Since the value of most appreciated digital money Bitcoin is worth of thousands of USD, people are emerging to collect themselves in their wallet. But the thing is it is difficult to obtain and there are only a few secure ways to buy Bitcoin to your pocket. PayPal is the safest as well as a trusted method for purchasing Bitcoins through the internet. The main objective of making this guide is just to give a clear idea for those who are thinking about how to purchase Bitcoin with PayPal.
Let us see how PayPal deals with Bitcoin traders.
How to purchase Bitcoin with PayPal?
There are five main ways to purchase digital currency, Bitcoin via PayPal.
They are as follows:
Now; it is time to have a quick look at how we can proceed with these methods.
Purchasing Bitcoin via PayPal via eToro
In this method, you don’t actually get to get coins in your wallet but you can turn them into fiat currency. If you’re up to making a profit and not to buy or send Bitcoins to others this method is more suitable for you.
VirWoX for PayPal and Bitcoin exchange
When you’re searching the internet for ‘How to purchase Bitcoin with PayPal’ this is the most suitable and adjustable method for you. The process is simple in the system you have to buy SLL digital money from PayPal and trade them to Bitcoins. The increased fee they are charging to the process is the only disadvantage you will face.
LocalBitcoins – Let us get real for a while!
Among the other methods on how to purchase Bitcoins with PayPal, LocalBitcoins connects sellers and buyers actually online. In this way, you can get your Bitcoins faster but the sellers will also end up with the high rate of selling them.
Providing users with a debit card to do your transactions of Bitcoins with PayPal physically or virtually is the main purpose of Wirex. While it charges a low fee it counts up to days in the process.
Last but not least Paxful
Just like LocalBitcoins, Paxful connects buyers with sellers online and complete their needs. But, it is different to LocalBitcoins. Here they allow you to buy Bitcoins with almost anything. Imagine when you can buy Bitcoins with your Skype credits or Amazon gift card; yes in Paxful it is possible. Most likely in LocalBitcoins, you can do transactions with distance sellers. But also there is a possibility that you can get scammed.
The future of Bitcoin seems confusing!
How to purchase Bitcoins with PayPal is still messed up and it is one of the burning problems for traders. By going through the above description, now you all know that VirWoX, Wirex same as Paxful makes it easier to buy Bitcoins. But, it is still making some issues with security and the payment to make the transaction is heavier. Buyers will soon get fed up with paying high fees and getting scammed to achieve nothing finally. So, we hope there will be a more efficient way to buy Bitcoins via PayPal in the near future.
Stay tuned with us for more updates like this in near future!