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How to buy crypto with PayPal easy guide for beginners

January, 19th 2024

buy crypto with PayPal

PayPal is a payment method used internationally and has become an authentic choice for crypto investors to carry out online payments. The quick withdrawal speed at PayPal and no strict requirements have broadened the network buying crypto with PayPal. However, beginners are unaware of how to buy crypto with PayPal. This comprehensive for beginners about everything that needs to be disclosed about buying crypto with PayPal. Let’s scroll through this must-to-know guide to explore all the details.

Reasons to Buy Crypto with PayPal:

Investors are looking forward to buying crypto with PayPal because of certain reasons including:

Fastest Way to Buy Crypto:

PayPal offers quick deposit speeds, so it’s considered one of the quickest ways to buy crypto. To exclude the scammers from the platform, sometimes PayPal’s customer support team may freeze transactions as a part of the investigation. Traders can buy crypto quickly with a credit card.

Safest Way to Buy Crypto:

PayPal has proved itself a safe method of purchasing cryptocurrencies as it’s a trusted payment processor, managed by government-appointed regulators. The robust security practices include two-factor authentication, transaction monitoring, and anti-phishing measures. All these protective measures ensure safety.

Cheapest Way to Buy Crypto:

Most of the platforms offering the services to buy crypto with PayPal are among the cheapest methods of buying crypto. However, direct usage of the PayPal app is not a cheap way to buy crypto with PayPal. The transaction fees vary between $0.50 and 1.8%, depending on how much crypto you purchase.

No Strict Requirements:

PayPal requires no registration for a new account and eliminates the need for a KYC verification processto buy crypto. In addition, the platform allows new users to test drive it without any bigger investment. Only a minimum order value of $1 is sufficient to start purchasing crypto.

How to Buy Crypto with PayPal?

A PayPal account allows you to buy, sell, and securely hold cryptocurrency (digital currency). The following details are for educational occasions only and do not represent an agreement of this type of Cryptocurrency. Contemplate a search for tax and economic advice from licensed experts. The cryptocurrency service is currently present to PayPal Personal account holders only.

Get commenced with cryptocurrency for as little as $1. You decide how much you want to cooperate, so it's quiet to beanpole to a forecast and buy what makes sense for you.You can buy Crypto with your PayPal balance, a PayPal-linked debit card, or a bank account. This article delves into all the authentic methods to buy crypto with PayPal in an easier way. Let’s traverse through all with a step-by-step guide.

1. Direct Buying of Crypto with PayPal

There are two methods to buy crypto with PayPal, one is via the web or the second is through the PayPal app.

Method 1:Buy Crypto with PayPal on the web:

Step1:Tap on the “Finances”.

Step2: Tap on the “Buy”.

Step3:Select a crypto to buy.

Step4:Select an amount and frequency like Daily, Weekly, semiweekly, or Monthly.

Step5:Frequency will fail to pay to One-time.

Step6:Select a payment routine and tap the Next.

Step7:Tap on Buy Now.

Method 2: Buy cryptocurrency with PayPal on the app:

Step1:Click Finances.

Step2:Click Crypto PayPal.

Step3:Click Buy.

Step4:Select an amount and frequency like Daily, Weekly, semiweekly, or Monthly.

Step5:Frequency will welshing to One-time.

Step6:Choose a starting date and tap verify.

Step7:Verify your amount and tap the Next.

Step8:Select a payment method and tap the Next.

Step9: Click Authorize and Schedule.

2. Buy Crypto on LocalCoinSwap with PayPal:

LocalCoinSwap, a top-ranked multi-chain P2P platform, is known for the lowest fees. It has been in business since 2017 and it doesn’t demand to complete the KYC verification. Crypto traders can stay anonymous if using this exchange to buy cryptocurrency.

Trading crypto on this platform is free, but if you’re generating an offer for buying or selling, then a 1% fee for an entire trade will be charged. Besides, it also includes 24/7 customer service, robust security, and more. Let’s explore the step-by-step guide to learn how to buy crypto on LocalCoinSwap with PayPal.

