Buy Cryptocurrencies Paypal 2022: How To Do It!

Mark Norgate
October 3, 2021
Buy Cryptocurrencies Paypal 2021 How To Do It!
How To buy Cryptocurrencies with PayPAl?

As one of the most popular online payment methods worldwide, PayPal has long been recognised as one of the fastest and safest ways to send and receive money and complete online transactions. This makes PayPal an attractive payment option, as transactions can be carried out in no time at all. While we’ve already covered how to buy stocks with PayPal, the question you are probably asking yourself is: Can you buy cryptocurrencies with PayPal?

Unfortunately, PayPal plays only on the exchanges a minor role, which is related to the warranty conditions of the company. As a result, some brokers do not use PayPal, although it is one of the most convenient payment methods. But even if it should initially appear that the payment method PayPal is unsuitable for buying crypto, you will find attractive brokers and platforms that allow exactly this on closer inspection.

Table of Contents

Buying Cryptocurrencies With PayPal: What Should You Watch Out For?

If you want to start trading with cryptocurrencies and want to pay with PayPal, you should pay attention to the following points:

  • Which broker or exchange is the best to buy cryptocurrencies with PayPal? We recommend our test winner broker ROinvesting. ROinvesting is one of the few brokers where it is possible to buy 16 cryptocurrencies with PayPal. In addition, ROinvesting is fully regulated and licensed and offers the lowest fees when buying that cryptocurrency with PayPal.
  • Do you want to hold or trade short-term cryptocurrencies? That depends on your strategy and the desired cryptocurrency. With long-term holding, you will usually achieve solid returns. With active trading, on the other hand, the return opportunities are higher, but also the risk.
  • Do I need a wallet for cryptocurrencies? Not with ROinvesting, as the official ROinvesting wallet is already integrated.
  • Is it worth investing in cryptocurrencies? Cryptocurrencies are becoming more and more popular, and investment could be worthwhile.
  • Buy cryptocurrencies: PayPal possible? This article answers the most crucial question and shows which brokers you can buy cryptos with PayPal from.

Where To Buy Cryptocurrencies With PayPal? Our Broker And Exchange Comparison:

Rating

Min. Deposit

Min. Spread

Assets

Views

Positive Reviews

Negative Reviews

Likes

4.9/5
250
0.07
  • Commodities
  • Forex 40 +
  • Metals
  • Stocks
  • Indices
  • Cryptocurrencies
85
2
4.5/5
250
0.07
  • Metals
  • Forex
  • Indices
  • Cryptocurrencies
  • Commodities
  • Stocks

 

254
82
3
58
4.9/5
250
0.07
  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

480
80
3
50
How to buy cryptocurrencies Our guide in five steps:

Buy Cryptocurrencies Paypal
The following step-by-step guide should help you how to easily and securely buy cryptocurrencies with PayPal.
We have also made a video in case you don’t want to read the article:

 Step 1: Choose A Cryptocurrency CFDs

This decision should be based on your preferences and trading ideas. If you are not interested in setting up wallets and may not even intend to get any real benefit from the tokens, you can get everything you need via providers like ROInvesting. In addition, ROInvesting also offers its wallet with which you can send, receive and exchange cryptos.

And the most important? ROInvesting offers the purchase of cryptocurrency with Paypal. Thus, ROInvesting is one of the few brokers that also offer PayPal as a payment option. We will explain later which brokers also offer PayPal.

In any case, a comparison of the different providers can help you to find the best offer. The choice of the right platform is very important, which should not be underestimated.

User-friendliness and usability may therefore have a direct impact on personal trading results. So if you give the necessary attention here, you will ultimately be able to capitalise on it. Therefore, we recommend our test winner ROinvesting, as it has the best conditions.

Step 2: The First Registration

The registration procedures on the crypto exchanges are similar in many ways. At first, you will probably only have to enter basic information in a form on the start page. These usually include your first and last name, your email address and your date of birth.

In some cases, you will already choose a user name and define a password. When assigning a password, it is essential to ensure that you choose a certain character string. Some platforms won’t allow you to have weak passwords in the first place.

After this first registration, you will often have to recheck your e-mail inbox to confirm your registration.

Even if you do not have to provide all information immediately, you can be prepared that you will have to provide further information to use a platform fully. This includes, for example, the personal address but also information on the work situation and income.

Step 3: The Verification Of  The Data

Payouts will probably only be possible once the data has been confirmed in a verification process (for example, with IDNow). For this, you should find the possibility of uploading various documents to your account.

