You’ll save money on transaction fees and you won’t have to worry about interacting with shady platforms. Node is operated by Voyager Digital, LLC, a wholly owned subsidiary of Voyager Digital Holdings, Inc and Voyager Digital Ltd. Opinions belong to contributing authors, not to Voyager Digital LLC or any of its subsidiaries or affiliates. Please consult your financial adviser or investment adviser regarding your individual financial and investment decisions.

Despite PayPal’s guidelines, it’s still possible to buy Bitcoin with PayPal through a limited number of crypto exchanges. Read more about Ethereum to Dollar here. There are also a large number of websites that falsely claim they accept PayPal for Bitcoin purchases. The majority of these websites are phishing scams, looking to steal credit card info. PayPal’s ban suggests that they have decided not to take on the risk of verifying Bitcoin purchases. PayPal explicitly says that you can’t buy or sell ‘digital goods’ with their service. One of the main reasons that PayPal prohibits the purchase of Bitcoin and other crypto assets is because they can’t adequately verify their delivery. Since Bitcoin isn’t a physical object, it’s very difficult for PayPal to confirm that a transaction has been completed and received by a customer. The best way to safely buy crypto is through a reputable exchange or trading platform like Voyager where you can securely connect your ACH.

Purchasing Through Paypal

Articles on Node are intended for educational purposes only and Bitcoin Exchange should not be construed as investment or tax recommendations.