Buying cryptos such as Bitcoin with PayPal can be done conveniently through regulated crypto exchanges such as Bitvavo, Coinbase, and eToro. For European users we recommend Bitvavo, while other regions should use Coinbase for a smooth buying experience. The fees range from 2%-4% based on your selected platform and local currency. Lastly, it is important to understand that PayPal may not be available in every region due to regulations. Some countries may be restricted from using PayPal.
Can I buy Crypto with PayPal?
Yes, you can buy cryptocurrencies such as Bitcoin (BTC) with PayPal. Purchasing cryptos with PayPal is a fast, safe, and convenient way to get your hands on digital assets. While PayPal offers a direct crypto purchase feature for United States customers, users from other regions must use third party platforms which support PayPal payments for cryptocurrency purchases. In this guide we will show you exactly how you can buy cryptos such as BTC, ETH, and more via PayPal.
How to buy Crypto with PayPal
Buying cryptos with PayPal is simple. Our number one recommendation for buying cryptos with PayPal is Bitvavo, as it is a fully licensed crypto exchange from the Netherlands with strong regulatory standings in Europe.
However, if you are not from Europe, please check out the “Recommendet Alternatives” section below, where we cover alternatives for non-EU users.
Follow these simple steps to buy cryptocurrencies with PayPal:
- Visit the official Bitvavo website and register a 100% free account.
- Head over to your profile section to verify your identity by providing the requested details (government-issued ID, facial recognition, and bank account connection)
- Go to the Bitvavo home dashboard and click on “Deposit” on the right-hand side.
- Select “PayPal” as the deposit method and choose the amount you wish to deposit, then click on “Confirm and deposit.” You will be redirected to the official PayPal website, where you have to log in and confirm the transaction.
- After you finalize the transaction, you will receive the fiat deposit within a few minutes. Once the deposit arrives in your Euro wallet, you can buy cryptos.
- Head over to the Bitvavo spot market and buy the desired cryptocurrency.
Recommended Alternatives
If the first option does not work for you due to regulatory restrictions, we recommend you sign up for one of the top two alternatives:
Coinbase is one of the largest crypto exchanges and supports PayPal deposits for users from over 30 countries. We love Coinbase due to its simple design, making it a great option for beginners.
Another alternative is eToro where you can use PayPal to deposit funds. eToro is a popular trading platform offering not only crypto assets but also stocks, commodities, indices, and more.
About PayPal
PayPal is a leading global digital payment platform that revolutionized online financial transactions. Founded in 1998, it has become synonymous with secure and convenient digital payments. PayPal enables individuals and businesses to send, receive, and hold funds in over 200 markets worldwide.
The company’s user-friendly interface and robust security measures have made it a preferred choice for e-commerce transactions, peer-to-peer money transfers, and business payments. PayPal offers various services, including its core digital wallet, PayPal Credit, and mobile payment solutions. Buying digital assets such as cryptos with PayPal is also possible.
What are the Fees?
The fees when buying cryptos with PayPal differ from platform to platform, but generally range from 2% to 4%. Bitvavo is one of the cheapest options with only 2% transaction fees.
Bottom Line
Buying cryptos with PayPal is an easy process due to regulated crypto exchanges such as Bitvavo, Coinbase, and eToro. These platforms ensure a smooth buying process for users from all around the world.
While Bitvavo is a European platform, Coinbase and eToro take care of other regions too. Simply sign up, deposit funds with PayPal, and buy cryptocurrencies.
