PayPal USD (PYUSD) is a stablecoin launched in August 2023. It is a US dollar-pegged stablecoin issued by Paxos and is fully backed by a combination of USD deposits, short-term treasuries, and cash equivalents. Initially, it emerged on Ethereum as an ERC-20 token, but it also expanded to other chains, including Solana.
This allowed it to be listed on Best Wallet – one of the most popular new crypto wallets in 2025 – and enabled the wallet’s users to buy PayPal USD easily.
Best Wallet Adds Support for Solana
Best Wallet is a user-friendly crypto wallet that emerged last year in August. Since then, it has grown to become a go-to wallet for many crypto users around the world. It features an easy-to-use interface, which makes it simple for new users, but it also offers a variety of features that make it helpful to experts.
Best Wallet’s development team is also constantly upgrading it by adding new features and expanding the list of supported tokens by adding support for new blockchain networks. Its goal is to ultimately support over 60 blockchains, which would allow users to buy, sell, and swap thousands of cryptos.
The latest step that the wallet has taken toward achieving this goal was adding support for Solana’s blockchain. Best Wallet enabled support for Solana earlier this month, introducing a number of SOL-based cryptos, with more to come in due time.
PayPal USD coin was among the first Solana cryptos to be listed. Other than that, the new update, known as v2.10, also added support for Bitcoin swaps, and it made swap fees more transparent across the board. Next, it added a new on-ramp provider, full support for the Korean language, and it introduced gamified rewards, which now grant wallet users free points for opening the app daily.
What Else Does Best Wallet Have To Offer?
As mentioned, Best Wallet is intuitive and feature-rich, which is a balance that a lot of other apps have had a very hard time reaching.
Its interface is clean and straightforward, making it easy to navigate. Meanwhile, the wallet itself is a multi-chain, multi-wallet, and non-custodial tool for both storing crypto and managing portfolios.
Thanks to its multi-chain support, it allows users to store cryptocurrencies from multiple blockchains, while being a multi-wallet enables users to connect other wallets to Best and manage their funds, and even entire portfolios from one place.
As for being non-custodial, this means that users hold both public and private keys themselves, so no one – not even the wallet’s developers – can access your funds. This increases the security of the user’s assets and makes Best Wallet a reliable storage, unlike centralized exchanges and wallets.
On top of that, Best Wallet also has an Upcoming Tokens feature, where new, upcoming cryptocurrencies are listed and made available for purchase. This offers an opportunity for users to invest in pre-launch tokens early on, before they hit the market.
How to Buy PayPal USD on Best Wallet?
If you are not a Best Wallet user already, getting it is pretty simple. Being a mobile-only wallet, it is available on both Android and iOS app stores, where you can download and install it with a single tap.
After that, you will have to register, but the wallet doesn’t require KYC or any personal information. All you need to do is provide an email address and think of a password, and that’s it.
Once you set it up, open the app and navigate to the Trade tab at the bottom of the app. When you get there, you will find several options, including Buy, Send, Swap, Receive, and History. The first four options allow you to manage your cryptocurrencies, while History lets you see your past transactions.
Tap the Buy option, and you will see a list of all cryptocurrencies supported by Best Wallet thus far. You can find PayPal USD crypto on the list, or find it by using the search feature. Once you locate it, tap it, and you will be moved to the buy screen, where you can enter your preferred payment method (credit/debit card, e-wallets), decide on the fiat currency you wish to use, the amount you wish to spend, or the amount of PYUSD you wish to buy.
After that, simply tap the Buy PYUSD button, and you will be done.
If you were wondering where to buy PayPal USD on your PC, browser users typically prefer to use MEXC exchange. It also allows you to use it without KYC for simple spot trading, although you will have to complete it for more advanced features and tools. Still, it is a good option if you prefer to trade on your computer, rather than your phone.
Should You Buy PayPal USD Coin?
PayPal USD is a stablecoin designed to contribute to the opportunity stablecoins offer for payments, and it is 100% backed and redeemable 1:1 for US dollars. In other words, that means that the PayPal USD price is, and always will be, equal to the value of the US dollar.
This resistance to the volatility of traditional cryptocurrencies is what made them instrumental in assisting traders who wish to maintain the value of their money when cryptocurrency prices start dropping. They no longer have to cash out; instead, they can simply swap their coins and tokens for PayPal USD crypto and hold it until the prices start rising again, knowing that their wealth will not dissipate as they wait.
This also makes stablecoins more accepted as a payment method among merchants. Thanks to its listing on the Best Wallet app, swapping PYUSD for another cryptocurrency is easy, quick, and safe, even if the other asset comes from a different blockchain. Best of all, you can do it all within the wallet, without having to pay transfer fees to move your funds to another exchange.
Visit Best Wallet
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware our commercial partners may use affiliate programs to generate revenues through the links on this article.
Source: https://en.cryptonomist.ch/2025/08/20/best-way-to-buy-paypal-usd-with-no-kyc-verification-in-2025/