To confirm your identity, you will have to copy your ID card or passport and upload it.

Furthermore, due to European guidelines, confirmation of the address will also be required. The best way to verify this is to use a personal consumer invoice.

Electricity, water and gas bills are particularly suitable for this. You only have to make sure you use a document with the current date on which the name can also be seen.

It is difficult to generalise how long such a confirmation process takes in the end. Both the procedures at a provider and the validity of the documents are essential here.

Even if you can already make a deposit and complete your first trades, the payout will probably only be possible after the verification. However, if you want to buy cryptocurrencies with PayPal and make deposits and withdrawals via PayPal, you cannot avoid verification. The provider protects itself here.

Step 4: The Deposit

Depending on the platform, you will find different deposit options. With crypto brokers, in particular, you should be able to use all kinds of methods that include credit cards and transfers and other service providers.

The great advantage of ROInvesting is the ability to use cryptocurrency with Paypal to buy. However, pure crypto exchanges often only allow deposits via cryptocurrencies. So for beginners and all those who want to pay quickly and securely with PayPal, ROinvesting is particularly suitable. But there are also other deposit and withdrawal options.

Here is an overview of all payment methods that are available at ROinvesting:

Payment optionPossible?
Buy cryptocurrencies with a credit card✔️
Buy cryptocurrencies with PayPal✔️
Buy cryptocurrencies with Skrill✔️
Buy cryptocurrencies with bank transfer✔️
Buy cryptocurrencies with Neteller✔️
Buy cryptocurrencies with UnionPay✔️

Step 5: Buy Cryptocurrencies: Paypal

Crypto brokers and exchanges are similar in this step. You will be able to choose from a selection of currency pairs and then view charts and statistics on the selected value.

The exact trading functions depend on the provider used, but usually, you will decide on a buy or sell order. Then, you either trade at the current market price or give the platform the order to buy or sell at the desired price.

If you agree, the cryptocurrency can be easily bought with PayPal. However, a certain similarity to changing money cannot be denied. So you will have to do without great trading functions here. In some cases, you will also define the desired price here, which you will only purchase when the price is reached.

We recommend buying cryptocurrencies from our test winner ROinvesting, as it is fully regulated and licensed in addition to the cheapest fees.

Buy IOTA, Ethereum, Litecoin, Ripple & Other Cryptocurrencies With PayPal

The above instructions for Bitcoin (BTC) are also suitable for other cryptocurrencies. You simply follow steps 1-3, and you can get to all imaginable cryptocurrencies in this way. The broker ROinvesting supports a wide variety of crypto assets, so that traders have a free choice about their assets.

Buy Cryptocurrencies Paypal

The popular cryptocurrencies IOTA and Ethereum can also be bought in South Africa with PayPal. You only have to know-how. Secured Brokers has set up two guides, especially for these top cryptos: Buy IOTA with PayPal Guide 2021  & Buy Ethereum with PayPal Guide 2021. In general, ROinvesting currently offers the following cryptocurrencies  :

  • Bitcoin
  • Ethereum
  • Bitcoin Cash
  • Dash
  • Ripple
  • Litecoin
  • Ethereum Classic
  • Cardano
  • IOTA
  • Stellar
  • EOS
  • NEO
  • TRON
  • ZCASH
  • Binance Coin
  • Tezos

Buy Cryptocurrencies: PayPal Is Also Possible with Altcoins?

Even if  Bitcoin is still the most popular cryptocurrency, numerous coins have great potential. Anyone interested in altcoins can find out more about the different coins on Secured Brokers:

If you are interested in certain coins, you can easily follow our guides on the crypto scene to buy cryptocurrencies with PayPal:

  • Buying Altcoins: General Guide
  • Buy Bitcoin (BTC)
  • Buy Bitcoin Cash (BCH)
  • Buy Binance Coin (BNB)
  • Buy Bitcoin Gold (BTG)
  • Buy Bitcoin SV (BSV)
  • Buy Cardano (ADA)
  • Buy Chainlink (LINK)
  • Buy Dash (DASH)
  • Buy Dogecoin (DOGE)
  • Buy EOS (EOS)
  • Buy Ethereum (ETH)
  • Buy Golem (GNT)
  • Buy Iota (MIOTA)
  • Buy Libra (libra)
  • Buy Litecoin (LTC)
  • Maker (MKR) buy
  • Buy Monero (XMR)
  • Buy Nem (XEM)
  • Buy Neo (NEO)
  • Buy OmiseGO (OMG)
  • Buy Platincoin (PLC)
  • Buy Polkadot (DOT)
  • Buy Quantum (QTUM)
  • Buy Ripple (XMR)
  • Buy Steem (STEEM)
  • Buy Stellar Lumens (XLM)
  • Buy Tether (USDT)
  • Buy Tezos (XTZ)
  • Buy Tron (TRX)
  • Buy Verge (XVG)
  • Buy Waves (DEX)
  • Buy Zcash (ZEC)
Buy Cryptocurrencies Paypal: Now Also Possible With Libertex!

