How To Buy Crypto With PayPal: Steps to Take in 2024

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Mileva Stankovic, Ramsha Naushad

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Want to dive into the world of cryptocurrency using your PayPal account? 

You're in the right place!

In this easy-to-follow guide, I'll explore the best platforms and show you how to buy crypto with PayPal in 2024 across several crypto and Bitcoin exchanges

We'll cover the basics in four simple sections:

  • About crypto: A brief introduction to crypto and its utility.
  • Step-by-step guide: A straightforward path to buying crypto with PayPal.
  • Pros and cons: Weighing the advantages and disadvantages of using PayPal for this.
  • What to do with your crypto: Learn the ways you can grow your money and invest. 

Disclaimer: The information provided on this website is for informational purposes only and should not be considered as financial, investment, or legal advice. Cryptocurrency investments are volatile and high-risk in nature. Consult with a qualified financial advisor and/or tax professional before making any investment decisions. We are not responsible for any loss incurred due to the use of information on this website. Do your own research and exercise caution.

Best Sites



Exchange Rating 9.5
Available in
Available in United States

Kraken is one of the oldest exchanges out there, having been around since 2011. They offer many trading interfaces and are extremely trustworthy.

General Information

Year founded: 
Coins Available: 
Bitcoin Cash
USD Coin
Curve DAO Token
The Graph
Keep Network
Basic Attention Token
OMG Network
Ethereum Classic
Kyber Network
PAX Gold


Kraken is a registered US exchange, so they must follow strict KYC & AML laws. These laws prohibit anonymous accounts from being generated.


Kraken has one of the best reputations in the crypto industry. They are the only crypto company in the world to secure an SPDI banking license. 



Exchange Rating 7.7
Available in
Available in United States

Coinbase, a major player since its inception in 2012, is a user-friendly cryptocurrency exchange offering a secure platform for buying, selling, and managing a variety of digital assets.

General Information


Committed to regulatory compliance, Coinbase adheres to strict KYC and AML protocols, necessitating user identity verification and preventing the establishment of anonymous accounts.


With a solid reputation, Coinbase is widely recognized for its reliability, ease of use, and regulatory adherence. As a publicly traded company, it holds a position of trust in the cryptocurrency market.

Pros and Cons


Why Trust Us

At CM, we understand how important trust is when dealing with cryptocurrencies. We're committed to giving you reliable advice and trustworthy information on how to buy crypto with a debit card.

We thoroughly examine different aspects, like interest rates, the types of cryptocurrencies you can use, the terms of the transactions, how secure it is, any fees involved, and how good their customer support is.

What sets us apart is that we don't just talk about it; we get hands-on. Our CM team members actually use these platforms with their own money to see how they work. Whether you're new to crypto or an experienced user, our reviews have the information you need.

Key Takeaways


  • You can easily buy crypto right on the PayPal app
  • Protect your crypto by moving most funds to secure wallets, minimizing vulnerability to exchange risks.
  • Explore various crypto uses – from long-term "HODLing" to everyday purchases – diversifying and optimizing your digital assets.
  • Mitigate risk through diversification; spread investments across at least five different cryptocurrencies.
  • Stay updated on crypto trends, news, and regulations for well-informed decision-making in the dynamic market.
  • Continuously reassess and optimize your crypto portfolio based on market conditions and financial goals.


Pros and Cons of Buying Crypto With PayPal

When it comes to buying crypto with PayPal, there are several advantages and disadvantages to consider. Let's explore both the pros and cons of using PayPal for your crypto transactions.

Pros and Cons of Buying Crypto With PayPal
Pros Cons
Convenience and accessibility Limited availability on exchanges
Familiarity with the PayPal platform Higher fees compared to other methods
Potential security features Buyers need a PayPal account, potentially excluding those without one
Speedy transactions Purchases made with PayPal are not entirely anonymous
PayPal offers buyer protection It's essential to remain vigilant about your account's security and potential scams
Broad acceptance of PayPal  


PayPal is a widely recognized and user-friendly platform. It is a convenient way to access the world of cryptocurrencies without the need to create a new account on a crypto-specific exchange. Familiarity with the PayPal platform is a significant advantage. You can use the same interface you've been using for other online transactions, reducing the learning curve. PayPal also offers a range of security features. It includes buyer protection, encryption, and fraud detection. PayPal transactions are typically fast, allowing you to quickly complete your crypto purchases. Finally, many online retailers and services accept PayPal. 

