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.į is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. It’s possible to buy bitcoin with PayPal if you have a US PayPal account, but the high fees involved and shortage of platforms that accept PayPal payments means that there are other more cost-effective and convenient options available. Look over the details of your sale and click Sell Now to complete your sale. You can only sell cryptocurrency that you bought through PayPal. If this is your sale, you’ll need to confirm some tax information for your account. Your options include Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Select the cryptocurrency you want to sell.
Alternatively, you can visit /myaccount/crypto/ to access this page. This section can be found from the homepage and may have different names, including Curious about crypto?, Learn more about crypto and Buy Bitcoin and more. Click on the cryptocurrency section of your account.Learn where this cryptocurrency came from and what sets it apart.īecause PayPal doesn’t allow you to import or export cryptocurrency private keys, like you can do with a hardware wallet, you’ll only be able to sell crypto bought through PayPal. Litecoin is thought of as the silver to Bitcoin’s gold. Learn more about how this cryptocurrency came into existence. Bitcoin Cash (BCH) – Released in 2017.Explore our guide for a crash course on Ethereum. Dig deep in our guide to learn more about Bitcoin. Supported cryptocurrenciesĪlthough PayPal may add support for more cryptocurrencies in the future, currently only four are supported. Consider making one larger purchase to save on fees instead of many smaller purchases, if possible. For instance, you’ll pay less in fees to buy $200 in crypto than you would to buy $199. Sometimes you can save on fees by buying a bit more cryptocurrency. Transaction fees are applied to your purchase when you buy or sell. PayPal plans to expand this service outside of the US in the future but it’s not yet available for Canadian accounts. Not available for Canadian PayPal accounts.
Currency conversion rates will apply to your purchase, so you’ll be buying and selling cryptocurrencies at a slight price disadvantage. PayPal currently only supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin. PayPal doesn’t give you access to your cryptocurrency keys, so you won’t be able to store your purchase in an external wallet. You’ll be charged a fee based on the total amount of your purchase. Because PayPal stores your crypto for you, if you want more control over your private keys you’ll need to use a different method to buy cryptocurrency. Look over the details of your purchase and click Buy Now to make your purchase.Īfter buying cryptocurrency through PayPal you’ll be able to see your total balances in your account. You can typically use bank accounts, debit cards or your PayPal balance to buy cryptocurrencies. Choose purchase amount and payment method.If this is your first purchase you’ll need to confirm your account. For other cryptocurrencies, you’ll need to compare alternative ways to buy. Select the cryptocurrency you want to buy.This section can be found from the homepage. You can do so by using the PayPal app or by accessing your account online after you log in:
Buy bitcoin with paypal debit card how to#
Here’s how to buy crypto with PayPal which can only be done through a US PayPal account.
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