Best methods to buy Bitcoin with PayPal

Bitcoin(BTC) has emerged to be on the top of all cryptocurrencies and it is only a matter of time until it reaches the heights no other cryptocurrencies can aim for. With this in the perspective, it is not an exaggeration to say that the word about Bitcoin(BTC) is in almost everyone’s mouth. People progressed to buying Bitcoins(BTC) now than just discussing them. Since everyone’s eager to buy Bitcoins(BTC) the question of how to buy them pops up more than ever. A lot of people are now eager to know how they can buy Bitcoin(BTC) using PayPal. Some of us might even wonder why to buy Bitcoins(BTC) with PayPal while there are a few other options available. 

For starters, PayPal has become a popular payment method all over the world. It is a more convenient method of payment compared to other payment methods. It offers more ease and comfort and most important of all is that it offers secure payments that we are well aware of.

If you are a resident of the United States you can buy various cryptocurrencies using Paypal which also includes Bitcoin(BTC). It means that you don’t need to use any other platforms or methods to buy Bitcoin(BTC) as long as you are in the US. But if you are a resident of some other country you won’t be able to do so with the PayPal app or website. So you might need to use some other methods in which you can buy Bitcoins(BTC) with PayPal.

Here are a few methods through which you can buy Bitcoin(BTC) with PayPal, let’s go ahead and check them out.

eToro 

There are not many options for you to buy Bitcoin(BTC) with PayPal. And eToro is one of the best ways that enable you to do so. Other than eToro, there was VirWoX that used to be a forerunner in the field. But since it got shut down in the month of January(2020) the platforms that can help you buy Bitcoin(BTC) with PayPal have become even lesser. 

eToro is one such platform that you can rely upon if you wish to use PayPal to buy your Bitcoins(BTC). It is a social trading platform that offers financial services and also lets you deposit using Paypal. This platform allows you to buy Bitcoin(BTC) but you will be needed to withdraw them to eToro wallet if you wish to withdraw them somewhere else or spend or send them. Buying your Bitcoins(BTC) through eToro is beginner-friendly and it also supports several other payment methods aside from PayPal. Here you will be needed to make an initial deposit of $200 at least.

Though eToro is available in a majority of countries, it is still not available in countries like Afghanistan, Belarus, Ethiopia, Botswana, Guinea-Bissau, Cuba, Guyana, Albania, Crimea Region, Myanmar, Burundi, Canada,  Somalia, Sudan, Guinea, Iran, Uganda, Yemen, Namibia, Nicaragua, the Democratic Republic of the Congo, Palau, Samoa, Congo Republic, Laos, Libya, Serbia, Syria,  Chad, Japan, Turkey, Brunei, Mali, North Korea, Bosnia and Herzegovina. Also for the US residents, eToro does not offer a PayPal payment method as they can directly buy Bitcoins(BTC) through PayPal official website and the app.

Coinbase

Coinbase, to date, is one of the most popular crypto exchanges available out there. It is so far the simplest to use with a user-friendly interface. Coinbase has introduced the PayPal buying option to its platform in the April of 2021. Since it added the PayPal buying option, it has made Coinbase simpler to use for the users than it previously was.

Now the users can directly pay using PayPal using the bank accounts and debit cards connected to their PayPal account. One thing to note here is that Coinbase is a US-only exchange so if you wish to buy Bitcoin(BTC) using PayPal through Coinbase, you can only do so if you are a citizen of the United States.

LocalBitcoins

LocalBitcoins is one of the popular ways to buy Bitcoins(BTC). This platform works similar to other sites like eBay. There are sellers and buyers on LocalBitcoin. It works when both the seller and the buyer in this case you, make offers stating prices for the Bitcoin(BTC) in the sale.

Both the parties need to come to an agreement on the price and once the agreement is achieved the sale can happen. You can either deposit the money to the seller through wire or you can meet them up directly to make the trade. Since the method of payment can be up to the seller’s choice you can easily find sellers that agree to receive the payment through Paypal in most cases, which makes the job easier for you.

Wirex

Wirex is a debit card that enables you to convert fiat and cryptocurrencies into either when you want to spend them. With Wirex you can spend money anytime and anywhere you like.

You simply need to load the card with currency, crypto or fiat. You can do so through bank transfers or through credit or debit cards or crypto. Since it is a debit card you can link it to your PayPal account and make transactions using it.

In Conclusion

A lot of people find buying Bitcoins(BTC) with PayPal to be more convenient and comfortable than the other options available. Since PayPal only introduced that option for the US residents, for the rest of the world the options are very limited. The above-listed platforms can help you buy Bitcoins(BTC) with PayPal in other countries of the world. As for US citizens and residents, buying Bitcoins(BTC) through PayPal is as easy as shopping on Amazon. You just need to log in to your PayPal account and select Bitcoin(BTC) under the cryptocurrency section and proceed to buy it by entering the amount of Bitcoins(BTC) you wish to purchase. Choose your preferred payment method there and click on ‘Buy’. It is as simple as that. If you wish to consider other options you can also check out Venmo, which is owned by PayPal. Found the article helpful? If yes, you can check out more such articles at Zeen.

Related posts

Latest posts

Minimizing Shading Losses with Solar Panel Shading Analysis from Solar Companies: A Comprehensive Guide

Do you feel that warmth? That's the sun gracing us with its abundant energy, free for the taking! But here's the thing, dear friend,...

10 Proven Ways to Generate Income Through Stocks

Investing in stocks is an excellent way to build wealth and achieve financial goals. Beyond capital appreciation, stocks also offer opportunities for generating consistent...

7 Expert Tips to Maximize Savings on Flights and Hotels While Traveling

Traveling is an exhilarating adventure that enriches our lives with unforgettable experiences and cherished memories. However, it's no secret that the costs associated with...