Intro to Crypto

Cryptocurrency, often referred to as "crypto," is a revolutionary form of digital money. Unlike traditional currencies, it only exists in digital form. It's decentralized, which means it isn't controlled by any single authority.

Why Use Crypto?

Cryptocurrency, such as Bitcoin and Ethereum, has gained popularity for several compelling reasons:

  • Cryptos are not tied to any government or central authority. They give you more control over your money
  • Cryptocurrencies use advanced cryptographic techniques to secure transactions, making them highly secure
  • Crypto knows no borders. You can send and receive it from anywhere in the world with ease
  • Many people have seen significant returns on their crypto investments. It has drawn attention to the asset class
  • It has the potential to include disconnected individuals. Especially those who may not have access to traditional banking services

Understanding how to buy crypto with PayPal is crucial because it offers a convenient way to access it. Now, let's explore the step-by-step process of purchasing crypto with PayPal.

Now, let's move on to the next step: understanding the process of buying crypto with PayPal.

Setting Up a PayPal Account

Before you can dive into the exciting world of cryptocurrency, you need to set up your PayPal account. It's a straightforward process, and here are the key steps:

Signing up for a PayPal account

  • Visit the PayPal website ( or download the PayPal app.
  • Click on the "Sign Up" or "Create Account" button.
  • Follow the on-screen instructions to provide your information. You'll need to enter your name, email address, and create a password.


Linking a bank account, credit or debit card to your PayPal account

  • After signing up, log in to your PayPal account.
  • Go to the "Wallet" section.
  • Click on "Link a bank account" or "Link a card". Follow the instructions to connect your preferred payment method.


Verifying your identity and account

  • To increase your account's security and transaction limits, PayPal may ask you to verify your identity.
  • Follow the verification process. It may include confirming your email, phone number, and, in some cases, providing extra documentation.

Once your PayPal account is set up, you're one step closer to purchasing crypto with ease. Next, we'll guide you through the process of buying crypto with PayPal.

Step-by-Step Guide to Buying Crypto with PayPal 

Let me break down the process for you:

Purchasing Crypto from the PayPal app

Using the PayPal app to purchase crypto is simple. You can buy Bitcoin, Ethereum, and other popular cryptocurrencies. However, be sure to note the associated fees and any limitations on the amount you can buy.

Here's how to purchase cryptocurrency with PayPal:

On the web

  1. Click on the Crypto promotional tile on your PayPal account Dashboard.
  2. From the Crypto landing page, choose the cryptocurrency you wish to buy.
  3. Click Buy and follow any required confirmation steps.
  4. Enter the amount you want to buy.
  5. Select a payment method.
  6. Confirm your purchase.


On the app

  1. Tap on "Crypto."
  2. Select the cryptocurrency you want to buy.
  3. Tap Buy, and complete any necessary confirmation steps.
  4. Read and agree to the Terms and Conditions.
  5. Enter the purchase amount and proceed to the next step.
  6. Choose a payment method and tap Buy Now.


PayPal Fees for Buying Crypto

Here are the current fees if you wish to buy crypto on PayPal:

PayPal Fees for Crypto Purchases
Purchase or sale amount Fee
1.00 – 4.99 USD 0.49 USD
5.00 – 24.99 USD 0.99 USD
25.00 – 74.99 USD 1.99 USD
75.00 – 200.00 USD 2.49 USD
200.01 – 1000.00 USD 1.80%
1000.01 USD + 1.50%


Choosing a Cryptocurrency Exchange that supports PayPal

Selecting the right cryptocurrency exchange is crucial for a smooth experience. Here's what you need to consider:

Researching reputable exchanges

Look for exchanges with a solid reputation. Research user experiences and check for any history of security breaches or issues.

Comparing fees and supported cryptocurrencies

Different exchanges have varying fee structures. Compare fees to find a balance between cost-effectiveness and services. Check if the exchange supports the specific cryptocurrencies you want to buy.

Reading user reviews and checking for security measures

User reviews provide valuable insights into the reliability of an exchange. Additionally, ensure the exchange has robust security measures.

Selecting a suitable exchange for Crypto purchases

Based on your research and preferences, select the exchange that suits your needs. Keep in mind that it should also accept PayPal as a payment method.

