How To Buy Crypto With PayPal In 2023 - Beginners Guide

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated March 27th 2023
7 Min Read

In this crypto investing guide, we will teach you how to buy crypto with PayPal – both directly and indirectly. We will look at the different trading platforms that let you buy Bitcoin with PayPal and tell you how to buy crypto directly on the PayPal website or app.

We will then look at the benefits of buying crypto with PayPal in 2023 and provide a step-by-step guide to investing in crypto with PayPal on popular crypto exchanges.

 How To Buy Crypto With PayPal - 4 Quick Steps Guide

Some of the most popular crypto exchanges have oversimplified the process of buying crypto with PayPal on their platforms. eToro, for example, has narrowed this process to the four simple steps below: 

Step 1: Open a crypto trader account

On your browser, open the official eToro website or download the eToro mobile trading app. Click on the ‘Join Now’ button to begin the account creation process.

Step 2: Verify identity 

The broker will require you to submit a copy of a government-issued document – such as a passport or driver’s license. 

Step 3: Fund the account 

You will then need to fund this account. Use PayPal to deposit at least $10 into this account.

Step 4: Buy cryptos with PayPal 

After the payment reflects in your broker account, identify the cryptocurrency you wish to purchase and initiate the investment process. 

In the sections below, we will provide you with an overview of where to buy crypto with PayPal today and tell you why you should buy crypto with PayPal and even tell you. 


buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Where to Buy Crypto With PayPal in 2023 

If you are looking to buy bitcoin or other cryptos with PayPal securely, reputable trading platforms such as eToro should be at the top of your list. But there are multiple other equally reputable crypto exchanges that let you buy Bitcoin with PayPal.

Below, we take a look at the best places to buy crypto with PayPal in 2023: 

eToro – Overall Best Place to Buy Crypto With PayPal

Established in 2007, eToro is one of the oldest and most reputable crypto exchanges in the world. It is also one of the most regulated crypto trading platforms - currently licensed and regulated by tier-1 agencies, including ASIC, SEC, FCA, CySEC, and FINRA. 

The platform is currently available to crypto traders/investors in virtually all crypto-friendly nations that are also PayPal-supported. And this wide reach was one of the key factors informing our decision to feature it in our list of top places to buy crypto with PayPal in 2023.

We also feature eToro here because, in addition to crypto, you can buy a wide range of crypto with PayPal on the platform. At the moment, eToro lists more than 90 digital assets, and they all can be purchased with PayPal deposits. We also appreciate that eToro provides you with a generally liquid market for the many cryptos and trading pairs supported here. Not forgetting that it maintains some of the most competitive trading fees. 

buy crypto with paypal

You, too, would probably like investing in crypto with PayPal on eToro because of its user-friendliness. For starters, the exchange maintains a quick and straightforward account opening process, which ushers you into one of the most intuitive trading interfaces. 

We also note that since it is a multi-platform exchange, you can buy cryptocurrencies either on its browser-based platform or mobile app. Both feature a great selection of analysis, educational, research, trading, and risk management tools. And these help eToro appeal to both beginner and expert traders.

The ease of buying crypto with PayPal notwithstanding, eToro tops our list because of the social and copy trading features it has integrated into its trading platform. Social trading makes it possible for platform users to interact seamlessly with one another. Copy trading, on the other hand, makes it possible for novice crypto investors to earn by mirroring the trade strategies of successful crypto traders to their accounts. 

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Binance – Best Crypto Exchange with Largest Selection of Cryptocurrencies

Binance is by far the largest crypto exchange in the world. It is also the most liquid – having processed more than $15 Trillion worth of crypt transactions in 2022 alone. These are some of the factors that informed our analyst’s decision to feature Binance in our list of the best place to buy crypto with PayPal.

There are two primary ways of buying crypto Bitcoin with PayPal on Binance. First, you may use Binance-supported third-party platforms like Simplex, MoonPay, and others that support PayPal deposits. Alternatively, you may choose to use the Binance P2P trading platform that supports 700+ international payment options – including PayPal.

But these aren’t the only factors making Binance a top exchange to buy crypto with PayPal. We also list it here because of the wide range of cryptocurrencies you can invest in using PayPal – more than 600 at the time of writing.

