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Should You Buy Bitcoin with PayPal?You can buy Crypto with your PayPal balance, a PayPal-linked debit card, or bank account. Here's how to buy cryptocurrency with PayPal on the web: Click. This new feature makes it quick and easy to pay for your online purchases with cryptocurrency. PayPal users will be able to use digital currency. PayPal supports the transfer of cryptocurrencies between PayPal, Venmo, and other wallets and exchanges.