How to Buy & Sell Bitcoin & Other Cryptos with PayPal in Canada: A Complete Guide for All Traders

Last updated: 12/16/2025 17:54

With nearly 10 million active accounts across Canada, PayPal has long been trusted by Canadians for all their financial needs, whether it’s shopping, running a business, sending money, or managing funds online. Furthermore, Canadian crypto traders can now buy, sell, and hold cryptocurrency through PayPal’s cryptocurrency service.

This guide explores how PayPal works with cryptocurrency in Canada, which platforms support it, a step-bystep guide on how to buy and sell cryptocurrency using PayPal.

Table of Contents

Can Canadians Use PayPal for Crypto?
Where to Buy Cryptos with PayPal in Canada?
Pros and Cons of Buying Crypto with PayPal
How to Buy Cryptos with PayPal on Paybis in Canada: a Step-by-Step Guide
How to Buy Cryptos with PayPal on Coinbase in Canada: a Step-by-Step Guide
Conclusion
FAQs
Why Choose BTCC?

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Can Canadians Use PayPal for Crypto?

US residents can purchase Bitcoin (BTC) directly via the PayPal app, but this service is not currently available in Canada. Historically, PayPal did not allow Canadians to purchase cryptocurrencies directly via its app or website. This meant that people living in Canada had to use standard methods such as Interac e-Transfer, bank transfers, or credit/debit cards to fund their crypto exchange accounts, rather than paying directly from PayPal.

However, a major shift occurred in August 2025: Coinbase Canada has integrated PayPal as a payment option, enabling Canadian users to purchase and sell cryptocurrency directly through the Coinbase platform using their PayPal account. This marks a significant enhancement in convenience for Canadian crypto holders. However, please note that Canadians can only use PayPal to buy bitcoin by using PayPal as a payment method on a cryptocurrency exchange like Coinbase, rather than buying through the PayPal app.

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Where to Buy Cryptos with PayPal in Canada?

Coinbase is currently the most notable platform in Canada to allow PayPal for crypto transactions. Canadian users can link their PayPal account to their Coinbase wallet, allowing them to fund purchases and sell cryptocurrency using PayPal.

Besides, Paybis is one of the few crypto exchanges in Canada that accepts PayPal as a payment method when purchasing crypto, including Bitcoin. Paybi is a P2P crypto exchange where users can sell around 10 popular cryptos and buy over 85 different crypto assets.

Established in 2012, both platforms are registered with FINTRAC and are widely regarded as the best crypto exchanges in Canada.

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Pros and Cons of Buying Crypto with PayPal

Before learning how to use PayPal to trade cryptocurrencies, it is important to understand the advantages and disadvantages of using PayPal. The chart below sets out the pros and cons of buying crypto with PayPal.

Pros	Cons
If you already have a PayPal account, it’s quick and easy to buy crypto Safe and secure payment method Buy crypto directly with Canadian dollars (CAD)	PayPal is only supported by a small number of exchanges Depending on the exchange you use, you may not be able to withdraw your funds back to your PayPal account Foreign exchange fees may apply on some platforms

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How to Buy Cryptos with PayPal on Paybis in Canada: a Step-by-Step Guide

It’s easy to buy Bitcoin and other cryptocurrencies with PayPal on Paybis in Canada. Here’s what you need to do:

Visit the Paybis Canada website and select Sign In.
Fill in the form to create an account.
Finish the identity verification process.
While you’re logged in to your account, select the coin you want to buy like bitcoin.
Select PayPal as your payment method.
Enter the amount you wish to buy.
Provide your bitcoin wallet address.
Log into your PayPal account to confirm the payment.
Once the transaction is complete, the bitcoin will be sent to your wallet

Please note that Paybis transaction fees for buying cryptocurrencies such as Bitcoin with PayPal will vary depending on the transaction. The limit for the amount of cryptos you can buy with PayPal per transaction will also be displayed when you select PayPal as your payment method. This limit is set by Paybis according to each user’s financial capacity.

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How to Buy Cryptos with PayPal on Coinbase in Canada: a Step-by-Step Guide

The general process for buying cryptocurrency using PayPal on Coinbase is as follows:

Create and verify your Coinbase account: Sign up for Coinbase and complete the KYC/identity verification process.
Link your PayPal account: In the payment or funding settings of your exchange account, select PayPal as the payment method and follow the prompts to securely connect it.
Deposit funds via PayPal: Use your linked PayPal account to fund your crypto wallet on the exchange. These funds can then be used to purchase cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), as well as any other cryptocurrencies supported by the platform.
Buy cryptocurrency: Navigate to the Buy/Trade screen, select the cryptocurrency you wish to purchase, enter the amount and complete the transaction using your PayPal-funded balance.

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Conclusion

Thanks to Coinbase’s integration of PayPal as a payment option, using PayPal to buy and sell crypto has become significantly more accessible for Canadian traders. However, it’s important to understand the limitations, such as the fact that the PayPal app itself does not currently support direct crypto transactions in Canada, and that fees, chargeback policies and withdrawal options vary by exchange.

For crypto traders, it is highly recommended to compare the supported payment methods of different cryptocurrency exchanges before deciding where to trade, and check out our detailed guide to learn more about cryptocurrencies.

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FAQs

Can I use PayPal to buy cryptocurrency in Canada?

No, if you live in Canada, you can’t buy or sell cryptocurrencies such as Bitcoin directly using your PayPal account — this service is only available in the US. However, you can use PayPal to buy cryptocurrency on an exchange that accepts PayPal as a payment method, such as Paybis.

Which crypto exchanges accept PayPal as a payment method?

Paybis and Coinbase accept PayPal in Canada. However, PayPal is not widely accepted on most crypto exchanges, many of which require you to pay using a credit or debit card, bank transfer or Interac e-Transfer.

Does PayPal have a crypto wallet?

Venmo, the mobile wallet owned by PayPal, also lets customers buy and sell cryptocurrencies. You can start investing with as little as $1, and you don’t need a special account.

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BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

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