How to Buy Bitcoin with PayPal (Stepwise Guide for Mar 2023)
PayPal enables users to buy bitcoin through their website, the process is still limited, and new features such as withdrawal on the third-party wallet are in development. There are numerous services that accept PayPal as a payment method for buying BTC.
Recently, more and more people are being introduced to the concept of bitcoins. It has become popular among those people who want to move their money without being tracked or monitored by others.
Buying crypto with PayPal’s digital wallet may be a difficult task because PayPal is not an option for sellers. The good news is there are numerous other ways to use PayPal buying with bitcoin. For PayPal users who wish to hold crypto or use their digital currency, the best way to buy BTC with PayPal is via Coinbase.
How to Buy Bitcoin with PayPal using Coinbase?
Here are steps to Buy Bitcoin using PayPal:
Step 1) Log in to PayPal and Select Crypto
You can check the option for cryptocurrency in the top right of the dashboard, next to ‘Send’ and ‘Request.’
Step 2) Select the Crypto Coin you want to purchase.
Here, we selected ‘Bitcoin.’
In this example, we have selected Bitcoin.
Step 3) Process for buying Bitcoin
In the next step, click on the ‘Buy’ button to complete your transaction.
Step 4) Select the Quality you want to buy
Enter the number of Bitcoin you want to buy
Enter an amount in dollars you want to spend on Bitcoin or choose a pre-set amount below.
Step 5) Select Payment Method
You are most likely to have your bank account linked to your PayPal accounts. However, you can Also, look for another method if you don’t want to use your bank account.
Step 6) Review and continue with your transactions.
Press the ‘Buy’ button.
Once finalizing your purchase, you will be taken to a confirmation screen, and you should check your coins reflected in your PayPal account dashboard.
Top Method to Buy Bitcoin with PayPal
| Name | Deposit methods | Fiat Currencies | Fees | Cryptocurrencies | Link |
|---|---|---|---|---|---|
| Binance | Bank transfer (ACH), Credit card, Debit card, Cryptocurrencies, and PayID | USD, EUR, AUD, GBP, NZD + 40 others | 0.1% to 4.5% for trade & 0.1% to 4.5% Buy Crypto | BTC, DOT, ETH, LTC, etc. | Learn More |
| Paybis | Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill. | EUR, GBR, USD, and 44 others. | 0.99% Deposit fee & 2.49% Withdrawal fees | BNB, BTC, ETH, LTC, XRP, NEO, XLM, and TRX. | Learn More |
| xCoins | Wire Transfer, Credit Card, PayPal. | Dollar, the British pound, the Indian rupee, and the euro. | 2.9% on the promise and an additional $0.30. | BTC, Litecoin, ETH, Tether, DAI, Maker, etc. | Learn More |
Here are some other option places to buy bitcoins with PayPal in 2021.
1) Binance
Binance is a crypto exchange that can purchase crypto assets using PayPal, and it securely stores a wide range of digital assets in offline storage. This crypto platform provides supports more than 100 countries.
Features:
- Allows withdrawal cash to PayPal from Binance
- You can buy and sell any digital cryptocurrency and keep track of them in one place
- It allows you to schedule your crypto trading on a daily, weekly, or monthly basis
- Fees: 0.1% to 4.5% to buy and 0.1% to 4.5% to Trade.
- Deposit methods: Bank transfer (ACH), Credit card, Debit card, Cryptocurrencies, and PayID
- Fiat Currencies: USD, EUR, AUD, UGX, PEN, HKD, UAH, KZT, TRY, RUB, etc.
- Cryptocurrencies: 600+ crypto including BTC, DOT, ETH, LTC, etc.
2) Paybis
Paybis is the popular P2P marketplace to buy and sell Bitcoin with more than 350 payment methods. This Bitcoin crypto wallet is easy for beginners and veterans alike to make a profit.
Features:
- It helps you to withdraw directly from your bank account.
- You can send PayPal funds to your bank account and PayPal account.
- You can trade with hundreds of digital currencies.
- It allows you to buy crypto using Paypal.
- Deposit methods: Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill.
