Bitcoin is the most popular and high-profit cryptocurrency. In this Immediate Edge, almost everyone wants to buy this cryptocurrency. Earlier it was a bit tricky but now you can directly buy Bitcoin with PayPal. For this there are several options available, some of these are given below. So, without thinking much. Let’s get directly into the ways through which you can Bitcoin with PayPal.
Use these steps to buy Bitcoin with PayPal:
You can buy Bitcoin with PayPal but it has some limitations. In 2020, PayPal announced that all US-based customers can buy Bitcoin with PayPal. To buy Bitcoin with PayPal, you need an account on PayPal. If you don’t have one, first set up an account using your credit card or bank account.
After setting up the account, you can either use the PayPal website or app to buy Bitcoin. Both have similar features and steps. Now, select “Buy Bitcoin and more” on the screen, and select Bitcoin from the list of cryptocurrencies. Now, tap on the “buy” option to fill the desired amount of Bitcoin you want to buy. Now complete the process by agreeing with the terms and conditions.
By following these above-mentioned steps, you can directly buy Bitcoin with PayPal through the app or website. There are some other ways to buy Bitcoin with PayPal. Take a look at these options.
Some other websites which allow buying Bitcoin with PayPal
You can also buy Bitcoin with PayPal through other websites. These websites allow users to use PayPal as a payment method to Buy Bitcoins.
When it comes to crypto exchange platforms, Coinbase is one of the most trusted. Now, you can buy Bitcoin with PayPal through Coinbase. The use is limited and expensive as Coinbase doesn’t allow direct purchase of Bitcoin with PayPal. For this, you can use your debit card/credit card linked with your PayPal account. You can make payments up to $25, 000 daily this way.
To make a purchase using a debit card, Coinbase charges 4% of each trade whereas, in bank deposits through PayPal, we only pay 2.5%. This simply means buying Bitcoins with PayPal through Coinbase is expensive and charges more.
Local Bitcoins is a platform where many buyers and sellers are registered. Here, sellers and buyers connect directly. If you don’t like dealing with real people, this platform is not for you. You will also need to find credible sellers to buy.
On LocalBitcoins, sellers usually take payments through PayPal. They also charge some higher fees in comparison to other exchanges. But, you will get your Bitcoins sooner than others. This platform has a wide variety of sellers from all around the world.
If you are looking for the easiest way to buy Bitcoin with PayPal, this is the right platform. You can very easily buy Bitcoin but to withdraw these into a wallet, you need some extra effort. It takes a lot of time and some extensive steps to withdraw Bitcoins into a wallet. eToro is best suited to benefit from price swings instead of buying real coins.
This is the easiest and cheapest way to speculate on Bitcoin’s prices. But if you want to buy a real coin and withdraw it from your wallet. You can do the same but with a different process.
This platform also works like LocalBitcoins where sellers from all over the world are listed. You can buy from any of them. This platform also has a feature where after understanding your needs, they suggest a seller. After the initiation of trade, you will transfer to an online chat. Here, you can chat directly with the seller to finalize your deal.
If by chance, you cannot make the deal within 30 minutes. The deal will be automatically closed. To start with Paxful, you need to make an account. After verifying your identity. You can start buying Bitcoins. When choosing a payment method, you can choose the PayPal method.
Xcoins is a viable platform to buy Bitcoin with PayPal. This has been in the business for a long time but this platform does not have a good business model. Buying and selling through this platform could be confusing and expensive. Here, you meet directly with sellers to buy. This makes it a very expensive option to buy Bitcoin with PayPal.