[Expired] [YMMV] PayPal: Buy $25 In Cryptocurrency & Get $25 Reward

Deal has ended, view more PayPal deals by clicking here.

Update 11/8/21: More people targeted.

Update 10/10/21: Deal is back and valid until December 25, 2021

Update 7/15/21: Deal is back and valid until September 25, 2021.

The Offer

Direct link to offer

  • PayPal is offering a reward of $25 when you purchase $25 in Cryptocurrency

Our Verdict

I’m sure the crypto rates PayPal offers aren’t great, but considering this is buy $10 and get $10 it should still be worth doing. Previously there was a deal where you could get $25, but that required spending $100. (looks like that is available again as well).

Post history:

  • Update 6/1/21: Deal is back and valid until 6/25/2021.
  • Update 5/4/21: Deal is back again. Valid 11:59 p.m. ET on May 26, 2021.
  • Update 3/5/21: Deal is back again. Valid 12:01 a.m. Eastern Time (“ET”) on March 1, 2021 and ends at 11:59 p.m. ET on March 27, 2021
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Alex - big_deals🔗
Alex - big_deals🔗 (@guest_1281474)
November 10, 2021 21:23

got offer. How long did you wait before bonus got posted?

Alex - big_deals🔗
Alex - big_deals🔗 (@guest_1281483)
November 10, 2021 21:43

received email:
You’ve received a $25.00 USD Reward.
This reward will be automatically applied to your next eligible purchase when you checkout with PayPal. Once redeemed, your Reward will be reflected on your PayPal receipt or in your PayPal transaction details. Thanks again for being a great PayPal customer.

Alex - big_deals🔗
Alex - big_deals🔗 (@guest_1281485)
November 10, 2021 21:45

any ideas how to spend it?

david
david (@guest_1281823)
November 11, 2021 16:29

I am also clueless. They don’t make it clear. “WE’LL AUTOMATICALLY APPLY YOUR DISCOUNT!” HAHHAHA

P
P (@guest_1283249)
November 14, 2021 17:42

It shows up when you checkout with PayPal. Just buy a gift card from PayPal’s store.

Mythrol
Mythrol (@guest_1280992)
November 10, 2021 09:42

I’m already super deep into crypto so no worries about not wanting the IRS to know. I’m reporting everything. So this was an easy $25 for me. They don’t even require you to confirm your information if you’re just purchasing. It’s only when you go to sell it. I’m just going to let this BTC sit there and chill and probably never sell it. Basically free BTC.

86
86 (@guest_1280074)
November 8, 2021 23:46

“We’re sorry, you’re not eligible for this offer.”

P
P (@guest_1279903)
November 8, 2021 17:26

Maybe on the next crypto price dip

lilurbanachiever
lilurbanachiever (@guest_1279879)
November 8, 2021 16:53

I got it, but I do not want to deal with the potential increase in audit probability with IRS. Not for 25 bucks.

p
p (@guest_1279896)
November 8, 2021 17:23

As long as you don’t sell it, there is no tax issue.

Jay
Jay (@guest_1279928)
November 8, 2021 17:57
  p

Once you’ve gotten the matching $25 or BTC equivalent that’s income. However a potential rise of BTC and sale would be a capital gain on the $25 basis.

Edward
Edward (@guest_1279973)
November 8, 2021 19:05

I do not think that you are correct in this situation because of how they give the $25 reward. When you purchase the crypto with Paypal they are not giving you cash income (or deposit into your Paypal account) in exchange or a discount on the purchase, they give you a coupon/discount on a future purchase. Have you ever paid income tax on coupons/discounts that you have received? Not financial advice and I’m not a tax advisor but receiving a coupon towards a future purchase is not the same thing as receiving a discount on your initial purchase. I think it would lower the cost-basis of whatever you purchase with the coupon/discount.

lilurbanachiever
lilurbanachiever (@guest_1280046)
November 8, 2021 22:38

It’s not the $25 paypal bonus I care about, it’s the check on the 1040 form about buying or selling crypto when filing taxes. When I feel like speculating on crypto, I prefer to buy crypto stocks.

Edward
Edward (@guest_1280106)
November 9, 2021 02:20

Yes, I was addressing Jay’s comment in the response above. I addressed your comment in the response below. Of course if your have some fear about buying crypto and the IRS then it would not make sense for you to participate in a crypto deal. Many millions of people in the US own/trade crypto and report it on their tax filings, it is the ones who do not check the box but trade crypto that they are concerned about, not the ones who do check the box and report. Audits are sometimes done randomly, but often are triggered due to consistencies in what you report on your filing and transaction/income reports they receive from banks/businesses. So if you do the deal, be sure to report your crypto trade(s) to the IRS…not rocket science.

Edward
Edward (@guest_1279975)
November 8, 2021 19:12

Just fyi Paypal appears to only confirm information for the IRS when you go to sell the crypto not when you buy. I am not really concerned about being audited since I report everything (I think the people being targeted are those who say they do not have crypto but IRS receive notice that you did trade crypto, or just who fail to report some source of income in general), I think for most people the bigger concern is appropriately reporting the crypto trade on your Schedule D. Not financial advice and I could understand why somebody who does not otherwise deal with crypto would not want to have to report just one trade.

Dan
Dan (@guest_1279876)
November 8, 2021 16:48

I got the same $25 offer on Bakkt today

Jeff
Jeff (@guest_1279874)
November 8, 2021 16:47

Not eligible. Just another reason to hate PP.

Mike
Mike (@guest_1268036)
October 16, 2021 16:59

I did the offer and got the $25 credit almost instantly.
How can I redeem this credit? Do I have to buy a GC in the Paypal platform?
Or can it be applied to any purchase using paypal as a payment method?

ieatdogfood
ieatdogfood (@guest_1268840)
October 18, 2021 22:30

You will see it applied in PayPal checkout.

Joseph
Joseph (@guest_1267424)
October 15, 2021 09:48

“Something’s not right. Please try again later.” I’ve gotten this message for a couple of days. I see the offer on my personal landing page so I should be eligible. Did I already add it the offer and not realize it? Is there a way to check somewhere?

A _ P
A _ P (@guest_1271676)
October 23, 2021 18:00

I got the same error message for like a week, after a week, it’s activated as of now.

Rich W.
Rich W. (@guest_1265605)
October 12, 2021 15:14

Not eligible, but did see a $10 referral offer with a friend’s $5 crypto purchase. I’m too bitter at not getting the $25 offer to play this game though:

“Invite a friend and you can earn $10 cash. When your friends use your link to buy their first $5 of crypto, you can both earn $10 each. Up to $50 in total.” https://www.paypal.com/us/webapps/mpp/crypto/invite