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6 Best PayPal Crypto Exchanges in 2024

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By Rebecca Campbell - Updated 14 May 2024
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As one of the most widely used electronic wallet services, PayPal offers speed and ease for everyday transactions, and this extends to crypto assets. PayPal crypto exchanges allow users to deposit funds into their accounts using an easy and instant payment method.

This is especially useful for users in countries that do not allow banks to process crypto-affiliated payments. If you are looking for legitimate crypto exchanges that accept an alternative payment method, you’re in the right place.

Our PayPal crypto exchanges guide compares the best exchanges that accept the most used electronic wallet as a deposit/withdrawal option.

PayPal Cryptocurrency Exchanges - Our Top Pick

Looking for a quick answer? Here’s our top PayPal cryptocurrency exchange:

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
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Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% 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.

Best PayPal Crypto Exchanges in 2024

1. Plus500  – Overall Best PayPal Cryptocurrency Exchange

2. Binance – Best PayPal Crypto Exchange With Largest Altcoin Selection

3. Skilling – Best PayPal Crypto Exchange With Leverage Facilities

4. OKX – Best PayPal Crypto Exchange for Web3 Features

5. Coinbase – Best PayPal Crypto Exchange for Beginners

6. Capital.com – Best for Crypto CFDs

7. Coinmama – Best Exchange That Accepts PayPal for Payment Flexibility

PayPal Cryptocurrency Exchange Comparison

Exchange

Fees

No. of Cryptos

Regulations

Plus500

Dynamic

63+

FCA, FRN, CySEC, ASIC,

FMA, FSCA and MAS

Binance

0.10%

600+

AMF

Skilling

Dynamic

55+

CySEC

OKX

0.1%

343+

VARA

Coinbase

1%

193+

FCA

Capital.com

Dynamic

400+

FCA, CySEC, ASIC

Coinmama

Dynamic

18+

FinCEN

Our Top 7 Cryptocurrency Exchanges That Accept PayPal Reviewed

2. Binance – Best PayPal Crypto Exchange with Largest Altcoin Selection

Binance is a crypto exchange behemoth that leads the crypto market and industry in trade volume, user base, and crypto products offered. It also offers one of the widest payment method options available for crypto transactions.

We love Binance because it has a massive altcoin collection. The exchange’s collection includes over 600 coins and is only trumped by one other Binance alternative that does not process nearly as much of the volume of the crypto assets as Binance does.

Binance complements its coin collection with ultra-low fees, charging a cut-rate 0.10% for spot transactions, one of the lowest in the crypto sales industry.

While PayPal can be used as a deposit method on Binance, it is not an official one. We had to use the exchange’s peer-to-peer (p2p) market, where buyers and sellers around the world can swap coins directly with one another on the crypto market.

A verified PayPal account is accepted as a payment method on the P2P market. We were able to exchange crypto and effectively buy Bitcoin with PayPal with other users using the electronic wallet and the Paypal balance, while Binance stood as a middleman providing escrow services to ensure both parties acted honestly during PayPal purchases.

We advise that you stick to the rules when trading on the p2p market to avoid losing your funds or being scammed of your digital currency as a huge part of the transaction is dependent on the counterparty being honest.

The p2p market supports over 61 fiat currencies and is free to use. The only fees you might encounter will be transfer fees from your PayPal funds account to your trading partner.

Read our full Binance review.

Binance Pros

  • Wide selection of 600+ coins

  • Low spot market fees at 0.1%

  • 24/7 chat support. Email support for more serious issues

  • Robust platform for staking, earning, and saving

  • Has a mobile app

Binance Cons

  • Has faced regulatory hurdles in various countries

  • Withdrawal fees may be higher than necessary for some cryptos

Binance Features

  • 600+ altcoins

  • Large p2p marketplace with over 20+ alternative funding methods

  • Margin trading facilities

  • Saving and swapping services

  • Variable minimum deposit

Start Trading

3. Skilling – Best PayPal Crypto Exchange with Leverage Facilities

Skilling is a broker exchange that focuses on trading. It makes taking advantage of a cryptocurrency’s price action easy for investors without buying Bitcoin and the assets themselves.

