This guide will tell you the best ways to buy Bitcoin with PayPal, with some of the best altcoin exchanges.
Summary
- A few exchanges accept PayPal as a deposit method. We list the best exchanges accepting PayPal.
- On peer-to-peer (P2P) crypto exchanges, there are often PayPal options available. We present the best peer-to-peer options.
- There is a unique way to use PayPal for depositing into your Metamask Web 3 wallet.
- A few of the above options are available without any KYC or ID requirements
Also, you can read our other guides on how to buy Bitcoin with alternative deposit methods.
No Financial Advice, Information only. Do your own research
List: 5 Best ways to buy Bitcoin with PayPal
The list is not that big concerning the possible options to buy Bitcoin via PayPal.
Most are P2P (peer-to-peer) platforms, where traders buy and sell BTC.
The majority of exchanges continue to bypass PayPal not to get their significant funds blocked.
However, few dare to pass the barrier to increase the number of market participants.
Here are known places where you can buy Bitcoin via PayPal:
PayPal to Bitcoin Exchanges
PayPal to Bitcoin Peer-to-Peer Exchanges
Web 3 Exchanges
1. Coinbase PayPal
Coinbase has opened the opportunity to deposit Bitcoin by PayPal.
However, at the moment, only US customers are able to buy cryptocurrency or add US dollars using PayPal.
Still, all other customers are able to use PayPal to cash out or sell, and transaction availability depends on region.
2. Deposit via PayPal to Bitflyer
You are able to deposit some money from your PayPal account to your bitFlyer account through the App:
- First, you have to upgrade your account class to Trade Pro class.
- Once logged in to your bitFlyer account using the app, at the bottom of the page, please navigate to the “Funds” tab.
- Under the “Funds” tab, click on “PayPal Deposit”.
- Please enter the amount you would like to purchase and click on ‘PayPal checkout’.
- You will be redirected to your PayPal account.
- You need to log-in and confirm the purchase from your PayPal account.
- Once the confirmation is done, you will be redirected to your bitFlyer account.
- If it is your first PayPal purchase, you will need to wait until the purchase is verified. If it is not your first PayPal purchase, the processing of your transaction should be instant.
- Your funds are available for cryptocurrency purchase and trading.
3. Deposit via PayPal on CEX.IO
You need to link your PayPal account to CEX.IO Wallet before purchasing crypto to use this payment method. Only one account can be connected at a time.
You can use PayPal both for
- CEX.IO Wallet app
- CEX.IO website
How to link a PayPal account to the CEX.IO wallet app?
- Click on the profile icon in the top right corner of your screen to find the Payment Methods menu.
- Choose Alternative payments in the Payment Methods menu.
- Tap on PayPal and proceed with account linking.
- Allow CEX.IO Wallet to share the information, and tap Continue.
- Log in to your PayPal account to complete the account linking.
How to link a PayPal account to the CEX.IO website?
- Open the Wallet dashboard on the CEX.IO website, and click Buy next to the currency you would like to purchase.
- Select PayPal among Alternative payments.
- Log in to your PayPal account to complete the account linking.
- After linking your PayPal account, you may go back to CEX.IO Wallet and proceed with the purchase.
How to purchase crypto using PayPal via the CEX.IO Wallet app?
- Once your PayPal account is linked, you can purchase crypto via CEX.IO Wallet.
- Tap the Buy button located on the bottom menu of your CEX.IO Wallet app.
- Tap Select Asset at the top of the screen to choose a cryptocurrency for purchase.
- Enter the amount of crypto that you would like to purchase. You can enter the amount in your primary currency or the cryptocurrency you want to buy.
- Select PayPal as your payment method.
- Tap Buy on the bottom to finalize your transaction.
When transaction processing completes, you can see the updated balance with the purchased cryptocurrency in the Wallet menu.
How to buy crypto using PayPal on the CEX.IO exchange website?
PayPal is available on the CEX.IO Exchange only when purchasing crypto using the Instant Buy service.
The U.S. Dollar is the default currency in the Instant Buy service. However, if you are from the U.K. or EEA, you must change the currency to GBP and EUR, respectively. Otherwise, PayPal won’t be visible as a funding option.
- Choose what cryptocurrency you want to purchase and your primary currency for the transaction.
- Enter the crypto amount you want to buy, or select one of the pre-calculated packs.
- Click Buy and select PayPal as a payment method.
- Click login with PayPal below to link your PayPal account. You will be returned to the Instant Buy page after account linking.
- Select PayPal as a payment method again, and click Buy with PayPal.
- Choose what payment option to use in your PayPal account, and confirm the transaction to purchase cryptocurrency.
