{"id":210854,"date":"2023-08-13T01:20:49","date_gmt":"2023-08-13T01:20:49","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=210854"},"modified":"2024-10-23T21:39:33","modified_gmt":"2024-10-23T21:39:33","slug":"paypal","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/paypal","title":{"rendered":"How to Buy Bitcoin with PayPal in 2024"},"content":{"rendered":"

With Bitcoin reaching a new all-time high in 2021 of $69,000, and now trading at approximately $30,000 as of 2023, the largest cryptocurrency has been volatile in recent times, gaining unprecedented exposure in social media and financial reports along the way.<\/p>\n

More and more investors are looking to buy the Bitcoin dip and trade the volatility – buying Bitcoin with PayPal is one of the easiest, most popular methods of doing so in many countries.<\/p>\n

In this guide, we’ll review how to buy Bitcoin with PayPal in 2024, showing you the best trading platforms to utilise and providing you with all the information you need to trade safely.<\/p>\n

How to Buy Bitcoin with Paypal<\/strong><\/h2>\n
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  1. Choose a Bitcoin exchange – we recommend eToro<\/a> as it’s FCA, ASIC and CySEC regulated<\/li>\n
  2. Create an account<\/li>\n
  3. Deposit funds into your account, selecting the Paypal option<\/li>\n
  4. Search ‘Bitcoin’ in the drop-down menu<\/li>\n
  5. Click ‘Open Trade’ and select an amount of Bitcoin to buy<\/li>\n<\/ol>\n<\/div><\/div>\n

    How to Buy Bitcoin with PayPal – Step by Step Guide 2024<\/strong><\/h2>\n

    If you’re looking to buy Bitcoin<\/a> with PayPal right now, then look no further. By following the four steps below, you’ll be able to buy Bitcoin with PayPal in under ten minutes – all without paying a penny in commissions.<\/p>\n

    1. Open an account with eToro – <\/strong>Head to the eToro.com<\/a> homepage and click any of the signup buttons. Provide your email address and choose a username and password.<\/p>\n

    2. Upload ID – <\/strong>Verify your account by uploading proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).<\/p>\n

    3. Deposit via PayPal – <\/strong>Choose PayPal as your deposit method.<\/p>\n

    4. Buy Bitcoin – <\/strong>Type ‘BTC’ into the search bar at the top of the screen and click ‘Trade’ next to the first option. Enter the amount you’d like to invest, double-check everything is correct, and click ‘Open Trade’.<\/p>\n

    How to Buy Bitcoin with PayPal Today – eToro Tutorial<\/strong><\/h2>\n

    When you decide to buy Bitcoin, most brokers and trading platforms will offer various ways to fund your account. However, one of the most popular and safe methods is through PayPal, due to their stellar reputation worldwide as a reliable digital payments platform.<\/p>\n

    In this section, we’ll show you how to buy Bitcoin with PayPal with FCA-regulated broker eToro – all without paying a penny in fees or commissions.<\/p>\n

    Step 1: Open an eToro Account<\/strong><\/h3>\n

    The first thing you need to do is open an eToro<\/a> account. We recommend using eToro in this guide as they offer commission-free cryptocurrency trading and are regulated by some of the world’s most trusted regulatory bodies. To open your account, head to eToro’s homepage and click the Sign Up or Get Started links. On the page that follows, provide your email address and choose a username and password.<\/p>\n

    \"How<\/p>\n

    Step 2: Verify your ID and Address<\/strong><\/h3>\n

    Due to eToro’s strict security policies, new users must verify themselves before being able to invest. Luckily, this process is very straightforward and can be completed in minutes. Simply upload proof of ID (a copy of your passport or driver’s license) and proof of address (a copy of a bank statement or utility bill). eToro will then verify these documents; once verified, you can move on to step 3.<\/p>\n

    Step 3: Fund your eToro Account<\/strong><\/h3>\n

    eToro offers a wide variety of deposit methods, including credit\/debit card, bank transfer, and a selection of e-wallets. Included in this selection is PayPal, so choose that option in the drop-down menu of the deposit screen. Notably, eToro does not charge any fees when you make a deposit.<\/p>\n

    \"How<\/p>\n

    Buy Bitcoin with Paypal on eToro<\/em><\/p>\n

    Step 4: Search for Bitcoin<\/strong><\/h3>\n

    Once you have funded your account, click into the search bar at the top of the screen and type in ‘Bitcoin’ or ‘BTC’. Click on the first option in the drop-down menu, and then click the ‘Trade’ button on the next screen.<\/p>\n

    Step 5: Buy Bitcoin with PayPal<\/strong><\/h3>\n

    In the order box that follows, enter the amount you’d like to invest – eToro only requires a minimum investment of $50, equating to around £35. After this, double-check everything is correct, and click ‘Open Trade’.<\/p>\n

    \"Open<\/p>\n

    And that’s it! You’ve just bought Bitcoin using PayPal – all without paying any fees or commissions!<\/p>\n

    Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.<\/em><\/p>\n

    Where to Buy Bitcoin with PayPal November 2024<\/strong><\/h2>\n

    When you decide to purchase Bitcoin with PayPal, it’s crucial to choose a licensed platform with a track record of allowing users to trade safely. There is a wide variety of options on the market, ranging from brokers to cryptocurrency exchanges, so it can seem challenging to decide which is best for you.<\/p>\n

    In this section, we discuss some of the best trading platforms when it comes to buying Bitcoin with PayPal in 2024.<\/p>\n

    1. eToro – Overall Best Broker to Buy Bitcoin with PayPal<\/strong><\/h3>\n

    \"eToro-Logo\"<\/a>Our recommended broker to purchase Bitcoin with PayPal is eToro<\/a>. With over 20 million users worldwide, eToro is widely regarded as one of the safest and easiest trading platforms to invest with.<\/p>\n

    Importantly, they are regulated in the UK by the FCA and in the USA by FinCEN – ensuring your capital and personal details are afforded the highest levels of protection.<\/p>\n

    One of the best things about eToro is that they allow you to purchase Bitcoin with PayPal without paying any commissions. This contrasts with many other brokers and exchanges who tend to add on a commission of 0.1% to 3% of your position size. eToro also offers this 0% commission structure on all other cryptos they offer, including when you buy Ethereum<\/a>, Ripple, and more.<\/p>\n

    \"Trading<\/p>\n

    Aside from their attractive fee structure, eToro also offers some handy features. Notably, they provide a practical and safe digital wallet that will store your Bitcoin holdings. This wallet is available on the App Store and Google Play and allows you to manage your holdings on the go. eToro also offers an innovative ‘CopyPortfolio’ feature, which will enable you to invest in funds managed by eToro’s professional investors – all without paying any management fees.<\/p>\n

    Finally, eToro allows you to fund your account via PayPal without having to pay any hidden fees or charges. The minimum deposit for new users is $200; however, this falls to $50 for subsequent deposits. If you’d like, you can also fund your account with FIAT currency via credit card, debit card, bank transfer, and various e-wallets.<\/p>\n

    Pros<\/strong><\/p>\n

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