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You can buy Zcash on Coinbase through their brokerage service (simple but more expensive) or the Coinbase Pro trading platform (for advanced users). Coinbase accepts users from 103 countries around the world and its payment methods include debit cards and domestic transfers such as ACH and SEPA. CoinFlip has the largest network of Bitcoin ATMs in the US. With Market leading low rates, buy using cash, card, or bank transfer. Buying crypto has never been easier.
We can both agree on this:
Buying bitcoins with PayPal is hard and confusing.
Luckily, today we'll show you how easy and fast it can be.
We've put together the complete guide on how to convert PayPal to bitcoin.
A lot of our readers have shown interest in converting PayPal to bitcoin.
It's not super simple, but yes it really works and is the best way to buy bitcoin with PayPal today.
We suggest using the exchanges listed below or doing research before buying from any exchange.
Many exchanges are simply trying to steal your passwords and personal information!
We do research on every exchange we list and are very careful not to include scam exchanges on our site.
Chapter 1
eToro Trading Platform
eToro is currently the most seamless way to buy Bitcoins using PayPal.
When nearly every other exchange either refuses to support PayPal or has been shut down after supporting it, eToro stands, ready to accept your PayPal payment (with a few caveats).
There are not many options for buying bitcoins with PayPal.
VirWoX was the major PayPal to Bitcoin exchange, but it got shut down in January 2020.
eToro is the best way to use PayPal to gain exposure to Bitcoin. It allows you to speculate on the price but access the coins.
- Independent Reserve (AU/NZ)
- Low fees with instant AUD deposits
- EFT, POLi, Osko & SWIFT
- Top cryptos, tax reports, local support & OTC desk
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
eToro
eToro is a social trading platform, and lets you deposit via PayPal. As mentioned earlier, you don't get to buy actual bitcoins but still gain exposure to its price moves.
eToro is available in most countries, but is NOT available in the following countries:
Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Botswana, Brunei, Burundi, Canada, Chad, Congo Republic, Crimea Region, Cuba, Democratic Republic of the Congo, Ethiopia, Guyana, Guinea, Guinea-Bissau, Iran, Japan, Laos, Libya, Mali, Myanmar, Namibia, Nicaragua, North Korea, Palau, Samoa, Serbia, Somalia, Sudan, Syria, Turkey, Uganda, Yemen
eToro is available in the United States, but does not accept PayPal for US customers. If you're in the USA, here are some other ways to buy bitcoin.
Recommendation
Want actual bitcoins?
Were you buying with a PayPal account connected to your credit or debit card?
Then just buy bitcoins with your credit card or debit card directly!
The fees are much lower and you'll get your bitcoins faster.
Still want to buy BTC with PayPal? Keep reading and we'll show you how!
Chapter 2
LocalBitcoins Trading Platform
LocalBitcoins has long been a workaround to the problem of buying Bitcoins using paypal.
That's because LocalBitcoins is really a network of face-to-face buyers and sellers.
Sellers can choose what forms of payment they accept, and some of them choose to support paypal.
LocalBitcoins also works for buying bitcoin with PayPal. The main issue is there are very low limits, unless you are willing to go through LocalBitcoins new KYC process. This will allow you to buy more Bitcoins but also removes a lot of the privacy protections that LocalBitcoins used to provide its users.
- Independent Reserve (AU/NZ)
- Low fees with instant AUD deposits
- EFT, POLi, Osko & SWIFT
- Top cryptos, tax reports, local support & OTC desk
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
- LocalBitcoins
- Support for nearly every country
- Wide range of payment methods accepted
- Trusted exchange around since 2012
Unlike eToro, though, it should work in most countries, and there are a wide range of sellers, all with strong feedback scores. See below:
Recommendation
Did you just buy bitcoins? Don't store your bitcoins on eToro
Move them into a Bitcoin wallet that you control.
Chapter 3
Frequently Asked Questions
In this chapter, we will answer some of the most commonly asked questions about buying bitcoin using Paypal.
It's updated regularly, so there is a good chance we've already answered any questions you have.
Does PayPal Accept Bitcoin as a Deposit Method?
You can't fund your PayPal account using Bitcoin from within PayPal.
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However:
Using an exchange like Coinbase you can sell bitcoins to your PayPal account.
Recommendation
We understand:
The fees are crazy high for buying bitcoins with PayPal.
