So, let’s discuss where and how you might buy Bitcoins using PayPal.
Note that your ability tobuy Bitcoin using PayPalmay vary depending on your location.
If you’re using the PayPal app, head to theFinancessection at the bottom of the screen.
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Here, you’ll see the option to buy Bitcoin.
PayPal also provides a brief explanation of what Bitcoin is and how it works.
Note that before you buy Bitcoin, PayPal will likely ask you to confirm your US taxpayer status.
PayPal also allows users to buy Bitcoin Cash, Litecoin, and Ethereum.
To buy Bitcoin on Coinbase,you should probably create an account.
This also requires you to verify your identity so that Coinbase knows exactly who you are.
To do this, head toSettings > Payment Methods > Add a payment method > PayPal.
Bitstamp
Bitstamp is another well-known crypto exchange that is based in Luxembourg.
Once you’ve completed these steps, you’ll need to add a payment method.
From here, go toPayment Methods, and press theDepositoption.
Here, you’ve got the option to opt toBuy with PayPal.
Alternatively, you’re able to choose theDirect Crypto Purchaseoption to buy Bitcoin using PayPal.
CEX.io
CEX.io is a London-based crypto exchange accessible in a range of countries around the world.
Using CEX.io, you could buy a wide range of cryptocurrencies, including Bitcoin, using your PayPal account.
But once you’ve done this, the process is pretty straightforward.
First, head to yourWalletpage and click theBuyoption.
Then, in theAlternative Paymentssection, click onPayPal.
Firstly, create an eToro account and verify your identity.
Then, head to your account page.
This is where you’ll need to deposit crypto using PayPal, as eToro doesn’t allow instant payments.
you’re able to link your PayPal account by clicking theDepositand thenPayPaloptions.
LocalBitcoins
LocalBitcoins is apeer-to-peer (P2P) exchangethat facilitates the trade of Bitcoin.
Think of using LocalBitcoins as somewhat similar to eBay in that you’re dealing directly with a seller.
Certain sellers on LocalBitcoins accept PayPal as a payment method, and others don’t.
After creating an account and verifying your identity, you’refree to purchase crypto on LocalBitcoins.
Doing this will ensure you’re not dealing with a sketchy, absent, or unprofessional seller.
