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PayPal Launches U.S.-Only Bitcoin Sweepstakes With Weekly Prizes Through Dec. 21

The holiday promotion seeks to drive crypto activity on PayPal by rewarding eligible trades from U.S. users.

Overview

  • Users earn one entry per on‑platform cryptocurrency transaction, up to 10 per week, or via a free mail‑in option, with PYUSD transactions excluded.
  • The campaign will award 1,008 prizes, including a $100,000 Bitcoin grand prize, five $10,000 prizes, and 162 $500 prizes, with weekly distributions through December 21, 2025.
  • Eligibility is limited to U.S. residents using PayPal’s crypto features, which support Bitcoin, Ether, Litecoin, Solana, Chainlink, and PYUSD.
  • Winners are notified by email and must respond within five business days to claim their prizes under the published rules.
  • Prize recipients are responsible for U.S. tax reporting to the IRS, and participants are urged to watch for phishing and fake giveaway scams by verifying official communications.