How to Buy Bitcoin with PayPal in 2024 – Safest Methods Revealed

As cryptocurrencies gain popularity, many people are looking for ways to buy Bitcoin, the most popular digital currency. PayPal, a popular online payment network, is a straightforward way to purchase Bitcoin.

This article will walk you through the process of buying Bitcoin with PayPal, providing step-by-step instructions to help you complete the transaction smoothly. We also explore some of the key metrics in terms of low fees, safety, and processing times.

Why Buy Bitcoin with PayPal?

To begin this guide on how to buy Bitcoin with PayPal, let’s explore some of the reasons why this payment method is popular with crypto investors.

High Security

PayPal facilitates one of the safest ways to buy Bitcoin online. This is because investors are not required to type in credit card details into their chosen crypto exchange.

Instead, investors simply need to sign into their PayPal account. Account logins are processed via an encrypted pop-up box. This means that crypto exchanges cannot see the email address or password used to log in.

Once logged in, the investor’s payment details will already be linked to their PayPal account. As such, the investor can complete their Bitcoin purchase without needing to expose their sensitive financial information.

Buyer Protection

Another safety net when exploring how to buy Bitcoin with PayPal is the Buyer Protection Scheme.

This will come in handy if the investor has issues with the crypto exchange. For example, if the exchange charges higher fees than was originally quoted. Or, if the buyer doesn’t receive the Bitcoin in their wallet.

Buying Bitcoin With PayPal

Either way, the PayPal Buyer Protection Scheme can help investors recover their funds.

Here’s how it works:

  • Let’s say an investor buys $1,000 worth of Bitcoin with PayPal via a crypto exchange
  • The investor doesn’t receive the correct amount of Bitcoin, and the exchange won’t provide further assistance
  • Within 60 days of making the payment, the buyer raises a claim with PayPal
  • PayPal will then investigate the transaction and ask the buyer for supporting documentation
  • In the meantime, PayPal will freeze the funds from the exchange’s e-wallet account

If PayPal determines that the dispute is valid, they will deduct the funds from the exchange and return the money to the buyer.

This offers peace of mind to investors who might be wary of buying Bitcoin online.

Fast Deposits

Another benefit of using PayPal to buy Bitcoin is the speed of the purchase. Just like debit/credit cards, PayPal transactions are processed instantly.

Is KYC Required if I Already Have a Verified PayPal Account?

  • The simple answer is yes – the KYC process is a legal requirement for crypto exchanges processing fiat money payments.
  • This is the case even if the user has a verified PayPal account.
  • Fortunately, many crypto exchanges have an automated KYC procedure in place.
  • This means that uploaded documents can be verified near-instantly.

This means as soon as the deposit is approved, the funds will be credited to the buyer’s exchange account. In contrast, bank account payments can take several days to arrive.

Speedy Withdrawals

Just like deposits, PayPal offers one of the fastest ways to withdraw funds from a crypto exchange.

For instance, once the crypto exchange approves the withdrawal, the funds will leave their PayPal account instantly. Within seconds, the funds will arrive in the buyer’s PayPal account. This is because PayPal does not need to use third parties to process the transaction.

This isn’t the case with debit/credit cards or bank account withdrawals.

For instance, it’s likely that at least two financial institutions are involved when withdrawing funds from an exchange and into a bank account. The transaction will also need to go through a domestic or international payment network, such as ACH or SWIFT. This can delay the process by several days.

How Long Does it Take to Withdraw Funds From PayPal to a Bank Account?

  • PayPal notes that standard withdrawals usually take 1 business day to reach US bank accounts
  • However, the process can take up to 5 business days.
  • US clients can expedite the process by selecting an Instant Transfer
  • However, Instant Transfers are charged 1.75% of the withdrawal amount

Low Fees Are Available

PayPal often falls within the same bracket as debit/credit cards when depositing funds into a crypto exchange. By this, we mean that fees are high to counter the added risks of a chargeback.

For example, Coinbase charges nearly 4% on PayPal deposits.  While on, PayPal deposit fees amount to 2.1%.