We keep a constant eye on the cryptocurrency market. And so we did not miss the fact that there is now another recommendable provider with EU regulation who also accepts PayPal as a payment method. So in the following example, we show how you can buy Uniswap with PayPal, for example.

First step: Register With Libertex

Before you can buy cryptocurrencies with Paypal on Libertex, you first need an account. Registering with Libertex is pretty self-explanatory and should be completed in a few minutes. However, it should be noted that all information must be verified afterwards. Otherwise, you cannot pay out via PayPal.

The usual suspicious details such as name, address, telephone number and also e-mail are given. Fill in the information and then choose a password. Then quickly confirm the terms and conditions, and you have already survived the registration.

Second Step: Buy Cryptocurrencies With PayPal

Of course, you first need credit in your account for an investment. This can be charged in different ways. This is particularly easy on Libertex via PayPal.

But you can also bring money to the platform with Skrill, Neteller or other payment methods.

Payment optionPossible?
Buy cryptocurrencies with a credit card✔️
Buy cryptocurrencies with PayPal✔️
Buying cryptocurrencies with Skrill✔️
Buy cryptocurrencies with bank transfer✔️
Buy cryptocurrencies with Neteller✔️
Buy cryptocurrencies with other payment methods✔️

Third Step: Buy Cryptocurrencies Securely With PayPal

Now we can buy cryptocurrencies. At Libertex, crypto trading works with the help of so-called CFDs. The desired cryptocurrency is offered as a currency pair with the US dollar. Therefore, it is essential to note that you are not speculating on the value for yourself but only on price developments.

This has the advantage that you don’t need your wallet. However, an increased risk is also to be expected.

First, you look for the desired cryptocurrency. In our case, it would be  Uniswap.

This will take you to the overview page for the cryptocurrency. Now click on the “Open Trade” button in your account. At the same time, a new window opens in which you can complete the trade.

As an investor, you were given various investment options.

  1. Trade amount: how many coins you want to buy.
  2. Profit and Loss Limit: At what loss or profit the position should be automatically sold.
  3. Multiplier: With what leverage do you want to buy cryptocurrencies? Warning: This can quickly lead to an enormous increase in risk.
  4. Buy: After you have set everything as desired, you can now click on ‘Buy’.

Buy Cryptocurrencies: Paypal Fees Comparison

Let’s take the following example to compare the fees when buying Bitcoin. All of those brokers also offer the purchase of cryptocurrencies with PayPal:

  • We purchase Bitcoin for € 1,000
  • We keep our Bitcoin for 30 days and then sell it again
  • We assume that the course will not change in the next 30 days.

The following fees are composed at ROinvesting, Coinbase, Libertex and Plus500 :

providersROinvestingCoinbasePlus500Libertex
DepositFree3.99%for freefor free
Purchase feesFree1.49%3.08% *0.41%
Holding feesFreefor free0.05% *for free
Sales chargesSpreads1.49%3.08% *0.41%
Total feesReasonable€ 68.24€ 92.32€ 8.20

Trade Crypto CFDs Or Buy Real Coins With PayPal?

Buy Cryptocurrencies Paypal

CFD Trading

  • Fee advantage when trading
  • Regulated by the state and subject to deposit insurance: You are protected against hacks and attacks.
  • No complicated wallet setup required
  • Trading with leverage
  • No “real” cryptocurrencies
  • Fee disadvantage for long-term investors
  • Risky investment: The obligation to make additional contributions (obligation to make additional contributions) exists in the case of leveraged (leverage) trading

“Real” Crypto Trading

  • Owning real cryptocurrencies that you can manage yourself
  • Steep learning curve
  • If you want to hold cryptocurrencies for the long term, you have an advantage in terms of fees.
  • Vulnerable to hacks and cyber attacks
  • You are responsible for managing the wallet keys – if the passwords are lost, the cryptocurrencies cannot be recovered.
  • A wallet (paper or hardware) is required for really secure storage.

