There are many payment options to buy cryptocurrencies through an exchange – bank transfers, cards, Peer-to-peer, using other cryptos, etc. This blog post will highlight how you can directly buy crypto with PayPal using the built-in option within your PayPal account.

While this post is about how to buy crypto within your PayPal account, we will also explore other options that allow you to purchase crypto with PayPal.

Why Should You Buy Crypto With PayPal Directly?

One of the main challenges of buying crypto with Paypal, especially through the Peer-to-Peer trading option on some exchanges is that chargebacks using Paypal are easy with Paypal. The exchange releases the crypto you sold to the counterparty, as soon as they receive it, they ask for a chargeback from Paypal and you lose your funds. Some of the reasons you should use Paypal to buy crypto directly are as follows;

  1. It eliminates cashback from people and secures the payment you receive from selling your crypto.
  2. It provides a window to convert your Paypal (and by extension fiat) into cryptocurrencies.
  3. It is very convenient and makes it easy to integrate crypto with your regular fiat transactions.
  4. It helps you manage your funds better.

How To Buy Crypto With PayPal Directly

The following are steps for using PayPal to directly crypto (using the PayPal App. There is a slight variation if you use the web version of Paypal.)

Step 1: Log in to your PayPal Account or Register for an account if you do not already have one.

Step 2: Click on “Finances” in the top left corner, and then on “Crypto“. This is only available for some selected countries like the US.

Step 3: Choose a Crypto to buy. Then Click on “Buy

Step 4: Enter the amount of Crypto you want to buy. You can also select the purchase frequency here as daily, weekly, biweekly, or monthly. And set the start date. Then select the start date.

Step 5: Select your Payment Method. Then Click “Next

Step 6: Authorize and Schedule the Payment.

Supported Cryptocurrencies on PayPal

  • Bitcoin
  • PayPal USD (no other stablecoin is supported) 
  • Ethereum
  • Litecoin
  • Bitcoin Cash.

The Pros

  1. The limits are high. You can do up to $100,000 in a week.
  2. It is safe and secure
  3. It is convenient to use
  4. Allows withdrawal to your personal wallets or third-party wallets

The Cons

  1. The fee can be relatively high depending on the transaction (volume). It ranges between 0.45 USD to 1.8%.
  2. The Service is limited to just a few countries
  3. Only a limited number of Crypto are available.
  4. You can only withdraw up to a maximum of $25,000 a week.
  5. The Paypal wallet for crypto is non-custodial, i.e., you do not have access to the private keys of the coin you hold.

The PayPal Stablecoin

Paypal – one of the world’s leading payment platforms has announced the launch of its stablecoin. It is PayPalUSD or simply PYUSD. This is a nice addition to the ever-growing list of crypto stablecoins like USDC, USDT (Tether), BUSD, DAI, TrueUSD, etc.

PayPal USD is said to be fully backed by U.S. dollar deposits, Short-term US treasuries, and other similar cash equivalents and is redeemable for the U.S. dollar at a 1:1 ratio. It’s redeemable 1:1 for U.S. dollars and is issued by Paxos Trust Company

PayPal has always made provisions for crypto transactions, albeit with some technical restrictions. It was a deposit option for many crypto exchanges. Providing a window to convert your fiat to Paypal and then to cryptocurrencies where direct banking services were not allowed. With PayPal USD, crypto transactions within the PayPal Payment system and with other crypto platforms will be seamless.

Stablecoins are pivotal to adopting Cryptocurrencies as they bridge the gap between fiat currents and volatile cryptocurrencies. PayPal USD will improve the digital payment industry and encourage a better adoption of cryptocurrencies as a viable payment option. C.E.O Dan Schulman; noted at the launch of PayPal USD

 “Our commitment to responsible innovation and compliance, and our track record delivering new experiences to our customers, provides the foundation necessary to contribute to the growth of digital payments through PayPal USD.” 

PayPal USD will be the only stablecoin that PayPal supports, So no USDT, USDC, or other popular stablecoins.

What You Can Do With PayPal USD (PYUSD)

PayPal USD is for Digital payments and Web 3.0. It will transform your PayPal account into a “mini-crypto” wallet, allowing easier integration with other crypto platforms.PYUSD will be compatible with Exchanges, Web 3.0 Apps, and Other Crypto Wallets

With Paypal USD, you will be able to perform the following transactions

  1. Transfer – Users can transfer the “traditional” PayPal and PayPal USD (PYUSD) and other compatible external wallets. This will be perfect for international remittances (when fully integrated).
  2. Send – Do peer-to-peer transactions using PYUSD
  3. Fund Purchases – with PayPal
  4. Crypto Swap – Convert PayPal USD (PYSUD) and/or other supported cryptocurrencies.  

The Current roll-out is for US customers at the moment, there is little doubt we will see other versions for other currencies like the Euro and British Pound.

Crypto Exchanges that Accept PayPal

Direct PayPal purchase for crypto is limited to the US (and a few other regions). You can still buy crypto on some exchanges and make PayPal Payments. The following are some of the crypto exchanges that support Paypal payments;

  1. Coinbase
  2. Kraken
  3. Bitstamp
  4. LocalBitcoinSwap
  5. CEX.IO


PayPal with the launch of PYSUD stablecoin is making it possible to buy cryptocurrency directly with your PayPal account. It is convenient, easy to use, and safe. PayPal provides a reliable platform to buy crypto without the fear of having a chargeback on your account as with centralized exchanges. Support is limited to a few countries and cryptos.

Other notable exchanges that support PayPal’s payments for crypto purchases include CEX.IO, KRAKEN, Coinbase, Bitstamp, Paxful etc.


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