The exchange also offers other securities like currency pairs, commodities, stocks, and indices, making it a one-stop shop for traders.

We liked Skilling’s transparent fees when communicating their leverage and margin requirements. The broker offers a 50:1 leverage ratio for cryptocurrencies with a 2% margin requirement.

Essentially, this means that you can trade 50x more than your account balance, provided you maintain at least 2% of the value of the leverage. For example, if you deposit $50 into your account, you can trade up to $250, provided your account balance never falls below $5.

This crypto exchange offers access to over 55 cryptos, with an affordable trading fee of 0.2% per trade. Depositing and withdrawing funds using the PayPal app will depend on the regulatory framework governing the broker.

Skilling is licensed and regulated by the Cyprus Securities Exchange Commission (CySEC).

For Skilling Ltd, PayPal app deposits are free and instant but limited to a EUR 100 minimum, while withdrawals take up to 1 business day.

Read our full Skilling review.

Skilling Pros

  • Cheap Bitcoin spreads among CFD brokers

  • Highly secure and well-regulated

  • 1:50 leverage facility

  • Free deposits and withdrawals for all PayPal payments

Skilling Cons

  • Minimum deposit higher than others

Skilling Features

  • Multi-asset platform

  • Flexible deposit methods

  • Clean user interface

  • Dedicated customer service

Start Trading 71% of retail CFD accounts lose money.

4. OKX – Best PayPal Crypto Exchange With Web3 Features

OKX has grown beyond a crypto exchange to a full-fledged service that offers enthusiasts a web3 experience in both finance and entertainment. A toggle at the top left corner of the homepage transforms the exchange into a web3 gateway.

We love how holistic OKX’s services are. The services are arranged in such a way that they almost seem to follow a progression for what to do with your crypto. The first feature is the Buy feature where you can buy crypto directly using a method of payment you are comfortable with, such as to buy Bitcoin or Bitcoin Cash with your PayPal accounts balance.

Right next to the Buy service is the Discover section where you can find various market opportunities. The Trade and Grow services come after and allow you to trade cryptos and stake them for returns, respectively.

OKX charges a trading fee between 0.085% and 0.100% at most. However, if you hold more than 500 units of the exchange’s OKB token, you get a lower rate. The more tokens you hold, the lower fees you’re charged until a floor of 0.06% – 0.08%.

To buy Bitcoin with PayPal, you’ll need to use the p2p market as the exchange does not support direct cash deposits but does accept PayPal as a payment option. You may be able to use PayPal to buy crypto directly using the Buy service, but that depends on your geographical region.

To the best of our knowledge, the p2p market is the most surefire way to buy cryptocurrencies with PayPal on the crypto market.

Read our OKX review here.

OKX Pros

  • Supports multiple currencies

  • Easy signup and verification

  • Deposit support for up to 30 currencies

  • Access to a range of crypto services like DeFi, NFTs, and games

  • Robust derivative market

  • Dedicated customer support

OKX Cons

  • Limited deposit and withdrawal options

OKX Features

  • Third-party payment integration

  • Offers over 300 cryptocurrencies

  • Web3 games and NFT integrations

  • Staking functionality

Start Trading

5. Coinbase – Best PayPal Crypto Exchange for Beginners

Coinbase is a US-based exchange that brings crypto closer to people by making it easier to buy Bitcoin and other tokens. The exchange also emphasizes being compliant with the legal framework in the United States so users can buy crypto assets and sell cryptocurrencies directly without worrying about legal disruptions. But, does Coinbase accept PayPal?

We like that the platform has a modest collection of 193+ cryptos, enough for beginners to enjoy options, without having to manage a massive collection like some Coinbase alternatives. You can trade these coins with trade sizes as low as $2.

