How to Buy Bitcoin with PayPal (Stepwise Guide for Jul 2022)

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.

In this tutorial, you will learn:

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.’

Buy Bitcoin with PayPal

Step 2) Select the Crypto Coin you want to purchase.

Here, we selected ‘Bitcoin.’

In this example, we have selected Bitcoin.

Buy Bitcoin with PayPal

Step 3) Process for buying Bitcoin

In the next step, click on the ‘Buy’ button to complete your transaction.

Buy Bitcoin with PayPal

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.

Buy Bitcoin with PayPal

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.

Buy Bitcoin with PayPal

Step 6) Review and continue with your transactions.

Press the ‘Buy’ button.

Buy Bitcoin with PayPal

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
Coinbase Bank transfer Credit card, Debit card, Bank transfer, and Wire transfer. USD, EUR, AUD, GBP, HKD, INR, etc. 3.99% to maker 2.5% to a taker. BTC, BCH, ETH, DOGE, LTC, etc. Learn More
Paxful Bank transfer, Cash, PayPal, Google Pay, Credit or Debit Card, Payoneer. DZD, XCD, ARS, AMD, AWG, AUD, AZN, & 140+ more No fee for maker 1% of the transaction for takers. BTC, ETH, and TETHER. Learn More
LocalCryptos Bank Transfer, Credit Card, Debit Card, Crypto Transfer, Revolut, PayPal, Moneygram, etc. Skrill USD, EUR, AUD, GBP, HKD, INR, etc. 0.25% fee for the maker 0.75% for the taker BTC, ETH, LTC, DASH, and Bitcoin Cash. 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) Coinbase

Coinbase 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.

Coinbase

Features:

  • Allows withdrawal cash to PayPal from Coinbase
  • 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:  3.99% to buy and 2.5% to deposit USD.
  • Deposit methods: Bank transfer Credit card, debit card, Bank transfer, and Wire transfer
  • Fiat Currencies: USD, EUR, GBP, HKD, INR, etc.
  • Cryptocurrencies: BTC, BCH, ETH, DOGE, LTC, etc

More Information >>


2) Paxful

Paxful 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.

Paxful

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, Cash, PayPal, Google Pay, Credit or Debit Card, Payoneer.
  • Fiat Currencies: DZD, XCD, ARS, AMD, AWG, AUD, AZN, & 140+ more.
  • Cryptocurrencies: BTC, ETH, and TETHER.
  • Fees and limits:   There is no fee for buyers; 1% of the transaction for sellers while purchasing with PayPal.
  • Supported platforms: iOS and Android.

More Information >>


3) LocalCryptos

LocalCryptos is a multi-crypto P2P platform currently allowing users to buy and sell Bitcoin, Ethereum, Litecoin, and Dash with fiat currencies. It enables you to buy bitcoin with fiat currency using internationally accepted payment methods like PayPal.

LocalCryptos

Features:

  • This crypto exchange has buyers and sellers in nearly 15,000 cities across the world.
  • It allows you to contact the seller using mobile or email shown on their list of terms.
  • You can back up your crypto wallets by the file and using a recovery passphrase.
  • Users keep and control their private keys during transferring crypto.
  • 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.

More Information >>


4) 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.

xCoins

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:

❓ What is the best method to buy Bitcoin with PayPal?

There are generally two methods to buy Bitcoin with PayPal, one is by using a cryptocurrency exchange, and the other is by buying it directly from a seller.

For example, if you want to buy Bitcoin through an exchange, you need an account with that platform. The most popular exchanges in the market are Coinbase and Paxful.

✔️ What are the best Crypto exchanges to buy Paypal

Following are the best Crypto exchanges to buy Papal:

⚡ What cryptocurrencies does PayPal support in US?

Cryptocurrencies supported by PayPal in US are:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Bitcoin Cash

🚀 Does PayPal Accept Bitcoin as a Deposit Method?

PayPal is one of the most popular online payment systems. It helps you to send and receive money with ease. It also allows Bitcoin as a deposit method for its services. You can use it to pay for your PayPal transactions. PayPal has the “Pay with Bitcoin” feature, which allows you to use BTC in all their services, including buying goods and services online.

🏅 Is there a PayPal Bitcoin Wallet?

No, PayPal does not integrate Bitcoin and does not have any wallet.

👉 How much does it cost to buy bitcoin with PayPal?

It depends upon which trading platform you use. For example, if you go with eToro, you will not have to pay any transaction fees or commissions when buying Bitcoin. Moreover, PayPal deposits do not come with any charges attached, meaning you can cost-effectively invest in Bitcoin.

❗ What are the Pros and Cons of buying Bitcoin with PayPal?

Here are some important pros of buying Bitcoin with PayPal:

Pros:

  • It’s easy to buy Bitcoin with PayPal.
  • PayPal is one of the highly trusted as a secure platform for online payments.
  • You can also use it to pay for things online.
  • It also allows you to convert your Bitcoin into cash quickly and easily.
  • Many people already have a PayPal account, so transaction becomes easier.

Here are some important cons of buying Bitcoin with PayPal:

Cons:

  • It is a relatively expensive and complex method compared to other payment methods.
  • Most exchanges don’t even offer PayPal as an option.

⚡ Why don’t more exchanges support PayPal?

The reason behind many exchanges do not support PayPal is that it is an expensive payment method. Some crypto exchange changes $100 per transaction.

However, if you still want to persist with PayPal as a preferred payment method, consider using Coinbase and Paxful crypto exchanges. They offer very low fees and support the most popular fiat currencies.