PayPal reintroduces Cryptocurrency Services, delivering seamless and responsible experiences to UK users
LONDON, 17 November, 2025 - PayPal today announced the reintroduction of cryptocurrency functionality in the UK, allowing eligible consumers to buy, hold, and sell cryptocurrencies directly through PayPal1.
PayPal customers in the UK can choose from Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Solana, Chainlink and PayPal USD (PYUSD), a stablecoin2 that is designed to maintain a 1:1 value with the US dollar. By accessing their PayPal account via the mobile app or website, consumers can view real-time crypto prices, explore educational materials, and learn more about how cryptocurrencies work - including the opportunities and risks.
Reintroducing Crypto Access Through a Trusted, Familiar Platform
PayPal’s cryptocurrency service in the UK allows users to explore cryptocurrency in an environment they trust and are familiar with, reinforcing the company’s goal to make digital financial tools more accessible, easy to use, and transparent .
Existing consumers can buy, sell, and hold cryptocurrency using their PayPal balance, a linked bank account, or a debit card.
Building Awareness Through Education
PayPal continues to provide account holders with educational content to help them understand the cryptocurrency ecosystem, the volatility, risks, and opportunities related to purchasing crypto. PayPal encourages its customers to do their research on the risks and opportunities for various cryptocurrencies before choosing to buy, hold and sell cryptocurrency with PayPal.
Starting today, eligible UK consumers can access PayPal’s cryptocurrency functionality on web and iOS, with Android support coming soon. To learn more about PayPal’s crypto services in the UK, visit www.paypal.com/uk/crypto.
1This announcement contains "forward-looking" statements. Forward-looking statements and information relate to future events and future performance and reflect, among other things, PayPal's plans with respect to its cryptocurrency initiatives. Forward looking statements may be identified by words such as "seek", "believe", "plan", "estimate", "anticipate", "expect", "project", "forecast", or intend", and statements that an event or result "may"" "will", "should", "could", or "might" occur or be achieved and any other similar expressions.
Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made.
The forward-looking statements contained in this announcement speak only as of the date hereof. PayPal expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. You can buy, sell and hold cryptocurrency with PayPal, but you can’t send it to other people or to wallets outside PayPal. You’re responsible for working out any taxes on your crypto transactions. You’ll find more in the PayPal Cryptocurrency Terms. Availability of crypto services is subject to PayPal’s eligibility checks, risk warnings and appropriateness assessments, along with all other FCA requirements.
2PayPal USD (PYUSD) is issued and held in custody by Paxos Trust Company, LLC and is subject to the Paxos terms.
3Crypto is high risk. The value can go up or down quickly, and you could lose all the money you invest. Crypto isn’t protected if things go wrong. PayPal’s Guide to Understanding Cryptoassets in the UK.
About PayPal USD (PYUSD)
PayPal USD is issued by Paxos Trust Company, LLC, a limited purpose trust company. Paxos is licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Reserves for PayPal USD are fully backed by U.S. dollar deposits, U.S. Treasuries and similar cash equivalents, and PayPal USD can be bought or sold through PayPal in pounds sterling or other currencies at a rate of $1.00 per PayPal USD, which may require a currency conversion.
About PayPal
PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit www.paypal.com/uk.
PayPal UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) as an electronic money institution (firm reference number 994790) and; in relation to its regulated consumer credit activities (firm reference number 996405); and is registered with the FCA for the provision of cryptocurrency cryptoasset services (firm reference number 1000741). Some products and services, such as PayPal Pay in 3 and PayPal Working Capital, are not regulated by the FCA and may offer a lower level of protection. Please read product terms for further details. PayPal UK Ltd's company number is 14741686. Its registered office is 5 Fleet Place, London, United Kingdom, EC4M 7RD.
Media Contacts
Matt Crowhurst - mcrowhurst@paypal.com