In keeping with the ethos of simplifying crypto transactions and payment options, Coinbase supports several traditional payment methods, including PayPal accounts. However, some rules guide its use.

The PayPal option is available only to people in Canada, the UK, the US, and Europe. You can either buy Bitcoin and other crypto directly with other PayPal users, sell cryptocurrencies directly, deposit cash into your PayPal balance account, or withdraw cash from your account.

If you live in the US, you can buy crypto, add cash to your account, and withdraw cash using PayPal for free. If you live in Canada, you can only sell crypto, i.e., the proceeds are sent directly to your PayPal account.

European and UK residents can only withdraw cash from their Coinbase accounts and into their bank accounts using the PayPal platform. All PayPal transactions are instant aside from UK residents who must wait 1 business day.

Coinbase charges a 1% conversion fee for direct conversions from either fiat to crypto or crypto to crypto and between 0.05% – 0.60% for spot trading.

Read our full Coinbase review here.

Coinbase Pros

  • Easy to use

  • Market leaders in the US

  • Intuitive platform perfect for beginners

  • Small trade sizes

  • Low transaction fees

  • Has a mobile app

Coinbase Cons

  • Fees are not as low as some competitors in the US

  • Not suitable for users in remote regions without access to PayPal

Coinbase Features

  • Crypto-backed debit card

  • Staking functionality

  • Lending facilities

  • Vault storage

  • NFT integration

Start Trading

6. Capital.com – Best for Crypto CFDs

Capital.com is a global broker that offers various financial securities, including stocks, currency pairs, commodities, and cryptocurrency. It is ideal for trading purists who wish to benefit from trading cryptos without having to own them.

We like Capital.com because of the effort the company has put towards providing a safe crypto exchange that is a reliable, cheap, and compliant platform for its users with robust security measures. It is regulated by three major agencies, including the FCA, CySEC, and ASIC – the ASIC is known to adopt high regulatory standards.

We also like that the crypto broker offers several options through its 456+ cryptocurrency contracts. These contracts allow you to trade the cryptos but not own them, which is great if you are a day trader looking for the best cheap crypto to buy now .

Unlike the other exchanges on this list, Capital.com trades cryptocurrencies in standardized volumes called lots. There are three major lots you can trade which include a standard lot which is 100,000 units of a quote currency, a mini lot which is 10,000 units, and a micro lot which is 1,000 units.

For example, if you trade a BTC-USD pair, the quoted currency is USD. So, a standard lot would be 100,000 units of USD. The same applies to other lot sizes.

Capital.com charges variable spreads on its crypto contracts. However, at the time of writing, the spread on Bitcoin was 66 pips, i.e., $660 per lot, $66 per mini lot, and $6.6 per micro lot.

You can deposit funds into your account using your preferred payment method, PayPal if your jurisdiction falls under Capital.com’s ASIC and CySEC-regulated entities.

These countries include Australia, Austria, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Italy, Lithuania, Luxembourg, Latvia, the Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, and Slovakia.

PayPal deposits are usually free but are subject to a $20 minimum.

Capital.com Pros

  • Well regulated

  • Low minimum deposit

  • Wide crypto contract list

  • No deposit or withdrawal fees on the broker side

Capital.com Cons

  • Not available to US clients

  • PayPal is not available for all regions

  • Crypto CFDs are not available to UK residents

Capital.com Features

  • Multi-asset support

  • Commission-free trading

  • Multi-platform trading

  • Standard trading terminal

7. Coinmama – Best Exchange That Accepts PayPal for Payment Flexibility

Coinmama is an exchange that breaks geographical boundaries to buying crypto by allowing anyone from anywhere to buy crypto using supported payment methods and currencies.

We like Coinmama because it allows us to buy crypto using up to 10 payment methods, including PayPal. The best part was that it didn’t matter what country we resided in or what the local currency in our bank account was, provided we legally operated a PayPal account in one of its supported currencies.

The exchange offers 18+ coins, mostly popular ones like Bitcoin, ETHCardanoRippleChainlink, and the like. Deposits are near instant but are subject to a minimum of $30 and cost 2.50%.

