If you want to buy Bitcoin with PayPal you first need to find a reliable trading platform or peer-to-peer marketplace that offers the option to use PayPal as payment method to make a deposit and buy Bitcoin. Some popular examples of such trading platforms and peer-to-peer marketplaces include Etoro, Paxful and LocalBitcoins.
PayPal is one of the most popular platforms that enable you to pay, send money, and accept payments across the globe. In recent years, PayPal has also become a popular method for buying Bitcoin online. While it is not possible to buy Bitcoin directly on the PayPal platform, it is possible to make use of trading platforms or person-to-person marketplaces to buy Bitcoin using PayPal.
In this article we will provide you with a step-by-step guide to buy Bitcoin with PayPal using 3 of the most popular platforms that are currently available. Namely, Etoro, Paxful, and LocalBitcoins. Let’s dive right into it.
Trading on this platform does have one disadvantage, and that is that once you’ve bought Bitcoin with PayPal on Etoro, you won’t be able to withdraw Bitcoin to your wallet or send them to other people. You can only exchange your Bitcoin into a fiat equivalent, which can then be withdrawn.
If you decide to use Paxful to buy Bitcoin with PayPal, do take into account that because of its peer-to-peer nature, buyers and sellers alike are at risk of being scammed.
As with Paxful, the same precautions should be taken on LocalBitcoins to make sure that you find a reputable and reliable seller to minimize the risk of being scammed.
How about buying Bitcoin in other ways? There are several other popular payment methods that you can have at your disposal to buy Bitcoin online. For example, on Bitcaribe.net, a reliable and convenient platform, you can also buy Bitcoin using your credit card, debit card, or even Apple Pay balance in less than 1 minute.
So, we hope that our step-by-step guide for buying Bitcoin with PayPal has provided you with more clarity on how you can make your next Bitcoin purchase. If you have any questions, don’t hesitate to contact us.