Were you buying with a PayPal account connected to your credit or debit card?
Then just buy bitcoins with your credit card or debit card directly!
The fees are much lower and you'll get your bitcoins faster.
Can I Buy Bitcoin with PayPal on Coinbase?
No, you can only sell bitcoins from your Coinbase account TO PayPal.
Is There a PayPal Bitcoin Wallet?
There have been rumors that PayPal has been planning Bitcoin integration.
And as recently as July 22, 2020, an unknown source inside of PayPal claims they will be adding a way to buy bitcoins through PayPal soon.
Even so, PayPal still has not integrated Bitcoin with its services and even if the rumors are true, there is no guarantee there will be an integrated wallet.
Can I Buy Bitcoin with PayPal No ID?
eToro requires ID to purchase although you may be required to use a verified PayPal account.
LocalBitcoins requires ID as well.
What is Paxful?
Paxful is another way to buy bitcoin with PayPal. You can view listings here.
- Independent Reserve (AU/NZ)
- Low fees with instant AUD deposits
- EFT, POLi, Osko & SWIFT
- Top cryptos, tax reports, local support & OTC desk
- Supports Bitcoin, Ethereum & 15 other coins
- Start trading fast; high limits
- Your capital is at risk
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Buy Bitcoin With Ach Instantly Payments
recommendation
Do you want to buy large amounts of bitcoin? Try buying bitcoins with bank transfer instead.
Can you use Paypal to receive money for selling Bitcoin?
Yes of course!
As mentioned above, you can sell your Bitcoins to Coinbase or on LocalBitcoins and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling bitcoins to PayPal are 3.75% using Coinbase.
Can you buy other cryptocurrency using this method?
You can use this method to buy bitcoins and then trade the bitcoins for another cryptocurrency using an exchange like Poloniex or Kraken.
Does Poloniex accept PayPal?
No, Poloniex only deals with cryptocurrency and does not accept deposits using credit card, bank transfer, cash or PayPal.
Does Kraken accept PayPal?
Kraken is currently one of the biggest crypto exchanges and many people want to know if it accepts deposits via PayPal.
Well, the answer is no. Kraken accepts bank transfers, SWIFT, SEPA and ACH.
Does Coinmama accept PayPal?
No, Coinmama only accepts bank transfers, SWIFT, SEPA, credit card, debit card and ACH.
Chapter 4
Theft, Scams, and Storage
In this last chapter, we will cover common scams and hacks related to buying Bitcoin using paypal, as well as how to store your Bitcoins after buying so that they remain safe.
It's up to you to protect you investment, so pay close attention - buying is only half the battle.
If you get one thing from this article let it be this:
Don't store your bitcoins on exchanges!!!
I've been buying bitcoins for more than three years. I've never lost any money to scams or thefts. Follow the guidelines in this article and you'll be able to do the same.
Here are two examples where users got screwed by leaving bitcoins on exchanges:
And there are many more I could list.
Make sure you get yourself a Bitcoin wallet that will securely store your bitcoins.
Besides storage, there are many scam exchanges out to steal your credit card information and/or bitcoins.
Following these two basic principles should help you avoid theft, scams, and any other loss of funds:
- Do research before buying on any exchange. Check reviews, ratings, and regulation information.
- Don't store coins on the exchange. Already mentioned above but worth repeating.
Secure Bitcoin Hardware Wallets:
Bonus Chapter 1
How to Buy Bitcoin with PayPal on LocalBitcoins
In this bonus chapter, we walk you through how to buy bitcoin on localbitcoins using Paypal, every step of the way.
By the time you complete this chapter, it should be easy for you to get your Bitcoins using Paypal.
We don't recommend buying bitcoins with PayPal on LocalBitcoins. the fees are horrible as the premium is about 20% compared to the global Bitcoin exchange rate. Plus another 1% charged by LocalBitcoins!
Another con of using LocalBitcoins is you are dealing with an individual seller rather than a marketplace. You will also need a verified phone number connected to your LocalBitcoins account.
If you are still sure this is how you want to get your Bitcoins, here is how to do it.
To start, login to LocalBitcoins and then enter your buy amount and PayPal as the payment method:
You should now see a list of sellers willing to accept PayPal. Note that when I wrote this guide, the price of Bitcoin was $1,000 so the prices are mostly even more than 20% above the market rate!
