Author: Eduardo Montero
PayPal crypto exchanges allow you to buy cryptocurrencies using one of the most widely accepted payment methods worldwide. It is a method, in fact, within everyone’s reach, very easy to use and with low fees.
Many people decide to open a PayPal account dedicated exclusively to cryptocurrencies. That way, they can have greater control over both their level of spending and possible collections.
Not all crypto exchanges are serious and professional and that is why we have decided to compile in a specific guide all those platforms that support PayPal and have been reliable for many years.
We will focus on all the aspects you should consider when choosing an exchange, what mistakes to avoid if you are a novice investor and how to use a platform with this payment method to invest in cryptocurrencies independently.
Best Cryptocurrency Exchanges That Accept PayPal in 2024
Crypto Exchange | Number of cryptocurrencies | Deposit method with PayPal |
Bitstamp | +70 | Direct, with PayPal system |
Coinbase | +300 | Direct, with PayPal system |
Bitpanda | +150 | Indirect, with PayPal card |
Binance | +300 | Indirect, with PayPal card |
The table we have just shown you compiles the best PayPal cryptocurrency exchanges of 2024, that is, platforms that will be used to buy or sell cryptocurrencies, as well as to carry out other types of activities related to the crypto sector.
To be absolutely sure which platform to choose, let’s take a closer look at what services each one offers, what features they have and, of course, how to buy cryptocurrencies in each of them with this payment method.
1. Bitstamp
Bitstamp is a crypto exchange that accepts PayPal and allows you to invest in a very simple way. The platform is fast, user-friendly and accessible to everyone, whether they are experts or beginners. You can also access it from its convenient mobile app.
The operator updates monthly its list of cryptocurrencies that, today, has more than 70 cryptoassets. Among those you can buy through PayPal stand out: Bitcoin, Ethereum, Litecoin, Ripple, Polygon, Cardano and many more instruments with high market capitalization.
Commissions are very competitive and there are no costs associated with the management, maintenance or inactivity of the account. It also offers 24-hour support and your personal data will always be encrypted.
As for the level of security of your assets, you will be happy to know that more than 95% of their resources are securely stored offline. You can deposit from as little as £20 and, of course, you can deposit via various payment methods, including PayPal.
2. Coinbase
The PayPal cryptocurrency exchange Coinbase is, for many years now, a reference in the sector and has thousands of registered users, almost as many as positive reviews. It is available in Spanish and its application is very simple and easy to use.
The number of cryptocurrencies it accepts is huge and, therefore, you can develop strategies on various assets. In addition to historical cryptocurrencies, such as Bitcoin, Ethereum or Ripple, you will also come across recently issued and emerging cryptocurrencies.
By making a deposit through PayPal you will be able to access its various innovative features. In addition to buying and selling coins, you can also staking them, lending and even has a section of NFTs (non-fungible token).
How to buy cryptocurrencies in Coinbase with PayPal? These are the steps you should follow:
- Register on the platform;
- Finish the identity verification process;
- Choose “PayPal” among the payment methods;
- Make an initial deposit, minimum 25€;
- Search and choose the cryptocurrency you are interested in and proceed with the purchase.
3. Bitpanda
Among the best PayPal cryptocurrency exchanges we find Bitpanda which, unfortunately, does not allow direct use. If you have a PayPal account and card, you will be able to make a deposit and start investing.
The PayPal card is MasterCard and, therefore, is generally accepted by most investment platforms. It is therefore an alternative system that allows you to deposit in all exchanges, even if they do not integrate PayPal.
With Bitpanda (here is our review) you will have immediate access to a list of more than 150 cryptoassets and you can operate with the peace of mind that you are doing it with an operator authorized by the FMA (Austrian Financial Market Authority) and the AMF (Autorité des marchés financiers).
Recently, the platform also integrated the staking function and allows you to get rewards for tying up your assets. The minimum deposit is 25 euros and you can make it through different payment methods.
How to buy cryptocurrencies with PayPal card in Bitpanda? Let’s see the steps to follow:
- Open an account on the official website of the exchange;
- Upload your identity documents to verify your identity;
- Choose the card deposit method and add funds with your PayPal Card;
- Search for the cryptocurrencies you are interested in and analyze them through their charts;
- Make the investment.
4. Binance
You can also use Binance to invest in thousands of cryptocurrencies through PayPal. The withdrawal mode is very simple and intuitive and you can therefore transfer all funds earned from your cryptocurrency-related activities to your account.
