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PayPal is used by millions of people all over the world for sending and receiving money.

Many people want to know how they can exchange their PayPal to bitcoin easily and instantly.

This guide will simplify all the ways you can use PayPal to buy bitcoins online.

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Etoro

The World’s Leading Social Trading And Investment Platform For Cryptocurrency

Virtual currencies are highly volatile. Your capital is at risk.

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Coinbase

The World’s Leading Cryptocurrency Exchange Trusted By Over 30 Million Users

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XCOINS

A Secured Lending Platform For Buying And Loaning Bitcoin

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Last Update August 8th, 2021. PayPal is one of the simplest ways to send money to other individuals and for purchasing goods and services online.

PayPal is also a popular payment method for buying and selling bitcoin in large amounts instantly and efficiently.

While you can purchase bitcoin directly from PayPal, you can also use PayPal with an exchange such as Coinbase or a peer-to-peer marketplace such as Paxful to buy and sell bitcoin for the long-term.

Popular Exchanges To Buy Bitcoin With PayPal Instantly

 
Company
Fees
Countries Supported
Coinbase Icon Resized
Coinbase


Free102 countries (see full list)
Paxful Icon Resized
Paxful

Free, 0.1% to 5% for sellersEvery country except for a few (see banned countries)
Etoro Icon Resized
Etoro

Free, $5 withdrawal fee

Your Capital is at risk.

Worldwide
XCOINS Icon Resized
XCOINS


2.9% + $0.3040 countries
Wirex Icon Resized
Wirex


FreeWorldwide
The Complete Guide To Buying Bitcoins With PayPal

How Can I Buy Bitcoin With PayPal?

If you want to buy bitcoin with PayPal as a payment method you have to find a reputable exchange that will allow you to make a deposit using PayPal as a funding method. These include traditional exchanges, trading platforms, marketplaces, and peer-to-peer lending platforms.

How To Buy Bitcoin With PayPal On Coinbase Summary

  1. Create an account with Coinbase.
  2. Verify your account.
  3. Add PayPal as your payment method.
  4. Go to “Bitcoin” and select the amount you want to buy.
  5. Receive bitcoins directly into your Coinbase wallet.

That’s it! You have successfully purchased bitcoin with PayPal as the payment method.

The types of third-party platforms that allow you to buy bitcoin with PayPal include:

Trading Platforms

A trading platform enables users to buy and sell bitcoin and other cryptocurrencies. Many trading platforms accept PayPal as a deposit method.

An example of a trading platform that allows PayPal deposits is Etoro.

Person-To-Person Marketplaces

A person-to-person marketplace connect sellers and buyers so they can trade directly with one another.

To find merchants that accept PayPal as a payment method, you can sign up for a reliable person-to-person marketplace that has an escrow system in place.

An example of a person-to-person marketplace is Paxful.

Peer-To-Peer Lending Platforms

A peer-to-peer lending platform allows users to buy bitcoin directly from a dealer in exchange for collateral or loan bitcoin to buyers for interest.

An example of a peer-to-peer lending platform is XCOINS.


5 Ways To Buy Bitcoin With PayPal Instantly

There are 5 main platforms that you can use to buy bitcoin with PayPal instantly and securely.

Coinbase

Coinbase Homepage

Rating:

Website:coinbase.com
CEO:Brian Armstrong
Headquarters:San Francisco, California
Founders:Brian Armstrong, Fred Ehrsam
Founded:2012
Customer service:Knowledge Base
More information:Read Review

Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.

Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.

Pros

  • Established reputation
  • User-friendly interface
  • High liquidity
  • Large purchasing limits
  • Strong security

Cons

  • Support takes time to respond
  • Slow bank transfers

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinbase Icon

Established in 2012, Coinbase is one of the most popular cryptocurrency exchange in the world with over 30 million customers strong. Coinbase makes it simple to exchange funds from any payment method directly into bitcoin.

Coinbase is an easy way for buyers and traders to buy, sell, and trade cryptocurrency with PayPal as the payment method.

Coinbase Homepage

How To Use Coinbase

With Coinbase, you can own bitcoin in a few minutes. 

Step 1: Create an account with Coinbase.

Step 2: Verify your identity (using photo ID) to prevent fraud or identity theft.

