Buy Bitcoin With Paypal

Buy Bitcoin With Paypal

Due to restrictions implemented by Paypal, it has been difficult to buy Bitcoin with Paypal for a long time. In fact, your options are still very limited, and without the proper understanding of how Paypal and Bitcoin work, you might run into some issues.

So, can you buy Bitcoin with Paypal?

The short answer is yes, but there is much more to it than that so let us break down the nitty-gritty.

Buy Bitcoin with PayPal - A Step by Step Guide

  • Set up a Paypal Account by visiting PayPal.com.
  • Find a suitable broker from our list of recommended brokers on this page.
  • Register and verify your broker account.
  • Deposit money to your trading account using Paypal.
  • Buy Bitcoin either as an asset or by trading derivatives.

And that’s it. It’s really as simple as that.

Best Brokers To Buy Bitcoin with PayPal

Latest updated: 2019-05-17

Risk Warning:

Your capital will be at risk when using any of the recommended brokers on this page. Never invest money you can’t afford to lose. Using a high leverage can result in big losses. Between 65-89% of retail investors lose money when trading contracts for difference (CFD). Bullmarketz may be compensated by some of the brokers listed on our website.

Is It Even Possible To Buy Bitcoin with Paypal?

Let us start by answering one of the most commonly asked questions, can I buy Bitcoin with Paypal?

As mentioned, the answer is yes but only using certain methods. You see, Paypal has restricted the use of Bitcoin due to the cryptocurrency’s high volatility and related risks. Therefore, it’s impossible to buy Bitcoin with Paypal in most traditional ways.

Instead, you’ll have to get a bit creative.

For example, there are many investment brokers that let you buy and speculate on the price of Bitcoin, and you always have the option of buying Bitcoin from other users.

Better yet, these days it’s even possible to buy Bitcoin with PayPal in the US, but more about that in a second.

First, we’ll provide you with a quick step by step guide on the easiest way to get Bitcoin using Paypal.

Is It Safe to Buy Bitcoin with Paypal?

Unfortunately, Bitcoin has a bit of a bad reputation among many, and not everyone is convinced that it’s safe to buy Bitcoin, especially not with Paypal.

Luckily, we’re here to debunk those myths.

In our opinion, using Paypal to get Bitcoin is one of the safest options as long as you stick with regulated and licensed brokers. In fact, many of these brokers are more tightly regulated and safer to use than all of the leading cryptocurrency exchanges.

Also, as you can see in our step by step guide, getting started with a trading account that supports Bitcoin is very easy, and you can be trading already later today.

Where to Buy Bitcoin with Paypal

By now, you have probably guessed that in order for you to buy Bitcoin with Paypal you need a broker.

As mentioned, Paypal has restricted the use of Bitcoin and other cryptocurrencies which means none of the cryptocurrency exchanges support Paypal, at least not yet.

However, there is one alternative method that you can use to buy Bitcoin with PayPal in the UK, US, and elsewhere.

Several P2P platforms such as LocalBitcoins allow you to use Paypal as long as you find a seller that is okay with that.

Just be aware that it’s very easy to be deceived by untrustworthy sellers on LocalBitcoins and similar platforms, which is why we recommend you stick with our broker recommendations.

Best Sites To Buy Bitcoin With Paypal 2019

Now for the moment, you’ve all been waiting for – a list of the best brokers for traders looking to buy Bitcoin with PayPal.

1. eToro – The Number One Broker for Bitcoin and Other Investments

eToro is one of the world’s most renowned brokers, and they have many years of experience offering one of the most innovative trading platforms on the market.

This broker relies on a unique concept where traders are encouraged to interact with each other by sharing success and setbacks on the social trading platform.

In addition, eToro’s platform revolves around a copy trading platform that allows you to copy other successful traders without doing any real analytic work yourself.

Naturally, eToro also supports Paypal, otherwise, they wouldn’t be included on this list.

However, one of the most exciting things about eToro is that they recently launched a cryptocurrency trading platform called the eTororX.