How to Buy Bitcoin with PayPal – Quick Steps

Before proceeding with our comprehensive guide, we’ll quickly explain how to buy Bitcoin with PayPal instantly in 2024. We’ll use Paxful for this mini-tutorial, considering PayPal fees start from 0%.

  • Step 1: Open an Account With PaxfulHead over to the Paxful website and register an account. Choose a username and password, and enter some personal information when prompted.
  • Step 2: Complete the KYC Process – A quick KYC process is required before PayPal can be used. Simply upload a government-issued ID and a recently issued proof of address document. KYC at Paxful is automated, so should only take a couple of minutes.
  • Step 3: Search for Offers – One of the draws of Paxful is the massive range of payment options for those wanting to purchase crypto. Once you have entered the ‘Crypto Listings’ page, search for Bitcoin and filter the results to your liking. We are looking to buy Bitcoin with PayPal.
  • Step 4: Buy Bitcoin – Finally, choose your seller from the list of Paxful approved Bitcoin merchants. If you cant decide, Paxful can choose for you. Once chosen, click ‘Buy Bitcoin’ to instigate the payment process. The Paxful platform will then prompt you to connect with your PayPal wallet. Once connected, click ‘Ok’ to complete the transaction.

Read on for a more in-depth guide on how to buy BTC with PayPal instantly.

Note: Check out other popular methods to buy Bitcoin, such as:

Where to Buy Bitcoin with PayPal

Still searching for the best site to buy Bitcoin with PayPal? Some of the key metrics to look for include fees, minimum deposits, processing times, and trading commissions.

Below, we review the best crypto exchanges to buy Bitcoin online with PayPal in 2024.

1. Paxful – Peer to Peer Bitcoin Trading Supporting a Range of Purchase Options

Paxful is a peer to peer online Bitcoin exchange where users can meet and trade Bitcoin through the use of an in-built escrow account. Founded in 2015, Paxful has grown to become one of the leading peer to peer marketplaces currently boasting some 9 million satisfied users worldwide.

One of the core features of Paxful is the massive range of purchase options you can choose from. Alongside Paypal, Paxful users can choose to pay with gift cars, bank transfer, cash deposit or credit and debit cards to name just a few. The platform is intuitive and easy to navigate, even for beginners.

Paxful features and benefits

The wide range of purchase options make Paxful one of the most flexible platforms of its kind. Expert traders can even make money through arbitrage on the Paxful platform.

As you might expect, security is of paramount importance and users are expected to use 2FA and always stay within recommended guidelines for safe trading. The generous Paxful fee structure means that there is no fee for buying Bitcoin but expect to pay between 0.5 and 5% to sell.

Pros pros

  • Simple and effective user interface
  • Huge range of payment methods
  • Peer to peer reputation system
  • Zero trading fees

Cons cons

  • Limited customer support

2. Kraken – Complete Near-Instant Payments with PayPal, 2.4% Fee per Transaction

With the Kraken exchange, users can buy Bitcoin instantly with a PayPal account. This popular trading platform was founded in 2011 and launched its proprietary crypto exchange in 2013. Since then, Kraken supports 220+ cryptos, provides multiple payment options, and offers leverage trading opportunities. 

Since Kraken has only recently rolled out PayPal as a payment method, this feature can only be availed using the mobile application. PayPal can be used by members of the United Kingdom, and most European countries. Notably, users are required to pay a 2.4% fee per transaction when using PayPal. 

Kraken Home page

Users can transfer up to $1,000 every day by using this payment method. Along with Bitcoin, Kraken supports top cryptos such as Ethereum, USDT, Solana, and Cardano. Through the Kraken Pro platform – users can start trading cryptos by paying a fee of just 0.26% per transaction. The fee reduces as your 30-day trading volume increases. 

Comparatively, users must pay a much higher fee when buying cryptos instantly. The standard Kraken account charges a 1.5% instant fee on cryptos, and a 0.9% fee when trading stablecoins.

The platform also supports up to 5x leverage trading for retail clients. Higher leverage is offered to retail clients.