The advantages of Binance are multiple, since the platform has an endless number of instruments, which is ideal for diversification. Also, the commissions are among the lowest in the market and there are no management costs.
Being a huge ecosystem, it also has multiple other sections, such as the purchase of NFTs, cryptocurrency staking and lending. Management is very simplified and you can also use the exchange through its mobile applications.
It has more than 350 cryptoassets and, for each one, you have a convenient real-time chart, which we recommend you to look at before executing and elaborating your strategy. The minimum deposit, compared to the competition, is its great advantage, since you can deposit from 1 euro.
PayPal cryptocurrency exchanges around the world
Many people wonder if there are PayPal cryptocurrency exchanges in their country. Currently there are no exchanges that support this payment method in all countries, but you can use an authorized exchange in other countries without any problem.
The crypto exchanges we have mentioned allow you to buy cryptocurrencies easily. From your PayPal account, you can make deposits in EUR / USD / GBP,… and withdraw comfortably in the same currency.
The system itself will do the conversion, after you select the cryptocurrencies you are interested in.
How to choose crypto exchanges that accept PayPal
In order to choose the best exchange that accepts PayPal, it is important to keep a few things in mind. Unfortunately, in the cryptocurrency sector there are a lot of scams, so it is advisable to protect yourself as well as possible.
Among the features you can assess are:
- Ease of management: if you are an investor who is just starting out and you want to buy cryptocurrencies with PayPal, it is essential that the platform is not difficult to use and that all procedures, from choosing the cryptocurrency to choosing the payment method are easy to understand and within everyone’s reach;
- Large number of cryptocurrencies: this point is very important, since it will allow you to diversify your investments through PayPal and, therefore, your portfolio;
- Low commissions: costs should never be underestimated and an exchange with low spreads, accepting PayPal – also this one with low commissions – is an advantage not at all indifferent for the investor, since he can use more of his capital in what really matters, in this case, the purchase of cryptocurrencies. Here you can see a comparison of the best crypto exchages with low fees.
- Extra functionalities: most platforms, after having added funds with PayPal, allow you to perform many other activities, such as cryptocurrency staking, crypto lending, yield farming and much more.
Buy Bitcoin with PayPal
Buying Bitcoin with PayPal remains the most popular activity among investors. It is the cryptocurrency with the highest level of market capitalization, as well as one of the most traded and undisputed queen of the crypto sector.
Being one of the most popular, you will find it on all international exchanges, including those mentioned in our guide. The steps to buy BTC with PayPal do not differ from those described above.
Once you have opened your account on the exchange, just select “PayPal” from the payment options, enter the amount and proceed with the investment. It is also very similar if you want to withdraw funds after selling Bitcoins and save them in your PayPal account.
Exchanges that accept PayPal: Pros and Cons
From our point of view, you may find useful a summary with the strengths and weaknesses of using a cryptocurrency exchange with PayPal contrasted in two columns:
PROs
- Low commissions when transferring your funds;
- Most exchanges allow you to pay via PayPal through a very simple process, with just a click of a button;
- It supports multiple currencies, in fact, you will be able to make deposits and withdrawals in Euros;
- Multiple transaction security systems (sending and receiving funds);
- Payment system known worldwide that allows you, in fact, to create an account exclusively to use it to invest in cryptocurrencies.
CONs
- PayPal transactions may not be immediate and may take several minutes (remember that, in any case, all exchanges offer many other supported methods).
Exchanges crypto PayPal – FAQ
Which exchanges accept PayPal?
Exchanges that accept PayPal as a deposit and withdrawal system include Bitstamp and Coinbase. Other exchanges, such as Bitpanda and Binance, allow the use of the PayPal card.
How to buy cryptocurrencies on Coinbase with PayPal?
To use the PayPal cryptocurrency exchange Coinbase, you can open an account, verify your identity, select PayPal as your payment method and proceed with the purchase in just a few steps.
How do crypto exchanges work with PayPal?
Cryptocurrency exchanges with PayPal allow you to buy cryptocurrencies using PayPal, i.e. by making a deposit directly from your account, after you have chosen such a payment method.
I hope you found the content useful. You can continue reading these other articles about cryptocurrencies: Best Crypto Exchanges without KYC or Best Crypto Trading Bots.