Buy Bitcoin (BTC) with PayPal Paxful makes it easy and secure for you to buy and hold cryptocurrency. Find the best offer below and buy cryptocurrency with PayPal today. Please wait while we . Jul 29, · The best site for buying bitcoin with paypal is eToro, based on its low fees, regulation and ability to copy successful crypto traders. It’s US friendly and also offers a wallet to store your. Excepting buying Bitcoin directly via PayPal, eToro is the easiest and cheapest option. To buy Bitcoin with eToro, you will need to register for an account and verify your identity. From there, it is simply a matter of depositing funds into your account and choosing PayPal as your preferred method. Once funds are deposited, you are good to go.
Buy bitcoin with paypal account5 Ways to Buy Bitcoin with PayPal Instantly ()
Those who only need the bitcoin for a certain period of time may find the ability to loan it useful with a platform like XCOINS. All you need to do is specify the amount of bitcoin you would like to purchase and make a payment. Coinbase does not yet offer deposits through PayPal, although they may accept it as a deposit method in the future. On Paxful you can search for merchants who are buying bitcoin with PayPal or sell bitcoin as a vendor and accept PayPal as a payment method.
Both of these are high-risk methods. Ask for photo ID and be aware of potential chargebacks if you choose this method. Sellers can set their own prices and make their own rules for exchanges. Currently, Coinbase does not support the ability to buy bitcoin with PayPal. Coinbase will only allow you to deposit funds using a bank account, debit card or wire transfer.
Etoro gives traders a platform to trade a wide variety of cryptocurrencies with PayPal as a funding method. Buying bitcoin with PayPal might be a riskier means of purchasing bitcoin, but it is simple. If you would like to do this, compare the features of the different trading platforms available and use the gathered information to make the choice that is best for you.
PayPal is used by millions of people all over the world to instantly send and receive money. This guide will simplify all the ways you can use PayPal to buy bitcoins online. Best Trading Platform. Learn More. Best Peer-To-Peer Marketplace. Best Lending Platform. Advantages If you already have a PayPal account, the purchase process is familiar and fast. PayPal purchase protection for buyers. Disadvantages Other payment methods such as debit card or bank account are more secure and lower risk than PayPal as a payment method.
Learn MOre. Pros Diverse selection of markets Excellent reputation User-friendly interface Great customer support Low fees. Cons Bitcoins can only be withdrawn in the form of fiat currency.
Cons Buyers and sellers are at risk of being scammed. Pros Simple to get started A fast way to acquire bitcoins Great for making extra money on the side. Cons High fees are incurred There is a low transaction limit for new users. Pros Available in every country of the world A diverse selection of buyers and sellers Supports many payment methods Buyers get their bitcoins fast Private.
Cons Lack of cryptocurrency diversity Both sellers and buyers have a chance of being scammed. Pros Multiple funding methods Ability to purchase bitcoin at market rate Wallet and exchange.
Cons The initial lag time Not supported in all countries. Our Top Recommendation. Etoro 9. Search the website Hit enter to search or ESC to close. Debit Card. Bank Account. Every country except for a few see banned countries.
Ray Youssef , Artur Schaback. Read Review. PayPal is a popular worldwide online payments system. Image: Shutterstock. In November , PayPal announced that all account holders in the US would be able to buy and sell cryptocurrencies including Bitcoin through its platform. The news followed its announcement in October that it would introduce options for cryptocurrency buying and selling , through a partnership with Paxos Crypto Brokerage.
Payments will be converted into fiat at the point of sale. In the first half of , the features will roll out to "select international markets. Today, we are announcing the launch of a new service that will enable customers to buy, hold and sell Cryptocurrency directly from their PayPal account. First things first: You need to set up a PayPal account, obviously. The experience is broadly similar across the PayPal website and the PayPal app; for this walkthrough, we're using the website.
Next, select the cryptocurrency you wish to buy. Additionally, PayPal has provided resources to learn about cryptocurrency; it also lists the risks involved. Below the purchase option, PayPal includes a brief description of the asset being purchased. Next comes the fun part: buying Bitcoin. You can add other cards or bank accounts, at this point, too.
On November 12 th, , PayPal announced that eligible users in the U. If you are in the U. Unfortunately, you are not able to transfer crypto to other accounts on or off PayPal. In , PayPal was expected to enable cryptocurrencies to be used as a funding source for purchases, improving their utility.
If you do not have a PayPal account, you need to set one up. You will need a credit card or a bank account and your email address. The experience of buying crypto with PayPal is similar in both the app and the web interface. Head over to the cryptocurrency section on the home screen or "payments" in the app , where you can choose which coin to buy. To move forward with your purchase, PayPal will ask you to confirm some information and agree to their Cryptocurrency Terms and Conditions.
Choose how much Bitcoin you want to buy, select the payment method card or bank account and click "Buy Now"! Great, you are now a proud owner of Bitcoin or another major cryptocurrency of your choice. It is worth repeating that PayPal currently does not let you transfer your crypto to other wallets on or off PayPal. Another important consideration is the fee. PayPal intended to begin applying transaction fees in Starting in , however, PayPal begins to charge fees through pocketing the spread between the actual market price and the price quoted to the users.
The company said that it "will not separately calculate or disclose the spread we earn on each transaction. There are several other options to buy Bitcoin using PayPal. The best one is through eToro , a fintech brokerage company. Most other platforms that let you buy Bitcoin using PayPal are peer-to-peer sites, like LocalBitcoins.
Buying Bitcoin through a peer-to-peer site has its disadvantages, including security, inflated prices, and high fees. Let us briefly examine them. Taking eToro first, it is not a crypto-focused company, per se. Instead, it is a relatively traditional trading and brokerage business outside the U. It introduced crypto trading using contracts for difference CFDs in Excepting buying Bitcoin directly via PayPal, eToro is the easiest and cheapest option. To buy Bitcoin with eToro, you will need to register for an account and verify your identity.
From there, it is simply a matter of depositing funds into your account and choosing PayPal as your preferred method. Once funds are deposited, you are good to go. LocalBitcoins is a peer-to-peer Bitcoin trading site, founded in You can easily search by payment method, PayPal in our case. It is important to assess the seller and consider whether they are trustworthy. You should check their feedback score, number of confirmed trades, trust rating and whether anyone has blocked this seller.