Registering and Verifying Your Account

Once you've chosen an exchange, it's time to get started.

Signing up for an account on the chosen exchange

Begin by signing up on the exchange's platform. Provide the required information, including your name, email, and password.

Completing identity verification (KYC) requirements

Most exchanges require identity verification. Be prepared to provide personal documents. You need to comply with Know Your Customer (KYC) regulations.

Setting up two-factor authentication (2FA) for added security

Enhance your account's security by enabling 2FA, which adds an extra layer of protection.

Selecting an exchange that accepts PayPal

Ensure that the exchange you've chosen supports PayPal payments.

Adding PayPal as a Payment Method

Now you've chosen a cryptocurrency exchange and created your account. The next step is connecting your PayPal account to the exchange. This is an essential part of the process. Here's what you need to know:

Linking PayPal account to the cryptocurrency exchange

  • Log into your exchange account. First, sign in to your newly created account on the chosen cryptocurrency exchange.
  • Access payment methods. Look for the "Payment Methods" or "Payment Settings" section in your account dashboard. This is where you'll manage your payment options.
  • Select PayPal. In the payment methods section, you should see an option to link your PayPal account. Click on it to begin the process.
  • PayPal login. You'll be prompted to log in to your PayPal account. Provide your PayPal email and password when requested.
  • Authorize the connection. Once you've logged in to your PayPal account, the exchange will request authorization. It is to access your PayPal information securely. Confirm the connection.


Verifying the connection between PayPal and the exchange

After linking your PayPal account to the exchange, there might be a verification step:

  • Confirmation email: You may receive a confirmation email from the exchange or PayPal. Click the verification link within the email to confirm your connection
  • Verify through the exchange: The exchange may provide instructions on how to finalize it within your account settings. This could involve a code or specific verification steps.


Confirming PayPal account limits and fees on the exchange

It's vital to understand the fees associated with using PayPal on the exchange:

  • Account limits: Different exchanges may have varying limits. Especially on how much cryptocurrency you can buy using PayPal. Be aware of these limits to plan your investments accordingly.
  • Fees: PayPal transactions may incur fees on the exchange. These fees can impact your overall investment cost. Review the fee structure carefully to avoid surprises.


Making a Purchase

Now your PayPal account is connected and verified. You're ready to make your first cryptocurrency purchase. Here's what to do:

Navigating the exchange's interface

In your exchange account, navigate to the trading section or marketplace. Choose the cryptocurrency you want to buy. For example, you might select Bitcoin.

Selecting Crypto as the cryptocurrency to purchase

Once you've navigated to the right section:

  • Select the amount. Specify the amount of cryptocurrency you want to buy. Do it either in the cryptocurrency itself or the equivalent in your local currency.
  • Review the price. You'll see the current market price for the cryptocurrency. Review this before confirming your purchase.


Confirming the transaction

Once you've filled in the necessary details, confirm the transaction. The exchange will display a summary of your purchase.

Reviewing transaction details for accuracy

Before finalizing, take a moment to review the transaction details for accuracy. Ensure the amount, fees, and cryptocurrency type are correct.

Security Best Practices

It's crucial to maintain security best practices to protect your investments:

Importance of two-factor authentication (2FA)

Enable 2FA on your exchange account for added security. This extra layer of protection helps safeguard your account against unauthorized access.

Use hardware crypto wallets for added security

Consider transferring your cryptocurrencies to a hardware wallet for enhanced security. Hardware wallets are physical devices. They store your crypto offline, making it less vulnerable to online threats.

Securing both your PayPal and exchange accounts

Regularly update passwords and practice good security hygiene. Use strong, unique passwords for both your PayPal and exchange accounts. Also, change them frequently.

Be cautious of phishing and scams

Stay vigilant against phishing attempts and potential scams. Be cautious when receiving unsolicited messages or clicking on suspicious links. Always double-check the authenticity of communications related to your cryptocurrency investments.

Tips for Successful Transactions

To ensure a smooth experience when buying crypto with PayPal, consider the following tips:

Monitor the market for favorable exchange rates

Keep an eye on cryptocurrency market trends and exchange rates. Time your purchase when rates are favorable. It can help you get more value for your investment.

Avoid impulse buying and conduct thorough research

Don't rush into buying cryptocurrency impulsively. Take the time to research the specific cryptocurrency you're interested in. Understand its potential risks and rewards.

