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How To Buy Crypto With PayPal in 2024

Last Updated July 9, 2024 3:30 PM
Justin Murphy
Last Updated July 9, 2024 3:30 PM

Are you interested in delving into the world of cryptocurrency using your PayPal account?

You’re in luck!

Today, I’ll walk you through the best platforms and demonstrate how to buy crypto with PayPal in 2024.

We’ll break it down into four easy-to-follow sections:

  • Crypto Overview: An abbreviated introduction to cryptocurrency and its practical applications.
  • Step-by-Step Tutorial: A clear-cut pathway to acquiring cryptocurrency through PayPal.
  • Pros and Cons: Evaluating the benefits and drawbacks of utilizing PayPal for this purpose.
  • Managing Your Cryptocurrency: Discover the various avenues for growing and investing your funds.

Best Crypto Exchanges with PayPal in 2024

With so many options, finding the best Bitcoin exchanges isn’t easy. However, the CCN team is confident that these are the best options on the market.

  1. Coinbase  – Best for beginners and crypto exchanges
  2. Kraken  – Best for low fees and experienced traders
  3. eToro  – Overall best crypto exchange
  4. Gemini  – Best for security
  5. Crypto.com  – Best for crypto exchanges and mobile app

Top 5 Crypto Exchanges That Support PayPal

Before buying digital coins, pause for a few minutes and look at snapshots of each of the Bitcoin exchanges featured on this page.

1. Coinbase Exchange Review

Coinbase homepage

Overview: Coinbase was founded in 2012 and is headquartered in San Francisco, California. It is a centralized exchange that allows users to buy, sell, and trade cryptocurrencies.

Tradable coins: Coinbase supports over 200 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Fees: Coinbase charges a spread of about 0.5% for cryptocurrency purchases and sales. Additionally, there is a Coinbase fee of $0.99 to $2.99 depending on the transaction amount. Coinbase Pro, the exchange’s advanced trading platform, charges a maker fee of 0.5% and a taker fee of 0.5%.


  • User-friendly interface
  • High liquidity
  • Supports a wide range of cryptocurrencies


  • High fees compared to other exchanges
  • Limited payment options


2. Kraken Exchange Review

Kraken homepage

Overview: Kraken was founded in 2011 and is headquartered in San Francisco, California. It is a centralized exchange that offers advanced trading features for experienced traders.

Tradable coins: Kraken supports over 70 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.

Fees: Kraken’s fees vary depending on the trading volume and currency pair. The maker fee ranges from 0% to 0.16%, and the taker fee ranges from 0.10% to 0.26%.


  • Low fees compared to other exchanges
  • Advanced trading features
  • High liquidity


  • Not user-friendly for beginners
  • Limited payment options

3. eToro Exchange Review

etoro homepage

Overview: eToro was founded in 2007 and is headquartered in Tel Aviv, Israel. It is a social trading platform that allows users to buy, sell, and trade cryptocurrencies, as well as copy the trades of other successful traders.

Tradable coins: eToro supports over 120 cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin.

Fees: eToro charges a spread of about 0.75% for cryptocurrency purchases and sales. Additionally, there is a withdrawal fee of $5 and an inactivity fee of $10 per month after 12 months of inactivity.


  • User-friendly interface
  • Social trading features
  • Supports a wide range of cryptocurrencies


  • High fees compared to other exchanges
  • Limited payment options

4. Gemini Exchange Review

Gemini homepage

Overview: Gemini was founded in 2014 and is headquartered in New York, USA. It is a centralized exchange that focuses on security and regulatory compliance.

Tradable coins: Gemini supports over 40 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.

Fees: Gemini charges a maker fee of 0.35% and a taker fee of 0.35%. Additionally, there is a Gemini ActiveTrader fee of 0.25% for users who trade more than $500,000 per month.


  • High security and regulatory compliance
  • Supports a limited but high-quality range of cryptocurrencies


  • High fees compared to other exchanges
  • Limited payment options


5. Crypto.com Exchange Review

Crypto.com homepage

Overview: Crypto.com was founded in 2016 and is headquartered in Hong Kong. It is a centralized exchange that offers a mobile app for buying, selling, and trading cryptocurrencies.

Tradable coins: Crypto.com supports over 100 cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin.

Fees: Crypto.com charges a maker fee of 0.10% and a taker fee of 0.16%. Additionally, there is a Crypto.com Visa Card fee of $0 to $50 depending on the card tier.


