How to easily buy & invest in bitcoin

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PayPal users in the U.S. can use the platform to buy Bitcoin directly—but there are still some limitations.

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In briefPayPal users in the US can buy cryptocurrencies including Bitcoin directly through the platkhung.In the first half of 2021, the feature will roll out lớn "select international markets."Bitcoin bought on PayPal cannot be transferred out of PayPal's digital wallet.
In November 2020, PayPal announced that all account holders in the U.S. would be able khổng lồ buy and sell cryptocurrencies including Bitcoin through its platform. The news followed its announcement in October 20trăng tròn that it would introduce options for cryptocurrency buying & selling, through a partnership with Paxos Crypto Brokerage.


We are pleased to announce that starting today, all of our eligible US customers can now buy, hold và sell #Cryptocurrency directly from their PayPal accounts. We’ve sầu also increased our weekly purchase limit to lớn $20K. Learn more: https://t.co/5yrpNOuA6y pic.twitter.com/2nZHm9qCNI

— PayPal (

PayPal allows purchases of Bitcoin, Ethereum, Bitcoin Cash and Litecoin within the PayPal digital wallet.

"We are pleased khổng lồ announce that all eligible PayPal accountholders in the U.S. can now buy, hold and sell cryptocurrency directly with PayPal," the company said in a brief statement, which added that users in the United States will soon able lớn use cryptocurrencies to buy products from its 26 million merchants worldwide. Payments will be converted inlớn fiat at the point of sale.

At the time, PayPal announced that cryplớn buying và selling features would be rolled out to "select international markets"; in August 2021, the UK became the first country outside the U.S. khổng lồ allow PayPal customers khổng lồ buy, sell and hold Bitcoin.

In April 2021, PayPal also added crypkhổng lồ buying features to lớn its social payments service Venmo, with customers also gaining a "cash baông chồng lớn crypto" feature in August 2021.

Cryplớn buying is already proving a popular option among muốn PayPal users, helping to lớn propel the payments service to record numbers in the first quarter of 2021—so how vị you get started?


How khổng lồ buy Bitcoin using PayPal


First things first: You need a PayPal trương mục, obviously. If you don’t have sầu one, you’ll need to phối one up with your credit card or bank trương mục and an gmail address, at PayPal.com.

Now it’s time to lớn buy some BTC. The experience is broadly similar across the PayPal website và the PayPal app; for this walkthrough, we're using the trang web. On the home screen (the “Payments” screen in the app) select the “Buy Bitcoin và more” banner, displayed toward the top of the page.

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Next, select the cryptocurrency you wish to buy. Currently, the options to lớn buy and sell on PayPal are Bitcoin, Ethereum, Bitcoin Cash, or Litecoin. Additionally, PayPal has provided resources lớn learn about cryptocurrency; it also lists the risks involved.

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You can select a preset amount of Bitcoin to lớn purchase, or tap “Buy” khổng lồ select an amount of your choice. The minimum users can buy is little as $1.00 worth of Bitcoin; the maximum is $100,000 a week. Below the purchase option, PayPal includes a brief description of the asset being purchased.

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Before you can continue, you will need khổng lồ confirm some information & agree to PayPal’s Cryptocurrencies Terms và Conditions.

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Next comes the fun part: buying Bitcoin. Enter the amount you'd like to lớn buy (in this case, $10). A helpful note explains that the price of Bitcoin varies depending on when you pull the trigger: “Exchange rate includes a spread và refreshes frequently until you buy or sell.” Select Next to move on to the next screen.

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The ngân hàng trương mục or credit/debit thẻ your PayPal account is associated with appears. You can add other cards or bank accounts, at this point, too.

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After selecting “Next,” Đánh Giá your purchase. The transaction fees on PayPal are fairly reasonable for consumer-facing exchanges; the fees range from 50 cents for purchases under $25, khổng lồ 1.5% of the transaction for purchases over $1,000. Select “Buy Now” when you’re ready lớn purchase.

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After the purchase is complete, the account will be updated khổng lồ reflect the amount of crypto purchased & the current value.

Return to the trang chủ page và see your Bitcoin purchase under "crypto" with the option lớn buy and sell.

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Cryptocurrency sold through the PayPal app or website will be converted inlớn fiat và will show in the Cash Account balance section of the user’s tài khoản. PayPal has included its fee chart và conversion spread for users to determine how much in fees they can potentially incur.