Buy crypto with Paypal via Binance exchange

We also appreciate that Binance is a multi-platform exchange – and you can seamlessly switch between the Binance website and mobile app. Both are feature-rich and have a highly intuitive user interface.

We also include Binance in this list because you don’t just get to buy crypto with PayPal. You can also use the digital assets you acquired using PayPal to invest in other digital assets supported on the platform – especially NFTs

You can even use these cryptos to generate passive income through the Binance Earn program. This gives you access to such investing options as Binance staking, saving, yield farming, and liquidity pooling.

Coinbase –Buy Crypto With PayPal From the Most Beginner-Friendly Exchange 

Coinbase is one of the oldest crypto exchanges in the world – having been established in 2012. It is one of a handful of regulated crypto exchanges and the only publicly traded crypto trading platform in the world. This makes it one of the most reputable exchanges and one of the best places to buy crypto with PayPal in 2023. 

Buy Crypto with PayPal via Coinbase exchange

Several other factors informed our decision to feature Coinbase here. First is Coinbase’s beginner friendliness. This is evidenced by its straightforward client onboarding process and one-click crypto buying process. Secondly, we liked the crypto trading platform’s accessibility – seeing that it is currently available in 100+ countries where PayPal payment services are supported. 

You, too, will probably prefer investing in digital assets with PayPal via Coinbase because of the large number of cryptocurrencies listed on this platform. This is then complemented by the fact that Coinbase is the second most liquid exchange. Plus, the Bitcoin or crypto bought with PayPal on the platform may be used to invest in such other digital assets as NFTs or to generate passive income when you stake it or contribute to liquidity pools.

The PayPal App – Buy Bitcoin Directly From PayPal App and Website

PayPal is one of the most popular and - by far – the largest online payment processing services provider. By the end of 2022, it controlled close to 42% of this global market. At the end of 2022, the pay processor had 430+ million users across the world who executed 22.4 billion transactions amounting to $1.4 Trillion throughout that year. 

buy crypto with paypal mobile app

PayPal is a large player in the digital payment processing scene. This explains the excitement with which the industry welcomed PayPal’s decision to start processing crypto purchases via its platforms – in October 2020.

At the moment, you can buy crypto with your PayPal balance directly from their website or app. However, unlike the crypto exchanges we have discussed above that present you with a wide range of crypto that you can buy with PayPal, you can only buy Bitcoin, Bitcoin Cash, Litecoin, and Ethereum on the PayPal website or app.

We feature PayPal in this list because it operates one of the most straightforward crypto investing processes. It is also beginner friendly and has a highly intuitive website and mobile app trading platforms. But even more importantly, we appreciate the fact that in addition to buying and holding your crypto using PayPal, you may use this crypto balance when checking out at crypto-friendly businesses.

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Why Buy Bitcoin With PayPal?

We have already mentioned that PayPal’s decision to start processing crypto investments and payments was received with a lot of excitement in the crypto community. Since then, PayPal has gone on to become one of the most preferred ways of buying crypto in the world. Below, we look at a few reasons why anyone should consider buying Bitcoin with PayPal.

Secure transactions

One of PayPal’s key attributes is its commitment to the safety and security of client funds and sensitive client data. All transactions carried out on its platform are end-to-end encrypted, and the payment processor is also compliant with data protection regulations.

PayPal also provides real-time monitoring of transactions and frequent analysis of accounts to prevent fraud and money laundering. HTTPS and TLS protocols are applied throughout all transactions on the site to ensure the safety of user data and funds.

Easy and fast transaction processing

You may also prefer buying crypto directly from the PayPal website or mobile app because of its user-friendliness. Buying Bitcoin and other cryptos here is easy as it technically involves swapping your fiat balance for your preferred digital currency. The digital payment company also maintains some of the fastest transaction processing speeds.  


PayPal is a multi-platform online payment service. This implies that you can buy, sell, store, transfer, and monitor your crypto investment through the PayPal website or on the move via the PayPal app. 

Additionally, PayPal started by launching the crypto trade service in US and UK and is gradually extending it to more countries across the world. And in the 200+ PayPal and crypto–friendly countries where the company is yet to launch this service, you can always rely on the exchanges we have discussed hereinabove. 


