Not all exchanges and platforms accept PayPal when it comes to buying cryptocurrency.
This article will list down all the tested & proven sites where you can use your PayPal account to purchase your crypto assets.
How to buy Bitcoin and Cryptocurrency using PayPal?
To begin, here are all the seven (7) places you can buy crypto using your PayPal account.
1. Paxful
Paxful was founded in 2015, has a headquarters in New York and employs over 400+ employees.
Paxful supports over 350+ different payment methods when it comes to buying cryptocurrency through its platform. You can buy Bitcoin (BTC), Tether (USDT) and Ethereum (ETH) easily here.
Paypal is supported as one of the payment methods in Paxful.
Is it safe to use PayPal on Paxful?
Yes, using your PayPal account on Paxful is safe when buying the cryptocurrency of your choice.
After you make your first successful Bitcoin purchase on Paxful, you can store your BTC in your account’s wallet. After that, every Paxful user will have a Bitcoin wallet in their account, ready for them to store their BTC.
The company is a regulated financial entity with an Anti-Money Laundering (AML) policy. Paxful comply with Office of Foreign Assets Control (“OFAC”) sanctions.
2. Coinbase
Coinbase is a US-based company that started in 2012 as one of the earliest exchanges and now serves in over 100+ countries with more than 3500+ workers. The exchange is currently ranked among the top 3 largest crypto exchanges in daily trading volume.
You can buy over 150+ cryptocurrencies in Coinbase, including all ERC-20 tokens, Bitcoin, Cardano, Solana, Dogecoin, Ripple, etc.
Coinbase supports buying cryptocurrency using Paypal and other payment methods such as credit cards and wire transfers.
Is it safe to use PayPal on Coinbase?
It is safe to purchase your cryptocurrency on Coinbase using PayPal. Coinbase is licensed and regulated in all the countries it operates and is required to comply with the law and regulations of these countries.
The company is insured with crime insurance to protect itself from losses theft such as cybersecurity thefts. It uses encrypted SSL (HTTPS) for all web traffic and uses the AES-256 encryption algorithm on all its wallets and keys.
3. LocalBitcoins
Founded in 2012 and based in Finland, LocalBitcoins is probably one of the earliest peer-to-peer (P2P) crypto exchanges. The platform’s core service facilitates the transaction between bitcoin buyers and sellers based on their location.
Sellers post advertisement listings on the platform, and buyers will decide on the sellers’ price, payment method, and reputation (ratings). LocalBitcoins also has an escrow in place to protect both parties. Use. Users tend to use this platform if they want more anonymity, especially when transacting with cash in person is possible through the platform.
LocalBitcoins supports buying cryptocurrency using Paypal and other payment methods such as using credit cards and wire transfers.
Is it safe to use PayPal on LocalBitcoins?
In November 2019, LocalBitcoins.com got registered as a Virtual Currency Provider by the Finnish Financial Supervisory Authority.
LocalBitcoins have an escrow service to ensure checks and balances during any transaction between buyers and sellers using their platform. Only the seller successfully receives the payment, and the escrow service will release the BTC amount.
4. KuCoin
Launched in 2017, KuCoin ranks among the world’s top 10 largest cryptocurrency exchanges. The platform supports over 600+ coins and over 1100+ market trading pairs.
The exchange offers to buy cryptocurrencies, spot trading, margin trading, futures, crypto lending, and crypto staking services.
KuCoin supports buying cryptocurrency using Paypal and other payment methods like credit cards and wire transfers.
Is it safe to use PayPal on KuCoin?
KuCoin has an AML policy to prevent money laundering, including having adequate systems and controls to mitigate the firm’s risk of being used to facilitate financial crime. The company also takes a serious approach to adopting and implementing Counter Financing of Terrorism (CFT), International Sanctions Policy (ISP), and Know Your Customer (KYC) procedures.
5. eToro
Founded in 2007, eToro is an Israeli social trading and multi-asset brokerage company with registered offices in Cyprus, the United Kingdom, the United States, and Australia.
eToro supports buying cryptocurrency using Paypal and other payment methods such as credit cards and wire transfers.
To buy crypto from eToro, here are the steps;
- Create an account at eToro, if you haven’t. Then, log in to your account.
- Search for the crypto you want (e.g. Bitcoin) and select it
- You can choose <Trade>, which means buying at the current market price, or <Order>, which means buying at your specified target price.
- Enter the amount and click <Deposit>.
- Select <PayPal> from the dropdown list.
There is no surcharge when purchasing crypto from eToro. However, withdrawals will have a minimum cashout threshold of $20 and a withdrawal fee of $5.
6. CoinMama
Founded in 2013 and registered in Slovakia, CoinMama allows users to buy and sell cryptocurrencies using fiat currency and other payment methods. The company currently serves 188 countries.
You can buy Bitcoin (BTC) and Ethereum (ETH) using CoinMama’s platform.
CoinMama supports buying cryptocurrency using PayPal, as well as other payment methods. In addition, you can use your credit card on CoinMama, as long as it is VISA or Mastercard. Besides that, you can also choose to use SEPA, SWIFT, Apple Pay, Google Pay or link your bank card to your CoinMama account.
Is it safe to use your Credit or Debit Card on CoinMama?
CoinMama is a regulated entity registered as Money Service Business with FinCEN.
The platform supports 2FA authentication as an extra layer of security and does not save any credit card information in its system.
7. PayPal
Yes, Paypal itself offers users to buy cryptocurrency.
Depending on the country you are reading, you log in to your PayPal account, and you should be able to purchase four (4) types of crypto on the platform, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
One (1) important note to remember is that although Paypal offers crypto purchases, you cannot use it to send money or pay for goods on the Paypal platform.
