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How to Buy Bitcoin with PayPal (Buy Bitcoin on PayPal)Advantages of using PayPal to buy Bitcoin on an exchange can include convenience, as PayPal is a widely accepted payment method. While buying Bitcoin directly through PayPal is possible, better alternatives exist for those who wish to use PayPal as a payment method only. Use the app to buy, transfer, and sell cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and the new PayPal stablecoin, PayPal USD (PYUSD)