PayPal is a multinational payment processing company available in 200+ countries and territories. The company lets you buy crypto with local currencies directly from the app. Most of the crypto exchanges that let you buy crypto with PayPal are also multi-currency – allowing you to invest in crypto using local currency. 

Competitive fees and affordable buy limits

PayPal also maintains some of the most competitive fees when you buy Bitcoin on the platform. For example, when buying crypto worth between $1 and $200, the transaction fee charged will range between $0.49 and $2.49.

For amounts between $200 and $1000, PayPal charges 1.80% of the transaction amount, while crypto purchases and sales above $1000 are charged a flat fee of 1.50% - of the transaction amount. 

You will also probably appreciate the fact that, unlike some crypto exchanges that have relatively high trade limits, you can start buying Bitcoin on PayPal with as low as one unit of your local currency.

Crypto check-out

Millions have also been drawn to investing in Bitcoin and other cryptocurrencies using PayPal because of the convenience it offers during check-out. The payment processor has made it possible for virtually all its platform users to check out using crypto.

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Is PayPal A Good Place To Buy Bitcoin In 2023?

PayPal is among organizations that have made decisive decisions to embrace cryptocurrencies. Market trends have driven PayPal to offer its customers the opportunity to invest in digital currencies directly from their accounts. 

The service is currently available in the UK and the US but is expected to roll out to PayPal’s other customers across the globe. Presently, you can use your PayPal account to trade in Bitcoin Cash, Ethereum, Bitcoin, and Litecoin digital currencies.

buy crypto with paypal

PayPal offers Paypal credit to frequent platform users of the platform as the feature can be utilized to buy Bitcoin. But you must remember, PayPal does not presently have a functionality that allows you to directly trade in bitcoins using your Paypal credit. You have a choice of four supported cryptocurrencies that you can choose from when making an investment opportunity.

Overall, PayPal is a good option for somebody looking to trade in Bitcoin for the first time. This is especially true if you are a long-time PayPal user. Nevertheless, the ability to buy bitcoins directly from PayPal does not substitute for dedicated exchanges and brokerages- as they provide superior terms of services and trading features.

Buying Bitcoin on PayPal Vs. Buying Bitcoin With PayPal on Crypto Exchanges

Given the many benefits of buying Bitcoin using PayPal, you might have a difficult time deciding whether to buy Bitcoin directly using PayPal or opting for linking your PayPal account with a crypto exchange. Each of the methods has significant benefits as well as drawbacks, review the two methods for you to help you make the best decision.

Buying Bitcoin on PayPal

PayPal customers in both the UK and the US can enjoy buying crypto directly through the platform. You can purchase several cryptocurrencies with only $1 in your PayPal account. This is one of the alluring features that attract many people to buy bitcoin using PayPal. However, there are a few drawbacks to using PayPal as your preferred method for purchasing bitcoins.

First, once you purchase cryptocurrencies directly from PayPal, you cannot transfer them off the platform. Many investors will be discouraged by this limitation as they will not be able to move their holdings to an external wallet even when they have some returns from trading in cryptocurrencies from their PayPal accounts. Consequently, you cannot benefit from the cold storage of cryptocurrencies offered by some of the best crypto wallets.

Secondly, trading in Bitcoins on the PayPal platform might be more costly than with the other options. You will be charged $2.30% for investments between $25 and $ 100. since the percentage is charged on the other side of the trade, you might end up paying up to 4.5% of the trade when using PayPal to trade in BTC.

Buying Bitcoin using PayPal on exchanges

Through testing, we have discovered that the best option to buy bitcoins with PayPal is to use a dedicated crypto exchange. Numerous trading platforms already support PayPal as a payment method. eToro, Coinbase and are among the centralized exchanges accepting PayPal as a deposit method- but they all require KYC before a transfer is initiated

To start using PayPal to buy Bitcoin in these exchanges, you simply link them with your PayPal account. The account acts like a debit or credit card, and, therefore, all the deposits reflect in the account instantly. However, the main benefit of buying cryptocurrency using PayPal in exchanges is the abundance of trading options. For example, on eToro, you can view real-time information and analyze price charts. You also have the option to use some technical indicators as your trade.

 eToro will offer you the additional functionality of automating your trade using features such as copy portfolio beginner trader, this features will help you get started on your crypto investment journey. eToro does not also suffer some limitation that characterizes trading directly in cryptocurrency using your PayPal account. For example, you cannot transfer your crypto holdings off the platform.