  • User-friendly mobile app
  • Supports a wide range of cryptocurrencies
  • Low fees compared to other exchanges


  • Limited payment options
  • Not available in all countries

Disclaimer: Investing in cryptocurrencies carries significant risk. Values are highly volatile. Never invest more than you can afford to lose. This site does not provide financial advice. Act based on your own research and consult with a financial professional before making decisions. Don’t invest unless you’re prepared to lose all the money you invest.

Pros and Cons of Acquiring Crypto Through PayPal

When it comes to purchasing cryptocurrency using PayPal, there are several benefits and drawbacks. Let’s delve into both the pros and cons of using PayPal for your transactions.


  • Easy and Familiar: PayPal is a well-known, easy-to-use platform. It’s a simple way to start with cryptocurrencies.
  • You Know the Interface: If you’re used to using PayPal, that’s a plus. You can use the same familiar platform you’ve been using for other online purchases.
  • Extra Safety Measures: PayPal has a bunch of safety features like buyer protection and fraud detection.
  • Quick Transactions: Buying with PayPal is usually fast, so you can get your crypto quickly.
  • Widely Accepted: Lots of online places take PayPal. You can use your crypto for various online things.


  • Limited Choices on Exchanges: You might not find all the digital coins or exchanges you want. If you’re into less common or new cryptos, you might need other methods.
  • Higher Fees: Using PayPal can mean higher fees. These might reduce the overall value of your crypto investment.

Step-by-Step Guide to Purchasing Crypto with PayPal

purchasing flow how to buy crypto with paypal

Before you can embark on the thrilling journey into the world of cryptocurrency, you’ll need to open your PayPal account. This is a straightforward process, and here are the essential steps:

Registering for a PayPal account

  • Visit the PayPal website (www.paypal.com ) or download the PayPal app.
  • Click on the “Sign Up” or “Create Account” button.
  • Follow the on-screen instructions to provide your information. Include your name, email address, and the creation of a password.
  • Connect a bank account or credit/debit card to your PayPal account.

Once you’ve signed up, log in to your PayPal account.

  • Navigate to the “Wallet” section.
  • Click on “Link a bank account” or “Link a card.” Follow the instructions to link your preferred payment method.
  • Verify your identity and account.

To enhance the security of your account and increase transaction limits, PayPal may request identity verification.

Follow the verification process. It may involve confirming your email, and phone number, and providing additional documentation.

Using the PayPal app to buy cryptocurrency is straightforward. You can buy popular cryptocurrencies like Bitcoin and Ethereum. However, be sure to take note of any associated fees and potential limits.

Here’s how to buy cryptocurrency with PayPal:

On the web

  • Click on the Crypto promotional tile on your PayPal account Dashboard.
  • From the Crypto landing page, select the cryptocurrency you wish to purchase.
  • Click “Buy” and follow any required confirmation steps.
  • Input the amount you want to buy.
  • Choose a preferred payment method.
  • Confirm your purchase.

On the app

  • Tap on “Crypto.”
  • Choose the cryptocurrency you’d like to buy.
  • Tap “Buy” and complete any necessary confirmation steps.
  • Read and agree to the Terms and Conditions.
  • Enter the purchase amount and proceed to the next step.
  • Select a payment method and tap “Buy Now.”

How to Choose a Cryptocurrency Platform Compatible with PayPal

Making the right choice when it comes to a cryptocurrency exchange is pivotal. Here are the key factors to take into account:

Investigating reputable exchanges

Seek out exchanges with a strong track record. Research user feedback and check for any past security incidents or concerns.

Comparing Fees and Supported Cryptocurrencies

Different exchanges operate on varied fee structures. Conduct a fee comparison to strike a balance between cost-effectiveness and offered services. Confirm if the exchange accommodates the specific cryptocurrencies you intend to purchase.

Reviewing User Testimonials and Verifying Security Measures

User testimonials provide valuable insights into the reliability of an exchange. Additionally, ensure that the exchange boasts robust security protocols.

Selecting an Exchange Suited for Crypto Transactions

Choose the exchange that aligns with your requirements. Remember, it should also facilitate payments via PayPal.

Registering for an Account on the Chosen Exchange

Start by signing up on the platform of the selected exchange. Supply the necessary details, including your name, email, and password.

Fulfilling Identity Verification (KYC) Criteria

Most exchanges mandate identity verification. Be ready to submit personal documents. It’s crucial to comply with Know Your Customer (KYC) regulations. These regulations protect you as well as your funds.

