PayPal is one of the most popular methods of payment in today’s time. Along with making and receiving payments on PayPal, you can also use your PayPal account to buy and sell Bitcoins.
There are different methods of buying bitcoins with PayPal. If you are interested to know more about this, then you should read the post below.
Methods To Buy Bitcoins With PayPal
Here are some of the most popular ways of buying bitcoins with PayPal. Before you proceed, you need to open a PayPal account on the platform and then find a suitable exchange.
This is one of the easiest ways to buy bitcoins with PayPal. However, you should know that this platform only allows you to buy bitcoins. It doesn’t have the option to withdraw. Not only that, but you cannot even send bitcoins to other people. Therefore, this platform can be used only for a limited purpose. This platform is best for speculating the price of the bitcoins.
If you are looking for a platform that allows you to buy and sell bitcoins, then LocalBitcoins could be the perfect option for you. The platform also allows you to connect directly with the sellers. This makes it safer and you also get to know the credibility of the seller. However, the rates offered by the seller can be a bit higher on this platform.
Another popular method of buying bitcoins with PayPal is through xCoins exchange. This platform loans you bitcoins, instead of selling them to you. All you have to do is enter the site and ask for a bitcoin loan. You will have to go through an ID verification process, after which you need to pay for the number of bitcoins you have ordered. You should know that the rates are fixed.
Using your PayPal account for buying bitcoin is currently the most preferred way. Thousands of bitcoins buyer are using this method as it is both easy and convenient. Now that you know the process, it should be easier for you too.