Best PayPal crypto exchanges 2022

Our experts compared the best crypto exchanges that accept PayPal. Find out which PayPal crypto exchange offers the best value and lowest trading fees.
By:  & 
Updated: Nov 11, 2022
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This page compares the best exchanges that use PayPal and what you need to consider when choosing one. We explain how to use PayPal to buy cryptocurrency, the pros and cons of using it, and select the best exchanges for different levels of experience. 

What are the best PayPal crypto exchanges?

The table below includes the top exchanges you can use right now that accept PayPal. Click on any of the links to register in just a few minutes, or continue scrolling to learn more about each one.

1
Min. Deposit
-
Promotion
User Score
8.0
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Payment Methods:
Apple Pay, Google Pay, PayPal
Full Regulations:
2
Min. Deposit
$ 10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place
Trade on the world's leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
3
Min. Deposit
$ 1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
Credit Card, Debit Card, PayPal, Payeer, SEPA, Western Union, Wire Transfer, Yandex Money
Full Regulations:

Top cryptocurrency exchanges that accept PayPal

You can find more detail about the top PayPal crypto exchanges below. We’ve ranked each platform according to which PayPal exchange is best for which type of investor. Read on to learn more about each one. 

1. eToro: best overall PayPal crypto exchange

eToro is one of the most popular platforms around and has a growing number of coins available to buy and trade. From mainstream coins like Bitcoin and Ethereum, to altcoins like Dodgecoin and MANA, it has a wide choice of the best known tokens. 

Using PayPal to buy crypto with an eToro account is an easy process. All you need to do is register, decide which coin you want to buy, select PayPal as your deposit method, and finally place your order. 

eToro is our best rated platform because not only is it extremely easy to use, depositing via PayPal is free, and withdrawing money comes with a low flat fee of $5. Generally there is a minimum withdrawal amount of $30, although this could be a little more or less depending on your location. 

68% 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 

2. bitFlyer: best PayPal crypto exchange for beginners

New crypto investors or traders will have a list of requirements that include an easy to use platform, low deposit amounts, and low transaction fees, all of which the bitFlyer exchange caters to. bitFlyer is one of the top exchanges around that lets you deposit and withdraw with PayPal. 

Using PayPal with the platform is easy and consists of just a few steps. First you need to register an account, next navigate to the deposit section and select PayPal as your payment method of choice. Finally, enter the amount of money you want to transfer and click deposit. You will be charged a 4.99% fee for depositing using PayPal. 

One thing to note with bitFlyer is you can only use PayPal if you have a Trade Pro account, although upgrading is simply a case of providing more verification details. Once your account is verified, you’ll be able to buy and sell crypto and be able to use PayPal for depositing and withdrawing funds.

3. Binance: best low-fee exchange to buy crypto with PayPal

Binance has one of the largest selection of coins available with over 500 and is the best choice for experienced crypto traders or investors. Its platform comes with a range of features suited to users requiring more technical information when buying and selling cryptocurrencies. 

On Binance you can easily deposit and withdraw money using PayPal, but it’s important to note you need to be fully verified before you can do so. When you have registered and verified your account, simply head over to the deposit section, select PayPal as your method of payment, enter how much money you want to transfer, and click deposit. 

There are fees involved when using PayPal, although it’s usually free to deposit funds into your Binance account. When it comes to withdrawing money, fees can be charged and they vary according to where you are located and the type of crypto you are withdrawing. You can check out the Binance fee schedule for more information.

4. Pepperstone: best crypto platform to buy Bitcoin with PayPal

Pepperstone has a wide selection of cryptocurrencies available to trade seven days a week. It includes many of the most popular coins as well as a range of altcoins and has low trading spreads and no commissions. When trading crypto on Pepperstone there is no need for a wallet and by using CFDs, you can buy and sell to capitalise on short term price movements. 

PayPal is one of the payment methods available on Pepperstone and it is free to deposit funds or withdraw profits. Using PayPal is an easy process and all you need to do is create an account or log into yours if you already have one. Next head over to the deposit funds section on the Pepperstone website where you can select PayPal as your preferred payment method. 

Pepperstone is the best rated platform for traders because not only is using PayPal completely free, you can trade its range of coins with no commissions and small spreads. Using its spread betting method of trading also allows you to pay no tax on any profits you make.

5. PayPal: best way to buy Bitcoin straight from your PayPal account

Using PayPal directly is the most beginner friendly and easiest way to buy cryptocurrency. While it isn’t an exchange similar to other platforms on our list, it does offer four crypto options including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash which you can buy, sell, and hold. 

Buying crypto on PayPal is a straightforward process that requires just a few steps. First you’ll need to create an account or log into yours if you already have one. Next navigate to the ‘discover crypto’ section of the website and select the coin you want to buy. Finally, enter your order details including how many coins and click the buy button. Your coins will then be available in the wallet section of your account. 

