However, fees tend to be much higher on P2P exchanges compared to some other brokers or exchanges and P2P services can’t give any guarantees on the transaction. When you buy bitcoin directly from PayPal, it makes money off the crypto spread or the difference between bitcoin’s market price and exchange rate between USD and the cryptocurrency. The company also charges a transaction fee for each purchase. For example, a flat fee of $0.50 is charged for purchases between $100 and $200. Thereafter, the fee is a percentage of the overall dollar amount. For example, a fee of 2% of the total amount is charged for crypto purchases between $100 and $200. It is not possible to use a credit card to purchase Bitcoin using PayPal. During the buying process, PayPal will display a price for the cryptocurrency.
- If you plan to go straight through the exchange without using PayPal, it is possible to use your credit card as well.
- It is free to sign up and you don’t need to deposit right away, which means you can get used to the platform before going live.
- This means we could see more marketplaces and exchanges going back to PayPal to facilitate cryptocurrency purchases in the future.
- The flip side to this public information is that an individual can create multiple public addresses for themselves.
You have successfully purchased bitcoin with PayPal as the payment method. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions. We may receive payment from our affiliates for featured placement of their products or services. We may also receive payment if you click on certain links posted on our site. Zak Killermann is a writer at Finder who’s been specializing in cryptocurrencies and blockchain technology for four years — covering everything from ICO booms, crypto winters, memecoins and more. He’s mined and minted cryptocurrencies, and remembers the days when DOGE was just for fun. Zak’s focus is in breaking down technical concepts for the average folk to digest on their morning commute. Before diving into all things crypto, Zak contributed to Finder’s money transfers vertical. For example, rather than funding your PayPal account from your credit card and then using that balance to buy crypto, you could use a platform that allows you to buy crypto directly with your credit card.
Paypal Bitcoin Guide: How To Buy Bitcoin With Paypal Instantly
We explained how to buy Bitcoin with PayPal in this guide. If you want to buy Bitcoins with PayPal only to purchase goods and services, you can now do it directly on your PayPal account, although it only supports US accounts. No possibility of the seller reversing money after you pay since the cryptocurrency you buy has to be first sent to escrow before you pay. You can also select the desired country from which to buy Bitcoins with PayPal in the list of countries drop-down menu. From the list of PayPal offers that appear after selecting PayPal from the “All Online Offers,” check the one with the most appropriate price and purchase limits. The most appropriate temptation is to select the seller with the best percentage rate or selling price. It clearly showed the price offered by each seller against their sell orders on the right.