A safe and secure exchange, Kraken is one of the few big crypto platforms to have never faced a security breach or hacking. It stores 95% of all assets in cold storage and implements AML and two-factor authentication (2FA) features to protect the user’s assets. 

Pros pros

  • Supports near-instant deposits with PayPal 
  • Uses 2FA and AML security features
  • Never been hacked or faced a major security breach
  • Over 220 cryptos supported 
  • Low fees with the Kraken Pro account.

Cons cons

  • Higher fee for instant buying/selling 

3. Coinbase – Beginner-Friendly Crypto Exchange Supporting PayPal Payments 

Coinbase is one of the top crypto exchanges that support PayPal payments. While we like Coinbase for its user-friendly dashboard, regulated status, and solid security controls – it’s one of the most expensive options in the market. This is because buying Bitcoin with PayPal costs 3.99%. This is the same rate as using a debit/credit card.

Moreover, selling Bitcoin back to US dollars will cost 1.49%. All that being said, Coinbase offers a safe and trusted way to buy Bitcoin with PayPal. For example, Coinbase is regulated in the US and is now listed on the NASDAQ exchange. Coinbase also offers institutional-grade security tools, such as IP and device whitelisting – not to mention two-factor authentication.

Coinbase review

Moreover, Coinbase makes the Bitcoin investment process frictionless. It rarely takes more than 10 minutes to buy Bitcoin with PayPal. This includes the KYC process, as documents are verified instantly. Coinbase is also suitable for building a diversified portfolio. It supports over 100 cryptocurrencies, covering popular altcoins like Ethereum, Litecoin, Uniswap, and Dogecoin.

Pros pros

  • Buy Bitcoin with PayPal in under 10 minutes
  • Regulated exchange that was launched in 2012
  • Strong commitment to security and safety
  • Perfect for beginners buying Bitcoin for the first time

Cons cons

  • PayPal fees cost 3.99%
  • Trading commissions are charged at 1.49%

4. – Instantly Deposit Funds With PayPal at a Fee of 2.1% is also one of the best places to buy Bitcoin with PayPal. Before getting started, users will need to open a account and download the app for iOS or Android. This is because PayPal payments are only supported by the app and not the main desktop exchange. After completing a quick KYC process, PayPal deposits can be made instantly.

The process is fast and safe, although fees are higher at 2.1%. This works out at $21 for every $1,000 deposited. Once the deposit lands in the account, users can proceed to buy Bitcoin. charges trading commissions of just 0.075%. We found this to be one of the lowest in the market. After completing the Bitcoin purchase, users have several options. review

For example, some investors leave their BTC tokens in their main wallet. Those who prefer non-custodial wallets can download the DeFi app. This gives users full control of their private keys. Alternatively, some investors will deposit the BTC tokens into a savings account. While this yields passive income, yields are currently limited to 1.5% annually.

Pros pros

  • Instantly buy Bitcoin with PayPal after completing the KYC process
  • Pay just 0.075% in commission to buy Bitcoin after making a deposit
  • Also supports 250+ other cryptocurrencies
  • Choose from a custodial or non-custodial wallet app

Cons cons

  • PayPal deposit fees of 2.1% are higher than other exchanges
  • PayPal payments can only be made via the app

5. Bitstamp – Established Bitcoin Exchange With 0% Commission on the First $1,000 Traded  

Next up is Bitstamp – one of the most established Bitcoin exchanges in the market. Launched in 2011, Bitstamp supports dozens of cryptocurrencies. This includes Bitcoin, Ethereum, Dogecoin, Solana, and Litecoin. The fee structure at Bitstamp varies widely depending on the payment method used. For example, while ACH transfers are free of charge, PayPal deposits cost 4%. This is also the case with debit/credit cards.

That being said, Bitstamp makes up for this with highly competitive trading commissions. For example, there are no commissions to pay when trading under $1,000 per month. This brings the overall cost down considerably, especially for those trading small amounts. Do note, however, that a 0.4% commission will kick in when exceeding monthly volumes of $1,000.