There are fees involved when buying crypto on PayPal although what they are depends on how much you buy. There’s a flat fee of £0.50 for anything under £25. After that you will either pay 2.3% or 1.8% according to the size of your transaction. PayPals familiar and easy to use interface makes it the top rated platform for beginners.

What is PayPal?

PayPal is a popular way to send and receive money online and is used by many top crypto exchanges as a payment method. In recent years it has become a way to buy, sell, and hold cryptocurrencies directly on its platform. PayPal is often preferred by users while depositing funds to their exchange accounts as it offers an extra layer of security to transactions.

How should I choose a PayPal cryptocurrency exchange?

Before you go ahead and choose a crypto exchange that accepts PayPal you will need to consider what options are available. Below we’ve highlighted some of the features that you should look out for when choosing a PayPal crypto exchange.

  • Fees. Most crypto exchanges will charge fees when using their services such as commissions. Although not all will charge a fee for using PayPal to fund your account. It’s worth checking the payment terms of any exchange you plan to use ahead of time so you know what you will be charged. 
  • Choice of coins. Some exchanges only focus on a few coins, or the largest coins, while others will offer hundreds of coins. An exchange with just a few coins may be better suited to a beginner, while platforms with lots of coins will be a better choice for experienced users. 
  • Reliable platform. Exchanges can go down from time to time, so before you choose one make sure you check how reliable it is. One way you can do this is by reading customer reviews and finding out from other users how well an exchange performs. This is especially important for short term traders . 
  • Extra options. Some exchanges focus solely on letting users buy and sell coins, but others offer lots of extra options. One of the key ones to look out for is wallets, where you can safely store your coins. You can usually hold your coins on an exchange, but a wallet adds an extra layer of security and is important if you have a lot of coins. 
  • Transaction speed. When you deposit money into your exchange using PayPal the transaction is usually processed immediately. However, when it comes to withdrawing profits, the transaction can sometimes take a bit of time. If you want your money quickly, look for an exchange that processes withdrawals fast. 

Should I use a crypto exchange that accepts PayPal?

Yes, you should consider using one although it will depend on your own circumstances. If you are new to crypto then using the PayPal platform is the easiest way to buy your first coins. If you’re more experienced then using an exchange like the ones we’ve listed above is a good option. 

PayPal has lots of benefits and is one of the easiest ways to add and withdraw funds to and from your exchange account. If you make lots of transactions and want to keep your crypto activities separate from your bank account, then PayPal is an easy way to do it. Most exchanges accept PayPal meaning you’ll have a wide choice of platforms to choose from. 

Pros and cons of PayPal crypto exchanges

If you’re still not sure if you should use a PayPal crypto exchange then you can use our pros and cons below to help you make up your mind.

Pros

  • Most exchanges accept PayPal as a payment option so you have a lot of platforms to choose from. 
  • PayPal is easy to set up and use and you can keep your crypto transaction separate from your day to day banking. 
  • Depositing money to an exchange using PayPal is usually instant so you can start buying coins right away. 
  • PayPal adds an extra layer of security to your crypto transactions.

Cons

What are the fees for PayPal crypto exchanges?

There are two different types of fee to look out for. The first is the deposit fee, i.e. how much it costs to send money from PayPal to your chosen crypto platforms. The second is trading fees, or how much it costs to buy Bitcoins or other crypto on the exchange. Here’s a little more detail about each type of fee:

  • Deposit fees. Generally, you’ll find that PayPal transactions are more expensive than using a credit or debit card, but this isn’t always the case. Some exchanges let you make a deposit for free and only charge a flat fee for withdrawals. eToro is a good example of this, where it’s free to deposit from PayPal but costs $5 to withdraw.
  • Trading fees. Trading fees vary depending on the exchange. on eToro, for example, you pay a 1% transaction fee every time you buy crypto (or sell it). On the Coinbase PayPal crypto exchange, the fees range from 0.05%-0.6% of trade cost. Most cryptocurrency exchanges that accept PayPal charge a similar fee, but you can shop around for the best one.

There are no PayPal fees to contend with on top of this. PayPal itself won’t charge you anything for transferring money out of the account.

How to deposit money onto a cryptocurrency exchange that accepts PayPal – a step-by-step guide

Here is a quick guide to making a deposit on a PayPal cryptocurrency exchange.

  1. Check your PayPal balance. Sign in with your PayPal account details to make sure there’s money in your PayPal app to start with.
  2. Log into your crypto exchange account. Create an account if you don’t have one yet, or just log in to get started.
  3. Go to the Bank section to make a deposit. Find the Bank or Account section in the menu bar.
  4. Enter how much you want to deposit. Decide how much you want to deposit. Remember to consider any fees you might need to pay on top.
  5. Confirm the deposit. When you’re ready to go, confirm the deposit and the money will show up in your PayPal crypto exchange account.

And that’s it! Now you’re ready to buy Bitcoin on your chosen exchange.

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Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.
James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.