How to Buy Bitcoin with PayPal? Easy Guide for Traders

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Meet Thadeus, a trading guru, brilliant writer, and financial fanatic with years of expertise in the industry. Get ready to learn from his wealth of knowledge.

Article was updated: December 30, 2024
Estimated reading time: 6 minutes

Bitcoin is one of the most popular cryptocurrencies many investors wish to put their money into. One of the most important things you should pay attention to while investing in bitcoin is identifying the best mode of payment to complete your purchase effectively.

While many cryptocurrency brokers allow investors to buy Bitcoin using various payment methods. In this case, it is crucial that you select the most suitable one for you. PayPal is one of the most preferred modes of transaction, and below, we will take you through how to buy Bitcoin with PayPal. We will also recommend the top Bitcoin brokers that accept PayPal to help you get started on a good note.

Bitcoin Brokers That Accept PayPal

There are many Bitcoin brokers in the market, and choosing the best that accept PayPal can be challenging for investors. Besides allowing PayPal transactions, you must ensure that a broker is regulated by tier-one authorities such as the Financial Conduct Authority (FCA). Additionally, it should support Bitcoin and additional assets for portfolio diversification. It is also crucial that you settle with a Bitcoin broker that also allows you to trade Bitcoin as CFDs in case you might want to hedge your investment in the future. 

Below, we list for you the top Bitcoin brokers that accept PayPal. Keep in mind that we thoroughly researched that market, and our recommendations have been tested multiple times and approved by our expert researchers. All you have to do is compare their features and choose the one meeting your trading needs

1. Skilling

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Skilling is one of the newest online brokers in the industry, with its roots in Sweden and a co-founder that was the CEO of Google Sweden. Today, the broker is based in Cyprus with a broker licensed from CySEC (among others).

Since its launch in 2019, Skilling has been offering cryptocurrencies as CFDs and is constantly working on improving and expanding the service. Since May 2022, Skilling also accepts PayPal as a payment method, meaning you can trade bitcoin with PayPal using Skilling.

Despite this broker’s young age, we believe it to be one of the best brokers already out there and we expect to follow the development of this broker for many years to come.

Skilling Review 2025
TradingGuides Rating:
✔A fast growing trading platform
✔CFD and forex trading across the globe

2. CEX

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CEX is a modern Bitcoin and cryptocurrency exchange that claims to have the easiest Bitcoin trading platform in the world. And we’re ready to agree with them. This broker is safe, efficient to use, and easy to get started with.

With that being said, CEX provides an advanced service cloaked in an easy-to-use platform. This means that CEX is a great option for beginners looking to invest in Bitcoin as well as a range of other cryptocurrencies.

Naturally, CEX also supports Paypal as a payment option allowing you to Buy bitcoin with Paypal. Also, one of the main benefits of using this exchange compared to the other recommended brokers is that you buy the actual cryptocurrencies instead of just speculating on price movements.

CEX Review 2025
TradingGuides Rating:
✔ Buy crypto with a debit or credit card
✔ 24/7 support

How to Buy Bitcoin* With PayPal

Now that you know the top brokers for buying Bitcoin with PayPal, you must be wondering about the procedure for completing the purchase. Note that the below step by step guide works on all brokers that support PayPal. Simply ensure the broker you are using meets your Bitcoin trading requirements. 

Step 1: Visit a Broker’s Website
Step 2: Complete the Account Registration Process
Step 3: Verify Your Bitcoin Investment Account
Step 4: Choose PayPal And Deposit Funds
Step 5: Complete The Purchase

Visit a brokers websiteYou need a trading account with a broker of your choice to buy Bitcoin using PayPal. On this page, we share links that will redirect you to our recommended brokers’ websites to complete the purchase. Remember that the above brokers have terms and conditions that you should understand before beginning the sign-up process. In addition, they have reliable trading apps that you can download and install on your mobile device to trade Bitcoin on the go.

Complete the account registration processOnce you are on a broker’s website, you will see “register now” or “join now”. Follow the command by sharing your personal details, including your name, email address, phone number, age, source of income, etc. The broker will also request that you create a username and password as a way to secure your trading account. This process is straightforward, and if you provide the required information, it will only take less than 10 minutes to complete.

Verify your Bitcoin investment accountBrokers regulated by the FCA have a standard protocol of verifying all traders’ and investors’ details before fully activating their accounts. This procedure guarantees safe trading and keeps fraudulent investors at bay. You will share documents that prove your identity and location, including a copy of your ID card, passport or driving license and a utility bill or bank statement.

Choose PayPal and deposit fundsOnce your information is verified and your account fully activated, you will be required to deposit funds and buy Bitcoin. At this point, choose PayPal as your prefered payment option, link your PayPal account with a broker, and make a deposit per the brokers’ requirements. 

Complete the purchaseAs soon as your deposit is confirmed by a PayPal crypto broker, you will be given access to its available asset offerings, where you will choose Bitcoin. Then, enter the amount of Bitcoin you wish to buy and complete the purchase. Some brokers will also allow you to invest in Bitcoin shares. Simply ensure your budget fits your trading style for maximum experience.

*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

Read about list of the best Bitcoin wallets in the UK 2025 and Best Crypto Wallets in the UK in our other articles.

Tips on choosing the Best PayPal Bitcoin Broker in the UK

BEWARE OF SCAMS

When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.

Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.

Tips on choosing the Best PayPal Bitcoin Brokers in the UK

Buying Bitcoin with PayPal requires you to have the best PayPal crypto UK broker that meets all your trading needs. This allows you to trade under the best conditions and know that your funds and data are secured. While the above recommended brokers are the best in this category, they may not suit your trading needs. This means going back to the market to research and identify other brokers to buy Bitcoin with PayPal in the UK.

