Buy bitcoin with Paypal
How to buy Bitcoin with Paypal safely
In recent years, PayPal has reaped the benefits of Bitcoin. However, it is still a challenge to find reliable places to buy bitcoins with PayPal in 2021. This is mainly due to reversal problems. This post will include tested methods that will allow you to overcome this problem.
How do I Buy Bitcoin with Paypal - Introduction
While PayPal now allows users to purchase Bitcoin directly, you will not be able to use your coins without its platform. In fact, since Vidwex closed his PayPal deposits in January 2020, it was very difficult to get Bitcoins with a PayPal account.
The two main methods that still allow you to buy Bitcoins with PayPal are (for users who are more interested in price guessing and who want to get real coins) and LocalBitcoins (for those who want to withdraw Bitcoins themselves wallet).
EToro users: 75% of CFD sales accounts lose money. Your capital is at risk. US users – CFDs are not available to US users. US users can only trade real (long-term) real goods without using them. If you want a detailed explanation of each method keep reading. Here’s what I’m going to cover
Buy Bitcoin with Papal using below providers
Providers
Score
Pros/Cons
Descriptions
9.8
- Relatively low fees, variety of payment methods accepted
- Not available worldwide, withdrawing profits in crypto is complicated
- In other words, eToro is better prepared to guess the price of Bitcoin than to buy a real coin to use. If you’re just looking to profit from price fluctuations and you don’t need real bitcoins, this is probably the easiest and cheapest way to go.
9.7
- A wide variety of sellers from around the world
- High Fee, chance of getting scammed
- At LocalBitcoins.com, people from different countries can exchange their local currency to bitcoins. It allows users to post advertisements for trades
9.5
- A proven method that’s been around for a relatively long time
- High fees and unclear business modal
- While other platforms can take days to credit Bitcoins to wallets, xCoins makes it possible for users to purchase Bitcoins instantly.
9.3
- Wide variety of sellers from all over the world
- High exchange rate, the chance of getting scammed
- While other crypto markets are generalists, Paxful is for traders with a wallet full of Bitcoin they want to offload. It’s also a peer-to-peer marketplace.
9.1
- Low risk
- Available only in US currently, Can't withdraw coin to external wallet
- In October 2020, PayPal rolled out direct purchases of Bitcoin (and three other cryptocurrencies) within the PayPal digital wallet, through a partnership with Paxos.
8.9
- It is an Indian Crypto Exchange.
- Only works in India
- WazirX is India's Most Trusted Bitcoin & Cryptocurrency Exchange. Buy, Sell & Trade Bitcoin, Ethereum, Ripple, Litecoin and more cryptocurrencies in India.
FAQ Subtitle here
Frequently Asked Questions
No, Coinbase only allows to sell Bitcoins and withdraw the balance to your Paypal account
You can also use AirTm, LocalMonero, LocalCryptos to buy Crypto with PayPal however the same rules and downsides apply – you’ll probably pay high fees and it will be hard to find credible sellers.
From time to time, I see many new sites that allow you to use PayPal for Bitcoin purchases. Personally, I highly doubt such sites and advise you to manage them with caution. Reputation goes a long way when it comes to cryptocurrensets, and the methods I described above have all been tried and tested.
In addition, the companies described in this post have been present for at least three years and have shown that they live here. Once you have said that, feel free to write a list of your findings in the comments section below and we will give you our opinion on it.
Are you looking othere ways to buy bitcoin?
Buy bitcoin with Credit/Debit Card or with Bank Account
There are many other ways to buy bitcoin. Here are few of them
Buy Bitcoin with Credit Card
These days it is much easier to buy Bitcoin with a credit card. The problem of refunds has been reduced by anti-fraud companies, and more and more exchanges allow credit cards as a valid payment option. In this post, I will review the most popular ways to buy Bitcoin with a credit card.
Buy Bitcoin with Debit Card
Now a day as bitcoin growing very fast so there are various option to buy it. There are some trusted service providers who allow you to buy Bitcoin with Debit card as well. Here I will review the most popular ways to buy Bitcoin with a Debit card. All of them are tested well.
Buy Bitcoin with Bank Account
Buying Bitcoins by bank account is probably the best way to go to get a cheap exchange rate. Depending on where you live in the world there may be a different exchange that will suit you better. In this post, we will look at the main transactions that provide banking services.
