Paypal Bitcoin Guide: How to Buy Bitcoin with PayPal Instantly

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The PayPal Bitcoin (BTC) initiative has been strong over the past few months. Ever since the payments group announced it would allow anyone to buy and hold Bitcoin, Ethereum (ETH), and other assets in its wallets, the prices of such currencies have gone way up.



This increase in interest is due to the platform changing how easy it is to buy Bitcoin.

Beforehand, potential investors new to the space would have had to sign up on an exchange, acquire a wallet, and figure out how all of that works. While it’s not the most difficult thing in the world to learn, it’s certainly not the easiest – especially for those who aren’t technologically minded.



However, if you’re one of those potential users who hasn’t invested and wants to learn how to buy BTC with PayPal, this guide has you covered.

But first, we’re going to answer a few common questions surrounding the PayPal Bitcoin rush.

Can I Use PayPal to Buy Bitcoin?

Absolutely! In fact, it’s one of the easiest ways to do so – especially if you already have a PayPal account handy.

Can I Withdraw Bitcoin From PayPal?

You cannot withdraw Bitcoin from PayPal at this time, though it is possible to make purchases with your assets, which are instantly converted to fiat at checkout. To put it bluntly, if you’ve been wondering “Can I transfer PayPal Bitcoin to my wallet,” you can’t.

How Does Bitcoin on PayPal Work?

Now it’s time to answer the top question: how does Bitcoin on PayPal work? Let’s break it down.

1. Log In to (or Create) Your PayPal Account

This part’s easy, especially if you already have a PayPal account. Simply log in and head to the “Crypto” section of PayPal’s dashboard. Otherwise, create an account with a relevant email address and password and go from there.

2. Select Bitcoin

Once you click on the Crypto section of PayPal, there will be a list of cryptocurrencies to choose from. Since we’re examining Bitcoin today, select that asset.

3. Click Buy

Now that you’re viewing Bitcoin, take a look at its price chart. The page will show you a price history of 24 hours, 1 week, 1 month, and more ranging all the way to its entire past.

Click buy, and the page will provide you with default $20, $50, $100, or $500 worth of Bitcoin. Otherwise, you can enter a custom amount. From there, you’ll choose a payment method. This is where having an existing account comes in handy.

If you’ve already had your PayPal account, simply choose an existing payment method and click “next.” You can also add a payment method via this page. If you want to buy BTC with PayPal, you can only do so with a debit card or bank account. PayPal does not accept credit cards for cryptocurrency transactions.

When your payment method is selected, you’ll see a review page with the exchange rate, the total price of your purchase, transaction fees, and more. If you’re liking what you see, simply click “Buy Now” and you’ll be set!

Once again, note that any cryptoassets you purchase via this PayPal Bitcoin process are ones you must hold on the platform. PayPal doesn’t allow you to withdraw assets to another cryptocurrency wallet, at least at this time of writing.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk. At Learn, our priority is to provide high quality information. We take our time to identify, research and create educative content that is useful to our readers. To maintain this standard and to continue creating awesome content, our partners might reward us with a commission for placements in our articles. However, these commissions don't affect our processes for creating unbiased, honest and helpful content.
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Max is a cryptocurrency journalist with an affinity for games and emerging technology. After leaving school to start a writing career, he wrote his first article on blockchain and fell down the rabbit hole. Since starting in 2017, Max has worked with multiple blockchain startups and crypto enthusiast spaces, doing his best to educate the world on the nascent technology.

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