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❓ASK How to Buy Bitcoin with PayPal?

to7update

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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.

26348


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.
Virwox:
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.
LocalBitcoins:
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.
 

ipol12

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You should look after the value of Bitcoin. When I started, it is just at $800. Now, it is above $2,000. Look after the trend. Buy Bitcoin if it has low value. Then you can sell it when it is high. I am actually using our very own Bitcoin wallet in buying and selling Bitcoin.
 

tiada

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You should look after the value of Bitcoin. When I started, it is just at $800. Now, it is above $2,000. Look after the trend. Buy Bitcoin if it has low value. Then you can sell it when it is high. I am actually using our very own Bitcoin wallet in buying and selling Bitcoin.

Excellent, you have made the value TRIPLE! I am thinking not to chase high, reachmeant not to buy at the high point. I think Bitcoin is at the peak level now since itreachedit's all high level lately.
 

stiffany162

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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?

Upon reading some news I think there will be a big happening in bitcoins in august 1. So be sure that you have all access in all of your btc addresses.
 
M

Medowriter

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Upon reading some news I think there will be a big happening in bitcoins in august 1. So be sure that you have all access in all of your btc addresses.
The big happening is already taking place cos the price seriously shooting up though it is not advisable to buy now for the purpose of reselling cos it could fall any time soon.
 

tiada

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The big happening is already taking place cos the price seriously shooting up though it is not advisable to buy now for the purpose of reselling cos it could fall any time soon.

Why? I am expecting it will go further up again as there is rumour talking that Chinese Government is re-consider to allow BTC to be trade in the country.
 

Harvey

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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?

You can do that in Coins.ph where you can deposit directly in UnionBank without any fees.
 

tiada

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I use Luno wallet as it can be linked to my local bank account, so easier to buy and sell but it can't be linked to PayPal. I am Malaysian.

For more choice, may find out here: Crypto Wallet.
 
X

xXInfectedXx

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Most cryto wallets require age verfication to money laundering laws. I know Blockchain does, you can buy a max of 200 pounds and then you have to confirm your age and coinbase won't let you buy any BTC without uploading documents to prove who you say you are. Coin.ph and Blockchain are the best.
 

tusziget

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If you want to have more Bitcoins in your wallet,you can make exchange online,there are different sites.Just make a comparison between them,because some exchange sites have higher fees.
 
L

Lovely

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You can buy from topupgold.com,the buy and also sell Bitcoin and you do this from your bank account and it without fees but the value might be lower since they will have want to make some profit but if you were a Nigerian Nariaex .com would have been a better option.
 

tusziget

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I think it is better to buy Bitcoins from trusted persons,like in forums.I have read many times,that buying Bitcoins is not always safe.I have bought cryptocurrencies in the past from trusted members and didn't used any other way.
 

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You can use changer.com,it is a very safe website. They don't have the option of buying with your bank account but you can create an account on Payeer or Perfect Money and deposit money there and buy bitcoin with that
 

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I have been using Gemini wallet to buy and sell Bitcoins. They are very user friendly and reliable site. They are very safe and I have never faced any problems so far with them. Only hassle with them is the time they take to verify your account. Apart from that, they are a great protal to buy Bitcoins
 

phanuruch

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I would urge you to do some due diligence and identify several platforms that offer BTC before decided on where you want to buy. Cryptocurrency just like fiat money requires a person who intends to trade in it have some basic knowledge about it.
 

matt9005

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Binance Jersey now offers fiat/cryptocurrency trading through bank deposits. They are one of the most prominent cryptocurrency exchanges and you can definitely trust them.
 

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I remember there are people who have done successful exchange through the localbitcoin. Here however you have to make sure that you don't mention bitcoin or any such in the memo of paypal. Instead just have memo like say "freelance project" or so. This way paypal is less likely to recheck your account for money transfer.
 

matt9005

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I'd say that this guide us probably a bit outdated. Virwox no longer allows PayPal deposits and that means you can't buy Bitcoin on there anymore.
 
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