5 Best Crypto Exchanges With PayPal Deposits and Withdrawals

There are a bunch of top exchanges that support PayPal for deposits and withdrawals, which makes it hard to find the right one that suits your needs. Some claim to offer low fees, instant transactions, or multiple currency support. But which one should you choose?

We’ve done the research to help you with your needs. We’ve tested over 50 crypto exchanges, spending hours depositing our own money, testing all the available products, and analyzing the security features available on each, to compile a list of the best exchanges in the industry.

When looking for an exchange that supports PayPal, we know it’s not a one-size-fits-all scenario. That’s why we’ve come up with a list of categories and chosen an exchange that suits each category best.

List of Top Cryptocurrency Exchanges That Accept PayPal

How to Choose the Best Crypto Exchange for Buying Crypto with PayPal?

What Should I Look For When Choosing An Exchange That Supports PayPal?

Choosing an exchange that supports PayPal isn’t easy, with so many solid options available. We recommend looking for the following key factors when considering which exchange to use:

• Direct PayPal Integration: You should check if the exchange supports PayPal directly, or if it relies on P2P trading or third-party services like Simplex and MoonPay to support PayPal. Third-party services typically charge higher fees for PayPal deposits than exchanges that natively support PayPal.
• Transparent Fees: Look for exchanges that clearly display their fees before you confirm your transactions. The last thing you want is to confirm your transaction, only to find out afterwards that you’ve been hit with hidden fees.
• Cash In & Cash Out Support: Since many exchanges only support PayPal deposits, it’s important to check whether the exchange you’re considering also supports withdrawals.
• Regulatory Compliance: Always make sure the exchange is licensed and regulated by a major financial authority, ideally in the US, EU, or UK. This gives you that extra reassurance that the exchange operates to the highest standards and complies with strict financial regulations.
• Local Currency Support: Different exchanges support different currencies via PayPal. We suggest double checking which fiat currencies your chosen exchange supports via PayPal to help avoid paying extra fiat conversion fees.

What are the Advantages of Using PayPal to Buy Crypto?

Despite its higher fees, PayPal does offer several key advantages that might make it worth using. Of course these will depend on your individual use case, but here are some of the biggest advantages of using PayPal to buy crypto:

• Convenience: You can buy crypto using your PayPal balance or a bank card linked to your PayPal account. This lets you skip entering your card details and waiting for transactions to be approved in your banking app
• Speed: Deposits and purchases through PayPal are fast and usually settle instantly. This makes it ideal for capitalising on sudden dips in the market. Unlike bank transfers which can take several days to process.
• Familiar Platform: If you’re a long time PayPal user, you’ll find it quick and easy to make transactions via PayPal.
• Reputation: PayPal comes with a long reputation for safe and reliable operations, assuring that your bank details are in the hands of a trusted company.

What Are The Fees Associated With PayPal Deposits And Withdrawals?

PayPal fees are fairly straightforward, but can vary greatly depending on which exchange you are using. If you’re depositing or buying crypto using PayPal you’ll have to pay a deposit fee, which I’ve seen vary from 2.5% to 4.0%. If you’re selling crypto for fiat or cashing out, you’ll have to pay withdrawal fees which can sometimes be a percentage or a flat fee depending on which exchange you use.

Is It Safe To Buy Crypto With PayPal?

Based on my testing and years of experience, I’d consider PayPal a safe option when buying crypto or making fiat deposits. PayPal is a heavily regulated platform that you can trust with your banking information.

Why Are PayPal Crypto Purchase Fees Higher Than Bank Transfers?

You will probably notice that crypto purchases using PayPal typically cost more than making deposits via bank transfer. This is because PayPal charges higher processing fees than most banks, fees that the exchanges are forced to pass on to you, the end user. Exchanges can also add extra fees to cover the risk of chargeback scams and disputes, things you don’t have to deal with when using bank transfers or bank cards.

Does PayPal Offer Buyer Protection For Crypto Transactions?

PayPal’s buyer protection policy usually doesn’t cover crypto transactions. That means all crypto purchases are final, the same as if you were using a bank card or bank transfer. Purchases using PayPal are also ineligible for dispute resolution or fraud protection.