Buy Crypto with PayPal
Explore the pros and cons of buying cryptocurrencies through PayPal. Understand the fee structure, supported assets, and limitations for informed investing.
Summary: While PayPal does provide cryptocurrency services, its limitations in token variety and high transaction fees make it less ideal for serious crypto investing. For a more robust experience, consider regulated digital asset exchanges that support multi-currency deposits via PayPal.
After scrutinizing over 10 platforms, we highly recommend Bybit. The platform excels in offering free and instant deposits in multiple currencies (USD, EUR, GBP, and 30 more) from PayPal, along with competitively low trading fees. As one of the largest and most trusted exchanges globally, Bybit is both regulated and used by over 15 million satisfied investors.
Can I Buy Crypto on PayPal?
Yes, PayPal offers a straightforward way to buy select cryptocurrencies. The platform currently supports Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. However, be mindful of PayPal's transaction fees for crypto purchases, which are relatively high. You'll encounter a trading fee of 1.8% and a spread that varies between 1% and 2%. As a result, your total transaction cost could span from 3% to 4%. Considering these fees, PayPal may not be the most cost-effective avenue for crypto investments.
How to Buy Crypto with PayPal
Investing in Bitcoin, Ethereum and other cryptocurrencies using your PayPal account can be an effective and safe strategy when done through a recognized global exchange like Bybit. With PayPal's simple integration, it's never been easier to invest in over 350 different crypto assets while maintaining minimal transaction fees.
Get started with this simple four-step guide.
- Sign up to Bybit and verify your account.
- Select the 'Buy Crypto' option and P2P Trades to deposit funds.
- Select the currency you want to deposit and 'PayPal' as your payment method.
- Find the crypto asset you want to buy on Bybit and execute your trade.

What is the Fee to Invest?
The cost of investing in cryptocurrencies through PayPal can differ based on the specific platform you use. For instance, Bybit offers a compelling fee structure, starting at just 0.1% for its extensive range of over 350 digital assets. This is more budget-friendly compared to platforms like Crypto.com or Coinbase, where fees can go beyond 2%. Additionally, you'll incur PayPal's standard domestic transaction fee, which can reach up to 2% per deposit.
Is PayPal Crypto-Friendly?
PayPal does support a select range of cryptocurrencies. However, it has limitations including the inability to transfer crypto to other accounts and control over private keys. So, while PayPal provides some crypto access, it may not be the best option for serious traders or those desiring full crypto control. Always check current policies as they can rapidly change in the crypto world.
Bottom Line
In summary, PayPal offers a convenient but somewhat limited avenue for investing in cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. While its transaction fees are on the higher side, ranging from 3% to 4%, platforms like Bybit offer more cost-effective solutions with fees as low as 0.1%. Bybit also expands your crypto options to over 350 digital assets.
While PayPal does facilitate easy entry into the crypto market, it lacks features like transferring crypto to other accounts and control over private keys, which may not suit more serious traders. Therefore, it's crucial to assess your trading needs, the fee structure, and your desire for control over your assets when choosing a platform for your crypto investments.