Buy Bitcoin with Paypal Due to chargeback concerns, there weren’t many methods available until recently to purchase Bitcoin with PayPal. But PayPal has recently started to embrace Bitcoin more. In this post, I’ll review several reliable sites where you may buy Bitcoin with PayPal in 2024.
Buy Bitcoin directly through PayPal
Buy Bitcoin with Paypal Through a collaboration with Paxos, PayPal launched direct purchases of Bitcoin (as well as three other cryptocurrencies) within the PayPal digital wallet in October 2020.
This enables users to pay PayPal-supported retailers with Bitcoin and keep and sell the cryptocurrency acquired through the service. PayPal customers will be able to remove their money into other wallets for personal use or more widespread distribution around the network as of June 2022. It’s important to note that this option is only accessible to US customers at this moment, however, more nations may eventually be included.
Weekly withdrawal limitations are $10,000, but weekly purchase limits are $100,000 with no yearly cap. Buy Bitcoin with Paypal The fees associated with a transaction might range from 0.49 USD to 1.80%, depending on its magnitude.
How to Buy Bitcoin Directly on PayPal
Buy Bitcoin with Paypal If you do not already have an account with PayPal, create one now.
Select “Finances” from the upper left corner, followed by “Crypto” (accessible only in supported areas).
Click “Buy” and “Bitcoin.”
Enter the desired Bitcoin purchase amount.
After choosing your payment option, press “Next.”
Verify the transaction cost and conversion rate.
Buy Bitcoin with Paypal And that’s it! After you click “Buy now” to complete the transaction, the coins ought to be accessible in your PayPal digital wallet.
Buy Bitcoin with PayPal through CEX.IO
advantages: reputable, well-established, and regulated exchange
Cons: Not accessible everywhere, lower daily limitations than other choices
An established exchange that has been operating since 2013 is called CEX.IO. It is renowned for being extremely dependable and well-controlled, but it is also well-known for its rather high prices.
Positively, CEX.IO provides competitive prices for Bitcoin purchases made using PayPal. This may be accomplished using the exchange’s “Instant Buy” function or by utilizing the “Buy” option on CEX.IO within the wallet app.
The minimum and maximum amounts you may spend using PayPal on CEX.IO each day are $20 and $1,000, respectively. Depending on the nation, there is a varying service charge for other nations.
The Instant Buy service’s default currency is the US dollar. You must convert the money to EUR if you are an EEA citizen.
How to Buy Bitcoin with PayPal through CEX.IO
Go to the rapid buy service on CEX.IO.
From the “Buy” dropdown option, choose BTC and then the fiat money you want to use to pay for it.
You may either enter the desired quantity of Bitcoin to be purchased or choose from a list of predetermined options.
To link your PayPal account, choose “Log in with PayPal” after choosing PayPal as your payment option and clicking “Buy.”
Click “Purchase with PayPal” after once again selecting PayPal as your payment option.
Finish the transaction within the window for your PayPal account.
Completed! You may check your CEX.IO account to view the updated Bitcoin balance when the transaction is finished.
Buy Bitcoin with PayPal through Coinbase
advantages: a reputable platform with high limitations
Cons: Only available to US users; cannot make direct purchases using PayPal balance
In 2022, Coinbase, a highly reputable cryptocurrency exchange globally, started to accept PayPal for Bitcoin as a mode of payment. Regretfully, Coinbase does not yet enable consumers to make purchases using their PayPal balance directly; instead, they must utilize a debit card or bank account that is connected to their PayPal account. This is a little bit of a limitation. Positively, the maximum daily restrictions are a hefty $25,000 every day.
PayPal charges 4% of each transaction when used to make a debit card purchase on Coinbase; bank deposits using PayPal are charged 2.5% of each trade.
Users of Coinbase have the option to withdraw cash to their PayPal accounts. My whole Coinbase review is available here.
Buy Bitcoin with PayPal through Kraken
advantages: global availability, solid reputation
Cons: Service accessibility differs by nation
Established in 2011, Kraken is a seasoned cryptocurrency exchange situated in the United States, renowned for its strong security protocols and its recent European growth. With features including margin and futures trading, OTC options, spot trading, staking, and spot trading, the exchange provides a comprehensive trading platform (Kraken Pro).
Users can safely deposit money into their Kraken account using PayPal. PayPal deposits have a rolling daily maximum of €1,000 and a €1 minimum transfer amount. Before connecting an account and initiating a deposit, Kraken shows the deposit fee that PayPal charges in the user interface. For the EU, these costs are 3.39%.
Please be aware that deposits made via PayPal are non-refundable after seven days.
PayPal is exclusively accessible to customers who live in the UK and the EU (not including Croatia and Hungary).
Buy Bitcoin with PayPal through Paxful
advantages: A wide range of international vendors
Cons: Unfavorable currency rates and the added danger of doing business with private sellers
Paxful and LocalCoinSwap are quite comparable platforms. With the help of this peer-to-peer marketplace, you can purchase Bitcoin with practically anything, including Amazon Gift Cards and Skype Credits. Purchasing bitcoins with Paxful is a rather easy procedure.
How to Use Paxful
Make a profile.
Check your identification.
Select the desired amount and the payment method.
Select a vendor. You have the option to select the best seller for you or to let Paxful make that decision.
You will be sent to an online chat with the seller to complete the transaction once the trade starts. The bitcoins belonging to the seller will be placed in escrow and will be released into your account as soon as you indicate that payment has been received. Remember that the transaction will be immediately terminated if it isn’t completed within a set amount of time, generally 30 minutes.
Frequently Asked Questions: Top 4 Best Methods in 2024 to Buy Bitcoin with Paypal
What is the best site to buy Bitcoin using PayPal?
You may purchase and store Bitcoin with ease and security when you use Paxful. Get the best deal below and use PayPal to get Bitcoin right now. While we look for the greatest deals for you, kindly wait.
What is the best crypto exchange with PayPal?
Since Plus500 doesn’t charge consumers for deposits made using PayPal, it is our choice for the greatest cryptocurrency exchange for PayPal users.
Is PayPal a good way to buy Bitcoin?
One of the safest ways to purchase Bitcoin online is made possible by PayPal. This is so that investors do not have to enter their credit card information into the cryptocurrency exchange of their choice.
What is the most popular way to buy Bitcoin?
The most reliable site for individuals and companies to purchase, sell, and handle Bitcoin is Coinbase. It’s simple and quick. This is a detailed how-to instruction for purchasing Bitcoin.
Does Binance accept PayPal?
For compliance and regulatory concerns, Binance does not presently enable PayPal for cryptocurrency transactions. Bybit, on the other hand, offers a useful substitute by permitting PayPal deposits for the trade of more than 1,100 cryptocurrencies.
Do you still have questions?
If you have any questions that aren’t addressed in our FAQ, please email us and we will get back to you as soon as we can.
