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To buy bitcoins with PayPal is simple. Find an exchange that allows PayPal to Bitcoin, deposit money, and then purchase bitcoin.
In our testing, we found three solid choices for purchasing bitcoin with PayPal online.
We made a tutorial of how to buy on PayPal.com below. If you want other exchanges, keep reading.
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Here are the exact steps you can use to buy on PayPal.com.
Log in to your PayPal.com account. Once you do that, click the three-dots icon on the right side of the screen. I've indicated the icon in the image below with a red arrow.
Once you have clicked the icon, you should see a new menu come up with crypto at the bottom. I've indicated the "Crypto" button below in a red box. Click the box that says "Crypto".
You should now see a menu with different crypto options. Since we're buying bitcoin in this tutorial, click "Bitcoin". However, you can click on any coin that PayPal offers if you want to buy a coin other than Bitcoin.
Once you click on Bitcoin, you should now see a chart with a big "Buy" button below it. Click the blue buy button.
Once you click the buy button, you will see a field that allows you to enter the amount of Bitcoins you want to buy.
Now, you need to select which payment method you want to use. PayPal will automatically let you use already connected accounts.
PayPal will now ask you to confirm the amount you are buying, with a clear breakdown of the fees and amount of Bitcoin you are getting.
That's it! You bought bitcoin (BTC) using PayPal.
Here's our guide on how to receive crypto into PayPal.com with a crypto address.
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.
In our testing, buying with PayPal works fast but has high fees:
|1 – 4.99 USD
|5 – 24.99 USD
|25 – 74.99 USD
|75 – 200 USD
|200 – 1000 USD
|1000.01 USD +
You should see the option for crypto near the top.
Note that you must 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 your Venmo account.
That's all there is to it!
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. Binance.us was also recently shut down from dealing with USD in the USA.
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 does not support Ripple (XRP).
Answer: No, as you are required to verify your ID and do KYC 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 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-worker who watched me test also felt the process was quick.
You can't fund your PayPal account using Bitcoin from within PayPal.
Using an exchange like Coinbase you can sell bitcoins to your PayPal account.
eToro requires ID to purchase although you may be required to use a verified PayPal account.
Yes of course!
As mentioned above, you can sell cryptocurrencies to Coinbase and receive cash in your PayPal account. This works in the USA and some of Europe. The fee for selling bitcoins to PayPal is 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:
Coinbase 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: The answer is no. Kraken does not accept PayPal. Kraken accepts bank transfers, SWIFT, SEPA and ACH.
Answer: No, Coinmama only accepts bank transfers, SWIFT, SEPA, credit cards, debit cards, 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, serving 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 is 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.
Bitstamp is a respected cryptocurrency exchange that has been operating since 2011. For residents in the US or EU, Bitstamp supports PayPal for Bitcoin purchases when paying with EUR, USD, and GBP.
There's a daily limit of up to $2,500 and a monthly cap of $20,000. A 5% fee is charged on PayPal purchases.
Users cannot directly withdraw money to their PayPal account after selling their Bitcoin; they must choose an alternative fiat withdrawal method.
BuyBitcoinWorldWide writers are subject-matter experts and base their articles on firsthand information, like interviews with experts, white papers 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.