Step 3: Fund your Coinbase account through bank account deposit.

Step 4: You can now send, receive, buy, sell, and store bitcoin.


Paxful

Paxful Homepage

Rating

Website:paxful.com
CEO:Ray Youssef
Headquarters:New York, New York
Founders:Ray Youssef, Artur Schaback
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers

Cons

  • Buyers and sellers are at risk of being scammed

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful Icon

Paxful is a peer-to-peer marketplace that works similarly to Localbitcoins and has an escrow system for buyers and sellers to trade securely. To buy bitcoin with PayPal on Paxful, a proposed buyer needs to have a verified USA PayPal account.

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.

Most vendors here ask for identification, for verification purposes, before accepting a buyer’s PayPal. Once this is accepted, however, the trading process is simple.

Also note that on Paxful it is possible to buy bitcoin with PayPal with no verification required if you see a seller with the 'No Verification' symbol on their offer in search.

Paxful Homepage

How To Use Paxful

To use this platform to buy bitcoin follow the following steps:

Step 1: Create an account with Paxful.

Step 2: Choose PayPal as the desired payment method and indicate your desired amount.

Step 3: Choose your seller. Typically the seller is chosen manually, or you can allow Paxful to select for you.

Step 4: Initiate the trade.

Step 5: The buyer and seller proceed to a chat where the trade agreement processes into an escrow.

Step 6: Once the buyer indicates that a payment was made, the bitcoins are sent from escrow into the buyer's Paxful wallet. With Paxful, if the trade is not finalized within a stipulated time, usually thirty minutes, the deal will be canceled.


Etoro

Etoro Homepage - Build A Better Crypto Portfolio

Rating:

Website:etoro.com
CEO:Yoni Assia
Headquarters:London, United Kingdom
Founders:David Ring, Ronen Assia, Yoni Assia
Founded:2007
Customer service:Knowledge Base

Etoro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.

Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).

Minimum first time deposit for US users is $50 USD and $200 USD for most countries.

Etoro accepts deposits in USD, EUR, GBP, and AUD.

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

Disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal. 67% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.


ReputationFeesPrivacyLimits
ExcellentLowHighHigh
Etoro Icon

The Etoro platform is regarded as one of the easiest ways to buy bitcoin with PayPal. While Etoro allows PayPal as a deposit method, buyers will neither be able to withdraw bitcoin to a wallet nor send them to other people.

Etoro is the best option for those who only want to profit from bitcoin's price volatility and those who don't need the bitcoin themselves, but the cash equivalent.

Etoro makes it easy to trade top cryptocurrencies commission-free.

Etoro Crypto Trading Homepage

How To Use Etoro

To buy bitcoins on the Etoro platform follow these steps:

Step 1: Create an account with Etoro.

Step 2: Verify your account and enable multi-factor authentication.

Step 3: Click “deposit” and select “deposit funds”.

Step 4: Select PayPal as the preferred payment method.

Step 5: Enter the desired deposit amount.

Etoro - Make A Deposit With PayPal

Step 6: Log in to your PayPal account to complete the deposit.

Step 7: Review the transaction details. If content with these, click “pay”.

Step 8: Once your Etoro account has been credited, go to the trading page. Here, choose your preferred market limit order and enter the amount of bitcoin you want to buy.

Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

75% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.

eToro USA, LLC does not offer any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company specific information about eToro.


XCOINS

XCOINS Homepage

Rating:

Website:xcoins.io
CEO:Sergey Nikitin
Headquarters:Santa Monica, California
Founders:Sergey Nikitin
Founded:2016
Customer service:Knowledge Base

XCOINS is a peer to peer lending platform on which buyers can buy bitcoins from sellers.

XCOINS accepts loan security deposits and purchases in USD.

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

ReputationFeesPrivacyLimits
ExcellentHighHighHIgh

XCOINS Icon

XCOINS is a peer to peer lending platform on which buyers can buy bitcoins from sellers. This purchase is, however, only for a fixed amount of time, as these bitcoins return to the seller. Essentially, this means that these bitcoins are only loaned out not sold off.

