Currently there are many ways on how to purchase Bitcoin with PayPal. However, only a few of them have low fees. Which platform should you use to make your purchase convenient and fast? We have collected the best and easiest methods of buying BTC directly.
Purchase Bitcoin directly with PayPal
- Of course the first step you will need to take is to register a PayPal account, if you don't have one. You can sign up with your credit card or bank account at PayPal.com.
Do you want to purchase some Bitcoins now?
- Go to the PayPal homescreen and select the “Buy Bitcoin and more” option, displayed on the top of the screen.
- Choose the currencies you want to buy from the options PayPal offers you. Currently they are Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. By the way, PayPal has provided a lot of useful information you can learn about cryptocurrencies to lower your risks.
- Now it’s time to buy your Bitcoin. Enter the amount you wish to purchase. You will get a notification that explains that the price of BTC depends on when you push the button: “Exchange rate includes a spread and refreshes frequently until you buy or sell.”
- Then PayPal offers you to review your purchase. The transaction fees on PayPal vary from 50 cents for purchases under $25 to 1.5% in case you purchase over $1,000. After reviewing, select “Buy Now”.
But keep in mind that PayPal fees can significantly increase transaction costs, as many platforms sometimes take up to 10% of fees. In addition if you are going to purchase crypto through a platform that doesn’t accept your local currency, the conversion fees will apply.
Now all is set up. If you want to check your Bitcoin purchase, return to the homepage and see it under the "crypto" banner.
Purchase Bitcoin with PayPal via eToro (lowest fees)
For today eToro exchange is the single platform to buy BTC with PayPal. We promise you could not find another one with lower commission than eToro. The registration on the platform is free. You can find different digital currencies at the lowest fees, including BTC. Besides, the platform offers an eToro crypto wallet, where you can store your crypto, send or receive.
The manipulations to register on eToro are same simple:
- Sign up for eToro
- Click on Deposit money
- Verify your identity
- Enter the amount you want to deposit and choose currency
- Choose PayPal payment method
eToro also offers you to buy Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, EOS, Dash, NEO, Litecoin, and Stellar with PayPal.
Besides eToro exchange you can purchase Bitcoin with PayPal at the peer-to-peer marketplace, such as LocalBitcoins.com and Paxful. They are both open p2p marketplaces that match buyers with sellers directly, but with much higher fees. Not all sellers accept PayPal there, but you can filter the search of online sellers by payment method to choose sellers who do accept.
P.S. For now customers from the US only can buy digital currencies directly from PayPal, but remember that you are not able to withdraw your crypto.