You can purchase cryptos like Bitcoin with USD and EUR using PayPal. Unfortunately, you cannot sell with the same method.

Coinmama is regulated as a Money Service Business under FinCEN.

Read our comprehensive Coinmama review here.

Coinmama Pros

  • Simple and easy-to-use

  • Straight-forward sign-up process

  • Works in most countries

  • Flexible payment methods

  • $30 minimum deposit

  • Free deposits with certain payment methods

Coinmama Cons

  • Higher fees than other exchanges

  • Limited crypto support

Coinmama Features

  • Robust payment integration

  • No geographical restrictions

Key Things to Consider When Choosing a PayPal Crypto Exchange

Security

Security is the most important factor to consider when choosing a crypto exchange because exchanges with inadequate security measures eventually get hacked. We’ve seen this happen several times in the crypto industry and it almost always leads to losses for users.

There are security standards for financial technology businesses. One such recognized one is the ISO certification. Ensure that the exchange you choose always has the latest certifications as security standards are constantly being updated for a secure trading experience.

Also, look out for two-factor authentication (2FA) and additional robust security measures. This is a last line of defense on the off chance that a bad actor gains access to your password. Stick with exchanges that have 2FA compatible with either your phone number or a third-party authenticator app like Google Authenticator.

Storage Options

The storage option here is the infrastructure the exchange uses to store customers’ cryptos. The most secure form of storage is a hardware wallet, synonymous with cold storage. The most secure exchanges all use cold wallet storage for the majority of their clients’ cryptos

This keeps funds away from the internet, making them difficult to steal. Crypto exchanges use both cold and hot wallets to store and make funds available, respectively. If you want to make a sizable withdrawal, you’ll have to wait for funds to be withdrawn from cold wallet storage

The payment methods available on an exchange affect the overall user experience. Always check whether the payment methods offered are comfortable for you, such as buying Bitcoin with American Express. Also, note that more payment methods, such as buying Bitcoin with Zelle, involve more security considerations.

In this case, ensure that the exchange accepts PayPal, ideally for deposits and withdrawals for your crypto wallet or direct buys and sells.

User Friendliness and Accessibility

While user-friendliness varies with platforms, the ideal exchange should be easy to navigate, even for beginners. This is especially true for most crypto exchanges that offer a suite of services that may require users to transfer crypto between their crypto wallet within one account.

The user interface should be plain enough to understand where everything is and navigate and should have a mobile version. Mobile apps are quite essential these days as you may need to react to market moves while on the go and sell crypto.

Asset Selection

Coin collections differ with cryptocurrency app platforms. Global exchanges usually offer more cryptos than regional ones. Aside from the desire for options, you may not need to use an exchange that offers the most coins, especially if other factors don’t line up.

Provided your choice exchange offers the major coins and some potential cryptocurrencies to invest in, you’ll be fine. Also, exchanges are constantly adding to their selection, so your options are always increasing.

However, to avoid having to move between various exchanges to get your favorite coins, you may want to balance coin selection with other factors for the best mix.

Fees

It costs more to buy cryptocurrency on some exchanges than others, and if you are a frequent trader, a quarter percentage point more could add up to significant fees.

Furthermore, some exchanges charge fees for other financial activities like deposits and withdrawals. Some charge inactivity fees, like eToro. Exchanges usually list their fees in a Fee Schedule and link to it at the website’s footer. If you can’t find it, check the FAQ or support section. Be aware of all fees associated with using an exchange.

Also, check for fee discount programs. Crypto exchanges with low fees sometimes offer discounts to users who meet certain criteria. For example, Binance reduces your trading fees when you hold its native coin, BNB.

KYC Requirements

Security-conscious exchanges implement KYC and AML rules, in line with regulations. This includes requiring users to submit a government-issued ID and a proof of address document like a utility bill. Be wary of platforms that do not implement KYC.

