12/11/2023 0 Comments Buy crypto through paypal![]() ![]() Lightning-fast transactions: You can buy and sell crypto through PayPal instantaneously.Įxchange markups: Conversion rates will apply to your purchase, so you'll be buying and selling cryptocurrencies at a small price disadvantage. Limited cryptocurrency support: To date, PayPal only supports 4 tokens, which are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). Not your keys, not your coins: PayPal does not provide access to your cryptocurrency keys, so you won't be able to store your crypto tokens in an external wallet.Ī wide array of payment options: You can buy crypto through PayPal by using your debit card, your bank account, or using your PayPal account balance. ![]() Higher fees: You'll be charged a fee for each purchase you make, and these fees are frequently higher than those you would expect from a cryptocurrency exchange.Īllows you to track your portfolio: PayPal also allows you to visualize your current crypto portfolio, as well as its total worth. Intuitive: PayPal allows you to buy cryptocurrencies through its app or through the website in as little as a few clicks. Pros & Cons Of Buying Crypto With PayPal Pros This is quite a limited selection when compared to other exchanges and services that support dozens or even hundreds of cryptocurrencies, but PayPal does plan to add more cryptocurrencies in the future. What Cryptocurrencies Does PayPal Support?Ĭurrently, PayPal only supports 4 cryptocurrencies, which are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). So, if possible, make one larger purchase rather than many smaller ones to save money on fees. Buying $200 in cryptocurrency, for example, costs less than purchasing $199 worth of crypto. You may sometimes save money by buying a little more cryptocurrency through PayPal. These are the transaction fees you can expect to incur whenever you buy or sell crypto with PayPal: Buy/Sell Amount (USD)
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