That’s it! Click ‘Buy now’ to confirm the purchase and the coins should be available in your PayPal digital wallet.Ģ. Check the conversion rate and transaction fee.Select your payment method and click “Next”.Enter the amount of Bitcoin you want to buy.

Click on “Buy and Sell” under the “Your crypto” section (available only to supported locations).Sign up for an account, if you don’t already use PayPal.Maximum limits are $10,000 per week with no annual limit, while fees vary between 1.5% and 2.3%, depending on the size of the purchase. It’s worth mentioning that this option is currently only available for US users, with more countries due to be added over time. As of June 2022, PayPal also allows users to withdraw their coins into third-party wallets for personal storage or wider use throughout the ecosystem. This allows users to hold and sell Bitcoins purchased through the service, as well as use them to pay PayPal-supported merchants. In October 2020, PayPal rolled out direct purchases of Bitcoin (and three other cryptocurrencies) within the PayPal digital wallet, through a partnership with Paxos. Another option is via LocalBitcoins, although this method requires you to find an individual seller you can trust.Īnother option would be eToro, however this method is more recommended for users who mainly wish to speculate on price and aren’t looking for access to the actual coins.Ĭons: Only the US is currently supported for withdrawals The best alternative for buying Bitcoin with PayPal is via Coinbase. Whereas previously users could not withdraw coins purchased on the platform, PayPal has begun to enable crypto withdrawals as of June 2022.įor those who wish to use PayPal as a payment method but not via PayPal’s crypto service, plenty of alternatives exist. How do I Buy Bitcoin with PayPal Summaryīuying Bitcoin directly through PayPal is one of the easiest ways to get your hands on some Bitcoin today. In this post I will cover several credible places to buy bitcoins with PayPal in 2022. However, recently PayPal has become more favorable of Bitcoin. Until recently, there were limited options to buy Bitcoin with PayPal, mainly due to chargeback issues ( here’s a short video illustrating this). Buying Bitcoin with PayPal (Beginner’s Guide)

Buy bitcoin with paypal