Buy Crypto With PayPal in the UK

This comprehensive page provides all the vital information of where you can buy cryptocurrencies with PayPal. Also, you might be surprised to learn that you can use PayPal to buy cryptocurrencies directly from the app itself in limited countries.

This guide covers the top methods of buying crypto with PayPal and the best providers in each category. If you’re short on time, they are eToro, Coinbase, and Binance. Choosing one of these is a no-brainer if you want to buy cryptocurrency with PayPal.

Top Crypto Brokers That Accept PayPal

eToro – The Overall Best Platform to Buy Crypto With PayPal

eToro is universally considered a top-tier crypto trading platform for users depositing with PayPal. Users can trade crypto for as little as £10, so beginners can start with little investment. Also, eToro customers can mirror other traders that have successful track records via the CopyTrader feature. Read our eToro review to learn more about this industry-leading crypto trading platform.

Best Ways to Buy Crypto With PayPal

This section summarizes all the popular methods to buy cryptocurrencies with PayPal, allowing you an opportunity to compare each one to find the option that suits you the most.

• Crypto Brokers

• Crypto Derivatives Such as CFDs

• Crypto Exchanges

• Crypto P2P Services

• Crypto Apps

• Buy Crypto Directly on PayPal

Best Brokers to Buy Crypto With PayPal

Brokers are convenient options to buy cryptocurrency using PayPal as these platforms are known for charging a low fee for the service of facilitating trades between buyers and sellers.

We have listed the providers above because they consistently deliver better experiences to end users over competing brokers. They have a track record of reliability, offer low account minimums, and the fees are transparent. Also, they offer a wide range of cryptocurrencies to trade.

eToro – It’s the Best Choice for Beginners

Beginners love what eToro offers and the platform’s strong educational resources are one of them. It allows inexperienced cryptocurrency traders to learn strategies and noteworthy considerations for trading. Also, you can take advantage of over 3,000 investment instruments if you want to diversify from crypto.

Overall, eToro is a trusted platform because it’s tightly regulated while offering strong security features like two-factor authentication to protect account logins. Cryptocurrencies can be traded with a 0% commission, which is ideal for beginners who want to save money when starting out.

The drawbacks of buying cryptocurrencies on eToro are the withdrawal and inactivity fees after 12 months of inactivity.

Buy Crypto on eToro With PayPal: Step-By-Step Guide

Best CFD Brokers to Buy Crypto With PayPal

CFD brokers are not used for buying cryptocurrencies, but for speculating on if the price of a coin will increase or decrease. A contract is created, which means you’ll need to settle the difference between the coin’s price at the start and end of the contract period. The table below showcases the top 3 CFD brokers that accept PayPal

The CFD brokers above were chosen because they are regulated by trusted government-appointed organizations, have excellent reputations with the customer base, and offer lightning-fast registration processes. Also, the competitive trading fees and no PayPal deposit charges mean you’ll save money in comparison to other expensive alternatives.

Plus500 – Top Choice for Smooth Mobile App

The mobile app from Plus500 offers the same functionality as the desktop version of the platform without any compromise on the user interface. The extensive demo account allows you to test-drive the features before using real money for investing.

The process of getting started is fast as you need to verify basic personal information and provide payment details. Also, there are various popular payment options, including bank transfer, credit/debit card, and PayPal.

Buy Crypto on [Top CFD Provider] With PayPal: Step-By-Step Guide

Best Crypto Exchanges to Buy Crypto With PayPal

A cryptocurrency exchange is one of the most popular methods to buy and trade cryptocurrencies through fiat or altcoins. These platforms make use of order books and act as intermediaries for buying and selling cryptocurrency to simplify the process for users.

The exchanges listed in the table above were chosen because they are known for offering user-oriented functionalities followed by a large number of cryptocurrencies to buy, high liquidity, vast trading volume, fast transaction speed, and more. These attributes play a key role in making trading and investment a convenient experience for users.

Additionally, the trading fees starting at just 0.1% means you’ll save money compared to more expensive cryptocurrency buying methods. The responsive and interactive customer support teams at these platforms ensure that the users can have an uninterrupted experience.

How to Buy Crypto With PayPal on an Exchange

You can buy Bitcoin or Altcoins from a wide range of popular exchanges, which include Coinbase, Binance, Kraken, KuCoin, Crypto.com, and more. You can initiate your journey by registering a new account with one of these exchanges and completing the KYC verification process.

PayPal is not available at every cryptocurrency exchange, so you should research the possible payment methods for making the deposit on an exchange before registering an account. Once you have logged into your new account, navigate to the deposit page and choose PayPal as the payment method. You may discover a few limitations, including what fiat currencies are available and the amount you can deposit per transaction.

