Buying cryptocurrencies with Paypal is not particularly complicated. Much easier and safer than buying by credit card, the method has several advantages. In this guide we will see the list of the best platforms that accept Paypal. We will also look at why Paypal is a great choice. Next, we will explain how to proceed, step by step, to acquire your first tokens.
The best platforms to buy cryptocurrencies with Paypal
| 🌐 Website | ✅ Competitive advantage | ⭐ Customer evaluation |
| 🥇 eToro | A line | 4.3/5 |
| 🥈 OKX extension | A line | 4.1/5 |
| 🥉 Bitgets | A line | 4.3/5 |
| Coinhouse | A line | 4.0/5 |
| Binance | A line | 4.4/5 |
Zoom on the best platforms to buy cryptocurrencies with Paypal
Let’s see in detail the best platforms to buy cryptocurrencies with Paypal. These 5 platforms are easy to use and particularly practical for beginners.
eToro, the best platform to buy cryptocurrencies with Paypal
eToro it is a platform to buy stocks, but also cryptocurrencies. Its interface is particularly easy to use and will no doubt appeal to beginners in the field.
If the site offers many means of payment, also supports Paypal. Therefore, it is entirely possible to buy cryptocurrencies with Paypal on eToro.
It will be necessary to perform a deposit with a minimum value of €15 before using eToro. In the meantime, you can also choose to try the free version of the site. This way you can choose to adopt eToro or opt for another platform.
OKX, the leader in cryptocurrency trading
OKX extension is renowned for its safety in the world of cryptocurrencies. Here it is impossible to get around the numerous security standards and the different steps of verifying the identity at each connection.
OKX offers its users to buy more than 400 cryptocurrencies with PayPal. Simple and comprehensive tools are also available for beginners and experienced traders. OKX specializes in trading, but the site also offers simple shopping.
Also note that OKX delivers an integrated crypto wallet. This offers the same functions and guarantees as other better known crypto wallets. The option to trade on margin is also available.
Bitget, an exchange optimized to buy with Paypal
bitgets it is a lesser known platform which however offers very interesting tools and functions. Based in Singapore, the trading platform offers some of the lowest fees on the market on your cryptocurrency purchases.
Perceived as one of the leaders in trade in Asia and Eastern EuropeBitget accepts cryptocurrency purchases with Paypal. Many social trading features are also available, such as copy trading. These will allow beginners to trade like pros by imitating them.
More than 150 cryptocurrencies are available on this site. Furthermore, the minimum deposit required to start trading is only €10. Thus, even the smallest budgets will have the opportunity to start trading on Bitget.
Coinhouse, a secure platform to buy cryptocurrencies
Coinhouse it is a trading platform. This offers to buy cryptocurrencies with Paypal and with any other means of payment. The only prerequisite will be identity verificationa specific process for each trading platform.
Different ranges of services are offered. However, there is a free offer that will allow beginners to start using the site’s functions quickly.
Finally, Coinhouse’s services are renowned thanks to the commissions charged. The latter are particularly reliable and sometimes completely useless. Coinhouse is therefore an ideal platform for people who want invest in cryptocurrencies with small sums time after time without having to worry about management fees.
Binance, the most popular to buy cryptocurrencies with Paypal
Binance is a reference in the world of cryptocurrency trading. reputed to be the most popular platform, supports payments via Paypal. The site also offers a whole range of professional tools that allow you to trade with great precision.
Most of the cryptocurrencies are available on Binance, by doing site the number 1 choice of most users of cryptocurrencies. the trade with leverage it is also offered there.
However, we recommend sLearn in detail before using this type of trading tool. Other types of trades are also offered by the site to better enrich your trading experience.
How to buy cryptocurrencies with Paypal?
The time has come to see, in fact, how to proceed buy cryptocurrencies. For our example, we will use eToro.
Register on eToro
First go to the eToro website. On the main page, click ” start investing at the bottom left of the screen.
You will first need to enter an email address, username and password. Then click on ” create my account “.
Verify your identity
eToro will then want to verify your identity. After answering a questionnaire, you will then need to submit your identity documents.
Select scan your ID card into your PC, then send it to eToro. Verification takes no more than a few minutes.
Make a first deposit
Now that your account is verified, go to ” Deposit of funds in the left pane of your account.
Choose the amount. For the payment method, select ” PayPal then simply commit the transaction. Your funds will appear in your account immediately.
Search for a resource
In the search bar at the top of the screen, seek the good what do you want to buy.
You can choose to enter the name of the crypto (eg: Bitcoin) or its denomination (eg: BTC). Then click on this to open the corresponding page.
Buy cryptocurrencies with Paypal
On the right of the screen, click ” invest “. A window then opens. In the latter, select the amount you want to invest.
Then click on ” invest ” again. A few seconds later, your transaction will be validated and your coins will be in your wallet.
The advantages of buying cryptocurrencies with Paypal
There are many benefits to havingopt for Paypal to buy your cryptocurrencies. You will find a few below.
Simplified account creation
By opting to purchase by PayPal, opt for simplicity. In fact, you won’t have it need to enter complex processes require long hours of waiting. Paypal is known for its speed and ease of use. Furthermore, creating an account, even on Paypal, is very simple.
Cryptocurrency purchase insurance
Paypal has a function to manage disputes. Therefore, you are free to go back on any of your purchases and cancel it with just a few clicks if you make a mistake. Buying cryptocurrencies with Paypal therefore offers you additional security not negligible.
Payments without providing bank details
The advantage with Paypal is that you will not have to communicate your credit card numbers or your account number. Security is once again strengthened. Paypal then offers as a very safe solutionespecially for cryptocurrency beginners.
The disadvantages of buying cryptocurrencies with Paypal
well despite the many advantages, buying cryptocurrencies with Paypal can sometimes cause some problems. Here are the two main drawbacks associated with the practice.
Restricted or even banned in some countries
Some countries have banned the use of Paypal. Alike, some countries have banned the purchase of cryptocurrencies. Then find out the legality of using Paypal in your country of residence. It would be a shame to break the law for so little.
High fees
Some platforms charge significant fees to Paypal users. Compared to credit card or wire transfer users, these fees are often higher. So feel free to compare the different offers and platforms to get an idea.
Conclusion
Buying cryptocurrencies with Paypal seems relatively convenient in many cases. If the solution it is particularly safeMost importantly, it protects your privacy. When you buy through Paypal, your identity is, of course, known to the platform.
However, your banking information remains secretand little data is then shared with the cryptocurrency exchange in question.
Paypal therefore offers an intermediate solution between anonymity and privacy protection. More and more platforms support Paypal, such as eToro. It is therefore interesting to be able to use this payment method.
FAQ on how to buy cryptocurrencies with Paypal
Which platforms accept PayPal?
Many platforms accept Paypal. In our guide you will find our selection of the 5 best platforms of the moment to buy cryptocurrencies with Paypal. You will also find our evaluation for each of them.
How to buy cryptocurrencies with Paypal?
It is very easy to buy cryptocurrencies with Paypal. The process takes just 5 steps and a few minutes of your time. To find out more, check out our guide. There you will find a tutorial with eToro, for example.
Why buy cryptocurrencies with Paypal?
If more and more investors choose to use Paypal to buy their crypto, it is above all for the protection of their data. However, there are also other reasons, which we detail in our article, which lead them to use Paypal.