How to Buy Bitcoin with PayPal?

Casper Brown blog August 3, 2020

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How to Buy Bitcoin with PayPal?

As time passes, it’s becoming clearer that bitcoin is a very lucrative investment. Since you’re reading this article, chances are you have already been thinking about cryptocurrency investment. Nevertheless, when buying bitcoin for the first time, it’s good to opt for traditional banking methods which allow you to turn your fiat into crypto directly. The quickest, easiest and most accessible way to do this is by buying bitcoin with credit cards. Yet, for those who of you who want that extra bit of peace of mind and security when venturing into a new world of finance, you may wish to buy bitcoin with PayPal.

With 20 years of experience in online transactions and extra insurance and security it makes for an ideal companion to branch out into this unknown world which you may not know much about, thus you might wish to err on the side of caution. The problem is though, this option drastically limits your choices, because few cryptocurrency exchanges accept this method of payment. This is where we come in: we have compiled a list of the best places to buy bitcoin with PayPal, so that if you do choose to take this option, you can at least pick one of the few tried and trusted platforms.

eToro

eToro is a multi-faceted exchange service which allows you to buy numerous different investment options including, stocks, commodities, forex and of course, cryptocurrencies. You can find a detailed review here on Cryptimi. When it comes to cryptocurrency trading, the site will allow you to buy bitcoin with PayPal via their service and so can get you off the ground and deposit anywhere between $50- $10,000 per month, which is plenty for a first-time investor.

This should get you started, but the issue with their service is that you cannot sell those bitcoins you would have acquired directly on their website, so you will have to move them elsewhere in order to keep trading, once they are purchased. If your plan is to HODL, then eToro can still serve this purpose just fine though, as they still allow you to re-sell them at a later date in exchange for fiat currencies.

Paxful

Paxful work as a peer-to-peer trading platform. This essentially means it acts as a mediator between you, the person who wants to buy bitcoin and someone who is looking to sell bitcoin. It operates an inclusive user policy which means that anyone from any region can access it and use its services to buy and sell bitcoin via PayPal. This means that wherever you are reading this from, you can already log on and enjoy the benefits of their service with ease.

Once you have signed up to their service and verified your account, the service is super straightforward and you simply register your PayPal account on their site and then browse their service for listed sellers, until you find one suitable for you. It is at this point that the benefits really shine as you will join a chat with the seller with whom you can negotiate prices. Once the deal is settled, then the buyer will release the bitcoins, which will be held by Paxful for half an hour ensuring that no foul play occurs. You have this time to settle the payment via Paypal, which comes at no fee from Pax and offers you256-bit SSL encryption to ensure security.

LocalBitcoins

This is another peer to peer bitcoin trading service which allows you to connect with other users in your local area and then buy directly from people, as opposed to buying it from a third-party exchange platform. It is in fact one of the oldest and most tried and trusted services in the world of cryptocurrency, not to mention that for most of its services, it is completely free.

Due to the nature of LocalBitcoin, it offers you the option to buy bitcoin with PayPal, as well as the option to buy Ripple, Ethereum and plenty of other top tokens directly with your PayPal account. In our opinion, LocalBitcoins would be the ideal choice for first-time investors thanks to all the reasons we have mentioned above and the best option to buy bitcoin with PayPal out there on the market.

These are only 3 of the best cryptocurrency exchanges out there, which are ideally the best to start with, but you can still check the full list of the best cryptocurrency exchanges in order to choose the right one where to buy bitcoin with Paypal with ease and kick off your bitcoin trading career today!

Author: Casper Brown
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.
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Casper Brown 272 Articles
I am an associate content producer for the news section of Coingape. I have previously worked as a freelancer for numerous sites and have covered a dynamic range of topics from sports, finance to economics and politics.
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