If you’ve ever wondered on how to buy bitcoin with PayPal, then my friend you’re just at the right place. Because in this article I’m going to explain you in short, the necessary details on how to buy bitcoin with PayPal.
Rumors vs Truth
You might have come across a few articles on the internet or the rumors mentioning that PayPal does no longer provide services to cryptocurrency exchanges and thus you won’t be able to buy bitcoin using your PayPal account.
Well, a part of it is true but not entirely. While there are a number of top exchanges which are denied the services from PayPal, there are also a few new players in the market and a few old exchanges which are unknown to people that they do have PayPal as a payment option in them.
If you use these exchanges, you can be able to buy bitcoin using PayPal very easily.
Should you really buy Bitcoin with a Paypal account or should you stick to the traditional way of using debit/credit cards?
When it comes to buying bitcoin or another cryptocurrency, there is no problem on what service or payment mode you choose to make purchases with.
In general, it doesn’t matter if you use a PayPal account or a debit/credit card to buy bitcoin.
But, the only thing that you should be concerned about more is whether the cryptocurrency exchange provides better security for you bitcoins and the purchases you make, will your wallet be safe in the exchange and also how much service fee do they charge.
All these things are really very necessary when you buy bitcoins. A fully secured exchange with some good security features will keep you out of theft.
There are a number of exchanges from where you can buy bitcoins from, and each exchange has its own service fee. I recommend you go for a top exchange with all security features applied for the safety of your bitcoins plus make sure the service fee is comparatively low.
I’ve seen many exchanges charge hefty service fee while you make purchases, and if you do a lot of trading or buying/selling of cryptocurrency, then it’ll definitely be a loss for you.
How to buy Bitcoin with Paypal
Well, basically the entire procedure of buying bitcoin with PayPal is similar in all the exchanges that I will mention in this article below.
If you do not have a PayPal account, make sure you create one first. Then you need to add your bank account or link your debit/credit card successfully.
Paypal will make two small transactions in your account which you’ll need to check your bank statement and then add the numbers on PayPal settings page to complete the verification.
Usually, the procedure is absolutely easy, and it takes up to 2 to 3 days to verify your account. Once verified you can easily make purchases using your PayPal account.
If you already have a PayPal account linked with your bank account or a debit/credit card then you just need to visit one of the below exchanges that you like and register yourself and then you can begin making purchases.
Now, let me answer the most concerned question “How to Buy Bitcoin With Paypal” by dividing it into two sub-categories.
Top 3 exchanges to buy Bitcoin using your PayPal account
xCoins is a new-comer to the cryptocurrency exchange business. And within this short period of time, xCoins managed to get hundreds of people worldwide to use it on a daily basis. This makes it reliable and is also considered as one of the best option to buy bitcoin using PayPal.
The user interface is neat and clean. For the person who is new to the cryptocurrency world or if he/she is making a purchase for the first time, it won’t be difficult to understand and navigate around the exchange.
xCoins provides its services to more than 40 plus countries. And if you’re among one of these countries you can easily be able to make purchases. Make sure you check out the list of countries on xCoins website to assure your region is provided support.
Wirexapp is widely popular among many regions and comes with an easy to use user interface. It allows you to buy all top cryptocurrency with a few other payment options as well.
The real benefit of using Wirexapp is that it has 6 secured crypto and traditional currency wallets.
The transactions as very fast and if you wish to sell bitcoin or another cryptocurrency in exchange of a traditional currency, you can do it efficiently using Wirexapp.
Cryptonit exchange is around since 2012. With thousands of customers and daily worldwide trades, Cryptonit can be easily reliable for bitcoin purchases and as well as for good security purpose.
The service fee for this exchange is quite low when compared to other exchanges and the transactions are very instant.
Top 2 p2p websites to buy Bitcoin using your PayPal account
For those who don’t know what p2p exchanges or websites are, let me just give you a small definition of it.
Usually, these exchanges or websites act as a portal to connect two parties. Meaning the seller inserts their information regarding the cryptocurrency and the volume of it they would want to sell.
And the general public wanting to buy the cryptocurrency can contact the seller and make their purchases.
In easy terms, these websites help in connecting the sellers to buyers. Below are the two best p2p websites which you can use to buy bitcoins easily.
LocalBitcoins is one of the top and the best exchange or websites all around the globe.
You simply visit this website and search for bitcoin, then you’ll see a list of people in your region wanting to sell bitcoin.
You then can contact or make the payment. Once successfully transaction is complete you will receive your bitcoin.
Paxful is another p2p website just very similar to localbitcoins. Once you visit Paxful just enter the type of cryptocurrency you want and the volume if it.
The website will search and provide you a list of sellers from your region from which you can select a seller and buy bitcoin.
If I had to choose any two from the above list, I would say my personal best exchange would be Wirexapp and Localbitcoins, Both are very reliable and come with good security features.
I assume I have mentioned everything about how to buy bitcoin with PayPal account. Yet if you think if I’ve skipped out anything or that you need more information on the topic how to buy bitcoin with PayPal, then make sure you write your question in the comments below.