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Step-by-Step Guide to Buying Cryptocurrencies on eToro Using PayPal

Want to jump straight to buying crypto with PayPal right now? We recommend using the all-popular eToro brokerage because it supports a wide range of digital assets and is accessible to crypto enthusiasts in 140+ countries across the world.

Here is the step-by-step guide that teaches you how to buy crypto with PayPal on eToro:

Step 1: Create a crypto investor account with eToro 

Start by opening the official eToro website on your browser or downloading the eToro mobile trader app. Click on the ‘Join Now’ icon on either platform and complete the registration form that pops up here. You will also need to create a unique username and strong password for this account.

open trading account with etoro

Step 2: Verify your identity 

Seeing that eToro is a multi-regulated crypto exchange, it is required by law to subject all its clients to KYC checks. The broker will, therefore, require you to submit a copy of a government-issued identification document, such as a passport or driver’s license.  

etoro account verification for stocks

Step 3: Fund the account 

Log in to the just approved crypto trader account and hit the “Deposit Funds” icon. A funding tab will pop up, indicating all the payment options available to you. Choose PayPal, and you will be redirected to the PayPal login page. Log in and enter the amount of cash you wish to deposit into eToro – the minimum is $10.

Step 4: Identify crypto to buy 

Once the deposit reflects in your trader account, hit the ‘Discover’ tab to reveal the supported financial instruments. Choose cryptos, and from the list of supported digital assets, identify the virtual currency you wish to invest in.

buy cryptocurrency with etoro

Step 5: Buy crypto with PayPal

Tap on the “BUY” option against your preferred crypto. Use the trading tab that pops up to customize the trade by indicating the number of cryptos you wish to buy or the investment amount. Hit the “Open Trade” button to execute this transaction.

Note: The purchased crypto will be deposited into the free, secure, and insured custodial wallet provided by the all-popular exchange. If you want to transfer them to a third-party wallet or another exchange, you will first need to download the eToro wallet app and move them here.

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Conclusion – How to Buy Crypto With PayPal

There goes everything you need to know about buying crypto with PayPal in 2023. We started by discussing the top exchanges where you can buy all the popular cryptocurrencies and hundreds of tokens with PayPal.

We also explained how you could buy Bitcoin and other cryptos directly on the PayPal website or app. But even more importantly, we looked at the benefits of investing in crypto using PayPal.

Want to start buying crypto with PayPal? Use the step-by-step guide to investing in crypto with PayPal that we have described hereinabove.

eToro – Best Exchange To Buy Crypto with PayPal

Buy Bitcoin With PayPal

buy cryptos

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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FAQs How To Buy Crypto With PayPal

Can I use PayPal to buy bitcoin on crypto exchanges?

Yes, since PayPal’s change of stance on its approach to cryptocurrencies, a growing number of crypto exchanges have embraced PayPal as a payment method. Today, you can buy crypto with PayPal on leading crypto exchanges like eToro, Binance, and Coinbase.

How do I buy Bitcoin with PayPal?

It is simple. You can buy Bitcoin directly on the PayPal website or app. Alternatively, deposit funds into a crypto exchange with PayPal and use these funds to buy cryptocurrencies.

What crypto can I buy directly from PayPal?

At the time of writing, you can only buy four types of crypto on the PayPal website. These include Bitcoins, Bitcoin Cash, Litecoins, and Ethereum.

Can you buy Bitcoin with PayPal anonymously?

No, virtually all the popular crypto exchanges that support fiat payment options, like PayPal, are obligated by law to subject their clients to KYC checks. Furthermore, even if the exchange were not to ask for personal details, the transaction is recorded on PayPal, which doesn’t support anonymous transactions.

What is the best place to buy Bitcoin with PayPal?

We would recommend buying crypto with PayPal on eToro for two reasons. First is accessibility which allows individuals in countries where PayPal crypto services aren’t supported to invest in digital assets using the payment option. Secondly, unlike eToro, which only supports four cryptos, eToro exposes you to 90+ digital assets.