Can I buy Binance with PayPal?
The short answer is no. PayPal only offers Bitcoin, Ethereum, Litecoin and Bitcoin Cash purchases in their crypto app. They have not announced and future plans to list new tokens, including Binance (BNB), due to lack of regulatory clarity around Proof-of-Stake coins.
How to buy Binance with PayPal
The easiest way to buy Binance tokens with a PayPal account is through a trusted exchange like eToro. They offer fast and cheap USD, EUR, GBP, AUD and other fiat deposits from PayPal to trade BNB and 80 other digital assets. Their platform boasts over 18 million users and is accessible in 120 different countries around the world.
You can get started investing in BNB from PayPal in 4 simple steps:
- Create an account: Sign up to eToro.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen and select 'PayPal'. Follow the prompts to connect your PayPal account.
- Find Binance (BNB): Once the PayPal deposit hits your account, find the Binance token on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the amount you want to invest and execute your trade.
Trading Fees to buy BNB with PayPal
Fortunately, the trading fees to buy Binance with a PayPal account are minimal compared to alternative payment methods like Debit Cards and Credit Cards. At the time of writing, eToro only charges 0.75% in fees to buy Binance tokens, which is half the price of alternative platforms like Coinbase.
About Binance (BNB)
Binance is a global cryptocurrency exchange that provides a platform for trading more than 350 cryptocurrencies. Binance Coin (BNB) is the native cryptocurrency of the Binance platform. It is used to pay fees and can be used as a currency on the Binance DEX (decentralized exchange). BNB coin can also be used to purchase goods and services on the Binance platform.
Binance was founded in 2017 by Changpeng Zhao, who is also the current CEO. Binance is headquartered in Malta but has offices in Taiwan, Japan, and South Korea. Binance has grown rapidly since its launch and is now one of the largest cryptocurrency exchanges in the world.
The exchange offers a variety of features including a highly advanced and user-friendly trading platform, a wide range of trading pairs, and low trading fees. Binance also has its own coin, Binance Coin (BNB), which can be used to pay fees on the Binance platform or traded on the Binance DEX.