Since this platform matches lenders and buyers, the fees are relatively high. The fees incurred are an addition of the security deposit amount, the lender’s fee (which is 10% of the security deposit amount), the loan origination (which is 3.5% of the security deposit amount), and PayPal processing fee (which is 2.9% of the security deposit amount + $0.30).

XCOINS Homepage

How To Use XCOINS

To buy, or in this case loan, bitcoins on this platform, follow the following steps:

Step 1: Create an account with XCOINS.

Step 2: Verify your identity.

Step 3: Indicate the number of bitcoins you want to buy.

Step 4: Review the total cost of the transaction.

Step 5: Agree to the terms of the loan.

Step 6: You will be redirected to the lender’s PayPal page. Here, you enter your PayPal account details and make payment.

Step 7: Receive the bitcoins.


Wirex

Wirex App Homepage

Rating:

Website:wirexapp.com
CEO:Pavel Matveev
Headquarters:London, United Kingdom
Founders:Dmitry Lazarichev, Pavel Matveev
Founded:2014
Customer service:Knowledge Base

Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.

Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.

Wirex accepts deposits in AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, and USD.

Pros

  • Multiple funding methods
  • Ability to purchase bitcoin at market rate
  • Wallet and exchange

Cons

  • The initial lag time
  • Not supported in all countries

ReputationFeesPrivacyLimits
GreatLowHighHigh

Wirex Icon

Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.

Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.

You can fund your Wirex account using a credit or debit card, bank transfer or crypto. Wirex can also be linked to a third-party service such as Curve, Revolut, or Paypal.

Wirex Homepage

How To Use Wirex

To buy bitcoins on this platform, follow the following steps:

Step 1: Create an account with Wirex.

Step 2: Verify the account. Once the account is verified, you will get a free virtual visa card. If you want a physical card, you can order one to be delivered to your home.

Step 3: You need to add a small amount to your virtual visa card. It is also vital that you add the card to your PayPal account.

Step 4: To purchase bitcoin with PayPal, deposit money from your PayPal account to your Wirex account. It could take between one to seven days before the deposit is complete.

Step 5: After crediting your Wirex virtual card, you can use Wirex to purchase bitcoin.


Recap Of The 5 Best Exchanges For Buying Bitcoin With PayPal

The following is a list of the top 5 exchanges which we have already covered in this article for buying and selling bitcoin instantly using PayPal as a payment method. Each exchange is supported in various countries and has its own procedures for setting up an account. Go to the official website of each one to learn more.

ExchangeFounding DateSupported Countries
Coinbase2012Worldwide
Paxful2015Worldwide
Etoro2007Worldwide
XCOINS201640 countries
Wirex2014Worldwide

What Is PayPal?

PayPal Logo

Originally introduced in 1998 as Confinity and then later X.com in 1999, PayPal was established by founders Max Levchin, Peter Thiel, Luke Nosek, and Elon Musk in 2001 with the goal of becoming a leader in payments. Today, PayPal has amassed over 400 million users and is a global leader in processing and facilitating payments for ecommerce and individuals across the globe.

As a company, PayPal focuses on fraud protection, 24/7 monitoring, and secure encryption technology. PayPal is a popular payment processor and payments system for many reasons including the following:

  • Making purchases online and facilitating checkout
  • Simplifying and organizing payment methods
  • Sending money securely and instantly
  • Receiving payments easily and efficiently
  • Getting paid from transactions and sales

The PayPal mobile app is available for both iOS and Android devices.

Where Is PayPal Supported?

PayPal is available in over 200+ countries around the world and supports over 25+ currencies. You can view the full list of supported countries here: https://www.paypal.com/en/webapps/mpp/country-worldwide

If you have a question or would like to reach the PayPal customer support team directly you have a plethora of options available to you here.

What Is PayPal’s Stance On Bitcoin?

As of April 26th, 2021, PayPal customers in the United States, excluding Hawaii, are able to buy, hold, and sell the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Litecoin

Watch the video below to learn more about how cryptocurrencies work on the PayPal platform.

How To Buy, Hold, Sell, And Checkout With Crypto On PayPal

Learn How To Buy, Sell, And Hold Crypto On The PayPal App

PayPal users with Personal or Premier PayPal accounts are eligible to buy, hold, and sell bitcoin and other cryptocurrencies on the PayPal platform using funds from a linked debit card or bank account, PayPal Cash balance, or Cash Plus balance.

