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Finder or the author may own cryptocurrency discussed on this page. The high fees involved and shortage of platforms that accept PayPal payments means that there are other more cost-effective and convenient options available. For example, 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.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Zak Killermann. Updated Apr 19, What changed? Learn more about how we fact check. Navigate Cryptocurrency In this guide.
Crypto Finder. Cryptocurrency exchanges. Cryptocurrency wallets. How to buy. A-Z list of exchanges. A-Z list of wallets. Top coins explained. A-Z list of coin guides. Satoshi to bitcoin conversion. Ethereum unit converter. Crypto trading hours. NFT hub. How to buy Bitcoin with PayPal Buying and selling cryptocurrencies through PayPal can be done through the PayPal app or by accessing your account online after you log in:. In a nutshell Pros Easy to use.
Buy cryptocurrencies through the PayPal app or through the website in a few clicks. Track your portfolio. Flexible payment options. Pay with a debit card, from your bank account or using your existing PayPal account balance. Instant transactions. Buying and selling crypto through PayPal is instantaneous. Purchase with crypto. Cons Fees. Limited options. Exchange markups. No transfers. PayPal does not currently let you move cryptocurrency in or out of your wallet.
So you will only be able to make purchases with the crypto you bought through the PayPal wallet. Where to buy and sell cryptocurrency in the US Disclaimer: Information on this page is not financial advice or an endorsement of cryptocurrency or other digital assets, or any specific provider, service or offering. Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency. Go to site View details. Paxful P2P Cryptocurrency Marketplace. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods.
This isn't like puts and calls on the stock market. Worst case, you lose the amount you put in. In my case, the worst I'd lose was the ability to buy about 10 Venti Caffe Mocha. Still, one never wants to risk one's coffee funds. So now we go into PayPal's ginormous discussion of fees. But just wait To be fair, most crypto exchanges have fees. That's still to come.
So, you know how the whole spiel of Bitcoin is that participation is generally anonymous? Well, not so much if you buy it through PayPal. Oh, Holy Disclosure, Batman! PayPal will not allow you to buy Bitcoin until you provide them with your street address, your date of birth, and your social security number. Because I committed to this article, I went ahead and gave them that information, but it does give me a queasy feeling in the pit of my stomach.
To be fair, everyone ranging from my banks to my doctors, have all that information, so why not PayPal? After all, it's not like any of them are going to secure it sufficiently to prevent some hacker from stealing it. Just read ZDNet for a few days, and you can be sure we're doomed cybersecurity-wise.
Oh, PayPal. You cannot possibly be doing this to me. This is the screen I got right after giving them my PII. It sure inspires confidence he says with dripping sarcasm. But after the big "Something went wrong" screen, I decided to just go with what I had in my PayPal account. Before we move on, I want to point something out.
Note the two numbers pointed to by the big red arrows:. Those two values were taken about ten minutes apart. It took me about ten minutes to go through PayPal's process, and in that time period, the value of Bitcoin changed.
This is not a stable currency. Just keep that in mind. Okay, here we go That netted me 0. I clicked Buy Now. So, stay tuned. I'll be checking back with you about this investment from time to time. But what about you? Have you bought or mined cryptocurrency? What currency have you been working with? Did you make or lose any money? Any learnings you'd like to share? Let us know in the comments below. And, Happy Hopefully, this year will be better than With the dumpster fire that was, that shouldn't be so hard, right?
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