Can I buy crypto with PayPal?

To buy crypto with Paypal, you must use your PayPal Cash or Cash Plus balance or a linked debit card or bank account. You won't be able to use a credit card. This is similar to other cryptocurrency exchanges and apps. You can hold the crypto you buy in your PayPal account, but you can't transfer your purchased crypto off the PayPal platform.

What is PayPal checkout with cryptocurrency?

On March 30, 2021, PayPal introduced Checkout with Crypto. This new feature makes it quick and easy to pay for your online purchases with cryptocurrency. PayPal users will be able to use digital currency to make purchases at all 29 million merchants that accept PayPal.

Why should you use PayPal crypto exchanges?

Because your funds aren’t being funnelled through a traditional bank, it can take less time to make Bitcoin deposits and, importantly, withdrawals using PayPal. When it comes to using PayPal crypto exchanges, liquidity is important. Without enough users buying and selling, it’s hard to get the coin you want at the best price.

Should you buy Crypto on PayPal or venmo?

Unfortunately, there are also a few downsides that make a crypto exchange a better option. When you buy crypto on PayPal or Venmo, you can't move it off that platform; you can either hold on to it or sell it. PayPal also recently introduced an option to pay with crypto at checkout. From a security standpoint, this isn't ideal.