You can see the updated balance with the purchased cryptocurrency in your CEX.IO account when transaction processing completes.
What if my PayPal to CEX.IO transaction is declined?
In the case of an unsuccessful transaction, please:
Make sure the amount you entered is within the limits;
Check the balance on your PayPal account to make sure you have a sufficient amount of funds for the transaction;
Confirm the balance on the card involved in payment processing via PayPal if you used it for the transaction;
Initiate the transaction again with a different source linked to your PayPal account, if necessary—for example, a mobile application if you used the web version, or vice versa.
4. Buying Bitcoins with payPal at LocalCoinSwap
Create a LocalCoinSwap Account
- Go to LocalCoinSwap: https://localcoinswap.com.
- Tap the ‘Register’ button to create your new account.
- Enter your email address, username, and password.
- If you have a referral code, don’t forget to enter it here.
- Tap the ‘Sign up’ button to complete the signup process.
Search for someone selling Bitcoin via PayPal
Once you have created an account, the next step is to search for an advertisement selling Bitcoin. There are two ways to search for ads selling Bitcoin on LocalCoinSwap:
- Click “Buy Crypto” in the top menu.
- I want to: Buy
- Cryptocurrency: Bitcoin
- Payment method: PayPal
- Location: Your location
Now you will see all the available options where you can buy Bitcoin using PayPal in LocalCoinSwap.
5. Buying Bitcoins with payPal at Bitvalve
Bitvalve is a P2P crypto exchange that charges a 0% commission fee on every trade. With BitValve, you can buy and sell bitcoin from anywhere. Bitvalve also have an Android app.
While LocalBitcoins and Paxful only support Bitcoin peer-to-peer exchange, Bitvalve supports Bitcoin, Ethereum, Cardano, Litecoin, Ripple, Shiba Inu, Dai, USDT, Dogecoin, Uniswap, and Bitcoin Cash. Also, Bitvalve supports crypto to crypto trading.
Read the full article about buying Ethereum with no KYC with Paypal using Bitvalve.
They do have KYC for a volume over $1.000 per account.
Example: How does Alice use Bitvalve to Buy Bitcoin from her Paypal account?
When you sign up with Bitvalve you will get 10 BTV tokens for free
6. Buying Bitcoins with payPal at Hodl Hodl
Hodl Hodl is a Bitcoin peer-to-peer exchange.
Hodl Hodl is a global P2P Bitcoin trading platform, where all trades occur directly between buyers and sellers, and without a middleman involved.
Hodl Hodl does not hold user funds (we are locking it in multi-sig escrow instead), because of what our platform does not require KYC procedures.
Users can require personal information about their counterparty in the conditions of the offers, however you can accept them or not. You can also create your own offer with your own terms and conditions.
Is it possible to buy Bitcoin with PayPal with no ID?
Yes, buying Bitcoin via PayPal with no KYC requirements is possible.
Step-by-step procedure on Hodl Hodl
- Contract creation: Buyer and seller engage in a contract. Hodl Hodl generates a unique multisig escrow address.
- BTC depositing and Payment transfer: Seller deposits bitcoins in escrow directly from their wallet. The buyer pays the seller according to the agreed-upon payment method.
- BTC releasing & Contract closure: Seller releases bitcoins from multisig escrow directly to the buyer’s wallet.Contract is completed.
Risks with PayPal to Bitcoin
To be safe while buying Bitcoins with PayPal, one should be aware of the risks. The platforms we provided here in this guide are all secure places to buy bitcoin.
However, in the case of P2P platforms, it does not hurt to work with verified sellers since some might come out as quite dishonest.
Outside of our list, many other sites allow you to buy bitcoin with PayPal. However, many turned out to be either straight or exit scams. Therefore, it is essential to do good research when choosing a new platform to buy BTCs with a PayPal account.
E-payment system does not take any responsibility for your funds once they leave your balance.
Here are a few steps that you can take to ensure there are no red flags when choosing a new platform:
- Check if the company is a registered business
- See if the site in question has any customer reviews, especially negative ones
- Investigate their business model to determine whether it is profitable
- Use IP address sites to check how old is the website, as new ones probably have no reviews
Conclusion - Best way to Buy Bitcoin via PayPal
It seems that P2P platforms are the best bet if you wish to buy Bitcoin with PayPal. LocalBitcoins, Paxful, and BitValve offer ways to buy Bitcoin without ID. However, it would be best if you did the work of finding suitable ads within these platforms.
Crypto peer-to-peer exchanges must be used to target minor markets or markets where the government tries to shut down crypto markets. India is such an example, and with Bitvalve you can exchange ETH to INR or INR to ETH.