Implementing Two-Factor Authentication (2FA) for Enhanced Security

Bolster your account’s security by activating 2FA. It will introduce an additional layer of protection.

Ensuring the Chosen Exchange Accepts PayPal

Verify that the exchange you’ve opted for facilitates payments through PayPal.

Integrating PayPal as a Payment Option

Now that you’ve selected a cryptocurrency exchange and established your account, the next step is linking your PayPal account to the exchange. This is a pivotal phase of the process. Here’s a breakdown of what you should be aware of:

Associating your PayPal account with the cryptocurrency exchange

  • Access your exchange account: Begin by logging into your newly created account on the chosen cryptocurrency exchange.
  • Navigate to payment methods: Locate the “Payment Methods” or “Payment Settings” section within your account dashboard. This is where you’ll manage your payment preferences.
  • Opt for PayPal: Within the payment methods section, you should find an option to connect your PayPal account. Click on it to initiate the linking process.
  • PayPal login: You’ll be prompted to log in to your PayPal account. Provide your PayPal email and password as requested.
  • Authorize the connection: After logging into your PayPal account, the exchange will request authorization to securely access your PayPal information. Confirm the connection.

Validating the link between PayPal and the exchange

Upon linking your PayPal account to the exchange, there may be a verification procedure:

  • Confirmation email: You may receive a confirmation email from either the exchange or PayPal. Click on the verification link enclosed within the email to validate your connection.
  • Verify through the exchange: The exchange might furnish instructions on how to complete this within your account settings. This could involve a code or specific verification steps.

Confirming PayPal account limits and fees

It’s crucial to grasp the fees associated with utilizing PayPal on the exchange:

  • Account limits: Different exchanges may impose varying limits. These are related to how much cryptocurrency you can purchase using PayPal. Be mindful of these limits to strategize your investments accordingly.
  • Fees: Conducting transactions via PayPal may entail fees on the exchange. These charges can impact the overall cost of your investment. Review the fee structure to avoid any unexpected costs.

Completing the Purchase on the Exchange

Now that your PayPal account is linked and verified, you’re ready to make your first cryptocurrency purchase. Here is the process to follow:

Navigating the exchange’s platform

In your exchange account, locate the trading section or marketplace. Select the specific cryptocurrency you wish to purchase, such as XRP.

Steps Details
Specify the amount Indicate the quantity of cryptocurrency you want to acquire, either in the cryptocurrency itself or its equivalent value in your local currency
Review the price Familiarize yourself with the current market price for the chosen cryptocurrency before confirming your purchase
Verifying the transaction Upon entering the necessary details, proceed to confirm the transaction. The exchange will present a summary of your purchase
Reviewing transaction particulars for accuracy Before finalizing the transaction, take a moment to verify the details for precision. Ensure the amount, associated fees, and type of cryptocurrency are correct

Finalizing purchase on the exchange

Security best practices

Maintaining optimal security practices is vital for safeguarding your investments.

  • Emphasis on two-factor authentication (2FA): Activate 2FA for your exchange account to provide an extra layer of security against unauthorized access.
  • Utilize hardware wallets for enhanced security: Consider transferring your cryptocurrencies to a hardware wallet. These physical devices store your crypto offline, reducing vulnerability to online threats.
  • Fortify both your PayPal and exchange accounts: Regularly update passwords and adhere to sound security practices. Employ robust, distinct passwords for both your PayPal and exchange accounts, and update them regularly.
  • Exercise caution with phishing and scams: Stay vigilant against phishing and potential scams. Exercise prudence when encountering unsolicited messages or clicking on suspicious links. Always verify the legitimacy of communications related to your cryptocurrency investments.

Tips for successful transactions

To ensure a seamless experience when purchasing crypto with PayPal, keep these tips in mind:

Monitor the market for favorable exchange rates

Stay attuned to cryptocurrency market trends and exchange rates. Time your purchase when rates are advantageous. This will maximize the value of your investment.

Avoid impulsive purchases and conduct thorough research

Refrain from hasty decisions when buying cryptocurrency. Invest the time to research the specific cryptocurrency you’re interested in. Make sure you’re aware of potential risks and rewards.

Consider alternative payment methods for significant purchases

Large cryptocurrency investments mean fees could impact your costs. Consider utilizing alternative payment methods like bank transfers or credit cards to mitigate transaction fees.