What Fees are Involved in PayPal Crypto Exchanges?

The fees charged when using PayPal depend on the exchange used. For example, Binance will not charge you for using PayPal on its p2p marketplace, but crypto brokers like Skilling may charge a percentage for deposits or withdrawals.

Also, the PayPal fee may charge transaction fees depending on the way the transaction is structured. For example, when using Binance’s p2p marketplace, we sent funds to counterparties using the family and friends option which doesn’t always charge transaction fees.

However, if the transaction is an official one, from the exchange itself, it will be charged as a business, in which case you won’t pay fees (the business does).

Also, the country where the PayPal account is created plays a factor. Sending money from a PayPal account hosted in one country to one hosted in another attracts fees, even when the currency is the same.

How to Deposit Money Using PayPal - Step-by-Step Tutorial

1. Open an Account

Go to the platform’s website and open an account. Alternatively, you can download the mobile app from the Play Store/App Store and click on Sign up. Fill out the form with your full name, email address, and password.

2. Verify Your Account

Next, verify your account with personal details like your date of birth and a passport photo, after which submit KYC documents. These documents include proof of ID (National ID or driver’s licence) and proof of residence (utility bill).

3. Make a Deposit

Once your account has been verified, click on Deposit funds on the left pane of the page. The deposit options available will be displayed. Choose PayPal from the drop-down menu and set the amount you’d like to deposit.

4. Buy Cryptocurrency

Once your account is funded, search for any crypto in the Discover tab. An interface like the one below should load. You can then set your parameters and buy.

Latest PayPal Crypto Exchanges News

  • OKX is launching a signal trading platform to empower traders with high-quality signals and execution.

  • Binance has suspended transfers of several multichain-bridged tokens.

Final Thoughts on the Best Crypto Exchanges That Accept PayPal

We explored the best exchanges that support PayPal as a funding method and chose Plus500 as our best overall PayPal cryptocurrency exchange because of its low fees, copy trading platform and thematic investing features, large user base, and ease of use.

However, any of the exchanges on this list are great options, you just have to find the one that best meets all your needs.

To learn more about how to buy cryptocurrency using Plus500, check out our How to Buy Ethereum page.

Methodology - How We Picked the Best PayPal Crypto Exchanges

The platforms covered in this guide were chosen through rigorous testing, research, and reviews. We paid attention to security, transparency, reputation, trading fees, deposit and withdrawal methods, coin selection, and competitive edge.

The platforms listed are the best we found in the various categories we listed them. For example, we found that Binance had the largest altcoin selection and hence named it the best PayPal cryptocurrency exchange with a robust altcoin collection.

Check out our why trust us and how we test pages for more information on our testing process.

Frequently Asked Questions

What is the best PayPal cryptocurrency exchange?
Plus500 is our pick for the best PayPal cryptocurrency exchange because it doesn’t charge users for deposits when using PayPal.
Does PayPal have a cryptocurrency exchange?
No, PayPal is an electronic wallet and payment platform that has some crypto functionalities. You can buy and sell cryptos on PayPal, but it is still not a crypto exchange like services like Coinbase or Binance.
Does Coinbase accept PayPal?
Yes. Users in the US, UK, Europe, and Canada can use PayPal with Coinbase, however, only US users can buy crypto and add cash to their accounts. Users from other countries can only sell and withdraw cash using PayPal.
Does PayPal charge any fees to use it to buy Crypto?
Fees charged depend on the exchange. For example, eToro does not charge deposit fees, but others might. Always check your exchange’s fee schedule to know what fees are levied.
What is the quickest way to buy Crypto with PayPal?
The quickest way depends on the exchange you use. For example, using Binance is not one of the quickest methods as you’ll have to buy crypto on the p2p marketplace. This involves waiting for counter-parties to send cryptos after you’ve paid for them.Alternatively, buying directly on an exchange like eToro is much faster as you get crypto immediately after your payment is confirmed.
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Open Account 82% of retail CFD accounts lose money.