Buying Bitcoin on other sites using PayPal


When PayPal first announced its crypto offering, it restricted users to buying, selling và holding crypkhổng lồ. That left many Bitcoin advocates arguing that PayPal's crypkhổng lồ features were antithetical to the very ideals that underpin Bitcoin; namely, the idea that Bitcoin holders are their own bank.

PayPal has since softened its stance, announcing in May 2021 that it would add tư vấn for third-buổi tiệc ngọt wallets. That feature has yet to be implemented, however; for the time being, you can't transfer crypto lớn out of PayPal's digital wallet, other than lớn make purchases (at which point it's converted into fiat at the point of sale).

At the moment, if you want to lớn use PayPal lớn buy Bitcoin from other sources such as exchanges, in order to retain full ownership of your Bitcoin, your options are limited; relatively few sites tư vấn it as a payment method.

The main reason is that PayPal, like other credit companies, lets buyers request a chargebaông xã in the event of a fraudulent transaction. That opens up the possibility of a buyer falsely disputing a transaction, getting their money baông xã, & still receiving the Bitcoin they’d bought. Credit companies like PayPal typically side with the buyer in resolving a dispute, và because Bitcoin is pseudonymous, PayPal has no way khổng lồ verify that the dispute is fraudulent.

Bitcoin transactions are also irreversible, meaning that in the event of a fraudulent dispute, the seller will likely be left out of pocket while the buyer pockets both the Bitcoin & the chargebaông chồng.

For those who want lớn buy Bitcoin using PayPal, but retain the freedom lớn move their crypto as they wish, there are some workarounds available. 

What platforms can be used khổng lồ convert PayPal funds to lớn Bitcoin


First up, you’ll need a PayPal trương mục (obviously). In most cases you'll also want to lớn phối up a wallet lớn receive your Bitcoin; these are software or hardware cryptocurrency wallets that can store public and private keys, allowing you lớn skết thúc & receive sầu cryptocurrencies.

There are a few options you can choose when it comes lớn buying cryptocurrency with PayPal. 

Crypto lớn exchange Coinbase announced in April 2021 that U.S. customers would be able lớn buy cryplớn using cards linked to lớn PayPal. In order lớn use the feature, simply log in lớn Coinbase, select the cryptocurrency you want to purchase, tap "add payment option" within the Coinbase tiện ích and select PayPal. Once you've logged inkhổng lồ PayPal, you can add a debit card or bank account linked lớn your PayPal trương mục.

eToro also allows payment for Bitcoin using PayPal, and allows cryptocurrency lớn be transferred to lớn an eToro wallet. Buying Bitcoin on eToro using PayPal is simply a matter of logging inlớn your trương mục, clicking on “Deposit Funds,” selecting “PayPal” as your preferred payment method và choosing an amount. Once the funds have sầu been deposited, you’re miễn phí lớn buy Bitcoin.

xCoins is another exchange site; it started out as a peer-to-peer lending platsize that connected Bitcoin lenders to borrowers. It uses PayPal khổng lồ allow people to lớn exchange money for a “secured loan” of Bitcoins. Any registered user may borrow or lover Bitcoin; xCoins.io matches a borrowing request with a lender. A borrower then pays the lender a sum plus interest using PayPal. Once confirmed, Bitcoin is transferred between the wallets of the lender & borrower.

As well as exchanges, you can use a peer-to-peer marketplace lớn buy Bitcoin with PayPal. Both LocalBitcoins.com & Paxful are peer-to-peer marketplaces that match buyers with sellers directly. These exchanges allow sellers to lớn mix their own exchange rates & payment methods. Not all sellers accept PayPal, but you can filter a tìm kiếm of online sellers by payment method khổng lồ piông xã one who does.


As well as the chargebaông chồng issue outlined above, there are other disadvantages to lớn using PayPal lớn buy Bitcoin. 

PayPal fees can considerably increase transaction costs, with many platforms levying as much as 10% of the transaction amount as a fee.

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Another thing to lớn consider is that if you’re buying through a platform that doesn’t accept your local currency, conversion fees could also apply. If converting lớn U.S./Canadian dollars, for example, PayPal charges a fee of 3.5% above the exchange rate. For other currencies, the fee is 4% over the exchange rate.