Maintain a record of your transactions for tax purposes

Cryptocurrency transactions may have tax implications in your region. Keep meticulous records of your crypto purchases, sales, and transfers. You may need these for accurate and efficient tax reporting.

You’ve Successfully Bought Crypto, What’s Next?

Great job on buying crypto with PayPal! Now, let’s figure out what to do next to keep your digital assets safe and growing.

Avoid Keeping Too Much on an Exchange

While it’s convenient to leave some funds on an exchange, it’s not the safest for the long term. Consider moving most of your holdings to a secure wallet like Trust Wallet. Even better, use a hardware non-custodial wallet to protect your holdings against exchange vulnerabilities or phishing attacks.

Transfer to a Cold Wallet for Extra Security

For even more safety, transfer your crypto to a cold wallet. These wallets aren’t connected to the internet, so you’re shielded from hacking and theft. They’re an excellent choice for long-term storage.

Different Ways to Use Your Crypto

  • HODL for the Long Term: Some people choose to “HODL” their cryptocurrencies. They’re hoping the value will go up.
  • Make Everyday Purchases: You can use your cryptocurrencies to buy things from merchants that accept digital currencies.
  • Diversify Your Portfolio: Think about investing in different cryptocurrencies. Exploring blockchain projects based on your financial goals and risk tolerance.
  • Consider Staking for Rewards: Some cryptocurrencies and platforms offer staking opportunities. This means you can earn rewards by locking up your assets to support the network. Research and see if this aligns with your investment strategy.
  • Explore Trading: If you’re up for the challenge of market movements, you might want to try trading.

Why Staying Informed Matters

The world of cryptocurrencies is always changing. Stay in the loop about the latest trends, news, and developments.

Regulations for cryptocurrencies can shift quickly. New laws can affect the legality and taxation of your assets. Stay updated with your local rules and what’s happening globally.

About Cryptocurrency

Cryptocurrency, often just called “crypto,” is a new kind of digital money. Unlike regular money, it only exists online. It works in a way that’s not controlled by any single group. Bitcoin and Ethereum have gained popularity for a lot of compelling reasons:

  • Cryptos operate independently of any government or central authority. They give you greater control over your finances.
  • Advanced cryptographic techniques secure cryptocurrency transactions, making them highly resilient against unauthorized access.
  • Cryptocurrency transcends borders. It enables seamless sending and receiving from any part of the world.
  • Many individuals have witnessed substantial returns on their cryptocurrency investments.
  • It holds the potential to include unbanked individuals.

Mastering the process of purchasing crypto with PayPal is vital as it offers a straightforward means to access this digital asset.

Now, let’s delve into the step-by-step procedure for acquiring crypto using PayPal.

Final Thoughts on Your Crypto Adventure

This guide has equipped you with essential insights, from understanding the basics to navigating the complexities of buying crypto. Remember, diligence and informed decision-making are important in this landscape. Whether it’s choosing the right exchange, securing your assets, or exploring diverse investment avenues, your informed approach will define your success.

Keep your investments safe by using secure storage methods. Make your portfolio even better by spreading your investments across different cryptocurrencies. Stay updated with crypto information to make smart choices. Your crypto journey is full of excitement and new experiences. Apply the insights from this guide to your investment plan.

Frequently Asked Questions

How do I buy crypto with PayPal?

The process is quite simple. You can buy crypto directly from the PayPal app or find an exchange that accepts PayPal. There are various options available, so take your time to choose the one that suits you best.

What fees come with buying crypto using PayPal?

The fees depend on the platform you use for buying crypto. Generally, PayPal charges a 2.9% fee plus a fixed amount for each transaction. Additionally, the platform itself may have its own fee.

What's the minimum amount of crypto I can buy with PayPal?

The minimum amount varies based on the platform. Typically, most platforms have a minimum purchase of $20 or the equivalent in other currencies.

What kinds of crypto can I buy with PayPal?

You can buy various cryptocurrencies with PayPal, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Stellar (XLM), and more.

How do I add funds to my PayPal account?

It’s easy! Log in to your PayPal account, click on the “Wallet” tab, and then choose “Link a Card or Bank.” From there, you can link a debit or credit card, or connect your bank account.

Who can use PayPal to buy cryptocurrency?

Anyone with a PayPal account can use it to buy cryptocurrency. Just link your PayPal account to a crypto exchange like Coinbase, Binance, or Kraken. Once linked, you can purchase crypto using your PayPal balance or a credit/debit card.

how to buy crypto with paypal