3 Easy Steps to Buy PayPal USD (PYUSD) with South African rands
What is PayPal USD (PYUSD)?
PayPal USD (PYUSD) is a stablecoin launched by PayPal, designed to maintain a 1:1 value with the US dollar. It operates on the Ethereum blockchain as an ERC-20 token, ensuring compatibility with decentralised finance (DeFi) applications, crypto wallets, and exchanges that support the Ethereum network.
This stablecoin is backed by highly liquid assets, including US dollar deposits, short-term US Treasuries, and similar cash equivalents. PYUSD provides a seamless way to make payments, transfer funds, and engage in crypto trading without the volatility typically associated with cryptocurrencies.
How much is 1 PYUSD in South African rands (ZAR)?
As of today, 1 PYUSD = 0.000000 South African Rands (ZAR).
Market data last updated: Dec 18, 2024, 09:11 AM (GMT)
How to Buy PYUSD in South Africa
The easiest way to buy PayPal USD (PYUSD) using South African rands (ZAR) is through VALR, a trusted cryptocurrency exchange. Follow these three simple steps to get started:
Step 1: Log into Your VALR Account
Start by signing into your VALR account through the website or the VALR app on your phone. If you don’t have a VALR account, you can create one here. The verification process is quick and straightforward, taking only a few minutes.
Step 2: Fund Your VALR Account with ZAR
Next, deposit ZAR into your VALR account using a South African bank account or credit/debit card.
For bank transfers:
Go to your ZAR Wallet and select "Deposit."
Choose the "Via EFT" method.
Select your bank and use the displayed VALR banking details along with your unique VR reference number to transfer Rands to your VALR account. Make sure to use your unique VR reference number as the beneficiary reference when making the transaction.
For credit/debit cards:
Select the "Deposit" menu after choosing "Wallet" and "ZAR" on the website or app.
Opt for the "Via Credit or Debit Card" option.
Enter your card details on the next page. Note that only 3D Secure-enabled cards are accepted, with a rolling 24-hour card limit of 10,000 ZAR.
Step 3: Buy PYUSD on VALR
Once your ZAR funds are available in your account, you can now use them to purchase PYUSD. You can choose between:
1. Simple Buy/Sell:
Select “Buy/Sell” on the app or website.
Choose PYUSD as the cryptocurrency to purchase, set ZAR as the payment currency, and enter the desired amount. Complete the trade to receive your PYUSD.
2. Pro Trading:
Access the “PYUSD/ZAR” trading pair in the Pro Trading section.
Set your order type (Market, Limit, Stop-Limit), enter the amount you want to buy, and confirm the transaction.
Ready to get started? Log into VALR or create an account today to buy PYUSD quickly and securely!
Common ZAR to PYUSD Conversions
| Amount (ZAR) | PYUSD Amount as of MMM XX, YYYY at HH XM (GMT) |
|---|---|
| 5 | X.XXXXXX |
| 10 | X.XXXXXX |
| 25 | X.XXXXXX |
| 50 | X.XXXXXX |
| 100 | X.XXXXXX |
| 500 | X.XXXXXX |
| 1,000 | X.XXXXXX |
| 5,000 | X.XXXXXX |
| 10,000 | X.XXXXXX |
| 25,000 | X.XXXXXX |
| 50,000 | X.XXXXXX |
Frequently Asked Questions
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PayPal USD is available on major cryptocurrency exchanges, including VALR. As an ERC-20 token, it is supported globally by wallets and platforms compatible with Ethereum-based assets.
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PYUSD is backed by US dollar reserves, ensuring its 1:1 peg with the US dollar. It can be used for payments, trading, and transferring value globally while benefiting from the transparency and security of blockchain technology.
Risk Disclosure
Trading or investing in crypto assets is risky and may result in the loss of capital as the value may fluctuate.
VALR (Pty) Ltd is a licensed financial services provider (FSP #53308).
