Bitcoin is the talk of the town these days. The demand for Bitcoin has considerably increased due to the recent Bitcoin halving. Because of these people are looking for ways to but Bitcoin.
Many people have a PayPal account but don’t know how to buy Bitcoin with it. In this post, we will show you how to buy Bitcoin with PayPal and how to convert money in paypal to bitcoin
Ways to buy Bitcoin with PayPal:
Here are some ways by which you can buy Bitcoin with your PayPal account.
Buying Bitcoin through eToro: Etoro is a popular Trading platform. You cannot directly purchase Bitcoin using PayPal. You need a medium. You can buy Bitcoin from eToro trading platform.
Here you can only invest in Bitcoin, not actually own. It is like trading. You can purchase Bitcoin through PayPal but cannot resell it. You can only sell it in exchange for fiat currency. They charge relatively low fees.
Follow these steps to buy Bitcoin through eToro using PayPal.
- Create an account with eToro
- Verify the account
- Deposit funds using PayPal option
- Go to the trading page and buy Bitcoin with the funds.
- Buying Bitcoin through Paxful:
Paxful is a market place where buyers and seller come together to trade. Here you can actually own the Bitcoin by purchasing it from another seller.
You can easily buy Bitcoin from Paxful without any verification with PayPal. There is a risk of scams here, so it is banned in many countries.
Follow these steps to buy Bitcoin through Paxful using PayPal:
- Create a Paxful account
- Choose PayPal method for payment
- Select a Seller
- Start trade
- Chat and prepare an agreement for trading
- Once the payment is made, Bitcoin will be transferred in the wallet.
- Buying Bitcoin through LocalBitcoins:
It is one of the best option to buy Bitcoin using PayPal. It is a market place which connects various buyers and sellers. They can trade with each other to buy and sell Bitcoin.
It is acceptable worldwide. You can get Bitcoin really fast with LocalBitcoins. It is costly than other ways because the sellers charge a premium. In premium, they are protected from chargebacks files on PayPal. You need to check the credibility of the seller before engaging in the trade.
Follow these steps to buy Bitcoin through LocalBitcoins using PayPal:
- Create LocalBitcoins account
- Create and verify your profile
- Search parameters
- Find seller
- Make PayPal payment
- Wait to receive Bitcoin
- Get Bitcoin
- Buying Bitcoin through xCoins:
xCoins is a Bitcoin lender. You can loan Bitcoin through it using PayPal. You have to go to the site to get the coins. They will match you with lenders. After your verification is done you have to make payment.
The total cost includes actual price, processing fees, and fixed interest amount. The fees they charge are really high.
Follow these steps to buy Bitcoin through xCoins using PayPal:
- CreatexCoins account
- Choose the amount of Bitcoin
- Loan Agreement
- Identity verification
- Get Bitcoin
So if you have a PayPal account and looking forward to buying Bitcoin with paypal, you can use any of the following ways. For visit home