PayPal is offering some users a $10 reward when they buy $10 worth of crypto through their PayPal account! Check if you’re targeted for this offer. You could double your money in minutes.
Ninja Update 6/7/21: The crypto deal is back through June 25 and this time it’s for $25 instead of $10!
PayPal Buy $25 Crypto Get $25 Reward Offer
Ninja Note: Not a PayPal user yet? Get another $10 bonus for signing up through this link.
PayPal is offering some users a $25 reward when they buy $25 worth of cryptocurrency. This is a YMMV deal – you can check if you’re targeted with the link above.
PayPal charges a 5% transaction fee for crypto transactions so for this deal there’s a 1.25¢ transaction fee on the $25 purchase.
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
- Step 2: Buy $25 or more of crypto with PayPal by 6/30/21
- Step 3: Use your $25 reward by 7/31/21
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 28, 2021 and ends at 11:59 p.m. ET on June 30, 2021.
“Qualifying Transaction Period”: Starts at 12:01 a.m. Eastern Time (“ET”) on April 28, 2021 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 28, 2021 and ends at 11:59 p.m. ET on July 31, 2021.
“Qualifying Transaction(s)”: A Purchase of twenty-five ($25) 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 twenty-five ($25) 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 twenty-five ($25) USD or more; (3) multiple purchases of one coin equaling twenty-five ($25) 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. Rewards are only available to the first 48,000 Eligible Participants to successfully Click and Save the offer during the Qualification Period. Rewards will no longer be awarded once the limit is reached, as determined by PayPal in its sole discretion. 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*.
The Bottom Line
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 essentially doubles my money. This offer requires only $25, so a 5% fee on that base comes out to $1.25.
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.