As we have already reported in our detailed article about buying cryptocurrencies, there are both advantages and disadvantages to CFD trading or “real” crypto trading. With CFD trading, you have a fee advantage, are regulated by the state and are protected from hackers. In addition, the setup is unproblematic, and you don’t need your wallet.

Should you decide to buy real coins, you have real bitcoins, which you also have to manage yourself. Buying real coins often involves a steep learning curve. However, you are more susceptible to hacker attacks and the loss of the password for your wallet.

Ultimately, it is up to the investor whether he wants to trade CFDs or real coins. However, if you have decided on our test winner ROinvesting, you can take advantage of real and CFD trading. However, buying Bitcoin CFDs with PayPal is more intended for experienced investors, as you should first get to grips with the basics of CFDs.

Buy Cryptocurrencies With PayPal From South Africa

If you want to buy cryptocurrencies from South Africa with PayPal, you can also use the proven CFD broker ROinvesting. Then, follow the steps from our guide. Buying coins directly and getting them into your wallet does not work, however.

If you choose ROinvesting, you don’t even need your wallet. Because this is already integrated there, you can buy cryptocurrencies with PayPal, but these are only used for trading. CFD transactions can then be carried out with the cryptocurrency via the ROinvesting platform.

Buy Cryptocurrencies In Switzerland With PayPal

You can also buy cryptocurrencies in Switzerland with PayPal. The nice thing is that you can also use our instructions above. After all, our test winner ROinvesting is also available in the country of the Swiss.

However, traders should keep in mind that Switzerland’s guidelines and tax laws apply. If there are any doubts about the correct form of entry in the tax return, it is best to contact a personal tax advisor.

In this respect, it is recommended that every investor who wants to buy cryptocurrencies in Switzerland with PayPal follow our link to ROInvesting to register there. Verification of the personal information will also have to be completed here.

Buy Cryptocurrencies In Austria With PayPal

We don’t want to forget the third Alpine country in the league. So it will be gratifying for our readers from Austria that you can also buy cryptocurrencies with PayPal in Austria. Once again, we can refer to ROinvesting, which is active throughout Europe and, thanks to its Cypriot regulation, fully complies with the guidelines and laws of the international community.

In Austria, too, you can choose between the exciting but risky CFD papers for cryptocurrency investment and the real token. ROinvesting offers suitable options for both types of investment.

Buy Cryptocurrencies Anonymously With PayPal – Is That Possible?

No. Unfortunately, no known cryptocurrency exchange allows you to buy cryptocurrencies with PayPal. However, there is a solution to the problem: ROinvesting offers cryptocurrency CFDs and physical coins for sale. To trade cryptocurrencies or cryptocurrencies CFDs, you have to set up an account with a broker or CFD broker.

This is almost always a verification of your account information required. You also have to provide your details when you set up an account with PayPal. Therefore, a completely anonymous purchase of cryptocurrencies with PayPal is unfortunately not possible.

Buy Cryptocurrencies PayPal Without Registration

If you can’t act completely anonymously, you should be able to buy cryptocurrencies with PayPal but without registration, right? Unfortunately, it is still in the stars whether this path will ever be accessible.

Paypal itself has opened its gates for cryptocurrencies and Co., but customers in South Africa have not yet found any direct purchase option in their Paypal account. In any case, you would have to register at least with PayPal to get access to the cryptocurrency.

And so, for better or worse, the topic of “Buying crypto currencies with PayPal without registration” must be rejected. Instead, take on the registration and benefit from increased security, which is immense in the cryptocurrency industry.

Buy Cryptocurrencies With PayPal Without Verification

In modern finance, verification is always associated with a certain amount of effort. At the same time, however, this also ensures increased security for everyone involved. According to official guidelines, providers are even obliged to verify their customers’ data.

So if you want to buy cryptocurrencies with PayPal but without verification, you are on thin ice. Only shady providers from overseas allow crypto trading without verification at all. In most cases, however, the payment giant PayPal keeps its distance from such offers.

Selling Cryptocurrencies – Is PayPal Also Possible In South Africa?

If you have registered with a CFD broker of your choice and have a customer account there, you can also sell cryptocurrencies with PayPal. In other words, you are already in possession of cryptocurrencies. If you have registered with ROInvesting, this is very easy. So if you do a physical cryptocurrency, you have to first install it in the send free ROinvesting Wallet.

