FAQs
Here's how to buy cryptocurrency with PayPal on the web:
- Click Finances.
- Click Buy.
- Choose a crypto to buy.
- Choose an amount and frequency (Daily, Weekly, Biweekly, or Monthly.) Frequency will default to One-time.
- Choose a payment method and tap Next.
- Click Buy Now.
If trading less than $150 at a time PayPal Crypto can be cheaper but can have higher fees after that depending on the alternative cryptocurrency exchange or online broker you are comparing to. Fees can change at anytime to do check for the most current information.
Why can't i buy crypto with PayPal? ›
PayPal users who wish to buy cryptocurrencies via the platform must verify their identity. Verification includes providing necessary documents like passports for users to be able to buy crypto. But, major cryptocurrency exchanges also need their customers to undergo a similar approval process when they first sign up.
How to activate crypto on PayPal? ›
Here's how to use crypto at checkout:
- Select Checkout with PayPal.
- Enter your PayPal account information and select Log In.
- Select the crypto, review the terms and conditions, then click Got It.
- Review the exchange rate and select Sell (Bitcoin, Ethereum, Litecoin, Bitcoin Cash, or PayPal USD) to continue.
Buying or selling a cryptocurrency
| Purchase or sale amount | Fee |
|---|
| 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% |
2 more rows5 Best Crypto Exchanges That Accept PayPal 2024
- CoinBase: Best for international users.
- Changelly: Best for advanced traders.
- eToro: For those looking for a social connection.
- Kraken: For the serious trader.
- Paxful: Best P2P trading platform for pure anonymity.
The big advantage of PayPal is that it's extremely easy to use. If you're a PayPal customer who wants to get some exposure to cryptocurrency without any hassle, it may be a good option. However, if you want to dive deeper into the cryptocurrency waters, Coinbase has a lot to offer.
How safe is my crypto on PayPal? ›
cryptocurrency purchases are protected in the event unauthorized activity takes place. If you suspect fraudulent activity on your account, please report it immediately.
What is the limit on PayPal crypto purchases? ›
The weekly purchase limit is $100,000.00 U.S. dollars. Here's the Help Center Article for the Crypto Term and condition for reference. If you're having issues, kindly contact PayPal Customer Support Team so that our Concerned team is investigating help you accordingly.
Why has PayPal stopped selling crypto? ›
PayPal's crypto purchasing service is temporarily paused while we update our system to comply with new UK regulations. You can continue to hold your crypto, or you may sell if you choose.
To enable external transfers, you'll need to go through an additional level of account verification. Once enabled, all you need is an external crypto address to transfer cryptocurrency out of PayPal. Be sure that you enter an address for the exact cryptocurrency you want to send.
Is PayPal having issues with crypto? ›
Current PayPal Crypto status is UP.
How to buy crypto through PayPal? ›
How to Buy Bitcoin Directly on PayPal
- Sign up for an account if you don't already use PayPal.
- Click on “Finances” on the top left, then “Crypto” (available only to supported locations)
- Click on “Bitcoin” and “Buy”
- Enter the amount of Bitcoin you want to buy.
- Select your payment method and click “Next”
What is the minimum transfer amount? For internal transfers, the minimum transfer amount is $0.01 per transfer. For external transfers, the minimum transfer amount is defined in the cryptocurrency being transferred as: BTC - .001 BTC.
How to verify crypto on PayPal? ›
Are you asking what you have to verify on your PayPal account to purchase Crypto with PayPal? If so, PayPal will verify your identity through our CIP process. Once you are CIP verified, PayPal may also ask you to confirm your bank or card if needed. After that, you should be all set to purchase Crypto!
Can I send Bitcoin from PayPal to another wallet? ›
Here is how to transfer to an external BTC address or PayPal customer:
- Go to the Finances tab.
- Tap your crypto balance.
- Tap the. ...
- Tap Send.
- Select the contact you want to send crypto to.
- You'll need to enter an external crypto address if you want to transfer cryptocurrency out of your account.
PayPal, which first launched crypto buying and selling in 2021, said in August that it was temporarily pausing the ability of UK customers to buy cryptoassets from Oct. 1, and that it expected to restart in early 2024.
Does Coinbase accept PayPal? ›
You can only link your PayPal account to one Coinbase account at a time. To add a different PayPal account, you must first unlink your previous one on file. Prepaid cards, business cards, and credit cards linked to your PayPal account are not currently supported by Coinbase.
Can I buy crypto with PayPal on Trust wallet? ›
First you'll have to withdraw money from PayPal to bank account or to MPesa and use that money to buy crypto at an exchange and transfer it to Trust Wallet app OR use the funds to buy crypto with say a debit card associated with your bank account or Google Pay right in Trust Wallet app itself.
Crypto.