Bitstamp review

Nevertheless, We like that Bitstamp is available on standard desktop browsers and as a native mobile app. The latter is available on iOS and Android. Moreover, Bitstamp keeps 95% of client-owned digital assets in cold storage wallets. We also like that users can whitelist their devices. Bitstamp also offers a ‘Pro’ platform for seasoned traders seeking advanced trading tools.

Pros pros

  • Supports PayPal deposits – as well as debit/credit cards
  • Established in 2011
  • No trading fees on monthly volumes under $1,000
  • 95% of client-owned digital assets are kept in cold storage

Cons cons

Is PayPal a Good Place to Buy Bitcoin?

So far, we have discussed how to buy Bitcoin with a PayPal balance on leading crypto exchanges. That said, PayPal also allows verified users to buy Bitcoin directly on its website.

In this section, we explain why electing to buy Bitcoin via PayPal isn’t the best option.

High Trading Commissions 

The main issue with buying Bitcoin directly on PayPal is its high fees. The e-wallet provider charges fees based on the amount purchased.

The lowest fee available is 1.50% per slide. This requires a minimum purchase of $1,000. For trades between $200 and $1,000, the fee is increased to 1.8%.

Any Bitcoin purchases below $200 attract a flat fee. This works out at a higher percentage commission.

For example, buying $25 worth of Bitcoin will cost $1.99. While this might not sound like a lot, this works out at a commission of almost 8%. Similarly, buying $5 worth of Bitcoin costs $0.99. That’s a commission of nearly 20%.

Hidden Spreads 

Another issue with the pricing structure on PayPal is the spread. This is the difference between the bid and ask prices of Bitcoin.

Now, to find out what spreads are charged, PayPal redirects users to its terms and conditions.

  • Deep within the PayPal terms and conditions, it states that it “may include an estimated spread of one-half of one percent (0.5%)
  • It then goes on to state that the spread can be higher or lower than this figure.
  • However, it will not “disclose the spread we earn on each transaction“.

As such, we found that PayPal is not transparent enough for our liking. Crucially, investors will not know what spreads they are paying when buying and selling Bitcoin.

What Cryptocurrencies Does PayPal Support?

PayPal supports four cryptocurrencies. This includes Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Investors seeking a more diversified portfolio will need to consider a crypto exchange, such as Coinbase.

Withdrawal Minimums

Also hidden deep within the PayPal terms and conditions is the minimum amount of Bitcoin that can be transferred to another wallet.

This stands at just 0.001 BTC, or about $70 based on current Bitcoin prices. As such, if an investor buys less than 0.001 BTC, they won’t be able to withdraw the tokens to a private wallet.

Buying Bitcoin On PayPal vs Buying Bitcoin Using PayPal on Crypto Exchanges

Now that we have discussed the drawbacks of buying Bitcoin on PayPal, let’s explore the benefits of using a crypto exchange instead.

Trading Tools

Crypto exchanges offer significantly more trading tools than PayPal. At a minimum, this will include live pricing charts.

In most cases, crypto exchanges offer analysis tools, such as technical indicators. This enables investors to make informed decisions before buying or selling Bitcoin.

Much Wider Range of Cryptocurrencies 

PayPal offers access to just four cryptocurrencies; Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. This won’t appeal to investors that exposure to a much wider range of projects.

Leveraged Products 

While only suitable for experienced traders, many crypto exchanges offer access to leveraged products.

PayPal only offers basic spot trading services without margin or leverage.

How to Buy Bitcoin with PayPal on Paxful- Tutorial

In a step by step guide, we will now explain how to buy Bitcoin with PayPal on Paxful in 2024.

Step 1: Open a Paxful Account

First, open an account by visiting the Paxful website and clicking on ‘Register.’

Complete the registration form that appears by entering an email address and choosing a username and password. If you have a referral code, now is the time to use it.

After clicking on ‘Create Account’, solve the puzzle to proceed. It shouldn’t take more than a couple of minutes to complete the registration process.

Step 2: Get Verified 

Paxful is a regulated crypto exchange that complies with anti-money laundering regulations. This means a KYC process is required.

