Lately I've been interested in buying some bitcoin with the goal of trading. I was exploring Coinbase, but the site is not that user-friendly, and I have to transfer my money to them to get it in a e-wallet, and only from there I can buy it. Any other site where I can buy bitcoins directly from my bank account or is it always like this?
Today, Bitcoin is a bit hard to obtain and especially if you want to buy Bitcoins using your PayPal account. It is extremely difficult to find a credible or reliable way to purchase Bitcoins using your PayPal account. However, there is still a way that you can buy your Bitcoins using PayPal.
eToro
eToro is for anyone who lives outside the United States that wants to purchase Bitcoins using their PayPal account. There is a drawback when you use this exchange.
With Virwox it is possible to purchase Bitcoins through this exchange. The transaction rates are quite high. Virwox is the only exchange that has found a way around PayPal chargeback issues. The exchange uses a virtual currency called Second Life Linden Dollars (SSL) as their form of mediation. What is more important is that PayPal allows you to purchase SSL using your funds. This is a simple process to complete:
The LocalBitcoins exchange is a marketplace for buyers and sellers. If you decide to use this exchange, keep in mind you'll be working with real people. Therefore, you risk the chance of being scammed for your money after the exchange. The sellers in this exchange will charge a very high transaction fee because they take all the risk of chargebacks. The only good thing about using this exchange is the fact that you will receive your Bitcoins faster.
Wirex:
The Wirex exchange takes an extreme amount of time to complete your transaction. The average exchange time is 10-days. This company uses a Bitcoin debit card for their exchanges. It is possible to use your Wirex's debit card with your PayPal account. This is a great way to buy Bitcoins using your PayPal account.
Paxful:
The Paxful exchange is one of the smaller, less known exchanges that allows you to purchase Bitcoins using Skype credit or even Amazon gift cards. The exchange is simple to use. Just create an account, select your payment method, and decide on the seller. You can also let Paxful choose the seller for you. The exchange uses an online chat room. There you will talk with the seller and finalize your transaction.
It is still possible to buy Bitcoins using your PayPal account. However, you will need to find the right exchange to use and make sure you won't have any issues with PayPal in the end. One reason PayPal no longer allows you to use your account for purchasing Bitcoins. They had too many problems with chargebacks.
Today, Bitcoin is a bit hard to obtain and especially if you want to buy Bitcoins using your PayPal account. It is extremely difficult to find a credible or reliable way to purchase Bitcoins using your PayPal account. However, there is still a way that you can buy your Bitcoins using PayPal.
eToro
eToro is for anyone who lives outside the United States that wants to purchase Bitcoins using their PayPal account. There is a drawback when you use this exchange.
- You may only purchase the Bitcoins through this exchange.
- You won't be able to transfer or exchange the Bitcoins.
- The only possibility you have is to exchange the Bitcoins back to Fiat currency.
- This is an investment network only and not a purchase and exchange network. However, eToro is in the process of opening an exchange network so it will be possible to transfer your Bitcoins.
- With eToro you won't need a wallet because this exchange doesn't actually give you the coins. This exchange is used for investing in Bitcoins and holding onto them.
With Virwox it is possible to purchase Bitcoins through this exchange. The transaction rates are quite high. Virwox is the only exchange that has found a way around PayPal chargeback issues. The exchange uses a virtual currency called Second Life Linden Dollars (SSL) as their form of mediation. What is more important is that PayPal allows you to purchase SSL using your funds. This is a simple process to complete:
- Purchase SSL using your PayPal account.
- Now use the SSL to purchase your Bitcoins.
- You will have a limit or cap for the number or amount of SSL you can purchase in a single transaction.
- Your transactions are delayed up to 48-hours.
The LocalBitcoins exchange is a marketplace for buyers and sellers. If you decide to use this exchange, keep in mind you'll be working with real people. Therefore, you risk the chance of being scammed for your money after the exchange. The sellers in this exchange will charge a very high transaction fee because they take all the risk of chargebacks. The only good thing about using this exchange is the fact that you will receive your Bitcoins faster.
Wirex:
The Wirex exchange takes an extreme amount of time to complete your transaction. The average exchange time is 10-days. This company uses a Bitcoin debit card for their exchanges. It is possible to use your Wirex's debit card with your PayPal account. This is a great way to buy Bitcoins using your PayPal account.
Paxful:
The Paxful exchange is one of the smaller, less known exchanges that allows you to purchase Bitcoins using Skype credit or even Amazon gift cards. The exchange is simple to use. Just create an account, select your payment method, and decide on the seller. You can also let Paxful choose the seller for you. The exchange uses an online chat room. There you will talk with the seller and finalize your transaction.
It is still possible to buy Bitcoins using your PayPal account. However, you will need to find the right exchange to use and make sure you won't have any issues with PayPal in the end. One reason PayPal no longer allows you to use your account for purchasing Bitcoins. They had too many problems with chargebacks.