There seems to be a lot of misinformation out there about exchanges that accept PayPal. Almost all of them avoid doing so due to charge back capabilities. It is an added risk for the exchange that they usually just avoid. None the less I found two good options for you.
Best PayPal crypto exchanges
eToro: Best Overall for PayPal purchases
eToro allows their customers to deposit funds into their eToro account using PayPal and then facilitates buying, selling and trading cryptocurrencies. eToro typically supports around 15 of the most popular cryptocurrencies depending on what geo your in, it will fluctuate between 14 and 17. eToro does not charge any trading fees but rather build their fee into the spread (the spread is the difference between the buy and sell price), this creates a simple what you see is what you get situation which is very user friendly. Overall eToro is a very easy to use platform, we even wrote a guide on how to buy bitcoin using eToro where you can see the steps.
What I really like about eToro is the community style platform they have created, you will have access to a newsfeed where you can read updates from popular traders/investors who share their insights. eToro also gives you the ability to copy popular traders move-for-move which will automate your investment strategy.
Paxful: Best peer to peer PayPal purchases
Paxful is a peer to peer cryptocurrency platform that matches people who want to buy with people who want to sell.
You can see in the screenshot above that people are selling bitcoin and accepting payment via PayPal. Paxful acts as an escrow service in this case, so you transfer the money to Paxful and they act as the middle man, only releasing the funds when the crypto is transferred to you.
Its a pretty cool service but there are a few drawbacks, Paxful only support Bitcoin and Ethereum which is a tiny range of coins compared to eToro. The fees you will have to pay to receive the bitcoin via the blockchain plus the escrow fees will likely be higher than simply using a broker (although this varies).
Overall I would recommend using eToro for a PayPal transaction, if you goal is to do serious trading then neither of these is an ideal solution but the easiest thing to do is to buy with Paxful and then transfer to your Binance wallet and begin trading from there. You may have heard that Coinbase accepts PayPal which is true but only for withdrawals which is a bit misleading.
If your goal is just to buy a few cryptos and hold on to them for a while (HODL), then etoro is a fine solution. If our two options are not enough and you're willing to venture outside of PayPal then read our top US based crypto exchanges list. If you have any questions feel free to leave a comment below.