PayPal is offering some users a $25 reward when they buy $100 worth of crypto through their PayPal account! Check if you’re targeted for this offer.
Ninja Update 4/28/22: New targeted offer is get $25 in free crypto after a $100 crypto purchase (previous offer was $25 reward for $25 crypto purchase).
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PayPal Buy $25 Crypto Get $100 Reward Offer
PayPal is offering some users a $25 reward when they buy $100 worth of cryptocurrency. This is a YMMV deal – you can check if you’re targeted with the link below:
PayPal charges a 5% transaction fee for crypto transactions so for this deal there’s a $5 transaction fee on the $100 purchase.
Ninja Note: Not a PayPal user yet? Get another $10 bonus for signing up through this link.
How To Get $25 Reward
Follow these 3 steps to get the $25 reward offer from PayPal:
- Step 1: Save offer to your account during the qualification period through 6/25/22
- Step 2: Buy $100 or more of crypto with PayPal by 6/30/22
- Step 3: Use your $25 reward by 7/10/22
Crypto Incentive Terms & Conditions
“Eligible Participant”: Open only to residents of any one (1) of the forty-eight (48) United States, Alaska or the District of Columbia who: (1) are eighteen (18) years of age or older; and (2) are holders of a U.S. PayPal Cash and PayPal Cash Plus account in good standing (“Valid Account”) during the Qualification Period (defined below) and through the Reward fulfillment; and (3) receive an authorized email containing the invitation to participate in the offer (eligibility for/those who receive such an email will be determined solely by PayPal). Residents of Hawaii are not eligible to participate. If you do not have a PayPal Cash, PayPal Cash Plus you may create one.
“Qualification Period”: Starts at 12:01 a.m. Eastern Time (“ET”) on April 20, 2022 and ends at 11:59 p.m. ET on June 25, 2022.
“Qualifying Transaction Period”: Starts at 12:01 a.m. Eastern Time (“ET”) on April 20, 2022 and ends at 11:59 p.m. ET on June 30, 2021.
“Redemption Period”: Starts at 12:01 a.m. Eastern Time (“ET”) on April 20, 2022 and ends at 11:59 p.m. ET on July 10, 2022.
“Qualifying Transaction(s)”: A Purchase of one hundred ($100) U.S. dollars (“USD”) or more of any of the four cryptocurrencies (Bitcoin, Ethereum, Litecoin and Bitcoin Cash) available, using a Valid Account with PayPal during the Qualifying Transaction Period. The one hundred ($100) USD amount must be for a single type of coin in a single transaction. A Qualifying Transaction does not include: (1) purchase(s) of cryptocurrency made on servers other than PayPal; (2) purchase(s) of two or more different types of cryptocurrencies equaling one hundred ($100) USD or more; (3) multiple purchases of one coin equaling one hundred ($100) USD or more; and (4) PayPal transaction fees.
“Reward”: A twenty-five ($25) USD voucher that will be viewable in the “Offers” section of the Eligible Participant’s Valid Account. The offer will be sent to Eligible Participant’s Valid Account within five (5) business days of the of the Qualifying Transaction purchase. There is a limit of one (1) Reward per Valid Account.
“Eligible Purchase(s)”: Purchases made in USD using a Valid Account at U.S. merchants that accept PayPal during the Redemption Period. There is no required minimum spend and must be completed during the Redemption Period. Eligible Purchases do not include: (1) send/receive money transactions (including those marked as a “Goods and Services” payments), (2) charitable donations, (3) purchases made using PayPal.me; (4) PayPal Cash Mastercard®, PayPal Cashback Mastercard®, PayPal Prepaid Mastercard®, PayPal Extras Mastercard®, and PayPal Business Debit Mastercard® purchases made using the card directly and not through your Valid Account, (4) Scan/Pay transactions using PayPal’s QR code functionality; (5) purchases of cryptocurrency with PayPal; and (6) PayPal transaction fees*.
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The Bottom Line
Originally, PayPal offered $10 of free crypto when you spend $10 on crypto. They just increased it to $25.
Venmo also has a $25 crypto promotion with similar terms – details in this post. Might as well take advantage of both deals.
I wouldn’t use PayPal to buy crypto because a 5% transaction fee is high, but I’ll make an exception for a deal that gives you more in crypto than the fee itself. This offer requires $100, so a 5% fee on that base comes out to $5.
Rather than collecting Bitcoin, I’m diversifying my cryptocurrencies a little bit and bought Ethereum. I got the $25 PayPal reward within seconds of completing my purchase.
19 thoughts on “PayPal: Buy $100 In Crypto & Get $25 Reward”
How long do I have to hold the crypto before I get the $25?
I saw my $25 rewards, but one day later, it went away.
Can I didn’t see any transactions about using the reward.
Mine went away too, and they will not honor it.
I don’t understand, did they reactivate this offer? I got a notification sent to my phone today (2021/10/5), but it seems like it’s too late to qualify.
I just did it, will I be able to see the $25 reward in my PayPal balance? Or will there be an option to use the $25 at the point of checkout?
Do you have to use the $25 in one transaction? I remember getting the $25 back but I can’t seem to find where it was added anymore.
So, the $25 is redeemable only via a “pay with PayPal” option at checkout–online only? If I understand terms correctly?
Hey J W – correct, any merchant that accepts PayPal online works, but in-person scan and pay won’t.
5% of $25.00 is not 1.25¢…
Sorry math teacher! I must have typed that at midnight and switch the $ sign for the ¢ one. It’s been corrected. Thanks for keeping me honest!
How do you use the $25 reward? How did you use it?
Hey Chris, you just need to use PayPal anywhere it’s accepted. When I did it, the rewards showed up on my account pretty quickly after the purchase.
So I dont have to actually redeem it to use it? It just automatically gets applied on my next valid purchase? So itd be applied just buying $25 more of crypto through PayPal?
Correct. Once you buy $25 worth of crypto, it will automatically apply the $25 promo on your next valid PayPal purchase. I think when I did it, I got an email confirmation too.
NO. Go back to the top and read #5 under “Eligible Purchase(s)”. “Eligible Purchases do not include: (5) purchases of cryptocurrency with PayPal”.
You CAN purchase more crypto elsewhere though like on Coinbase. They accept PayPal and you’ll get the free $25 right away.
Use this Coinbase coupon / referral code and we’ll both get an extra $10 FREE.
Thanks for calling that out, I didn’t read the exceptions for PayPal crypto purchases!
I bought an Apple e-gift card from Paypal’s own store and the credit applied
Unfortunately currently I’m seeing only an option to buy $20 or $50 worth of bitcoin. 🙁
Click the grey 0.00 right above that to enter any amount you want