How to Find Cryptocurrencies on an Exchange: To find a specific cryptocurrency on an exchange, you will need to navigate to the trading section of the platform and use the search bar to find a specific cryptocurrency. Popular cryptocurrencies like Bitcoin, Dogecoin, Ethereum, and Litecoin can be found at the top of the list of available cryptocurrencies.

Altcoins and Bitcoin

Some altcoins cannot be purchased directly with fiat currencies, but you can buy them with cryptocurrencies like Bitcoin. Therefore, buy Bitcoin as outlined in the steps above and look for the altcoins you wish to buy. Click on the buy button and specify the amount of the altcoin you want to trade for Bitcoin.

Coinbase – Top Choice for Massive Cryptocurrency Selection

Coinbase supports over 200 cryptocurrencies, hence providing users with a lot of diversity as far as trading and investment options are concerned. In addition to providing a massive number of cryptocurrencies, the users can enjoy other exclusive benefits and products from this platform including but not limited to Coinbase Learn, Coinbase NFT, Coinbase Wallet, and more.

However, the transaction fees fall within the range of 0% to 0.6% which is relatively higher compared to other alternative methods of buying cryptocurrencies.

Can I Use Decentralized Exchanges With PayPal?

Decentralized Exchanges (DEX) first appeared in 2014 and revolutionized the way users can trade cryptocurrencies in a peer-to-peer ecosystem without the involvement of an intermediary. Decentralized exchanges don’t require account registration or KYC verification, hence creating room for anonymous trading and investment.

To trade cryptocurrencies on DEXs, you will need to connect to a DeFi wallet like MetaMask which opens up many possibilities like sending/receiving tokens and broadcasting transactions.

Hence, it’s not possible to use PayPal to interact directly with any DEX. Instead, you must store tokens on a DeFi wallet to start trading on a DEX. However, you can use PayPal to buy cryptocurrencies from a centralized exchange and then move those crypto assets to your DeFi wallet.

Best Crypto P2P Platforms to Buy Crypto With PayPal

P2P platforms allow buying and selling of crypto between the users directly. You can search for offers that match your requirements concerning coin price, payment method, and allowed transfer time.

The listed P2P platforms above were chosen because these providers are known for having a high trading volume, which means you can find more offers to buy cryptocurrencies. Moreover, these platforms accept a wide range of payment methods, including PayPal. These platforms are heavily regulated, hence the users can rely upon them to fulfill their needs of buying crypto.

KuCoin – Top P2P Platform for Lowest Fees

KuCoin P2P levies no trading fees, a competitive option compared to other expensive platforms. The platform is also known for providing a vast range of cryptocurrencies followed by multiple deposit and withdrawal options. Some of the popular deposit options at Binance P2P include PayPal, bank transfer, and debit/credit card.

Most importantly, KuCoin is a platform with a proven track history with a strong focus on security. However, some of the cons associated with this platform include hard to navigate interface and a sluggish verification process.

Buy Dogecoin on KuCoin With PayPal: Step-By-Step Guide

Best Apps to Buy Crypto With PayPal

Buying cryptocurrencies with mobile apps is convenient and fast. You can trade while on the move and enjoy the same functionality as the desktop apps. In the table below, you’ll find 3 of the top cryptocurrency trading apps that support PayPal as a payment method.

The platforms listed in the table above offer live coin prices via easy to read charts, detailed notifications with customized updates, related news updates, and historical charts, powerful analysis tools to improve trading strategies, and more.

Also, these apps are highly rated on Google Play and App Store, which indicates they are stable and offer a glitch-free experience.

eToro App – Top Choice for Feature-Rich App

The app’s overall user score on Google Play is 4.2 out of 5, and on the App Store, it’s 4.7 – making it a highly-rated app. New accounts receive £100,000 in virtual currency to play around with before investing real money.

The social trading platform does a great job of connecting users through the platform’s award-winning CopyTrader™ feature that allows you to mimic the trade patterns of successful users. Moreover, you can buy cryptocurrencies without paying a deposit or transaction fee.

The notable downsides of trading with the eToro app include relatively high withdrawal fees, inactivity fees, and expensive wallet transfers.

Buy Dogecoin on eToro App With PayPal: Step-By-Step Guide

Buy Crypto Directly on the PayPal App

You can buy cryptocurrencies directly on the PayPal app in limited countries like the United States and the United Kingdom. Therefore, you do not need to create an account with a broker or exchange. This is convenient for users that already use PayPal and don’t want to register a new account with intermediaries. Also, you can buy cryptocurrencies with a minimum trade amount of just £1.

