Buy Bitcoin PayPal? How possible is that? Well, that’s very much possible, to learn, read on. PayPal is actually a worldwide payment method that is used for buying and selling bitcoin in huge amounts. However, you can purchase bitcoin directly from PayPal, but you can use PayPal in conjunction with bitcoin trading platforms or peer-to-peer marketplace like Paxful, Etoro.
In other words, you can use a trading platform or peer-to-peer marketplace for buying bitcoin with PayPal. It could be stressful or hard to find a means of buying with PayPal, and that’s why I have put a list of some platforms and peer-to-peer marketplace that you can use.
Check Out: How to Buy Bitcoin – A Detailed Guide On How To Buy BTC
Buy Bitcoin PayPal
Getting Bitcoin using PayPal can be hard as I said above, however, with the right tools, you can easily get it done. There are platform or rather peer-to-peer marketplace apps or software that you can use for buying bitcoin using PayPal.
Well, if you have to my guide today in hope of getting the answer on what to use for buying, then I want to tell you that you won’t be disappointed. All you have to do right now is to hold tight and read on. In this guide, will be giving explanations on some of the well-known bitcoin platforms to use. Now, before moving on, let’s answer some questions.
Can You Buy Bitcoin With PayPal?
Oh, well the answer to that question is yes. So you don’t have to worry much about that. However, there’s no direct method of making PayPal buy bitcoin since the transactions carried out are not reversible. All you need to do is to find reliable trading platforms or a marketplace that allows users to buy bitcoin using PayPal.
What is a Trading Platform and Peer to Peer Marketplace?
A trading platform is a place where individuals can sell and buy bitcoin and other cryptos. Have in mind that most brokers do not accept PayPal deposits, However, there are still plenty of brokers that accept PayPal. A perfect trading platform to use is Etoro. Then Peer to peer marketplaces are platforms that connect sellers with interested buyers and allow them to trade directly with one another. Most people don’t accept the PayPal method, but there are plenty of people that accept. A good example is Paxful.
How Can I Buy Bitcoin With PayPal
If this is something you’re bothered about, then you need not worry because I will be sharing three ways you can buy bitcoin using PayPal. The four ways to buy bitcoin includes;
Etoro is one of the best platforms to use for buying bitcoin with PayPal, however, it is not worldwide. It is actually the easiest way to use it. Etoro is a multi-asset platform that offers both investing in stocks and cryptos, and also trading CFD assets.
However, you should keep in mind that CFD are complex instruments and they come with a high risk of losing money due to their leverage. Using Etoro, you accept deposits in USD, EUR, GBP, JPY, AUD, CNH, and also CAD. Etoro has a diverse selection of marketplace, excellent reputation, great user interface, low fees, and good customer support.
But bitcoins can only be withdrawn in the form of fiat currency. It is still a great choice or way of buying bitcoin using PayPal. It is actually the best option for individuals that only profit from bitcoin’s price volatility.
How to Use Etoro
To use Etoro for buying bitcoin using PayPal, follow the guides below;
- Start by creating an account with the platform.
- Then verify it and enable multi-factor authentication.
- Click on the “Deposit” tab and select Deposit funds.
- Then select PayPal as the payment method.
- Enter the deposit amount and log in to your PayPal account to complete.
Once the account is credited, head to the trading page.
Paxful is one of the biggest peers to peer bitcoin wallet marketplaces with different payment methods. So that means the Payment with PayPal option is there too. It gives vendors the ability to create offers in any currency. Also, it is quite similar to LocalBitcoin and uses an escrow system for buyers and sellers to trade their currencies safely. Buying bitcoin with PayPal doesn’t require much verification.
How to Use Paxful
Here’s how you can use Paxful;
- Create a Paxful account using paxful.com and then choose PayPal as the desired payment method.
- Then indicate the desired amount you want.
- Choose a seller or you allow Paxful to select one for you.
- Then, initiate the trade.
- After that, both buyer and seller will chat about where the trade agreement processes into an escrow.
That is how you use Paxful to buy bitcoin with PayPal.
Just Paxful, XCoins is a peer-to-peer lending platform from which users or buyers can buy bitcoins from those that are selling. It is simple to start and serves as a fast way to acquire bitcoins and oh, great for making extra cash to your pocket. However, XCoins fees are incurred and have a low transaction limit for those that are new to the platform.
How to Use XCoins
To use XCoins, follow the instructions below;
- Start by creating an account using https://xcoins.io/
- Verify identity and then indicate the number of bitcoins you’d like to buy.
- See a review of the total cost
- Accept or agree to the terms of the loan.
- You will be redirected to the lender’s PayPal page, enter your PayPal account details.
- Then make the payment.
Here’s how you do it.
How do I buy Bitcoins with PayPal instantly?
Unfortunately, buying Bitcoin with PayPal instantly is not always easy. This is because most Bitcoin exchanges and platforms do not support PayPal due to PayPal’s buyer protection policy, which can make it easy for scammers to chargeback or reverse their payments after receiving the Bitcoins.
However, there are a few ways to buy Bitcoins with PayPal, but they may not be instant and may involve extra fees.
One option is to use a peer-to-peer marketplace such as LocalBitcoins or Paxful, which allow you to buy Bitcoins directly from other individuals who accept PayPal as a payment method. However, you should be careful and only trade with reputable and trustworthy sellers.
Another option is to use a cryptocurrency exchange that accepts PayPal, such as eToro or Coinbase. However, these platforms may require you to go through additional verification steps and may charge higher fees for the convenience of using PayPal.
It’s important to note that you should always research and compare different platforms and their fees before buying Bitcoins with PayPal. Additionally, you should always store your Bitcoins in a secure wallet that you control, rather than leaving them on an exchange or marketplace.