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To buy bitcoins with PayPal is simple and fast. Simply find an exchange that allows PayPal to Bitcoin, deposit money and then purchase bitcoin.
Once you buy the bitcoins and have them in your wallet, you can send them, sell them or trade them easily.
In our testing and review, we found three solid exchange choices for purchasing bitcoins via PayPal online.
PayPal started offering crypto to its customers in 2020. In our testing, buying with PayPal works fast but has high fees:
| Purchase amount | Fee |
|---|---|
| 1 – 4.99 USD | 0.49 USD |
| 5 – 24.99 USD | 0.99 USD |
| 25 – 74.99 USD | 1.99 USD |
| 75 – 200 USD | 2.49 USD |
| 200 – 1000 USD | 1.80% |
| 1000.01 USD + | 1.50% |
There are no fees for transferring crypto into PayPal, or to another PayPal or Venmo user.
You should see the option for cryptocurrency in the top right of the dashboard, next to 'Send' and 'Request'.
Or choose any of the other coins listed.
Enter an amount of dollars you want to spend on Bitcoin or choose a pre-set amount below.
You likely already have you bank account linked to you PayPal account, but you can also hook up another method if you don't want to use your bank account.
After finalizing your purchase, you will be taken to a confirmation screen and you should see your coins reflected in your PayPal account dashboard.
PayPal also allows you to acquire PUSD. PayPal PUSD is a stablecoin tied to the US dollar, providing a stable alternative to volatile cryptocurrencies. As of now, it's only available for US customers with plans for global expansion down the line.
You should see the option for crypto near the top.
Note that you mut verify your identity with the settings of the app, and you still may not see a crypto option, as it is being rolled out slowly.
Or choose any of the other coins listed.
For Venmo, you can use your existing Venmo balance to pay for the bitcoins or add funds to you venmo account.
And that's basically all there is to it!
First, you'll need to sign up on an exchange that accepts PayPal and create an account. You'll need to have an email and phone number ready, as you'll likely need to confirm both.
Customers (except Hawaii) can buy, sell and hold four cryptocurrencies on PayPal: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.
Answer: No, as of now Binance does not work with PayPal for buying or selling.
Answer: Yes, PayPal offers a free built-in Bitcoin and crypto wallet. It also supports Ethereum, Litecoin and Bitcoin Cash.
Answer: Yes, PayPal offers addresses as part of its built-in crypto wallet.
Answer: PayPal offers Ethereum but not Ripple (XRP).
Answer: No, as you are required to verify your ID and do KYC in order to buy.
Answer: PayPal only supports personal accounts at this time, and not business accounts.
Last year, Venmo announced it would be adding Bitcoin and a few other cryptos to its platform.
This allows their 70 million users to buy Bitcoin directly after going through a short verification process.
The interesting thing about Venmo Bitcoin purchases is that users can use their existing Venmo balance to make the buy instantly. However, like PayPal, users cannot withdraw the Bitcoin from their Venmo wallet.
See our tutorial above, where we downloaded the Venmo app and tested buying crypto. Having used the Venmo app to buy bitcoin, I'm happy to report it's easy to buy and also send to friends.
Compared to buying with PayPal, it is a more smooth process. A co-work watched me test also felt the process was quick.
You can't fund your PayPal account using Bitcoin from within PayPal.
However:
Using an exchange like Coinbase you can sell bitcoins to your PayPal account.
No, you can only sell bitcoins from your Coinbase account TO PayPal.
eToro requires ID to purchase although you may be required to use a verified PayPal account.
xCoins is an exchange that focuses on connecting lenders to buyers. Lenders fund their account with Bitcoin, and then select their interest rate. Buyers select from an array of loans, choose the one is suited for them, then pay with their preferred payment method such as PayPal.
Paxful used to be another way to buy bitcoin with PayPal, but it is now shut down.
Yes of course!
As mentioned above, you can sell cryptocurrencies to Coinbase or on LocalBitcoins and receive cash to your PayPal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.
Yes, PayPal and eToro all support multiple cryptocurrencies you can buy using PayPal.
PayPal will let you buy:
eToro allows you to buy:
You can also use this method to buy bitcoins and then trade the bitcoins for another cryptocurrency using an exchange like Poloniex or Kraken.
Answer: Yes, Coinbase allows US and international customers to use the debit cards and bank accounts connected to their PayPal accounts to purchase Bitcoin on their platform.
Answer: No, Poloniex only deals with cryptocurrency and does not accept deposits using credit card, bank account transfer, cash or PayPal.
Answer: Kraken is currently one of the biggest crypto exchanges and many people want to know if it accepts deposits via PayPal.
Well, the answer is no. Kraken accepts bank transfers, SWIFT, SEPA and ACH.
Answer: No, Coinmama only accepts bank transfers, SWIFT, SEPA, credit card, debit card and ACH.
Binance - Binance used to be popular, but now long supports PayPal.
Local Exchanges: We tested local exchanges, but didn't determine that local exchanges had proper scam prevention features.
eToro is one of the most popular methods for PayPal. The company has been around since 2007, seriving other clients before it introduced crypto trading in 2013.
PayPal.com direct buying is ONLY available in the USA. Customers in the USA (besides Hawaii) can easily buy bitcoin and other crypto on PayPal.
Coinbase one of the largest exchanges that supports buying and selling with PayPal. Coinbase has over 100 million users.
Residents of many countries can buy bitcoins and crypto fast and easily using Coinbase's free app or on its website.
Coinbase offers a free wallet for all of its users.
BuyBitcoinWorldWide writers are subject matter experts and base their articles on firsthand information, like interviews with experts, whitepapers or original studies and experience. We also use trusted research and studies from other well-known sources. You can learn more about our editorial guidelines.
BuyBitcoinWorldwide is dedicated to providing readers with detailed and comprehensive reviews. To list exchanges, we examined each exchange's history, security, fees, customer support, coins supported and its trust. Our goal is to make it easy to make informed decisions about exchanges.
