April 11th, 2019
Bitcoin sale has become a common thing. There are numerous bitcoin sellers across the globe helping people buy the cryptocurrency. People can purchase bitcoin through peer to peer transaction or through local brokers or online exchanges.
A step-by-step guide to selling bitcoin to PayPal.
1) Open an account
Firstly, create an online account with Bitcoin of America. The process is quite simple and will take a few minutes. To get started on Bitcoin of America, you need to click on the get started button. This will open a new page that you will be required to fill in the details. Once you are done, submit your details. You are required to make sure that your account gets verified so you can start selling Bitcoin or other cryptocurrencies.
2) Create a trade
Once you create an account with the exchange, on the home page, click on the TRADE button and select the amount you wish to sell. The exchange has a limit of the amount of money you can trade. The minimum amount you can receive in your card is $25.00 and a maximum of $1999.00.
3) Select the payment method
There are four payment avenues on the exchange you can select. These are Wire Transfer, PayPal, Prepaid Card, and Cash APP. Select PayPal as your payment option. Fill in your PayPal email and sign your name. Once you are done read and check on the sales terms.
4) Click on sell
Once you sign your name, click on the sell button and wait for the payment to be sent straight to your PayPal account.
Why bitcoin remains attractive
Even with the ongoing crypto winter, traders are still making a living from the industry. Bitcoin still has a lot to offer to various financial sectors.
People are drawn to bitcoin because of its accessibility. Bitcoin is universal; with just a bitcoin wallet address you can make transactions no matter where you are. It is available twenty four hours a day, all year long. You can quickly send money to any place around the world without having to wait 2-3 business days for your transaction to be completed.
Bitcoin transactions are highly secured. This eases worry and reduces crimal activities. Despite hacks, no one can charge you money or make a payment on your behalf. By following the proper security steps, your funds will remain secure in your wallet.
Bitcoin has gained popularity because it cuts down the cost of the transaction. Receiving bitcoins is free, and most wallets have low default fees. Sending bitcoins is generally cheaper compared to traditional fiats. It will take you the same amount of fee to send one BTC or 1000 BTC.
Lastly, Bitcoin is decentralized thus preventing governments interference. The network is distributed globally among many thousands of nodes. Additionally, it eliminated the need for third parties to make it convenient for most people. This has been beneficial to the unbanked population who do not have the means or the funds to keep accounts with banks.