10 Steps To Easily Buy Bitcoin With PayPal Without Any Hiccup
As announced back in November 2020, “All eligible US customers can now be able to sell and buy Bitcoin with PayPal accounts” from merchants all around the world.
This is coming after recording the success of the operation in the UK.
Ever since this announcement, lots of users have fancied this method even though not all can actually do it.
This has come as a welcome development among PayPal users, intriguing options.
And right here, we’re going to guide you on how you can easily buy Bitcoin with a PayPal account…
Bitcoin, like we all know is a decentralized digital currency, which encourages peer-to-peer transactions.
Having been invented back in 2008, through the process of mining, full operations of Bitcoin started in 2009.
And ever since then, Bitcoin has always been used as a means of investment irrespective of the fact that it’s not yet recognized as a legal tender by different nations of the world.
As time goes on, Bitcoin transactions have become popular amongst many people all around the world.
And with this, there’s been an adoption of several trading platforms to help facilitate its transactions.
In addition to that, payment companies, including PayPal have now adopted online Bitcoin transactions as well.
That is why we deemed it necessary by providing you with step-by-step method on how to buy Bitcoin with PayPal account.
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How Do You Buy Bitcoin with PayPal?
Using PayPal involves signing up users via the use of their email address. And upon completion of the set up, credit card, debit card, or bank account must be provided in order link with the PayPal account.
This is subject to verification of all information by PayPal before the account can be used.
Now, follow the steps below so as to buy Bitcoin with PayPal:
- In order to buy Bitcoin with PayPal, the first thing you need is a PayPal account. You can go to https://PayPal.com to create an account.
- Go to the PayPal home screen and click on “Payments”.
- Select the “Buy Bitcoin and more” option at the top corner of the page.
- Then select “Bitcoin” from the list of cryptocurrencies to buy.
- Click on “Buy” and enter the amount of your choice (which is minimum of $1 worth of Bitcoin, and maximum of $100,000 per week).
- You’ll then confirm your information, and then agree on PayPal’s Cryptocurrencies Terms and Conditions.
- Confirm the amount again, and click on “Next”.
- As a first-timer, you’ll have to add your card or bank details and then click “Next”.
- Review your purchase and click on “Buy Now”.
- After that, your account will be updated, and you can now see your Bitcoin purchase on the home page located under “Crypto”.
Additional Info – Top Trading Platforms You can Actually Buy Bitcoin with PayPal
Apart from the fact that you can actually buy Bitcoin with a PayPal account directly, it doesn’t fall short of the fact that there are popular trading platforms out there which you can actually buy Bitcoin with PayPal, and they’re as follows:
Coinbase now allows users to buy crypto with PayPal using cards linked to their PayPal wallet. All you need is just to log in > select the cryptocurrency you want to buy > click on the “Add payment” option > then select “PayPal.
With eToro, all you need is just to log into your account > click on “Deposit Funds” > select “PayPal” as your Preferred Payment Method > then select your amount > after that, you can now buy Bitcoin from there.
LocalBitcoins.com, unlike the above-mentioned platforms, is kind of a peer-to-peer online marketplace that match buyers and sellers of crypto directly.
It’s flexible to use because sellers are the ones to set their own exchange rates and payment methods, which includes the PayPal method.
xCoins is another platform that allows the use of PayPal to exchange money for Bitcoins. If you’re a registered user, you can equally borrow or lend Bitcoin.
If you’re borrowing, you’ll have to pay interest to the lender via PayPal, after which Bitcoin will then be transferred between you and the lender once confirmed.
Just like LocalBitcoins.com, Paxful is also a peer-to-peer online marketplace that equally supports the use of PayPal as a means of payment between buyers and sellers of cryptocurrencies.
Paxful also offers a simplified way in which you can be able to convert your PayPal funds to Bitcoin. But you’ll have to first confirm your identity via ID documents, and your photo.
Xtrade has lots of features that excite crypto investors. It has flexible trading conditions, customer support, deposit protection, and regulation, and equally comes with fees.
In order to get started with Xtrade, all you need to do is to register by filling the online form with your email address, name, and password. After that, you can now deposit funds either directly or through PayPal, and then start trading.
Wirex is easy to use and supports the PayPal payment method via Visa debit card. Its user-friendly feature has made purchasing very easy without any commission on crypto trades.
You can simply register with your information and ID document, after which you can deposit funds via your PayPal wallet, and start trading.