Consider alternative payment methods for larger purchases

For larger cryptocurrency investments, where fees could significantly impact your costs. Consider using alternative payment methods like bank transfers to reduce transaction fees.

Keep track of your transactions for tax purposes

Cryptocurrency transactions might have tax implications in your region. Keep detailed records of your crypto purchases, sales, and transfers to make tax reporting easier and more accurate.

So You’ve Bought Crypto, What To Do Next?

Congratulations on your successful crypto purchase using PayPal! 

Now, let's explore what steps to take next to ensure the security and growth of your digital assets.

How to secure your crypto

Avoid leaving too much of your funds on an exchange. It's convenient to leave some funds on an exchange. But it's not the safest option for long-term storage. Consider moving the bulk of your holdings to a secure wallet. Such as a hardware wallet, to protect against exchange vulnerabilities.

Transfer holdings to a cold wallet. For more security, transfer your crypto to a cold wallet. These wallets are not connected to the internet. So you can protect yourself from hacking and theft. These wallets are an excellent choice for long-term storage.

Different ways to use crypto

Many investors choose to "HODL" (a playful misspelling of "hold") their cryptocurrencies. It is about their long-term potential. This strategy involves keeping your assets for an extended period, anticipating their value will increase.

Use your cryptocurrencies to make everyday purchases. You can buy goods and services from merchants that accept digital currencies.

Consider diversifying your portfolio by investing in other cryptocurrencies. You can also explore blockchain projects as per financial goals and risk tolerance.

Some cryptocurrencies offer staking opportunities. These allow you to earn rewards by locking up your assets to support the network. Research and explore this option if it suits your investment strategy.

If you have an appetite for risk and market movements, you could venture into trading.

If you haven't already, consider diversifying your portfolio. Having exposure to at least five different coins can help spread risk. It can also increase your chances of capitalizing on diverse market trends.

Importance of staying informed

The cryptocurrency market is constantly evolving. Stay informed about the latest trends, news, and developments. 

Cryptocurrency regulations can change rapidly. New laws impact the legality and taxation of your assets. Stay up-to-date with your local regulations and global trends. 

Final Thoughts on Your Crypto Journey

You're equipped with the knowledge to navigate the world of cryptocurrencies with PayPal. It's time to take action. If you haven't already, make your first crypto purchase with PayPal! 

Protect your investments by transferring them to secure storage methods. Optimize your portfolio by diversifying across different cryptocurrencies. Continuously update your crypto knowledge to make well-informed decisions.

Your crypto journey is a dynamic and exciting one. Take what you've learned in my guide and apply it to your investment strategy.

Frequently Asked Questions

What is the process for buying crypto with PayPal?

The process for buying crypto with PayPal is relatively straightforward. You can purchase crypto straight from the app, or look for the exchange that accepts PayPal. There are a few different options available, so it’s important to do your research and find one that meets your needs.

What are the fees associated with buying crypto with PayPal?

The fees associated with buying crypto with PayPal depend on the platform you are using to purchase the crypto. Generally, PayPal charges a fee of 2.9% plus a fixed fee for each transaction. Additionally, the platform you are using may charge a fee of its own.

What is the minimum amount of crypto that can be purchased with PayPal?

The minimum amount of crypto that can be purchased with PayPal depends on the platform you are using. Generally speaking, most platforms will have a minimum purchase amount of $20 USD or its equivalent in other currencies.

What types of crypto can be purchased with PayPal?

There are several types of cryptocurrencies that can be purchased with PayPal, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and Stellar (XLM) and more. 

How do I fund my PayPal account?

Funding your PayPal account is a relatively simple process. First, you'll need to log into your PayPal account. Once you're logged in, you'll see a "Wallet" tab at the top of the page. Click on this tab and then select the "Link a Card or Bank" option. From here, you can choose to link a debit or credit card, or link your bank account.

Who can use PayPal to buy cryptocurrency?

Anyone who has a PayPal account can use it to buy cryptocurrency. All you need to do is link your PayPal account to a cryptocurrency exchange, such as Coinbase, Binance, or Kraken. Once your account is linked, you can purchase cryptocurrency with your PayPal balance or with a credit or debit card. 

Written by

Ramsha Naushad

Ramsha is all about this new thing called cryptocurrency since the global pandemic of 2019 happened. She's convinced it's the future of money.

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