How to Buy USDT with PayPal
After reviewing over the 30 of the top crypto platforms in the world, our research team concluded that Bybit was the best exchange to buy USDT with a PayPal deposit in any currency. Their platform allows users to onboard with no KYC or verification in over 100 countries and instantly connect their PayPal account to buy USDT and hundreds of other crypto assets.
Here is a quick step-by-step guide to getting started:
- Visit Bybit and sign up an account.
- Select 'Buy Crypto' and select 'P2P as your deposit method.
- Select 'USDT' and 'PayPal' as the token and payment method you want to use.
- Find a vendor on Bybit that is selling USDT for PayPal transfers and select 'Buy USDT' to complete your order.
What are the PayPal USDT Limits?
The limits to buy USDT with PayPal on platforms like Bybit usually do not exceed 1,000 USD over a 24 hour period. This is likely because PayPal would flag higher amounts, which would result in a frozen account or another penalty. Based on our experience, we recommend not trying to exceed this limit and buying USDT over multiple days if you need to get more than 1,000 USD worth.
Why doesn't PayPal offer Tether (USDT)?
The reason why PayPal does not offer Tether (USDT) is not entirely clear. However, it's worth noting that PayPal's approach to cryptocurrency has been cautious, with a focus on mainstream adoption and integration into its existing payment infrastructure. As such, the company has limited the range of cryptocurrencies it offers to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. It is possible that PayPal may expand its offering to include other cryptocurrencies, including Tether (USDT), in the future, but this has not been confirmed.
What are the Fees?
The fees to buy Tether (USDT) with a PayPal account via Bybit are completely free. That said, there is generally a spread between the normal price of USDT and the purchase price using this method that can be as high as 10%. This is because you are buying from a vendor and not the platform, who usually have higher overhead costs than most exchanges.
In conclusion, while PayPal's crypto platform does not offer direct purchases of USDT, there is a solution. Bybit is the only exchange we found that allows users to buy and sell USDT with a PayPal deposit, and offers a range of other crypto assets. Users can easily connect their PayPal account to the platform and purchase USDT with no KYC or verification in over 100 countries.
While there is a limit of 1,000 USD over 24 hours and a spread between the normal price and purchase price, the fees for this method are free. Follow our step-by-step guide to get started with this safe and trusted digital asset exchange.