Step-By-Step Guide:

Step 1: Register for a LocalCoinSwap account:

Tap on the blue “Register” option in the upper right-hand corner of the homepage. Add on the required credentials like email address, password, and country of residence. Then, select the “Register” button. After clicking on it, you will approach the dashboard and find the two alerts on the upper bar requiring the verification of your email address and updating your account username.

Step 2: Search for an offer:

Adjust the filters to search for an offer for the cryptocurrency you want to purchase, payment method, etc.

Step 3: Inspect offer and confirm

When searching for an offer, you must pay attention to the cost of the selected cryptocurrency and must ensure that PayPal is an accepted payment method. Secondly, you need to look at the trading backdrop of the seller, verification status, etc. After finding an appropriate offer, tap on the “Buy” button.

Step 4: Transaction Details:

Add the exact amount of cryptocurrency you want to purchase in USD. Once you have done this, click on the “Buy” button.

Step 5: Confirmation & wallet selection

A confirmation notification will appear to start the trade. Choose the wallet to which you want to receive cryptocurrency. It may vary, either be LocalCoinSwap non-custodial wallet or MetaMask. Keep in mind that later one requires a browser extension.

Step 6: Complete the transaction

On your navigation to the Trade page, you are allowed to chat with the seller to discuss the necessary details regarding the payment. When the escrow is funded and a message for the same will appear on the UI, send the fiat to the seller. In response, the seller will confirm the receipt. After that, the crypto will be released and trade will befinalized.

3. Buy crypto on the eToro app with PayPal

The application's overall grade on the Google Play Store is 4.1 out of 5, and on the Application Store, it’s 4.7 - making it a highly-rank application. New accounts receive $100,000 in digital currency to play around with before perfusing real money. The organized trading platform does a great job of attracting users through the platform’s grand-winning CopyTrader™ feature that allows you to take off the trade patterns of successful users.

Besides, you don't need to pay deposit charges, and the crypto transaction fee is a translucent 1%. The remarkable downsides of trading with the eToro application comprise relatively high withdrawal fees, fees when you remain inactive, and costly wallet transfers. Let’s go through a step-wise guide to learn how to buy crypto on the eToro app with PayPal.

Step-By-Step Guide:

Now, we will portion the steps you need to follow to buy crypto on the eToro App with PayPal. This segment is useful for starters who are trying to figure out how to get started.

Step 1: Download the eToro app and register an account:

Download the eToro mobile application by overtaking Google Play or the Application Store, and pivot on your smartphone’s operating system. Install the application and start the signing up process by following the on-screen command. You can deliver your email address and create a username/password, or use your Google or Facebook account.

Step 2: Fund your account:

Now, it’s time to fund your account with PayPal by snicking on the menu button in the top left-hand corner and then clicking the blue coating Funds button. You will be taken to the screen (as shown below) where you can make your deposit.

Step 3: Buy Crypto

Once you have money in your eToro account, tap on the locate button in the bottom left-hand corner of the application's homepage. Next, in the search bar, type Bitcoin or any other crypto and select the currency from the list. Now tap on the blue Trade button, and you will see the screen below where you can buy Bitcoin.

Factors to Consider When Buy Crypto with PayPal:

A few noteworthy points are considered when purchasing cryptocurrencies to ensure you make the right choices. These include:

Supports PayPal:Focus on the available deposit choices to make sure that PayPal is acceptable.

Cost: Search for the best platform after comparing the fee structures of the different platforms

Security: After buying cryptocurrency, consider deciding the best storage location for safety. For instance, a cold storage wallet like Ledger Nano X for additional security.

Taxes: Find out what the laws for imposing taxes on buying and selling cryptocurrency in your location.

Amount: Bear in mind the volatile nature of cryptocurrencies, so avoid buying cryptocurrencies more than you can afford.

Final Thoughts:

At last, PayPal is the most trustworthy and widely used online payment method across the world. It has now become possible to buy crypto with PayPal. This comprehensive article includes everything about how to buy crypto with PayPal. Along with direct PayPal, certain other platforms like eToro and LocalCoinSwap are offering reliable services. I hope this article will prove helpful in picking up the best method to buy crypto with PayPal.