How to buy XRP with PayPal in 2023

This introductory guide explains how to buy XRP with PayPal. Follow our simple three step guide to make your first purchase.
Updated: May 25, 2023

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Firstly, the most important question to answer is: can I buy XRP with PayPal?

No, PayPal doesn’t allow you to purchase cryptocurrency. However, you can use PayPal to fund a trading account and buy XRP that way.

You just need a crypto exchange that accepts PayPal deposits. And we’re here to help.

How to buy XRP with PayPal – a step-by-step guide

It takes about 15 minutes to buy XRP with PayPal. Have a copy of your photo ID to hand and follow this guide to get started.

Step 1. Sign up with eToro

We recommend eToro as the best platform to use to buy XRP with PayPal.

Min. Deposit
$ 10
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Up to $240 bonus!
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Trade on the world’s leading social trading and investing platform
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Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:

77% of retail CFD accounts lose money.

Step 2. Create an account

You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.

Step 3. Make a deposit via PayPal

Enter how much you want to deposit and select PayPal as your payment method from the list of options.

Step 4. Use the search box to find XRP

Use the search box on the home page to search for XRP and the currency you want to pay in (such as GBP).

Step 5. Make your purchase

Enter how much XRP you want to buy, check the details and process the transaction. Once the payment goes through, your new XRP will show up in your exchange account.

Top XRP platforms that accept PayPal

1. eToro. Best for beginners, copy-trading & demo-account


No. assets


Minimum deposit


Platform type

Pros & Cons

Popular ‘Copytrader’ function so users can follow top traders Mobile platform has great functionality Minimum first time deposit of $200 Expedient customer service, with live chat support provided Over 2,000 CFDs available to trade
Does not provide the MetaTrader platform High spreads on some assets Comparatively high fees for withdrawals and account inactivity


We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

77% of retail CFD accounts lose money.

2. Bitstamp. Best for professionals & trading with APIs


No. assets


Minimum deposit


Platform type

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether


We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Quick answers to key questions

Can I buy crypto with PayPal?

Yes, you aren’t limited to buying XRP alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support PayPal as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is PayPal safe?

Yes, it’s completely safe to use PayPal. The only risk to look out for is to make sure you sign up to a regulated PayPal XRP broker when buying XRP. Using an unregulated broker platform can put your money at risk.

How much does it cost to buy XRP via PayPal?

It varies between platforms; some crypto exchanges offer completely free trading, others charge a percentage of the trade value as a fee. At most the commission is likely to be 1-2%.

Even for free brokers, there might be a ‘hidden’ charge in the difference between the buy and sell price for XRP (known as a spread). The larger this gap, the more of a cut the broker is taking. 

Some other platforms may charge deposit or withdrawal fees as well.

Can I store XRP in my PayPal account?

No, you can’t keep XRP on PayPal. You can either leave your coins in a trading account or move them to a dedicated XRP wallet. 

PayPal can be used as a crypto wallet for four cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin – but XRP (Ripple) isn’t one of them yet.

Why don’t more crypto platforms support PayPal?

The PayPal app can be an expensive method for merchants to use and so many platforms have turned to competitors who charge less per transaction. The likes of Skrill, Neteller, and Payoneer have become popular alternatives in the US and Europe.

Should I buy XRP using PayPal?

PayPal is a great way to buy XRP if you can find a broker that accepts it. It’s easy to set up an account with an email address and you can transfer money around easily without worrying too much about fees. 

However, not all your favourite crypto brokers accept PayPal deposits. If they do, there’s often a higher charge for depositing from PayPal compared to other payment methods.

Here is a quick summary of the pros and cons of using PayPal to buy XRP (Ripple).


  • Easy to keep track of your money all in one place
  • Only need an email address and phone number to create a PayPal account
  • XRP may be one of the next cryptocurrencies to be added to the PayPal exchange


Is there an alternative to buying cryptocurrency with PayPal?

There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your XRP purchase.


Can I buy XRP with PayPal on Coinbase?
Can I buy XRP with PayPal on Cash App?
How do I fund my crypto account with PayPal?
Can I buy XRP with PayPal instantly?
Can I buy XRP with PayPal anonymously?
Are there low fees when using PayPal to buy XRP?
Can I buy other cryptos using PayPal?
Is PayPal the easiest way to buy XRP?
Is buying XRP with PayPal recommended for beginners?
Is buying XRP with PayPal a more viable strategy if you plan to buy and hold?

Sources & references
Risk disclaimer
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.