Are you looking for a way to buy cryptocurrencies using PayPal? If so, you're in luck! There are several ways to buy Bitcoin and other cryptocurrencies with PayPal. We'll go over the different methods and provide a step-by-step guide on how to buy cryptocurrencies with PayPal. If you're paranoid about the safety of your cryptocurrencies, we suggest you check out Coinbase and eToro. Both allow you to buy Bitcoins with PayPal instantly and provide wallets in which you can store purchased coins.
However, the buying functions of Coinbase and eToro PayPal are not available in all countries. eToro is a great option for those looking to buy cryptocurrencies with PayPal. It allows its customers to fund their eToro account using PayPal and then makes it easy to buy, sell and trade cryptocurrencies. Typically, eToro supports around 50% of the most popular cryptocurrencies, depending on what geographic location you're in.
eToro charges 1% for buying and selling cryptocurrencies, which is not the option with the lowest fee on the market, but it is still reasonable. Overall, eToro is a very easy to use platform; we even wrote a guide on how to buy bitcoins with eToro in which you can see the steps. Paxful is another great option for those looking to buy cryptocurrencies with PayPal. It's a peer-to-peer cryptocurrency platform that unites people who want to buy with people who want to sell. You can see in the screenshot above that people sell bitcoins and accept payments through PayPal.
Paxful acts as an escrow service in this case, so you transfer the money to Paxful and they act as an intermediary, releasing the funds only when they transfer the cryptocurrencies to you. It's a pretty good service, but it has some drawbacks; Paxful only supports Bitcoin and Ethereum, which is a small range of coins compared to eToro. The fees you'll have to pay to receive Bitcoin via the blockchain plus escrow fees are likely to be higher than simply using a broker (although this varies).In general, we would recommend using eToro to buy crypto with PayPal if you are a casual or intermediate investor. However, if your goal is serious cryptocurrency trading, none of these is an ideal solution. The easiest method would be to buy crypto with Paxful and then transfer it to your Binance or KuCoin wallet and start trading from there. You may have heard that Coinbase accepts PayPal, which is true, but only for withdrawals, which is a little misleading.
If your goal is just to buy a few cryptocurrencies and hold them for the long term (HODL), then eToro is an excellent solution.
How To Buy Cryptocurrencies With PayPalIf these two options aren't enough and you're willing to use other payment methods besides PayPal, read our list of top U. S. crypto exchanges. If you have any questions, feel free to leave a comment below.
CoinbaseThis is incredible news because Coinbase is already one of the easiest exchanges to use to buy cryptocurrencies.
With Paypal added, it makes using Coinbase even easier and expands its growing list of compatible payment methods. Coinbase is available in over 100 countries, so there's a good chance you can use PayPal to buy Bitcoin on yours Coinbase is the only US exchange that supports PayPal purchases for US citizens.
Selling Bitcoins To Your Paypal AccountUsing an exchange like Coinbase you can sell bitcoins to your PayPal account. No, you can only sell bitcoins from your Coinbase account to PayPal. As mentioned above, you can sell cryptocurrencies to Coinbase or LocalBitcoins and receive cash in your Paypal account.
Fees For Selling Bitcoins To PaypalUse in the U. and part of Europe.
Fees for selling bitcoins to PayPal are 3.75% with Coinbase.
Using Debit Cards And Bank Accounts Connected To Your Paypal AccountYes, Coinbase allows U. and international customers to use debit cards and bank accounts connected to their PayPal accounts to buy Bitcoin on its platform.
PayPal Partnerships With Crypto ExchangesPayPal has already partnered with Coinbase, BitPay and GoCoin to transact digital goods. This allowed merchants using Paypal to also accept cryptocurrencies with minimal effort. John Donahoe, the CEO of eBay, said he believed that such a partnership would greatly benefit his company in the future.
The Efficiency Of PaypalOne of the strengths of PayPal is its efficiency. First of all, since it is an online payment solution, the way you access and use PayPal is similar to the interface of a leading exchange such as 24Option Trading. To put it another way, PayPal is an online innovation in the same way as our recommended cryptocurrency exchanges are, which creates a certain connection between them.
Bitflyer Accepts Paypal As A Deposit MethodBitflyer has just become the first Bitcoin exchange to accept PayPal as a deposit method.
Before this, you had to use a peer-to-peer bitcoin exchange. You can also use this method to buy bitcoins and then exchange them for another cryptocurrency using an exchange such as Poloniex or Kraken.
Step-By-Step Guide On How To Buy Cryptocurrencies With Paypal
- Now, you can buy Bitcoin and other cryptocurrencies on PayPal and use PayPal to buy Bitcoin on popular exchanges.
- Here is a quick step-by-step guide on how to buy cryptocurrencies using the Paypal platform, P2P marketplaces and exchanges.