Click on one of the sellers and you'll see a page like this:
In the example above, you can see the buyer's limits on the left side (25-100 USD). On the right, the buyer has laid a number of rules and requirements for your PayPal account. This buyer, for example, requires that you send a picture of your photo ID, have a verified PayPal account, and also send a selfie holding your ID.
Note, you can also check a seller's feedback and history. Click on the username on the right side and a new tab will show that looks like this:
This seller has 3,000+ confirmed trades so your transaction would likely go through smoothly. If a seller has no feedback/history, this is a huge red flag!
If you had a verified account then on the left side you would be able to enter how much you want to buy and go through with your trade!
Bonus Chapter 2
Buying Bitcoins from Paypal Now Supported
In this bonus chapter, we discuss the history of Paypal's comments on Bitcoin and its recent addition to the platform.
Paypal has spent many years talking down to Bitcoin, but finally offers it to buy.
PayPal Now Sells Bitcoin on its Platform!
In late October of 2020, Paypal announced it would begin selling Bitcoin and 3 other common cryptos on its platform, directly to its 346 million users.
Hardcore Bitcoiners will be sad to know that the buying functionality is really limited for now.
Users can only buy and sell thier Bitcoins within Paypal. That means that users cannot withdraw the coins or even transfer them to other paypal users. Because of this, there is no way for a buyer to take custody of the coins himself. He must trust Paypal to custody them for him.
This may be ideal for older, less technically abled investors who merely want price action from Bitcoin. Still, for now, Paypal is basically offering users a way to speculate on the price of Bitcoin and nothing else.
There is one exception to this. Users can spend the Bitcoin with merchants who accept Bitcoin via Paypal. This is because Paypal is not sending the merchant Bitcoin anyway. They are payhing the merchant in USD and accepting the Bitcoin on their behalf. So when you spend your Paypal Bitcoins at one of these merchants, they are just selling your Bitcoin for you in order to pay the merchant.
What has PayPal said about Bitcoin in the past?
Back in April 2018, the founding CEO of PayPal said that Bitcoin was the biggest scam in history. Bill Harris used the words ‘speculative’, ‘gamble’, ‘scam’ and ‘bubble’ to describe the cryptocurrency. He warned people to be careful against what he termed as a “pump and dump scheme” with risks that the world had never witnessed.
This announcement seemed to negate an earlier suggestion by a top executive at PayPal that Bitcoin would become a popular payment option. In February of 2018, Chief Financial Officer John Rainey was interviewed by Wall Street Journal. In a part of the interview titled “Crypto Factor”, he maintained that there was a likelihood of Bitcoin becoming a popular payment option.
However, Rainey indicated that it would take years before this would ever become a reality. This is a position that PayPal’s co-founder shares. Max Levchin was quoted in December 2017 saying that the digital asset technology was revolutionary. Even so, Levchin did not think that PayPal was ready to embrace the technology yet.
Paypal changing its tune on Bitcoin
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In early 2020, it emerged that Paypal had begun something called the 'Blockchain Research Group' and posted job openings for eight engineering positions in San Jose, California and Singapore.
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[Paypal wants its own] perspective and view on [blockchain] technology itself to see how it can help us contribute to the concept of creating an open digital payments platform that can serve everyone....We are a strong believer in the potential of blockchain. The digitization of currency is only a matter of when not if.
Buy Bitcoin With Ach Instantly Payment
Then, on July 22, 2020, Coindesk broke the story that Paypal would be adding Bitcoin and other crypto purchasing through its platform soon. As of now, we do not know when Paypal intends on launching this service or even what coins it will support, though its almost certain Bitcoin will among the coins offered.
What we do know is that the service will be provided via Paxos Crypto Borkerage API. Paxos will handle all custody, KYC, and compliance. Paypal will merely allow you to use your paypal balance to or connected cards to buy and sell Bitcoin through its own user interface.
PayPal has already partnered with Coinbase, BitPay and GoCoin for transactions of digital goods. This allowed merchants using Paypal to also accept cryptocurrencies with minimal effort. John Donahoe, the Chief Executive Officer at eBay, said he believed such a partnership would hugely benefit his company in the future.
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It's important to note, though, that this story comes from an anonymous source, and has not been confirmed by Paypal at this time. However, the source suggested that an announcement would be mader later this week. We'll update this page accordingly as we find out more.