Today,  it’s easier than ever to buy Bitcoin (BTC) online. As the industry has increased in popularity and its technical capabilities have developed, the payment methods you’re able to access has improved. To give you the lowdown on one of the best payment options, we’ve compiled a complete guide to buying BTC and altcoins using PayPal.

eToro
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated
Min Deposit
£160
United Kingdom
Key Features
Award-winning Cryptocurrency trading platform
11 payment methods, including PayPal
FCA & Cysec regulated
Payment Methods
Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, NETELLER, Yandex, WebMoney, UnionPay, Western Union, MoneyGram
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
eToro is a multi-asset platform which offers CFD and non CFD products. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CEX
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Min Deposit
£1
United Kingdom
Key Features
Margin Trading
Legal compliance
Advanced Reporting
Various Payment options
Payment Methods
Credit Card, Debit Card, Wire Transfer, Cryptocurrencies
Cex.io offers exchange of fiat currency for Bitcoin and Ethereum, as well as Bitcoin/Ethereum trading against the USD.
Wirex
Key Features
Convert and spend cryptocurrencies in store with the Wirex Card.
No Fees on Cryptocurrency purchases.
0.5% Cryptoback™ (cashback) on all in store card purchases.
Min Deposit
£25
United Kingdom
Key Features
Convert and spend cryptocurrencies in store with the Wirex Card.
No Fees on Cryptocurrency purchases.
0.5% Cryptoback™ (cashback) on all in store card purchases.
Payment Methods
Credit Card, Debit Card, Wire Transfer
XTB
Key Features
Best Cryptocurrency broker 2019 by Good Money Guide
Regulated in several major financial centers including FCA
230,000+ traders globally, full money clients segregation
Min Deposit
£250
United Kingdom
Key Features
Best Cryptocurrency broker 2019 by Good Money Guide
Regulated in several major financial centers including FCA
230,000+ traders globally, full money clients segregation
Payment Methods
Bank Transfer, Credit Card, PayPal, Skrill
A global regulated broker with more than 14 years experience, XTB is one of the largest stock exchange-listed FX & CFD brokers in the world. They have offices in over 13 countries including UK, Poland, Germany, France and Turkey. XTB as a group is also regulated by the world's biggest supervision authorities including the Financial Conduct Authority, KNF, and CMB.
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Bithoven
Key Features
Highest liquidity
858 crypto pairs available for trading
Customer Care Team working 7 days a week
Min Deposit
£1
United Kingdom
Key Features
Highest liquidity
858 crypto pairs available for trading
Customer Care Team working 7 days a week
Payment Methods
Cryptocurrencies
Bithoven is an up-and-coming cryptocurrency exchange platform where you can buy and sell altcoins and tokens quickly, safely and beneficially. We do not impose any limits on the number of daily withdrawals or deposits, thus, nothing will restrain your financial acumen. By choosing Bithoven, you opt for impeccable uptime, fault tolerance and advanced functionality.
Margin trading involves a high level of risk since leverage can work both to your advantage and disadvantage. You should carefully consider your objectives, level of experience and risk appetite
Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Min Deposit
£1
United Kingdom
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
24option
Key Features
Leader in Crypto CFDs
Cryptocurrency Education Centre
Easy to use Trading Platform
Min Deposit
£200
United Kingdom
Key Features
Leader in Crypto CFDs
Cryptocurrency Education Centre
Easy to use Trading Platform
Payment Methods
Credit Card, Debit Card, Skrill
24Option is an online CFD broker providing an intuitive trading platform designed with the latest technological advancements that are geared towards new traders as well as professionals.
EuropeFX
Key Features
24/5 multilingual customer support
Low minimum deposit
Easy deposit methods
Min Deposit
£200
United Kingdom
Key Features
24/5 multilingual customer support
Low minimum deposit
Easy deposit methods
Payment Methods
Credit Card, Debit Card, Wire Transfer, Skrill, UnionPay
Investous
Key Features
Daily market updates and news
Daily market analysis and historical data
Online webinars
Min Deposit
£250
United Kingdom
Key Features
Daily market updates and news
Daily market analysis and historical data
Online webinars
Payment Methods
Credit Card, Skrill, Wire Transfer
Investous even new platform has already established a solid reputation as a portal that's built around the evolving needs of its members. It provides a smooth simple and streamlined interface that supports intelligent and intuitive trading, with a wide range of popular assets, superb educational tools and responsive customer service.
79.86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Luno
Key Features
Expert team
Trusted provider
Backing from leading investors
Min Deposit
£1
United Kingdom
Key Features
Expert team
Trusted provider
Backing from leading investors
Payment Methods
Bank Transfer, Credit Card
Luno is on a mission to improve the worlds financial system and have recruited some of the best talent to do so.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
£1
United Kingdom
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
£1
United Kingdom
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.