The ROInvesting wallet can be easily downloaded. After sending the desired cryptocurrency to the wallet, you can transfer it to the trading account. There you can also sell cryptocurrencies without any problems.

If you want to have cryptocurrencies paid out, the amount can be converted into the corresponding currency. Then you can have the amount paid out to your PayPal account.

Buy Cryptocurrencies Paypal

 

Cryptocurrency Wallet PayPal – Do You Need Your Wallet?

If you decide to buy cryptocurrencies with PayPal via ROinvesting, you don’t need an additional wallet. Because ROinvesting already offers its wallet for cryptocurrencies. Our test winner is not only a broker but also your software wallet at the same time.

This means that you do not need any additional hardware that would otherwise be necessary when buying cryptocurrencies. Furthermore, thanks to the wallet, cryptocurrencies remain protected and secured with ROInvesting.

If you buy cryptocurrencies with Paypal using CFD trading via Libertex, you don’t need a wallet either. Libertex relies on the course of cryptocurrencies, so you don’t need your wallet.

However, if you buy real coins, you can also buy a hardware wallet, for example.

Buy Cryptocurrencies With PayPal In The App

If you want to trade cryptocurrencies on the go and buy cryptocurrencies with PayPal, you should make sure that the broker supports both. For example, ROInvesting offers its customers an in-house app to buy and sell cryptocurrencies with PayPal from anywhere.

Two different applications can be used for crypto trading on the one hand and as a wallet. Both apps can be downloaded free of charge from the respective stores. Moreover, you can log into both apps with just one account.

However, cryptocurrencies can only be bought with PayPal via the trading app. You can then comfortably stow the coins you have purchased in the mobile wallet.

Buying Cryptocurrencies With PayPal: Our Conclusion

If you want to buy real coins with PayPal, you have to take a closer look. Most online platforms for trading and trading in cryptocurrencies do not even accept payment experts.

PayPal has deliberately withdrawn from further activities in the crypto market, as the company’s famous buyer protection cannot work.

This is mainly due to the anonymised transaction properties in the networks. However, if you follow the instructions in this guide, you can still trade cryptocurrencies via PayPal. If you want to trade Bitcoin specifically, you can read our guide to buying Bitcoin with PayPal. For all those coins that are not available on ROInvesting, we recommend the CFD broker  Libertex, which recently introduced PayPal as a payment method. Here you will mainly find new cryptocurrencies and  Defi projects.

The editorial team’s recommendation is ROinvesting. So you can benefit from performance with CFDs and real cryptocurrencies and look forward to a fully regulated platform.

4.9
4.9/5

Our recommendation: Trading at Investby

Our recommendation: Trading at Investby

  • The broker provides an Islamic Account
  • It provides a dedicated account manager
  • Receive customised investment news
  • Trade with a variety of assets
  • There’s no deposit limit
ABinvesting Review
4.5
4.5/5

Our recommendation: Trading at ABInvesting

  • Acknowledge the financial markets through education material 
  • Free VPS is available 
  • Get a swap discount of 50 per cent 
  • Islamic Account is available to traders 
  • Select account types of your interest
4.9
4.9/5

Our recommendation: Trading at PrimeFin

  • Fifth decimal available 
  • Spreads begin from 0.03 pips
  • Commission is zero  
  • Full 10-hour support  
  • News alerts and VPS for traders

FAQs

In the overview above you can find the most varied of options to buy cryptocurrencies with PayPal. A CFD broker proves to be the test winner for Secured Brokers. It is versatile, allows regular trading and easy registration. In addition, it is an offer that is licensed in the EU.

The payment service provider PayPal is precisely characterized by the fact that it enables direct transactions.

You don’t have to expect long waiting times in this context. If you want to initiate payouts, however, the respective broker may set its own processing time in order to be able to check the request.

PayPal is initially not associated with any costs for the normal user. Registration is free, and there is no money to keep the account. Only when receiving money do you have to expect that fees will be deducted. However, sometimes the brokers charge additional fees.

More detailed information on this can be obtained directly from the company. However, it should also be noted that some platforms require extra costs if you choose certain payment methods. This should be clarified in advance.

Those who particularly want to use electronic purses, so-called e-wallets, will find direct competitors to PayPal in Skrill and Neteller. However, these services are usually much more expensive to use. You can of course also use credit cards, transfers or other service providers such as Sofortüberweisung and Giropay.

If you want to use the Paysafecard to buy cryptocurrencies, you have to take a closer look. This payment method is not widely used in crypto trading.

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