How to make instant deposits with PayPal on Bitpanda

Bitpanda offers an instant deposit option using PayPal for users in select countries. This quick guide explains how to use PayPal to deposit funds into your Bitpanda account, ensuring a smooth and efficient transaction.

Availability

PayPal is available as a payment method for users residing in the following countries: 

  • Austria
  • Germany
  • Italy
  • France
  • Sweden
  • Spain
  • Portugal
  • Slovenia
  • Belgium
  • Switzerland

Please note that PayPal deposits will only be accepted from PayPal accounts created in Switzerland and the EEA, excluding Iceland, Croatia, and Hungary. This is to prevent transactions being cancelled due to a country mismatch.

Furthermore, PayPal can be used for transactions in EUR and CHF only.

Steps to Deposit Using PayPal

  1. Log into your Bitpanda account: Start by signing in to your account on Bitpanda.
  2. Initiate a deposit: Click the “Deposit” button located on the dashboard.
  3. Select currency: Navigate to “Cash” and choose the amount you wish to deposit.
  4. Choose PayPal: Select “PayPal” as your payment method.
  5. Authorise payment: You will be automatically redirected to the PayPal interface where you need to log in and authorise the payment.
  6. Completion: After authorisation, you will be redirected back to Bitpanda, and the funds will be credited to your account instantly.

Note: Please make sure your email addresses match. The email address registered with your PayPal account must match the one used for your Bitpanda account. This is crucial for the deposit to be successful.

 

Note: The deposited amount will not be immediately available for withdrawals, but it can be utilised for trades. Withdrawals are only permitted after a 7-day waiting period, after which you can withdraw the amount in cash or cryptocurrency.