assets, and you have a Balance Account in good standing, we will credit any unrestricted funds to your Balance Account. Please note that there may be tax consequences from any gain or loss you incur if we liquidate your Crypto Assets.

PayPal suspension and termination rights

PayPal, in its sole discretion, reserves the right to suspend or terminate these Cryptocurrency Terms, access to or use of its websites, software, systems (including any networks and servers used to provide any of the PayPal services) operated by us or on our behalf or some or all of the PayPal services.

Security Interest

Except where prohibited by law or regulation, as security for the performance of your obligations under these Cryptocurrency Terms, you grant to PayPal a lien on, and security interest in and to, your Crypto Assets.

Amounts owed to PayPal

If the balance in your Balance Account (including your Cryptocurrencies Hub) becomes negative for any reason, that negative balance represents an amount that you owe to PayPal. In addition to any rights we have under thePayPal Balance Terms and Conditions, you authorize PayPal to sell your Crypto Assets and use the proceeds to pay a negative balance you owe to us in any PayPal account you own.

If we sell your Crypto Asset to pay amounts you owe to us, we will value the Crypto Assets using the price that otherwise applies to the sale of Crypto Assets at that time, or another reasonable price determined by PayPal in its reasonable discretion. You understand that the value of most Crypto Assets may rise or fall quickly and that we have no obligation to sell at a time that provides the best price for you. While PayPal will notify you if you have a negative balance, regardless of how quickly we sell your Crypto Assets, we have no obligation to give you notice before we sell.

No waiver

Our failure to act with respect to a breach of any of your obligations under these Cryptocurrency Terms by you or others does not waive our right to act with respect to subsequent or similar breaches.

No Other Encumbrances

Other than our lien and security interest described above (which PayPal will take on or in your Crypto Assets only if doing so is not prohibited by law or regulation), PayPal will not pledge, hypothecate, assign or otherwise encumber your Crypto Assets.

If you receive Crypto Assets into an address associated with a Balance Account that has been closed, or if you do not log into your Balance Account for two or more years and PayPal closes your Balance Account, you mayCONTACT PAYPAL CUSTOMER SERVICEor call: (888) 221-1161 and request your Crypto Assets. PayPal may send your Crypto Assets to you (minus the applicable network fees) if we have verified the required identifying information that you have provided to us. If required, PayPal may escheat (send) your Crypto Assets, or the funds from liquidating those Crypto Assets in accordance with theSuspension and Account Closuresection, to your state of residency. PayPal will determine your state of residency based on the state listed in the primary address for your PayPal account. If your address is unknown or registered in a foreign country, the Crypto Assets or funds from liquidation of those Crypto Assets will be escheated to the State of Delaware. Where required, PayPal will send you a notice prior to escheating any such assets. If you fail to respond to this notice, such assets will be escheated to the applicable state. If you would like to claim any escheated assets from the applicable state, please contact the applicable state’s unclaimed property administrator.

California Disclosures

• The cryptocurrency services are not regulated by the California Department of Financial Protection and Innovation.

New York Disclosures

• Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to FDIC or Securities Investor Protection Corporation (SIPC) protections.
• Legislative and regulatory changes or actions at the state, federal, or international level may adversely affect the use, transfer, exchange and value of virtual currency.
• Transactions in virtual currency may be irreversible, and accordingly, losses due to fraudulent or accidental transactions may not be recoverable.
• Some virtual currency transactions shall be deemed to be made when recorded on the public ledger, which is not necessarily the date or time the customer initiates the transaction.
• The value of virtual currency may be derived from the continued willingness of market participants to exchange fiat currency for virtual currency, which may result in the potential for permanent or total loss of value of a particular virtual currency should the market for that virtual currency disappear.
• There is no assurance that a person that accepts a virtual currency as payment today will continue to do so in the future.
• The volatility and unpredictability of the price of virtual currency relative to fiat currency may result in significant loss over a short period of time.
• The nature of virtual currency may lead to an increased risk of fraud or cyberattack.
• The nature of virtual currency means that any technological difficulties experienced by PayPal may prevent the access or use of a customer's virtual currency.
• Any bond or trust account maintained by PayPal for the benefit of its customers may not be sufficient to cover all losses incurred by customers.
• All legal documents must be served on PayPal’s registered agent, CT Corporation System; 28 Liberty Street, New York, New York 10005.

Rhode Island Disclosures

• Information on fees and pricing can be found on thePayPal Fees Page.
• Your Crypto Assets are not insured or guaranteed by the FDIC, Securities Investor Protection Corporation (SIPC) or any other public or private insurer, including against cyber theft or theft by other means.
• The transfer, purchase and sale of cryptocurrency is irrevocable. Once you authorize a transaction, you will not be able to revoke your authorization.
• Information about unauthorized transactions and error-resolution can be found in theLiability for Unauthorized Transactions and Errorssection of these terms and conditions.
• You may update your contact information through your personal PayPal account.
• The date or time when a transaction is executed, and your funding device is charged may differ from the date or time when you provided the instruction to authorize the transaction.
• You will receive an email receipt with respect to your purchase and sale of Crypto Assets.
• You have the right to at least thirty (30) days' prior notice of a change in our fee schedule or changes to these terms and conditions.
• Cryptocurrency is not legal tender

Washington Disclosures

• Information on fees and pricing can be found on thePayPal Fees Page.
• Your Crypto Assets are not insured or guaranteed by the FDIC, Securities Investor Protection Corporation (SIPC) or any other public or private insurer, including against cyber theft or theft by other means.
• The transfer, purchase and sale of cryptocurrency is irrevocable.
• Information about unauthorized transactions and error-resolution can be found in theLiability for Unauthorized Transactions and Errorssection of these terms and conditions.
• The nature of cryptocurrency may lead to an increased risk of fraud or cyber-attack and your cryptocurrency value may be irretrievably stolen.