Best PayPal Cryptocurrency Exchanges

Buy BTC with PayPal

Buy cryptocurrency using PayPal

Although eBay has become the home of PayPal over the last two decades, it’s now become an emerging force in the cryptocurrency industry. One of the main reasons traders have taken to this eWallet payment solution is the level of anonymity it offers. Although it’s not as anonymous as crypto-to-crypto payments, you do have to enter fewer personal details than, for example, credit cards. To explain more, let’s take a look at buying cryptos using PayPal.

How PayPal Payments Have Made it Easier to Buy Bitcoin

One of PayPal’s greatest strength is its efficiency. Firstly, because it’s an online payment solution, the way you access and use PayPal is similar to the interface of a leading exchange such as 24Option Trading. To put it another way, PayPal is an online innovation in the same way our recommended cryptocurrency exchanges are, which creates a certain connection between them.

Secondly, because the two mediums share one common root (i.e. the internet), moving money from one to another is extremely quick. Because your funds aren’t being funnelled through a traditional bank, it can take less time to make Bitcoin deposits and, importantly, withdrawals using PayPal.

The Largest PayPal Cryptocurrency Exchanges

When it comes to using PayPal crypto exchanges, liquidity is important. Without enough users buying and selling, it’s hard to get the coin you want at the best price. Although the rankings can always change, some of the largest PayPal exchanges are:

eToro: Active in 200 countries, eToro has three million users, 200,000 of which are active on an average day.

LocalBitcoins: A direct peer-to-peer platform where individuals can advertise the BTC they’re selling, this site has thousands of daily listings.

Markets.com: In addition to offering markets on 2,000+ instruments, Markets.com is publicly listed in the UK and has five million registered users.

PayPal Bitcoin Payments vs. Other Payment Methods

If you’re wondering if buying Bitcoin using PayPal is for you, here’s how the method compares to credit cards and other processors.

Security: Like credit cards and bank transfers, PayPal is highly secure. As well as offering a form of protection on certain transactions, you don’t need to put in a series of personal details when you make a deposit. For example, when you make a deposit using the xCoins Exchange, you only need to enter the email address associated with your PayPal account. By entering fewer personal details (i.e. name, address, card number), this method is deemed to be one of the safest.

Fees: Of the cryptocurrency exchanges we recommend, virtually all of them have no deposit fees for PayPal transactions. One thing you will have to note is the minimum deposit. This will vary from site to site. For instance, Xtrade Exchange has a minimum deposit of £200 (or local equivalent) while Makets.com is £100 (or local equivalent).

Availability: Although PayPal is one of the slicker Bitcoin payment methods, it’s not as readily available as credit cards or bank transfers. Therefore, your choice of exchanges will be limited.

As you can see, buying BTC with PayPal has plenty of advantages. To buy BTC using your eWallet, take a look at our table of recommended brokers.

Top Cryptocurrency Exchanges to buy with PayPal

 

For other payment methods, see:

Featured image source: Pixabay