PayPal has gotten involved in crypto a lot lately. It started with enabling the purchase of Bitcoin and other crypto assets directly on the app, and then the company launched its own stablecoin this year.
As a result of the openness to crypto, several exchanges have now enabled support for PayPal as an option for buying crypto assets on their platforms.
This is yet another method of buying crypto that may be more convenient for millions of crypto users worldwide.
If you’re interested in the use of PayPal to buy crypto, the following are the major crypto exchanges you can use to buy crypto using PayPal any day.
Coinbase is famous for its user-friendly design that has earned it the name “the people’s exchange”. The exchange is also known for its high security, with 95% of customers’ funds stored offline.
It also offers users many options for buying crypto, including PayPal. If you’re a beginner looking for a friendly exchange to buy crypto using PayPal, Coinbase is a top choice you should consider.
You can use PayPal to add USD to your Coinbase account and then use it to buy any crypto asset of your choice, and Coinbase has over 300 supported assets to choose from. Unfortunately, this is not available to users outside the U.S.
You can only withdraw fiat currencies after selling your assets. You should note though that Coinbase charges significantly higher fees than other crypto exchanges on this list.
Binance is the largest crypto exchange by trading volume, but that’s not all that it is famous for. It is also an exchange that offers a variety of features and payment methods, including PayPal.
This is not enabled for buying crypto directly as is the case with Coinbase, but you can use it as a payment option on the peer-to-peer trading platform.
Coinbase embraces all kinds of users, with its platform divided into Pro and Lite versions. The Pro version is for experienced traders, having features like advanced charting tools.
The Lite version on the other hand caters to beginners who may not be familiar with the advanced Pro features.
Interestingly, there are no fees charged for P2P trading, so buying crypto with PayPal is free. You can buy assets such as USDT, BTC, Ethereum, BNB, and FDUSD. You can use any of them to buy other assets you want, and there are over 300 listed assets.
eToro is known as the beginner-friendly exchange that trades more than just crypto. It is a social trading platform that allows users to copy the trades of experienced pro traders and learn trading in the process.
If you’re a beginner looking to use PayPal to pay for crypto, eToro is an excellent choice because of its ease of use. The platform also has reasonable fees that makes it easy for anyone to buy and trade crypto assets.
There are 70 crypto assets listed on eToro, with top ones such as Bitcoin, Ethereum and others among them. You can also delve into stocks and other assets if you’re feeling inspired about investing.
OKX is an innovation-driven crypto exchange, which makes it unsurprising that it supports PayPal, a payment method that isn’t so conventional for crypto exchanges.
While you cannot use it to buy crypto directly, you can use it to buy assets through the OKX P2P platform.
This platform is easy to use and highly secure for all users. You can also stake tokens on OKX and earn rewards after buying them.
Paxful is a bit different from other platforms on this list because it isn’t a centralized exchange. It is rather a platform that facilitates strictly peer-to-peer transactions between buyers and sellers.
The use of PayPal is supported on the platform as well as other unconventional payment methods like Payoneer. You can buy and sell BTC, ETH, and USDT directly on the platform using major currencies like USD, EUR, and GBP.