Cryptocurrency was challenging to acquire for many a few years ago, but we’ve seen new companies step into the space including PayPal. If you’re wondering how to buy Bitcoin with PayPal, it couldn’t be easier. As long as you have an account set up, our guide will show you how to purchase BTC on PayPal using 6 steps.
How to Buy Bitcoin with PayPal through the Web
You can buy Bitcoin and a few other tokens through PayPal using a web browser or the app. If you don’t have access to a smartphone or tablet, follow the steps below.
1. Login at PayPal
Open a web browser and go to PayPal. Click on Log In, and enter your account information in the fields when prompted.
2. Access Crypto
When you are logged in at PayPal, you need to locate the Crypto section on the site. Look for the Send and Request buttons and click on the three dots to open up a drop-down menu. Select Crypto to proceed.
3. Select Bitcoin
From this screen, you’ll see a tab for Crypto and Savings along with options for Bitcoin, Ethereum, and a few other tokens. Find Bitcoin on the list of options and click on it.
4. Set the Amount
Now you should see a section that shows the current price of Bitcoin with a Buy button and some preset amounts. You can click on one of those denominations or select Buy to open up a pop-up where you can enter any amount you want.
5. Choose a Payment Method
When you have entered how much you want to spend on Bitcoin, you need to choose a payment method. Select the option you need and click on Next.
6. Review and Buy
From this section, you’ll need to confirm your selection and you can check the exchange rate before proceeding. Unless you want to change your payment method, select Buy Now to complete your purchase.
How to Buy Bitcoin with PayPal App
Purchasing Bitcoin, Litecoin, and other tokens through a smartphone is handy when you’re on the go and not near a PC. It’s also faster through the app when you only have to use a fingerprint to log in.
1. Open the PayPal App
Grab your smartphone or tablet, and find the PayPal app on your device. Tap to open the app and log in using your credentials.
2. Select Crypto
With the app open, look until you see a section marked Crypto. Tap on the Crypto section to see the available cryptocurrency on PayPal.
3. Choose Bitcoin
On this screen, you can select Buy which brings up a list of cryptocurrencies or tap on Bitcoin at the top of the list to proceed.
4. Enter an Amount
Like with the previous screen, there are two ways you can set an amount. You can choose from a preset amount or choose the Buy button and enter one there.
5. Choose your Payment Method
When the new screen pops up, you’ll need to select a method of payment if you have multiple options with PayPal. You can also set up a new card or account here. Select the option you want to purchase BTC with and tap on it.
6. Review and Confirm
Once you review your selection, you’ll receive Bitcoin in your account. Check the rates and tap on Buy Now to complete your purchase.
Whether you’re on a PC or smartphone, buying cryptocurrency like Bitcoin is simple through PayPal. At this time, they only have a few major tokens like BTC, Bitcoin Cash, Lite coin, and Ethereum. Don’t be surprised if they add more crypto in the future, however. If you want to buy other tokens and altcoins, check out our guide on how to buy any cryptocurrency.
Check out the video below for a quick overview of the steps required to buy Bitcoin on PayPal.
The image featured at the top of this post is ©A9 STUDIO/Shutterstock.com.