Not only is this one of the best cryptocurrency platforms out there, but it supports Paypal and is available to American traders.

In other words, eToro can be used to buy Bitcoin with Paypal in the US, UK, Europe and elsewhere.

Read our eToro review for more information.

Platform: eToro Copy Trading as well as the eToroX
Support for PayPal: Yes
Cryptocurrencies: 15+ with an ever-growing selection
Demo Account: Yes
Mobile Trading: Yes

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Find the best trading platform. You capital is at risk when trading. Be careful.

2. Markets.com – A Seamless Process To Buy Bitcoin with Paypal

Markets.com has been one of ours and thousands of other traders favorite broker for many years.

This is mostly thanks to their straightforward approach to trading, integration with a top-shelf trading platform, and lately, a focus on offering an incredible cryptocurrency product.

Unlike eToro, Markets.com has not developed their own platform, but there is really no downside to that since they use MetaTrader’s software instead.

The MetaTrader 5 – which is Markets.com main platform – is a platform packed full of useful and practical features and tools that will optimize your trading and analytic abilities.

Moreover, Markets.com was one of the first brokers to jump on the cryptocurrency boom, and they have had plenty of time to really develop one of the best selections of exciting Bitcoin and digital currency derivatives.

And yes, obviously Markets.com allows you to buy Bitcoin with Paypal.

Take a look at our in-depth Markets.com review here.

Platform: MetaTrader 5
Support for PayPal: Yes
Cryptocurrencies: Large selection plus thousands of other assets
Demo Account: Yes
Mobile Trading: Yes

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Find the best trading platform. You capital is at risk when trading. Be careful.

3. AvaTrade – A Complete Product for Bitcoin Trading with PayPal

Are you a fan of tech and well thought out software?

Then look no further.

AvaTrade is an immensely popular CFD and forex trader that has supported both Paypal and Bitcoin for several years.

With some of the most technologically advanced platforms and satisfying selections of digital currencies, it’s no wonder why AvaTrade is such a popular pick among Bitcoin traders.

Better yet, AvaTrade provides platforms from MetaTrader as well as their own software meaning there is something here for everyone.

Learn more about AvaTrade here.

Platform: A combination of their own and third-party software
Support for PayPal: Yes
Cryptocurrencies: 10+ assets to choose from plus several pair-combinations
Demo Account: Yes
Mobile Trading: Yes

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Find the best trading platform. You capital is at risk when trading. Be careful.

Using Coinbase and Paypal

You might have heard that Coinbase has had support for Paypal since late 2018, which is true.

But does that mean you can buy Bitcoin with Paypal via Coinbase?

Unfortunately not.

The reason being that Coinbase only supports withdrawals via Paypal at the moment, meaning you can’t deposit any funds, although you can sell Bitcoins that you already own and withdraw the profits to your Paypal account.

Also, Coinbase is quite limited in terms of trading opportunities, and all of the above-mentioned brokers offer a similar selection of cryptocurrencies as well as a more varied trading experience.

There Are Many Benefits of Using Paypal to Buy Bitcoin

Finally, let’s take a look at some of the benefits of buying Bitcoin with Paypal.

Paypal transactions are usually done instantaneously meaning there is no need to wait to fund your account.

Instead, you can get started trading right off the bat.

Paypal is a well-known and well-respected financial service that is keen on treating their customers well.

Therefore, you can expect to get great support in the unlikely chance that you would encounter an issue.

Being the fact that Paypal is a global financial service with a reputation to protect, you can expect them to only collaborate with other respectable companies.

In other words, if a broker is good enough for Paypal, it should definitely be good enough for you too.

Our Author:

Our editorAdam Jarfjord is a Swedish day trader, investor, and copywriter. He works as head of content at BullMarketz.com and has been providing editorial content within the financial sector for more than 5 years.

Read more about him by visiting his LinkedIn profile or contact us directly to learn more about the team.

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74-89% of retail CFD accounts lose money.