Our experts compared the best crypto exchanges that accept PayPal. Find out which PayPal crypto exchange offers the best value and lowest trading fees.
This page compares the best exchanges that use PayPal and what you need to consider when choosing one. We explain how to use PayPal to buy cryptocurrency, the pros and cons of using it, and select the best exchanges for different levels of experience.
Best PayPal crypto exchanges overall for 2023
- Binance: Best crypto platform for trading altcoins
- Coinbase: Best secure trading platform for all types of trader
- Bitstamp: Best for professionals & trading with APIs
- FP Markets: Best for low spread & 0-pip trading
What are the best PayPal crypto exchanges?
The table below includes the top exchanges you can use right now that accept PayPal. Click on any of the links to register in just a few minutes, or continue scrolling to learn more about each one.
Most Popular
Min. Deposit
1 €
Min. Deposit
2 €
Cryptocurrency is not regulated by the UK Financial Conduct Authority and is not subject to protection under the UK Financial Services Compensation Scheme or within the scope of jurisdiction of the UK Financial Ombudsman Service. Investing in cryptocurrency comes with risk and cryptocurrency may gain in value, or lose some or all value. Capital gains tax may be applicable to profits from cryptocurrency sales.
Min. Deposit
0 €
Top 6 cryptocurrency exchanges that accept PayPal
1. Binance. Best crypto platform for trading altcoins
350
No. assets
$1
Minimum deposit
Crypto
Platform type
Pros & Cons
Supports the trading and storage of over 130 coinsOffers multiple trading pairs (BTC, ETH, BNB, and USDT)High maximum daily withdrawal limitAvailable globallyLow trading fees, particularly when using BNB (Binance Coin)
Occasionally slow customer supportCentralised, rather than decentralised
We love Binance because it’s the largest crypto platform in the world. More than 30 million people use Binance to trade 350+ cryptocurrencies. Binance also offers a range of other services, such as staking, crypto loans, and derivatives markets such as futures and options.
The Binance app is designed to appeal to everyone, regardless of your experience. The ‘Lite’ version slims everything down to the basics, while the regular app is one of the most advanced crypto trading platforms out there.
The fees: There are no fees for trading Bitcoin. All other cryptocurrency spot trades come with a 0.1% fee. If you own Binance coin (BNB), you receive a 25% discount on all trading fees. Binance does not charge deposit fees but withdrawal fees are variable depending on the crypto.
2. Coinbase. Best secure trading platform for all types of trader
4
No. assets
$2
Minimum deposit
Crypto
Platform type
Pros & Cons
Simple and easy to use interfaceAble to buy cryptocurrencies instantly with a credit or debit cardOffers great security on its walletCan use a variety of payment methods
Quite high fees for credit and debit card instant buysPoor customer support
We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.
A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. There is insurance on all cash balances up to $250,000 and the majority of assets are stored offline in cold storage.
The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.
Disclaimer
3. Bitstamp. Best for professionals & trading with APIs
1
No. assets
Minimum deposit
Crypto
Platform type
Pros & Cons
Low trading fees and no spreadsSupports multiple fiat currenciesRegulated platform
Limited number of coins availableMajor fees on deposits and withdrawalsLiquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether.
We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
4. FP Markets. Best for low spread & 0-pip trading
60
No. assets
$80
Minimum deposit
Crypto
Platform type
Pros & Cons
Trade 10,000+ CFDs across multiple asset classesHighly regulated and reliable platformCopy and social trading features
Not available in the US, Japan & New ZealandIRESS platform is expensive.
We love FP Markets because it uses cutting-edge technology to ensure all crypto trades are executed at lightning fast speed. It’s an award-winning broker and offers 11 CFDs on digital assets, including Bitcoin, Ethereum, and Dogecoin. All of its crypto CFDs are traded against the USD.
FP Markets has zero restrictions and allows all trading styles, including scalping and running expert advisors. It integrates with the popular MetaTrader 4 platform and has its own technology-driven charting package. For beginners, FP Markets offers a free copy trading service where you can mirror profitable users’ trades directly in your own account.
The fees: FP Market makes its money from the Bid/Ask spread and charges zero commissions for any crypto CFD trades. Its spreads are variable however the average for BTC/USD is 10.1089.
What is PayPal?
PayPal is a popular way to send and receive money online and is used by many top crypto exchanges as a payment method. In recent years it has become a way to buy, sell, and hold cryptocurrencies directly on its platform. PayPal is often preferred by users while depositing funds to their exchange accounts as it offers an extra layer of security to transactions.
How should I choose a PayPal cryptocurrency exchange?
Before you go ahead and choose a crypto exchange that accepts PayPal you will need to consider what options are available. Below we’ve highlighted some of the features that you should look out for when choosing a PayPal crypto exchange.
- Fees. Most crypto exchanges will charge fees when using their services such as commissions. Although not all will charge a fee for using PayPal to fund your account. It’s worth checking the payment terms of any exchange you plan to use ahead of time so you know what you will be charged.
- Choice of coins. Some exchanges only focus on a few coins, or the largest coins, while others will offer hundreds of coins. An exchange with just a few coins may be better suited to a beginner, while platforms with lots of coins will be a better choice for experienced users.
- Reliable platform. Exchanges can go down from time to time, so before you choose one make sure you check how reliable it is. One way you can do this is by reading customer reviews and finding out from other users how well an exchange performs. This is especially important for short term traders .
- Extra options. Some exchanges focus solely on letting users buy and sell coins, but others offer lots of extra options. One of the key ones to look out for is wallets, where you can safely store your coins. You can usually hold your coins on an exchange, but a wallet adds an extra layer of security and is important if you have a lot of coins.
- Transaction speed. When you deposit money into your exchange using PayPal the transaction is usually processed immediately. However, when it comes to withdrawing profits, the transaction can sometimes take a bit of time. If you want your money quickly, look for an exchange that processes withdrawals fast.
Should I use a crypto exchange that accepts PayPal?
Yes, you should consider using one although it will depend on your own circumstances. If you are new to crypto then using the PayPal platform is the easiest way to buy your first coins. If you’re more experienced then using an exchange like the ones we’ve listed above is a good option.
PayPal has lots of benefits and is one of the easiest ways to add and withdraw funds to and from your exchange account. If you make lots of transactions and want to keep your crypto activities separate from your bank account, then PayPal is an easy way to do it. Most exchanges accept PayPal meaning you’ll have a wide choice of platforms to choose from.
Original source: https://invezz.com/cryptocurrency/exchanges/paypal/
