Buying Crypto through PayPal: What You Need To Know

Anyone can buy, sell, or hold Crypto using PayPal. You can also use Crypto at the checkout for some purchases, but using any cryptocurrency at all as a payment method is generally not a good idea. Cryptocurrency experts recommend long-term holding, just like other long-term investments.

Apps to buy Crypto 

PayPal and other apps like Venmo and Robinhood make cryptocurrency more accessible, which is one of the principal reasons, so many beginners are attracted to it. However, it doesn’t come without risks.

Buying Crypto in the view of experts


According to Julian Morris, you can own hundreds of dollars worth of cryptocurrency in two seconds if you have a PayPal balance on your phone. It’s just as simple as that.

David Yermack, a finance professor at NYU Stern School of Business who researches cryptocurrency, says that owning a little of it makes sense given the cryptocurrency market’s value. However, you shouldn’t focus on it exclusively. 

“Diverse investing always works best when you own a bit of many things, not investing all your eggs in one basket,” he says.

Buying Crypto with PayPal

You need to create an account with PayPal to buy Crypto with it. To buy Crypto, all you need is a PayPal account and a button that says “crypto.” Next, you have to choose only which coins you’d like to buy. 

The PayPal app offers four cryptocurrencies: bitcoin, ethereum, litecoin, and bitcoin cash. If you’re a new investor, experts advise sticking to Ethereum and Bitcoin.

PayPal fees on buying and selling Crypto

During the checkout process, you’ll need both available funds as well as a linked debit card or bank account. The weekly spending limit can be as low as $1 or as high as $100,000. PayPal includes a fee when you buy and sell Crypto, determined by how much you buy. The PayPal terms and conditions must also be approved, and you must verify your identity. If you decide to make a purchase with Crypto, PayPal will automatically convert it into the U.S. dollar at no additional cost. 

You have to pay 0.50 USD fee for 1.00 – 24.99 USD purchase or sale amount, 2.30% fee on 25.00 – 100.00 USD purchase or sale amount, 2.00% fee on 100.01 – 200.00 USD purchase or sale amount, 1.80% fee on 200.01 – 1000.00 USD purchase or sale amount and 1.50% fee on $1,000.01 and up to purchase or sale amount.

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