It’s a no-brainer that the UK market hosts hundreds of crypto brokers in the UK that support Bitcoin trading and investment. However, some of them are not legit, and you may end up getting scammed. To avoid falling victim to such brokers, below are the important considerations you need to make before selecting a Bitcoin broker.

A broker’s reputation speaks volumes when it comes to securing your data and trading funds. Therefore, choose a broker that the Financial Conduct Authority regulates. Note that brokers regulated by tier-one authorities adhere to strict instructions and offer the best trading conditions to maximise traders’ experience. As a trader, it is crucial to focus on strategy rather than worrying about your safety.

You need to get more value for money by choosing an affordable broker that fits your trading budget. Consider elements such as the minimum deposit requirement, commissions or spreads, transaction costs when buying Bitcoin with PayPal, inactivity fees, etc. Note that some brokers have hidden charges. Therefore, ensure you leave no table unturned before making a choice.

The broker you use to buy Bitcoin with PayPal in the UK should have a user-friendly platform with customisable features. You see traders’ experiences in the crypto market vary, and you want a broker that fits all skill levels to enjoy your experience even as you become more skilful. Our recommended Bitcoin brokers above are beginner-friendly and host different trading platforms for all Bitcoin traders. Most importantly, a Bitcoin trading platform should perform speedy transactions, especially when trading Bitcoin as CFD. 

Another essential element to consider is whether a broker hosts Bitcoin and allows you to buy the asset using PayPal. You see, not all brokers allow PayPal as a payment method, and you may end up disappointed if you fail to confirm this factor. You should also consider the availability of other assets you are familiar with for portfolio diversification.

If you are a beginner, it is crucial to trade on a platform with an excellent support system to help you out when trading challenges arise. Although buying Bitcoin using PayPal is pretty straightforward, you never know what other challenges might affect your activities. Therefore, choose a Bitcoin broker with a reliable and dedicated support service. Most importantly, the support service availability must fit your trading schedule.

PayPal Also Supports Bitcoin Trading Nowadays

PayPal Mobile App

There is one more solution that we want to recommend to all our readers looking to buy Bitcoin with PayPal, and that is PayPal itself. You see, the company recently launched a service that allows you to buy, sell, and hold cryptocurrencies directly in the PayPal App.

In the app, you can invest in Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Better yet, you can start investing with as little as £1 per purchase. In other words, buying Bitcoin in the PayPal app is easy and cheap, thus a very beginner-friendly option.

PayPal’s cryptocurrency service is not available worldwide just yet. But as a UK or US resident, you can start using this service. We also expect the company to start adding even more cryptocurrencies further down the road.

Lastly, using PayPal’s app to buy Bitcoin allows you to send cryptocurrencies to other PayPal accounts, either as a part of trading or to pay for certain services and/or products.

Find out more about the best cryptocurrency apps in the UK in our other article.

Pros and Cons of Buying Bitcoin With PayPal

Pros
  • PayPal is user-friendly and highly recommended for online payments
  • The mode of payment is highly encrypted and considered one of the most trusted
  • Transactions are quick and familiar with an already existing PayPal account
Cons
  • Besides brokerage fees, PayPal has additional transaction charges
  • Some brokers don’t allow PayPal as a mode of payment

You can read about How to Open a Bitcoin Account in our other guide.

FAQs

Can I buy bitcoin with PayPal?

Yes. You can easily purchase Bitcoin with PayPal through online brokers that meet your investment needs. Finding such brokers can be an uphill climb, and for this reason, we recommend the top above to choose from.

Can you use PayPal in the UK?

Absolutely. PayPal is one of the most preferred payment options for making online purchases in the UK. However, note that you cannot use it to buy Bitcoin anonymously but create a PayPal account and link it with your preferred broker.

Is PayPal safe?

Yes. PayPal is a safe payment option since it only allows you to use it once you create a PayPal account and fully verify it. This protocol secures the platform and keeps away fraudsters. Plus, the system has two-factor authentication, which we highly recommend you enable for more safety.

Do I pay a commission when buying crypto with PayPal?

Yes. PayPal will charge you a commission based on the amount of cryptocurrency you purchase. Also, some brokers charge commissions or spreads for transactions. Therefore, always confirm these charges and ensure they fit your budget.

Do I need a bank account for PayPal?

No. You do not need a bank account to sign up with PayPal or make deposits and withdrawals. However, you are free to link your bank account with your PayPal account so that you can easily transfer funds when need be. Remember that PayPal to bank transactions and vice-versa may attract some additional charges. Therefore, it is essential that you confirm these fees before linking the two accounts.

Is there a limit on buying and selling crypto with PayPal?

Yes. Currently, investors can buy cryptocurrencies not exceeding $100,000 using PayPal on a daily basis. This limit is up from its previous $20,000 daily purchases, allowing investors to put more money into the assets.

Conclusion

PayPal is an excellent payment method for buying Bitcoin if you want to avoid delayed transactions. Most importantly, you can link it with your preferred bank account and directly withdraw funds using the GBP currency. However, note that using PayPal does not guarantee successful trades. You must analyse the markets and develop solid strategies to increase your chances of making profits. Lastly, find the best broker to buy Bitcoin using PayPal and above, we recommend the top to choose from.

How we test?

Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.

The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.

Thadeus Geodfrey logo
Thadeus Geodfrey

Is a regular dad trying to be smart about how we play and win in this big game of life. He has worked within the very best of the financial industry producing numerous training resources. He is an experienced copywriter with immense financial background. Now earns a full time living as a Trader, and as our writer.

His articles help everyday families build sustainable wealth, stop stressing about their financial security, and start living the life they’ve always wanted.
If he is not trading or writing, he is at the gym.

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