At this time, PayPal business accounts are not eligible to purchase cryptocurrency on the platform.

Step 1: Confirm your identity and fill out a W-9.

Step 2: Select 'Crypto' from the dashboard.

PayPal Dashboard

Step 3: Buy bitcoin, ethereum, bitcoin cash, or litecoin and hold.

Step 4: If you decide to sell or checkout with crypto, PayPal will automatically convert it into USD at no additional fee.

Where Can I Buy Bitcoin Using PayPal?

You can buy bitcoin directly from the PayPal app using your available funds or linked debit card or bank account. You can also buy and sell bitcoin using PayPal transfer or checkout through any of the aforementioned exchanges, trading platforms, person-to-person marketplaces, or peer-to-peer lending platforms.

  1. Coinbase is the most popular exchange in the world and is an accessible method for buying and selling crypto on-demand.
  2. Paxful is a popular marketplace for traders that make a living buying and selling bitcoin. Paxful is also a good marketplace for people who want to try buying bitcoin directly from another merchant.
  3. Etoro is one of the most popular social trading platforms on the planet for beginning and advanced traders. Connecting a PayPal account to Etoro is painless and instant.
  4. XCOINS is a reliable peer-to-peer lending platform that accepts PayPal as a funding method. Those who only need bitcoin for a certain period of time may find the ability to loan or borrow it to be useful.
  5. Wirex is a debit card and app that gives people the power to spend cryptocurrencies in-store or online. A PayPal account can easily be linked to Wirex for fast and efficient deposits.

Apps For Buying Bitcoin With PayPal Instantly

Coinbase, Etoro, Paxful, and Wirex have apps available for download and give customers the ability to buy bitcoin using PayPal as a funding method.

ExchangeDownload App
CoinbaseiOS, Android
PaxfuliOS, Android
EtoroiOSAndroid
WirexiOSAndroid

Where Can I Convert Bitcoin To PayPal?

PayPal has had a longstanding relationship with Coinbase dating back to 2016, where customers are able to withdraw their cryptocurrency instantly in the form of PayPal dollars. Around the start of 2020, PayPal began hiring engineers for its Blockchain Research Group (read more), making PayPal, the biggest payments platform in existence, a strong believer in the blockchain as financial technology.

If you are located in the United States, Canada, United Kingdom or European Union, you can convert your bitcoin to dollars on Coinbase and withdraw to your linked PayPal account instantly in USD, GBP, or EUR.

Link Your PayPal Account To Coinbase Exchange

Withdrawal Limits On Coinbase Using PayPal

 USDEURGBPCAD
Per Transaction10,0007,5006,50012,000
Per Day25,00020,00020,00030,000

Can I Buy Crypto With PayPal?

Bitcoin is not the only cryptocurrency that you can own. Those who want to trade more than just bitcoin are recommended to check out Coinbase, Paxful, Etoro or Wirex from this list. Each one gives buyers and traders a wide variety of cryptocurrencies to select between (As of August 8th, 2021).

ExchangeSupported Cryptocurrencies
CoinbaseBTC, ETH, USDT, ADA, DOGE, USDC, DOT, UNI, BCH, SOL, LINK, LTC, WBTC, ICP, ETC, MATIC, XLM, FIL, DAI, AAVE, EOS, MKR, GRT, ATOM, XTZ, ALGO, COMP, AMP, QNT, DASH, CHZ, ZEC, MANA, YFI, SUSHI, ENJ, SNX, BAT
PaxfulBTC, ETH, USDT
EtoroBTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, XTZ, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, ALGO, MANA, ENJ, BAT, MATIC, SHIBA
XCOINSBTC
WirexBTC, ETH, LTC, XRP, XLM, WXT, WAVES, DAI, NANO, LINK, MKR, AAVE, YFI, UNI, UMA, OMG, BAT, ZRX, SNX, FTT, COMP, REP, BNT, BAL, 1INCH

Conclusion

Buying bitcoin with PayPal might be a riskier means of purchasing bitcoin, but it is a simple way to get started. If you would like to use PayPal as a method of payment, compare the features of the different trading platforms available and use the gathered information to make the choice that is best for you today.