You can use the PayPal app to buy cryptocurrencies from your account balance or funding methods like a bank transfer or debit/credit card. Additionally, many cryptocurrencies that are purchased on PayPal can be used for sending to other users.

How to Buy Crypto on PayPal

Can You Buy Crypto With PayPal Credit?

Yes, you can use PayPal credit to buy cryptocurrencies on platforms like Coinbase, Bitpanda, and LocalBitcoins. Select PayPal as the payment network and complete the payment via PayPal credit. The advantage of this method is accessing credit to buy crypto, but you will pay a higher fee than using your PayPal balance because you are making the payment using credit.

Fees For Buying Crypto on PayPal

It’s important to be aware of the PayPal fees when buying directly through their app so you can compare the costs with brokers and exchanges.

Where Can You Use PayPal to Buy Crypto?

Check to see if the country where you live is accepted for buying cryptocurrencies directly on the app.

What Crypto Can You Buy With PayPal?

Learn about the various coins available for purchase directly within the PayPal app to see if your desired ones are on the list.

Should You Buy Crypto With PayPal?

PayPal is a practical choice for crypto traders who are already using this payment processor to fulfill their online payment requirements. There is no need to register for a new account, so another KYC verification process is not required to start buying crypto. Additionally, the minimum order value is only £1 which allows the new users to test drive the platform without a large investment.

You can also use PayPal to store cryptocurrencies and trust the platform with your funds as it is highly regulated and is in the industry for almost two decades. The fast withdrawal speed at PayPal means you can quickly swap crypto to fiat currency.

The drawback of using PayPal to directly buy cryptocurrency is the high fees, which are not competitive with exchanges like Binance and eToro. Also, there is a limited number of cryptocurrencies, and you cannot buy from every country.

Exchange or a Broker: What Are the Differences When Buying Crypto With PayPal?

Buying cryptocurrencies on an exchange and broker provides fast and smooth experiences. However, you need to understand the differences to choose the right one, and this section explains them.

Buying Crypto With PayPal Using an Exchange

Centralized platforms like Coinbase accept PayPal as a method of funding the account, which can be used to buy cryptocurrencies. These CEXs act as intermediaries between the seller and buyer.

Buying Crypto With PayPal Using a CFD Broker

Cryptocurrency CFD brokers are used for profiting from predictions on if the coin price will increase or decrease within a specified time period. Therefore, you do not buy cryptocurrency as an asset with CFDs, so it’s purely a speculative transaction.

Is It Worth Buying Crypto With PayPal?

In this section, we offer our opinion on if you should use PayPal for buying cryptocurrencies. Overall, it’s a good payment method because you can deposit on most platforms without paying a fee. Also, the wide availability of top providers means you have plenty of options to buy cryptocurrency with PayPal.

The drawbacks of PayPal are limitations on the amount of cryptocurrency you can purchase in a single transaction, which varies based on the platform.

Is PayPal the Fastest Way to Buy Crypto?

Transaction speed is an important factor when trying to get your hands on cryptocurrencies faster. PayPal offers instant deposit speeds, so it’s one of the fastest ways of buying crypto. In some cases, PayPal’s customer support team may freeze transactions for investigation as part of their commitment to eliminate scams on their platform. You can also buy crypto fast with a credit card.

Is PayPal the Safest Way to Buy Crypto?

PayPal is a safe method of buying cryptocurrencies because it’s a trusted payment processor that is regulated by government-appointed regulators. Their website uses modern encryption, and 2-factor authentication is required when logging into the account or executing a payment.

Is PayPal the Cheapest Way to Buy Crypto?

PayPal is among the cheapest methods of buying cryptocurrencies because there is no deposit charge on most platforms. However, PayPal is not cheap for buying cryptocurrencies if you are using their app directly. The transaction fees are between $0.50 and 1.8%, depending on how much crypto you buy.

What Are the Fees When Buying Crypto With PayPal?

It’s important to have a general overview of various fee types when buying cryptocurrencies with PayPal. The table below summarizes fees for multiple steps of the buying and selling process while using PayPal.

Is Buying Crypto With PayPal Anonymous?

As you’ll learn in the following section, buying cryptocurrency with PayPal is not usually anonymous.

Can You Buy Crypto With PayPal Without ID, Verification or KYC?

You will need to verify your identity with most methods using PayPal. Examples include exchanges, brokers, and the PayPal app. You can buy cryptocurrencies without ID or KYC verification using DEXs – but you cannot use PayPal directly to fund your DEX wallet.

