Last Updated on 4 months by Shubham Attri
Crypto lovers are increasing with every passing day. Trading cryptocurrencies require a reliable platform and Binance is one such reliable platform. It is among the popular exchanges to trade cryptocurrency but there is always a question that strikes every investor’s head, can you exchange money for crypto using PayPal? Well, the answer is yes, you can buy crypto with PayPal Binance.
Binance is one of the platforms that accept PayPal for payments. So, you can buy crypto with PayPal Binance. The platform has added around 62 new payment methods for Peer-to-peer trading. Peer-to-peer trading helps Binance users to buy or sell cryptocurrencies directly to other verified users. PayPal is also among these new payment methods.
If you have Binance and a PayPal account, you can easily buy crypto with PayPal Binance. It allows you to trade in four cryptocurrencies, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin directly from its mobile or web app. There are numerous ways to buy cryptocurrencies with PayPal.
You can choose to buy crypto with PayPal Binance as Binance is one of the largest cryptocurrency exchanges. We will tell you more about this platform and how you can buy crypto with PayPal Binance here in our post.
So, let us discuss how to buy crypto with PayPal Binance.
About PayPal And Binance
PayPal is an American multinational financial technology company. It is among the largest online payment processors worldwide. It operates as a safer and faster way to send money, receive money, set up merchant accounts, or make online payments. One needs to create an account to buy crypto with PayPal.
Binance is among the most popular cryptocurrency exchanges. It was founded in 2017.
Initially, it was based in China and later moved worldwide. It is the world’s best cryptocurrency exchange platform. Binance has now added various payment methods for P2P trading. You can buy crypto with PayPal Binance as Binance is one of the platforms that help users to buy crypto with PayPal. Certain other platforms also allow you to do so. Let us check out these platforms.
Platforms To Buy Crypto With PayPal
Various platforms are available to buy crypto with PayPal. Some of them are mentioned below. Let us have a look at these platforms.
We will discuss how to buy crypto with PayPal Binance, but before that let us discuss why to buy crypto with PayPal.
Why Buy Crypto With PayPal?
There are certain benefits of buying crypto with PayPal. Let us discuss these benefits.
- Speedy withdrawal and deposit
- Higher security
- User-friendly experience
- Good Mobile app
- Multi-Cryptocurrency support
As we have gone through the benefits of buying crypto with PayPal, let us move on to how to buy crypto with PayPal Binance.
How To Buy Crypto With PayPal Binance?
Binance has added support for around 62 payment methods for P2P trading. It enables anyone to buy or sell cryptocurrencies directly with verified merchants or users. PayPal is also among these newly added payment methods. Let us find out how to buy crypto with PayPal Binance.
1. Create An Account
The first step to buying crypto with PayPal Binance is to create an account. You need to create an account on both Binance and PayPal platforms. You can easily submit your details and create an account. After that, proceed to the next step.
2. Add Payment Method
You need to follow certain steps to add PayPal as a payment method. Every user can add a maximum of 20 payment methods. Let us quickly see these steps.
- Open the app on your mobile.
- Enter the Peer-to-peer trading page on the app.
- Hit the Payment Settings button on the top at the right side.
- Tap on Add Payment Methods.
- Enter the payment account information.
- Tap on Confirm.
Once the payment method is enabled, you will find numerous offers supporting your payment methods and you can trade money with zero transaction fees from the Binance Peer-to-peer trading platform. You need a minimum of $1 for trading.
3. Proceed With Payment
As PayPal is added as a payment method, you can now proceed with payment. You need to ensure that both PayPal and Binance addresses are the same for easy transactions. You just need to hit the Pay option after adding the account linked with PayPal and cards. Choose the Binance’s P2P trading method with PayPal as a payment method. The amount would be charged from the card and crypto that is deposited in the wallet.
You can choose crypto withdrawal as well as fiat withdrawal on Binance. You just need to create an account for the available fiat services that are offered by Binance. Withdrawal is quite easy as you just require verification before Binance US allows users to withdraw or deposit funds.
This guide includes information related to how to buy crypto with PayPal Binance. Many other platforms also allow you to buy crypto with PayPal. You should consider using a platform for cryptocurrency investment about which you have complete knowledge. You should search for the pros, cons, and long-term investments in that platform to avoid any losses.
Be careful before investing as cryptocurrencies are volatile and may lead to losses. Do proper research and analysis before investing! If you are still left with any queries related to our post “Buy crypto with PayPal Binance”, ask in the comments.
Frequently Asked Questions
Q1. What Type Of Crypto Can You Buy On Binance?
A. Users can buy cryptocurrencies like Ethereum, Bitcoin, Bitcoin Cash, and Litecoin on Binance.
Q2. Can I Buy Bitcoin With PayPal Binance?
A. Yes, you can easily exchange Bitcoin to PayPal using platforms like Binance, eToro, and many more.
Q3. Which Is The Cheapest Crypto To Purchase?
A. If you are looking for cheap cryptocurrencies to invest in, you can go for options such as Dogecoin, Cardano, SAND, XRP, etc as the cheapest cryptocurrencies to buy.
Q4. Does PayPal Charge Any Fees To Buy Crypto?
A. It totally depends on the broker you choose to partner with. You can opt for brokers with a no deposit fee because it can help you save some amount of money.