PayPal Unveils $1.386M Bitcoin Sweepstakes for US Users

PayPal is running a $1.386 million Bitcoin sweepstakes for US users until December 21, 2025, offering 1,008 weekly prizes. Entries are earned via crypto transactions or free mail-in, with winners notified by email.

PayPal has launched a Bitcoin sweepstakes for US residents, running from November 17 to December 21, 2025, with a total prize pool of $1.386 million in BTC. The promotion features 1,008 prizes, including a top prize of $100,000 in Bitcoin, five additional $10,000 prizes, and hundreds of $500 prizes, distributed weekly. Participants can enter by making a minimum $1 purchase of eligible cryptocurrencies—Bitcoin, Ethereum, Solana, Litecoin, Chainlink, and Bitcoin Cash—on PayPal, with each transaction earning one entry per week, up to 10 entries. Alternatively, users can enter for free by mailing in a handwritten entry. Winners are selected randomly in weekly draws and notified by email, with stricter identity checks for higher-tier prizes. The initiative aims to boost engagement with PayPal’s crypto services and is compliant with US sweepstakes regulations. Some users have expressed skepticism about the promotion, but it is officially listed on PayPal’s website.