A lot of persons ask “can PayPal be used to purchase or buy bitcoin?”. This article is going to give you an answer to this question but first of all what is bitcoin. Bitcoin is also known as cryptocurrency, virtual currency or digital currency. PayPal is a popular online transaction platform that can be used for payment, transfer, send money. It can be used as a payment method for the website, you can create invoices as a business account holder.
Can PayPal Buy Bitcoin
Now, this is the ultimate question Can PayPal Buy Bitcoin. As an owner of a PayPal account and you are interested in bitcoin you will want to know if there are ways for you to purchase bitcoin. Not all platform uses or accepts PayPal so you would have to use indirect methods to make the purchase and often incurs additional fees.
How to Buy Bitcoin with PayPal
Since there is no direct way to buy bitcoins using PayPal as Bitcoins transactions are irreversible but there are other indirect ways to purchase bitcoins using PayPal. Here is some website you can use PayPal to purchase bitcoin.
Localbitcoins is a popular marketplace where you can purchase bitcoin using PayPal. But you will need to be careful while picking a seller. this is, however, a well-know way of purchasing bitcoin using your PayPal account. Here is how.
- Visit the website https://www.localbitcoins.com/.
- On the home page enter the amount you want to pay and select your currency.
- Click on all online offers and click on PayPal as your payment method.
- You will get a list of people selling bitcoin at different prices.
- Select the seller of your choice.
- After selecting your preferred seller click on see feedback. From the feedback you will be able to tell if the person is trustworthy or not. Make sure to check the number of trade and number of partners.
- After verifying the seller go back and specify the amount of bitcoin you wish to purchase via PayPal.
- Click on send trade request. After doing this you will be taken to a payment page. Make the payment and mark the payment complete in the invoice.
Once this is done the seller would verify the payment and you will get your bitcoin in your wallet.
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This platform allows you to buy bitcoin using PayPal. this website is similar to LocalBitcoins, you will need a verified USA PayPal account.
- Visit the website https://www.paxful.com/.
- Enter the amount you want to pay for bitcoins.
- Click on show all and in the search box type in PayPal as a payment method.
- Click on search for offers.
- Select a seller that meets your interest and click on buy.
- On the next page, verify the amount you pay and receive are correct and click on buy now.
- a new page will appear to read the instructions and click on got it.
- On the next page click on paid.
The funds would now appear in your Paxful wallet.
You can try other websites like CoinBase and Wirex to buy bitcoin with PayPal. the processes are super easy to follow.