May 26th, 2021
How to Buy Bitcoin with PayPal?
With big names like Bill Gates, Elon Musk, and many others coming out openly in support of Bitcoin, there is no doubt that the future lies in cryptocurrency. To make hay while the sun shines, it is advisable that you invest in it right now, and reap great rewards in coming times.
Talking about investing in cryptocurrency, one of the most commonly asked questions that you will hear is – how to buy bitcoin with PayPal?
If you want to trade in bitcoins and are looking for an answer to this question, you are just at the right place. In this post, we will talk about how to buy bitcoin using PayPal, where you can do it, why using PayPal is a smart option and everything else related to it.
So, without wasting any time further, let us get started.
Buying Bitcoin with PayPal
Buying bitcoin with PayPal is no rocket science. Just like every other method of buying cryptocurrency, the process of buying bitcoin using PayPal is fairly simple. Here’s what you need to do to get started:
Go To a Digital Currency Exchange
The first thing you need to do is go to a digital currency exchange like Bitcoin of America that allows the option to buy bitcoin with PayPal.
It is worth mentioning here that not every exchange gives you this option. Therefore, you need to read the terms before signing up on an exchange for your bitcoin trading.
To get started with your bitcoin transaction on the digital currency exchange, all you need is ID proof and a phone number. Register on the exchange by providing your basic details and get started.
Here’s a step by step look at how the process works:
Once you enter the number of coins, it will automatically reflect the amount you need to pay for buying the entered number of coins.
In the next step, it will ask you to select the payment method. This is where you have to select the PayPal method of payment from all the options provided. After selecting the option, you will have to link your PayPal account, and complete the payment. Once the payment is deducted and the transaction is complete, you will receive the bitcoin in your wallet.
Simple, convenient, and easy – isn’t it?
Now that you know how to buy bitcoin with PayPal, it is time you get to know why it has emerged as the preferred choice for crypto transactions.
Why Buy Bitcoin With PayPal?
Mentioned below are some of the most common reasons why buying bitcoin using PayPal is such a great idea:
One of the things with using direct options like a debit card for carrying out a bitcoin transaction is that you have to incur a flat fee for it. Not many sellers will tell you about it. Whereas if you are using PayPal for the same, you don’t have to incur any of it, apart from the currency exchange if that’s applicable. Therefore, you can save quite a lot by choosing PayPal as your preferred option for buying bitcoin.
Another important thing that makes buying bitcoin with PayPal a smarter option is its acceptance. While banking institutions usually decline transactions involving amounts as large as $30,000, it doesn’t happen with PayPal. Since bitcoin transactions generally involve amounts much higher than these, to avoid the hassle of transaction declination, people prefer PayPal as the mode of transaction.
Most important of all, using PayPal for buying bitcoin is much easier and a lot more convenient than any other option. You don’t have to face the hassle of transferring money from your bank account to your wallet and so on. You can directly link your PayPal wallet to the currency exchange and carry out the transaction without any trouble.
Are you ready to invest in Bitcoin?
As you can see, there are plenty of reasons that make buying bitcoin with PayPal a smarter choice. Not only does it save you money, but it also saves you the time that you would have otherwise wasted in transferring money from your bank account to wallets, and so on.
If you are planning to invest in bitcoin, then it’s easy to get started. By going to a reliable currency exchange like Bitcoin of America, you can make the process easy and hassle-free. Besides helping you transact in bitcoins using PayPal, this amazing currency exchange is also the best place to find bitcoin ATMs near you.
So, what are you waiting for? Go ahead and visit Bitcoin of America or download their mobile app to get started. All the best!