- Fiat Currencies: EUR, GBR, USD, and 44 others.
- Cryptocurrencies: BNB, BTC, ETH, LTC, XRP, NEO, XLM, and TRX.
- Fees and limits: 0.99% Deposit fee & 2.49% Withdrawal fees
- Supported platforms: iOS and Android.
3) xCoins
xCoins.io is a P2P exchange that uses the lending model to connect lenders to people who need crypto loans. It offers near-instant access to new Bitcoins, as well as the opportunity to borrow and lend for Bitcoins.
Features:
- It allows you to pay with bank accounts via ACH or eCheck.
- Bitcoins are credited instantly to your wallet once you pay.
- You can sell Bitcoins for PayPal instantly and with high profits.
- Deposit methods: Bank Transfer, Credit Card, Debit Card, Crypto Transfer, Revolut, PayPal, MoneyGram, and. Skrill.
- Fiat Currencies: USD, EUR, GBP, HKD, INR, etc.
- Cryptocurrencies: BTC, ETH, LTC, DASH, and Bitcoin Cash.
- Fees: 0.25% fee for the maker 0.75% for the taker.
Link: https://xcoins.com/en/buy-crypto/bitcoin/
How to buy Bitcoin with Paypal using eToro, xCoins, Paxful?
Here are steps to buying Bitcoin with Paypal:
Step 1) Sign up:
Create a free user account using Coinbase, eToro, XCoins, LocalBitcoins, and LocalCryptos platforms. Make sure you have a PayPal account. If not, create that also.
Step 2) Load the PayPal account.
Loading your PayPal account with money using your Visa or MasterCard credit and debit card. You can also deposit from the bank via the card to PayPal.
Step 3) Buying from Coinbase:
Then you l need to log in to Coinbase or eToro and select PayPal as the payment method. You can connect the PayPal account to Coinbase using an API in the process and then deposit the desired amount from PayPal to Coinbase, Paxful, eToro, etc.
The seller requires to release crypto to the escrow service before you can transact. This is very important for you to not lose money from any fraud or scammers.
Step 4) Receiving crypto in your wallet:
This is the last step towards buying Bitcoin with PayPal. On a peer-to-peer platform like LocalBitcoins, you will already have a wallet address when you sign up with the platforms. Therefore, after the seller releases the cryptocurrency, it reflects as a balance on your account.
How to buy Bitcoin using Paypal.com?
If you are a USA PayPal user, you can buy Bitcoin, Bitcoin Cash, and Ethereum directly from its web and mobile Paypal app. If you have a PayPal account, you can instantly start buying cryptocurrency just for as $1 on your PayPal balance.
However, you should remember that you can’t withdraw Bitcoin from your PayPal digital wallet, but you can use your BTC to pay online for all the merchants who want to integrate with PayPal’s digital wallet.
To use PayPal for purchasing Bitcoin, simply login to PayPal.com (Only available for US users), and you will see that there is an option to buy crypto using PayPal. You need to click on it, and you will get on the SSL secure page where you can complete your purchase and buy Bitcoin using the PayPal app.
FAQ:
Top Method to Buy Bitcoin with PayPal
| Name | Deposit methods | Fiat Currencies | Fees | Cryptocurrencies | Link |
|---|---|---|---|---|---|
| Binance | Bank transfer (ACH), Credit card, Debit card, Cryptocurrencies, and PayID | USD, EUR, AUD, GBP, NZD + 40 others | 0.1% to 4.5% for trade & 0.1% to 4.5% Buy Crypto | BTC, DOT, ETH, LTC, etc. | Learn More |
| Paybis | Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill. | EUR, GBR, USD, and 44 others. | 0.99% Deposit fee & 2.49% Withdrawal fees | BNB, BTC, ETH, LTC, XRP, NEO, XLM, and TRX. | Learn More |
| xCoins | Wire Transfer, Credit Card, PayPal. | Dollar, the British pound, the Indian rupee, and the euro. | 2.9% on the promise and an additional $0.30. | BTC, Litecoin, ETH, Tether, DAI, Maker, etc. | Learn More |
