#8 of 115 in the US ranking · Broker / app

PayPal Review (October 2026): Fees, US States and Licenses

Best for: Existing PayPal users

7.2/10

US access 20%9.0
Regulation 20%6.5
Security record 15%5.7
Cost 15%5.0
Range 10%5.0
Popularity 15%10.0
Data quality 5%10.0

By Vahe Hakobyan Verified October 5, 2026 High confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New YorkYes
Coins7
CustodyCustodial
App Store4.8 ★ · 6.3M

Our verdict

PayPal lets US account holders buy, sell, hold and transfer Bitcoin, Ether, Litecoin, Bitcoin Cash, Solana, Chainlink and its PYUSD stablecoin. Since May 19, 2026 the service is provided by PayPal Digital, Inc., a New York limited purpose trust company, with custody and trading performed by Paxos Trust Company, N.A. Fees run from 2.20% to 1.50% by order size, plus a spread.

Pros

Transfers to external wallets are supported
No fee to buy or sell PYUSD
Provider is a New York-chartered limited purpose trust company

Cons

Fees of 1.50% to 2.20% plus a spread
Small selection: seven assets named in the terms
One-step transfers to external wallets cost an extra 1%

PayPal fees

Maker / taker: — Not verified
Simple buy: 2.20% for $1.00-$74.99, 2.00% for $75-$200, 1.80% for $200.01-$1,000 and 1.50% above $1,000, plus a spread included in the exchange rate; no fee for PYUSD
Volume tiers: Fee page last updated May 19, 2026; the tiers apply to buying and selling.
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network fee, paid in the crypto sent; no fee to receive crypto
Other fees: One-step purchase and transfer to an external wallet: the transaction fee plus 1% of the USD value (1.5% for PYUSD)
Minimum deposit: $1

Is PayPal available in my state?

US PayPal customers can buy, sell, hold and transfer crypto; under terms last updated May 19, 2026 the service is provided by PayPal Digital, Inc., a New York limited purpose trust company.

The list of states this platform serves is not verified yet.

Crypto FAQ says customers in the US and US territories can transact in crypto; no excluded state is named (the former Hawaii exclusion no longer appears).

New York: Yes
ID check (KYC): Yes
Withdraw crypto: Yes
Funding: Crypto

Is PayPal regulated?

NMLS 2610315
BitLicense + NY trust
Bank charter
NASDAQ: PYPL

US operator: PayPal Digital, Inc. (crypto services since May 19, 2026); PayPal, Inc. (payments)
Parent company: PayPal Holdings, Inc. (NASDAQ: PYPL)
State licenses: NYDFS lists PayPal Digital, Inc. (limited purpose trust charter) and PayPal, Inc. (virtual currency and money transmitter licenses). PayPal, Inc. is a licensed money transmitter (NMLS ID 910457).
New York license: Both
Bank charter: New York limited purpose trust company (PayPal Digital, Inc.)
Other: Custody, trading and transfer services are performed by Paxos Trust Company, N.A., which also issues and custodies PYUSD.
Founded: 1998
Headquarters: San Jose, CA, USA

How secure is PayPal?

Proof of reserves: — Not verified
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

2023otherThe SEC opened an investigation in 2023 relating to the PYUSD stablecoin issued with Paxos, per Wikipedia.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on PayPal

Spot
Earn
Tax documents

Crypto (BTC, ETH, LTC, BCH, PYUSD) can be sold at checkout to pay merchants. The earn_yield flag refers to the PYUSD rewards rate; no staking is described on the crypto page.

Apps: Web, iOS, Android
Support: Help center

PayPal FAQ

Can New York residents use PayPal?

Yes. PayPal accepts New York residents.

What are PayPal's fees?

Simple buy: 2.20% for $1.00-$74.99, 2.00% for $75-$200, 1.80% for $200.01-$1,000 and 1.50% above $1,000, plus a spread included in the exchange rate; no fee for PYUSD.

Is PayPal regulated in the US?

US customers are served by PayPal Digital, Inc. (crypto services since May 19, 2026); PayPal, Inc. (payments). Registrations and licenses on record: NMLS 2610315, BitLicense + NY trust, Bank charter, NASDAQ: PYPL.

Can I withdraw crypto from PayPal to my own wallet?

Yes. PayPal lets US users send crypto to an external wallet.

Does PayPal require ID verification?

Yes. PayPal verifies your identity before you can trade.

How many cryptocurrencies can I trade on PayPal?

About 7 cryptocurrencies are available to US users, per PayPal's official asset list.

Alternatives to PayPal

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.