Paypal has been established as one of the best deposit methods for crypto, especially since it doesn’t require holders to convert their currencies when making payments. Setting up an account on the payment method is easy; you just need an email and some basic information.
While Paypal only offer U.S customers to buy and sell crypto, in Europe and Asia – it’s mainly seen as a deposit method. Get started with this deposit method and purchase cryptocurrencies with your mobile or desktop device. You will usually be able to use the e-wallet without paying transaction fees, so you can go ahead and purchase crypto by the click of a button.
Top 9 sites for buying, selling and trading crypto with Paypal
This is the toplist with the best sites where you can use Paypal to buy, sell or trade cryptocurrencies. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button. We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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- 1 Top 9 sites for buying, selling and trading crypto with Paypal
Above are the best crypto exchanges, platforms and brokers offering funding with Paypal.
This e-wallet is supported on almost all websites, and this is why lots of people use it for deposits. While personal transfers are free, crypto purchases will come with some transaction fees. That’s why you should only use Paypal as a deposit method for more comprehensive crypto sites, make sure to not buy crypto directly from Paypal.
It is worth noting that PayPal offers an extra layer of security as the crypto exchange will not have access to your credit card information. As the largest banking method on the internet, it has strong security features, including 128-bit SSL encryption for all transactions. It also performs server checks to ensure that customers are transferring funds from browsers that support SSL 3.0 or higher.
+The exchange will not have direct access to your credit card information.
+Paypal offers high levels of customer protection.
+The funds from your Paypal account will be transferred instantly.
+It’s easy to set up and use.
+Paypal can conveniently be used on mobile devices.
-You may need to pay a fee for currency conversions.
-Paypal is aggressive with account freezes.
-Disputes can lead to delays in the transfers.
-Paypal offers poor customer support.
What is Paypal?
This is an e-wallet that is linked to your bank account or credit card. When making transfers with this deposit method, the funds can be drawn from your bank account, credit card, or PayPal balance. To prevent identity theft, the company automatically encrypts the payment details and ensures that customers use browsers that support SSL 3.0 or newer versions. With this deposit method, you will be able to view all your past transactions, and this will make it easier to manage your funds.
This e-wallet has been noted to be a prime target for phishing attacks. Fortunately, these scams are easy to spot as they often have misspellings and will not direct you to the official PayPal website. To be safe, you should never click links sent to your email and should type the URL directly on your browser.
Which costs can be expected with Paypal?
When funding your crypto exchange account with this e-wallet, you will not need to pay any transaction fees. The cost of the transaction will be covered by the crypto wallet or the recipient of the funds. However, if you need to convert your currencies when making the payment, you will have to pay an exchange rate fee. This will vary depending on your region but ranges from 3.5% to 4.5%. You should note that the crypto exchange may also charge some fees for the deposits.
Transaction speed for Paypal
PayPal transfers are completed instantly, as long as there are no disputes in the transactions. Also, you should ensure that you have sufficient funds in your account to prevent issues in the transfers. Since this payment method has been used for many years, you shouldn’t expect any delays in the transactions.
Paypal Deposits: How to do it?
If your crypto exchange accepts deposits made with this e-wallet, you can follow these general steps to complete the payment:
1. First, you should open your crypto exchange and log into your account.
2. Then you can go to the deposit section and choose fiat payments.
3. In most cases, you will have to pick the P2P option when depositing with this e-wallet.
4. You should then pick the e-wallet from the list of deposit methods.
5. Then you can choose the currency and add the amount you want to pay.
6. Finally, you can confirm the transaction from the payment method.
Which are the main countries where Paypal is used?
In order to use crypto exchanges accepting PayPal, you have to be based in a country where this e-wallet is not restricted. Some of the main places where the banking option is used include the USA, the UK, Germany, Spain, France, India, South Africa, Canada, and Nigeria. A few countries are currently excluded from the service, and they include Afghanistan, Gabon, Ghana, Cameroon, and Libya.
Can you withdraw with Paypal?
You can make withdrawals with this e-wallet, and in this case, you will have to sell your crypto assets at the prevailing prices. You can withdraw the funds using your desktop device, as well as your Android or iPhone device. In this case, you may be required to pay a fee to receive the funds.
How is the reputation of Paypal?
PayPal has developed a reputation for offering high levels of security. Many people complain that the site is quick to ban accounts, but this measure is also meant to eliminate criminals from the platform. A key complaint people have regarding the site is that it offers poor customer support, especially to customers outside the USA.
Here are the most frequently asked questions about Paypal. Don’t hesitate to contact Crypto Lists if you have any additional questions.
Is it safe to use Paypal for cryptocurrencies?
Yes, this e-wallet is among the most secure methods you can use to purchase cryptocurrencies. This is because it encrypts all the payment information and prevents crypto exchanges from accessing your credit card information.
How do I set up Paypal?
To create an account on this e-wallet, you will have to add an active email and personal details. You will also need to add a credit card to use the service, and this will require a small refundable fee.
Is Paypal instant?
If speed is your primary concern when choosing payment methods, then you need to use this e-wallet. All payments made with this banking method will reflect in your crypto exchange instantly.
When was Paypal founded?
This company was founded in 1998 in the middle of the internet boom by famous individuals such as Elon Musk and Peter Thiel. Paypal is currently considered the biggest online payment service.
Where is the mother company based?
This company is based in San Jose, California.
Is Paypal stocklisted?
Yes, the company went public in 2002 and is traded on the Nasdaq.