PayPal has slowly begun introducing crypto currencies to their platform, and they have started with Bitcoin, Litecoin, Ethereum, and Bitcoin Cash.

They allow you to purchase these crypto currencies within your PayPal account, hold them, and then sell at a later date for (hopefully) a profit.  

In this article I’m going to show you how to buy and sell crypto currencies with PayPal, but what’s even better is that I’m going to show you how you can potentially obtain these crypto currencies for FREE!

Let’s get started!

Video Companion

Step 1 – Earn 2% Cashback Rewards with PayPal Mastercard

PayPal MasterCard Cashback Rewards

PayPal Cashback MasterCard

  • Apply for a PayPal MasterCard and earn 2% cash back on every purchase.
  • Use the credit card only buy things you were going to buy anyway!
  • Always pay the credit card statement balance in full each month so you never pay interest!
  • Always pay on time so you never pay late fees!
  • Over time you will build up a nice balance of cashback rewards.

Step 2 – Redeem Cashback Rewards to PayPal Balance

PayPal Account Dashboard - MasterCard

Log in to your PayPal account and click to view your MasterCard dashboard.

PayPal MasterCard Cashback Rewards Balance

Review your cash rewards balance and click the Manage Rewards button.

PayPal MasterCard Redeem Cashback Rewards

Enter the amount you would like to redeem and click the Redeem button.

PayPal MasterCard Cashback Reward Redeemed Balance

You will now see the redeemed cash available in your PayPal account.  Free cash to buy crypto with!

Step 3 – Buy Crypto Currencies

PayPal Account Crypto Dashboard Icon

From your PayPal account dashboard, click the Crypto icon to view the Crypto dashboard.

PayPal Crypto Bitcoin Buy Button

Click the buy button next to the crypto currency you would like to purchase.

PayPal Crypto Bitcoin Buy Dashboard

Click one of the pre-filled buttons for the amount you would like to purchase, or click the Buy button to enter a custom value.

PayPal Crypto Buy Bitcoin Funding Method

Choose the PayPal Balance to use the cash rewards we claimed in step 1.  Alternatively, choose any method you would like to use.

PayPal Crypto Review Purchase Transaction Details

Review the details of the crypto currency purchase transaction you are about to complete.  Click Buy Now when you are ready.

PayPal Crypto Buy Bitcoin Purchase Complete

Woohoo!  Your PayPal crypto currency purchase is complete!

Step 4 – Sell Crypto Currencies

PayPal Crypto Buy Sell Button

From your PayPal Crypto dashboard, click the Buy / Sell button next to the crypto currency you are selling, and follow the prompts to complete the sale.

PayPal Crypto Sale Transaction Log

Review your PayPal Crypto activity log for the new balance in your account, and optionally transfer to your bank account.