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How to buy Bitcoin with PayPal in Canada

Learn how to buy bitcoin and other cryptos using a US PayPal account.

Can you buy bitcoin with PayPal in Canada?

No. Currently, buying, selling, and holding bitcoin and other cryptocurrencies on PayPal is only available in the US (excluding Hawaii) and US territories. All trades must be executed in USD. PayPal plans to extend this ability to users outside the US soon.

Compare other ways to buy and sell cryptocurrency

PayPal isn’t the cheapest way to buy and sell cryptocurrency, so if you’re going to be trading large amounts it is worth comparing other cryptocurrency exchanges and platforms to potentially save money.

1 - 5 of 19
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Kraken Cryptocurrency Exchange
Interac e-Transfer, Wire transfer, Cash or Debit at Canada Post, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card


Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
VirgoCX Cryptocurrency Exchange
Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer


Binance Cryptocurrency Exchange
AdvCash, Cryptocurrency, Bank transfer (SEPA), P2P, SWIFT, Bank card


Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.
CA residents: Binance is not currently available to Ontario-based users.
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Cryptocurrency, Simplex, Banxa, XanPool, MoonPay, Mercuryo, E-check, Legend Trading, Capitual


Disclaimer: Highly volatile investment product. Your capital is at risk.
Buy, sell, trade and earn hundreds of cryptos on this full-featured global trading platform.
CA residents: Bybit is not currently available to Ontario-based users.
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)


Refer a friend to win a mystery box worth up to US$10,000. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

Compare up to 4 providers

How to buy Bitcoin with PayPal

Here’s how to buy crypto with PayPal which can only be done through a US PayPal account. You can do so by using the PayPal app or by accessing your account online after you log in:

  1. Click on the cryptocurrency section of your account. This section can be found from the homepage. Alternatively, you can visit to access this page.
  2. Select the cryptocurrency you want to buy. Your options include Bitcoin, Ethereum, Bitcoin Cash and Litecoin. For other cryptocurrencies, you’ll need to compare alternative ways to buy.
  3. Click buy. If this is your first purchase you’ll need to confirm your account.
  4. Choose purchase amount and payment method. You can typically use bank accounts, debit cards or your PayPal balance to buy cryptocurrencies.
  5. Review and buy. Look over the details of your purchase and click Buy Now to make your purchase.

After buying cryptocurrency through PayPal you’ll be able to see your total balances in your account. Because PayPal stores your crypto for you, if you want more control over your private keys you’ll need to use a different method to buy cryptocurrency.

In a nutshell


  • Easy to use. Buy cryptocurrencies through the PayPal app or through the website in a few clicks.
  • Track your portfolio. See your current crypto-portfolio’s worth in a glance.
  • Flexible payment options. Pay with a debit card, from your bank account or using your existing PayPal account balance.
  • Instant transactions. Buying and selling crypto through PayPal is instantaneous.


  • Fees. You’ll be charged a fee based on the total amount of your purchase.
  • You don’t control your private keys. PayPal doesn’t give you access to your cryptocurrency keys, so you won’t be able to store your purchase in an external wallet.
  • Limited options. PayPal currently only supports Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
  • Exchange markups. Currency conversion rates will apply to your purchase, so you’ll be buying and selling cryptocurrencies at a slight price disadvantage.
  • Not available for Canadian PayPal accounts. PayPal plans to expand this service outside of the US in the future but it’s not yet available for Canadian accounts.

PayPal cryptocurrency fees

Transaction fees are applied to your purchase when you buy or sell.

Buy or Sell amountFeeFee estimates
$1 – $24.99$0.50$0.50
$25 – $1002.30%$0.575 – $2.30
$100.01 – $2002%$2 – $4
$200.01 – $1,0001.80%$3.60 – $18

Fees accurate as of November, 2021.
Sometimes you can save on fees by buying a bit more cryptocurrency. For instance, you’ll pay less in fees to buy $200 in crypto than you would to buy $199. Consider making one larger purchase to save on fees instead of many smaller purchases, if possible.

Supported cryptocurrencies

Although PayPal may add support for more cryptocurrencies in the future, currently only four are supported.

How to sell cryptocurrency on PayPal

Because PayPal doesn’t allow you to import or export cryptocurrency private keys, like you can do with a hardware wallet, you’ll only be able to sell crypto bought through PayPal.

To sell cryptocurrency:

  1. Click on the cryptocurrency section of your account. This section can be found from the homepage and may have different names, including Curious about crypto?, Learn more about crypto and Buy Bitcoin and more. Alternatively, you can visit to access this page.
  2. Select the cryptocurrency you want to sell. Your options include Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
  3. Click sell. If this is your sale, you’ll need to confirm some tax information for your account.
  4. Choose sale amount. You can only sell cryptocurrency that you bought through PayPal.
  5. Review and sell. Look over the details of your sale and click Sell Now to complete your sale.

Bottom line

It’s possible to buy bitcoin with PayPal if you have a US PayPal account, but the high fees involved and shortage of platforms that accept PayPal payments means that there are other more cost-effective and convenient options available.

Rather than funding your PayPal account from your credit card and then using that balance to buy crypto, you could use a platform that allows you to buy crypto directly with your credit card.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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