Can You Buy Crypto With PayPal Without Registration?

No, registration is required when using a PayPal account to buy cryptocurrencies. Additionally, the platforms where you’ll buy crypto require registration to start trading. However, platforms like Binance, Coinbase, and eToro provide a fast registration process that’s easy to understand for beginners.

Reasons to Buy Crypto With PayPal

It’s important to figure out why one payment method is better than others to help choose the right one for your requirements. PayPal is a top choice because transactions are processed instantly and there is no deposit fee. Also, it is available on many popular cryptocurrency trading platforms, and it’s open to PayPal users worldwide.

Alternative Payment Options to Buy Crypto With USD

This section shares the top alternatives for buying cryptocurrencies. You may want to use an alternative if PayPal is not available at your preferred trading platform or the deposit limit is too low.

Buy Crypto With Debit Card, Credit Card, or Ameх

You can enjoy instant transaction speeds with a debit card, credit card, or Amex. Also, their availability on most platforms means you can use your preferred exchange for trading cryptocurrencies. Most people have a credit or debit card, so you don’t have to register a new account to start using the payment processor.

Buy Crypto With Bank Transfer

Bank transfer might be the better option to buy cryptocurrencies if you do not have a PayPal account and don’t want to open one. Also, some users might be banned from PayPal, or it’s unavailable in their country. Therefore, bank transfers are a viable alternative that is an open choice for almost anyone.

Buy Crypto With Prepaid Card

Prepaid cards can be used to instantly deposit money to the platform where you want to trade cryptocurrencies. They are offered on most platforms, and no personal information is attached to repaired card deposits. Therefore, you can buy cryptocurrency without revealing your identity.

Buy Crypto With Skrill

Skrill is a good PayPal alternative because there are no account deposit fees, and it offers the ability to buy crypto directly at lower fees. Also, Skrill account openings are fast, and users can get verified the same day. You can also use the Skrill card as a payment method when buying cryptocurrencies within the PayPal app.

Buy Crypto With PayPal on Digital Wallets

Digital wallets are a good PayPal alternative because some provide rewards when making payments online. Also, some wallets are easily accessible to users that might not have a PayPal account. Popular digital wallet examples include Apple Pay, Google Pay, Zelle, Venom, and Neteller.

What to Consider When Buying Crypto With PayPal

You need to consider a few noteworthy points when buying cryptocurrencies to ensure you make the right choices. This section will help you set the right expectations during the cryptocurrency buying process when using PayPal.

• Supports PayPal: Before registering an account with the exchange or brokers, look at the available deposit options to ensure PayPal is accepted.

• Fees: Look at the fee structures of various crypto trading platforms to find a competitive service. For example, Binance charges trading fees of just 0.1%, so you’re getting a better deal compared with most competitors.

• Taxes: Buying and selling cryptocurrency in some countries require the payment of taxes. Find out what the relevant laws are in your location. For example, in the United States, the IRS Form 8949 must be filled out, which shares your cryptocurrency gains and losses.

• Safety: After buying cryptocurrency, you need to decide on the best storage location for safekeeping. Consider transferring the cryptocurrency to a cold storage wallet like MetaMask for added security.

• Amount: Cryptocurrencies are volatile, so don’t buy more than you can afford to lose.

How to Sell Crypto Using PayPal

Do All Platforms Accept PayPal to Buy Crypto?

Unfortunately, PayPal cannot be used as a payment method on all cryptocurrency trading platforms, so investigate before registering for an account.

Should I Buy Crypto With PayPal?

To summarize, PayPal is a great choice for buying cryptocurrencies because of no deposit fees, instant processing times, and availability on most industry-leading cryptocurrency exchanges. Note, that you cannot use PayPal to buy cryptocurrencies directly from centralized exchanges. You need to fund your account with fiat like USD on the exchange using PayPal and then use the deposited funds to buy cryptocurrencies.

Finally, it’s also possible to buy cryptocurrencies directly from the PayPal app, but the trading fees are significantly higher than exchanges and there are only four cryptocurrencies that you can buy i.e. Bitcoin, Ethereum, Bitcoin Cash, and Litecoin.

The popularity of PayPal means you can enjoy payment methods at top-tier cryptocurrency trading platforms like eToro, Plus500, and LocalBitcoins.

Can I Buy Any Other Cryptocurrencies With PayPal?

Yes, you can buy hundreds of cryptocurrencies with PayPal, which includes popular options like XRP, Litecoin, Ethereum, and Dogecoin.

FAQs