The exchange will email a PIN and a link to the email you used at registration. Click the link to verify your email address.

You must also verify your phone number. Enter your mobile number when prompted and click on ‘Send Code’. When you receive the code via text, enter the number on the web page.

You can pause the verification process at any time however you cannot complete a trade until it is complete.

Step 3: Search for Offers

Once verified, you will be automatically taken to the crypto listings page. This is where sellers offer their crypto for sale. Be sure to filter the results to find the selections which appeal to you.

As we are looking to buy Bitcoin through PayPal with US dollars, make sure the search results reflect this. The currency defaults to your home country so remember to change this if you want to use a different one.

Next, click ‘Find Offers’ to find a match for your requirements. Select an offer which looks of interest and click ‘Buy’.

The following page will display the amount of Bitcoin you will receive for the amount you are looking to spend. If you are happy, review the offer and click ‘Buy Now’.

Step 4: Finalise the Deal 

After you have clicked the ‘Buy Now’ button, your Bitcoin is locked in escrow until the buyer receives payment.

Once the seller confirms receipt of the funds, in this case PayPal, the seller will release the Bitcoin from escrow which will arrive in your Paxful wallet. The trade is now complete.

Bitcoin Minetrix Token – Exposure to Cloud Mining with Attractive Staking Rewards

For those looking for a Bitcoin alternative that could offer superior upside, Bitcoin Minetrix is one of the best available presales.

The idea behind Bitcoin Minetrix is unique. By staking your $BTCMTX tokens, holders get receive ‘Cloud Mining Credits’ which entitle the holder to time on the in-build cloud mining protocol.

This novel concept provides cryptocurrency beginners and experts the opportunity to gain exposure to Bitcoin mining while earning passive staking rewards.

With 42.5% of the available $BTCMTX tokens available for staking, there has never been a better chance to get involved.

Bitcoin Minetrix is a fun and cost effective way to ensure exposure to Bitcoin price movements and Bitcoin mining. However, unlike the power hungry and expensive Bitcoin Proof of Work consensus model, Bitcoin Minetrix has been built on top of Ethereum meaning the network is powered by the more eco-friendly Proof of Stake.

previsioni bitcoin - bitcoin minetrix

As we move closer to the Bitcoin halving, we are witnessing an unprecedented amount of attention fall on the world’s number one cryptocurrency. By buying and staking Bitcoin Minetrix you not only have exposure to the Bitcoin price journey but you also have the peace of mind that comes with owning a more eco-friendly cryptocurrency.

Presales are the best time to buy tokens as projects often use the mechanism to raise funds before they are listed on mainstream exchanges such as Binance or Coinbase. Were this to happen, early investors of Bitcoin Minetrix can expect a considerable return on their investment.

Bitcoin Minetrix has timed its release to coincide perfectly with the next Bitcoin halving. In doing so, it offers those investors who may have missed the chance of buying Bitcoin at sub $10 the chance to get in early and before the $BTCMTX token hits the market.

For more information, be sure to visit the Bitcoin Minetrix website. To keep up with the latest news and product developments, follow the project on X and join the Telegram group.

Total Tokens 4 billion
Tokens available in presale 1.4 billion
Blockchain Ethereum Network
Token type ERC-20
Minimum Purchase NA
Purchase with USDT, ETH, BNB, MATIC, Card


When using the right crypto exchange, buying Bitcoin with PayPal is fast and cost-effective. At Paxful, a regulated and user-friendly peer to peer crypto exchange, users can easily purchase Bitcoin with PayPal.

What’s more, USD payments are not charged any fees. It takes just five minutes to register a Paxful account and buy Bitcoin.

Those looking for an alternative with a higher risk/reward profile should investigate the Bitcoin Minetrix presale, which is one of the best options at present. Bitcoin Minetrix provides holders with exposure to Bitcoin price movements without the environmental damage caused by Bitcoin’s Proof of Work mechanism.

Furthermore, $BTCMTX holders get to mine new Bitcoin while receiving passive staking rewards.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take two minutes to learn more.



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Kane Pepi

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…