PayPal review
Bonus terms
As of November 2, 2026 · paypal.com
- Fee on a $1,000 buy
- $18by bank transfer
- Bank withdrawal time
- Not published
- Coins
- Not published
A $1,000 crypto purchase on PayPal by bank transfer has published fees of $18. That covers a 1.8% fee, plus spread. Hawaii isn't served by PayPal.
- Bank transfer buy of $1,000
- $18 with spread added
- States not served
- Hawaii
- New York NYDFS licence
- Yes paypal.com
3.8/10
- Fees scored 0.0 out of 10, with a 30% weight
- Availability scored 8.3 out of 10, with a 20% weight
- Security and licences scored 3.0 out of 10, with a 20% weight
- Products scored 1.0 out of 10, with a 15% weight
- App ratings scored 9.0 out of 10, with a 15% weight
We earn a commission if you open an account through our links. It does not change the fees you pay or our score.
Open a PayPal accountPayPal fees listed in dollars
Each fee listed in the PayPal table links to its source page on PayPal. The worked example totals them for $1,000.
| Fee | Rate | Source | Read on |
|---|---|---|---|
| Simple buy fee | 2.2% | paypal.com | November 2, 2026 |
| How the simple buy fee is set | Based on USD amount: 2.20% ($1-74.99), then 2.00% ($75-200), then 1.80% ($200.01-1,000), and 1.50% (over $1,000), plus spread | paypal.com | November 2, 2026 |
| Spread | An estimated 1.00% spread is included in the exchange rate; it may be higher or lower, and disclosure for each trade isn't provided | paypal.com | November 2, 2026 |
| Bitcoin withdrawal | A varying network fee is paid in the crypto sent; no fee applies when transferring to other PayPal/Venmo crypto accounts | paypal.com | November 2, 2026 |
How much $1,000 costs on PayPal
We use the same $1,000 for every payment or payout method; if you see a dash, PayPal publishes no number for that method.
| What you do with $1,000 | You pay | How it is charged |
|---|---|---|
| Buy by bank transfer (ACH) | $18 | 1.8% fee, plus spread |
| Buy with PayPal | $18 | 1.8% fee, plus spread |
| Send Bitcoin to a wallet | – | Network fee shown before you send |
The PayPal fees page lists all PayPal fees and includes a calculator for your own amount.
Where PayPal is available
Hawaii isn't served by PayPal, while New York residents can use it.
Taking money out of PayPal
On the pages we read, PayPal doesn't publish a bank withdrawal fee or time. PayPal's hold rule means Crypto bought using a bank transfer may need multiple days to clear before it can be transferred. Debit-card purchases are transferable instantly.
The PayPal withdrawal guide covers withdrawal times, limits and what to do when one is stuck.
Who operates PayPal and its licences
PayPal Digital, Inc. runs PayPal's US business.
PayPal has a New York licence or charter issued by NYDFS.
You can see PayPal's state licences listed on its licences page.
Security at PayPal
On the pages we read, PayPal doesn't publish any proof-of-reserves attestation.
PayPal on custody: Paxos Trust Company, N.A. handles custody, trading and transfer (cold storage not stated).
Ratings for the PayPal app
On the App Store, PayPal has a 4.8 out of 5 rating from 6,299,060 ratings. Its Google Play rating is 4.2 from 3,740,000 ratings.
Start a PayPal account
To open a PayPal account, you need identity information. PayPal may ask for a photo ID issued by the government, proof of residency, or a face/biometric picture.
You must be 18 or older to open a PayPal account.
PayPal advantages and disadvantages
Pros
- NYDFS licenses PayPal and is the strictest US state regulator for crypto.
- The iPhone version of PayPal's app has a rating of 4.8 out of 5.
Cons
- A $1,000 bank-transfer buy costs more on PayPal than on most US exchanges ($18).
- PayPal doesn't serve Hawaii.
- A spread that PayPal doesn't publish is included in PayPal's simple buy price.
- PayPal doesn't offer an advanced trading screen with lower fees.
PayPal compared with
Read side-by-side comparisons of PayPal and the exchanges that people most often compare it with.
Learn more about PayPal
Common questions
Can you use PayPal in every US state?
PayPal doesn't serve Hawaii.
How much time does a PayPal bank withdrawal take?
On the pages we read, PayPal doesn't publish a bank withdrawal fee or timing.
Does PayPal provide a 1099 form?
Yes. From tax year 2025 onward, PayPal issues Form 1099-DA by February 15. It also issues 1099-MISC for crypto rewards over the threshold.