How to buy bitcoin with paypal

Buy Bitcoin with Paypal: Guide on How to Buy Bitcoin with Paypal in 2021

If you would like to learn what PayPal supporting Bitcoin means for investors, you can read more here: PayPal & Bitcoin

To learn how to buy Bitcoin with PayPal outside of the USA, continue reading.

First Things First: Can You Buy Bitcoin with PayPal?

PayPal is one of the most convenient payment methods for people around the world to send and receive payments. Back in 2015, PayPal announced that merchants on their platform could accept Bitcoin.

However, if you want to buy Bitcoin with PayPal, that’s another story. Due to how easy it is for buyers on PayPal to file chargebacks (dispute a transaction and get their money back), people usually don’t accept PayPal for Bitcoin.

Even if the dispute is fraudulent and the buyer did receive the Bitcoin, PayPal has no way of knowing this (Bitcoin, while traceable, isn’t as traceable as PayPal) and will usually side with the buyer in case of a dispute.

On top of the dispute problem, Bitcoin transactions are irreversible, making things that much worse for sellers if a buyer ends up scamming them.

That being said, there are some legitimate ways to buy Bitcoin with PayPal that we’ll guide you through, step by step.

Best Place to Buy Bitcoin with PayPal: LocalBitcoins

Founded in 2012, LocalBitcoins is one of the oldest, if not oldest, peer to peer cryptocurrency marketplaces out there. Given its age and popularity with both buyers and sellers, you stand a good chance of finding someone who will accept PayPal for Bitcoin on LocalBitcoins. Image credit: LocalBitcoins

While LocalBitcoins has many sellers on its platform, which might also lead to competition among sellers to offer better prices, there are some things to look out for.

For one, Bitcoin prices can be high since sellers usually charge a premium for PayPal purchases to mitigate the risk of chargebacks. Though this is the case with most PayPal:BTC transactions, LocalBitcoins or not. Moreover, not all sellers are honest, so be sure to only deal with reputable sellers.

How to Buy Bitcoin with PayPal on LocalBitcoins Step by Step

2. After you hit Search, look at the list of sellers and choose one to deal with after reviewing their profile information.

While there are no guarantees, this seller seems trustworthy considering their high feedback score, account creation date of 1 year (not new to the platform like a newly created scam account might be), ID verification, number of people who trust them, and number of people who blocked them (0). Image credit: LocalBitcoins

3. After choosing a seller, hit Buy to enter your desired amount of BTC and initiate the trade. Take note of the buyer’s trade limits, payment window (how long you have to complete the purchase and mark your payment done), and terms of trade. Note: some sellers won’t deal with you until you’ve established a bit of a reputation on the site with some small transactions.

Image credit: LocalBitcoins

4. Once you’re ready click Send trade request. After the seller accepts your request, send your Bitcoin and click the I have paid button. Then the seller’s Bitcoin will be released from LocalBitcoins’ escrow to your LocalBitcoins wallet.

5. Be sure to store your Bitcoin off LocalBitcoins and preferably in a wallet that you control, as LocalBitcoins has been hacked before due to it and other centralized platforms being a honeypot for hackers who want to steal many Bitcoins at once.

Another thing you could do is post your own advertisement for a trade but it’s possible that sellers might not want to deal with new accounts (if you’re new to the platform).

Buy Bitcoin with PayPal No ID

Want to buy Bitcoin with PayPal no verification? You’ll find that many sellers that accept PayPal for BTC will ask for ID verification to lessen the chance of scams. However, not everyone wants to hand over their ID to get their hands on Bitcoin.

One place where you can buy Bitcoin with PayPal without verifying your identity is Paxful.

The process of buying on Paxful, too, is similar to that of LocalBitcoins:

How to Buy Bitcoin with PayPal No Verification on Paxful

2. You’ll then be presented with some offers. Select one that says no verification needed:

As you can see, this offer also allows you to buy Bitcoin with PayPal instantly. Image credit: Paxful

3. As with LocalBitcoins, review the seller’s profile to make sure they’re trustworthy and then initiate the trade. Once the trade starts, you’ll be sent to a chat with the seller where you can discuss payment details before the seller’s Bitcoin is put into escrow and released once you send your PayPal payment and mark it complete.

4. After receiving your Bitcoin, withdraw to a Bitcoin wallet where no one controls the Bitcoin except for you (as opposed to a centralized entity like LocalBitcoins or Paxful).

Buying Bitcoin with PayPal Coinbase

Coinbase is one of the more popular centralized exchange platforms for buying and selling crypto. While you can withdraw or sell from Coinbase to a PayPal account, you cannot buy crypto on Coinbase with your PayPal account.

The VirWoX PayPal Method No Longer Works

A popular way to buy Bitcoin with PayPal before was to use the site Virtual World Exchange (VirWoX). Using PayPal, you would first purchase an in-game currency called Second Life Lindens (SLL), which is used in the game Second Life. After purchasing SLLs on VirWoX with PayPal, you would use those SLLs on VirWoX to buy Bitcoin.

Unfortunately though, VirWoX closed in January of 2020 and this method of using PayPal to buy Bitcoin no longer works:

Conclusion

So there you have it! While buying Bitcoin with PayPal isn’t as convenient as something like exchanging other cryptos for Bitcoin from your wallet due to things like high prices and having to deal with potentially shady sellers, PayPal is still a preferred payment method for many. Hopefully, this guide on how to buy Bitcoin with PayPal was useful!

Updated with new information on October 27, 2020.

This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

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What should you understand about volatility and risk?

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Купить Биткоин через PayPal — Лучшие P2P обменники

Криптовалюта стала очень популярным инструментом для инвестиций, поэтому многие задаются вопросом, где её купить, да так, чтобы это было, выгодно и просто. В этой статье расскажем о том, как купить Биткоин через PayPal.

Почему именно PayPal? Потому что данная платежная система позволяет каждому пользователю оплачивать покупки и отправлять деньги, не раскрывая данных банковской карты или другой личной информации. Платежи через PayPal также покрываются «Программой защиты покупателей», которая теперь действует 180 дней с момента совершения платежа.

Компания PayPal способствует развитию электронной коммерции в России и мире. Благодаря деятельности PayPal становится возможным совершать платежи в разных частях планеты, а услуги доступны на множестве языков.

Когда Биткоин был создан в 2009 году, его было практически невозможно купить в течение первых нескольких лет торгов. Это происходило потому, что попросту не было бирж и площадок, где бы продавалась эта криптовалюта. Сейчас ситуация изменилась и купить Биткоин стало доступно даже через PayPal.

Однако, как раз из-за «Программы защиты покупателей», большинство бирж, не поддерживают его. То есть, если покупатель недоволен приобретенным продуктом, он может предъявить претензию через PayPal и вернуть свои деньги. То есть у продавца биткоинов нет никакого способа доказать, что покупатель фактически не получил Биткоин (даже если бы он его получил).

LocalBitcoins — Старейшая P2P биржа, которая начала свою работу в 2012 году. Она предоставляет все функции, которые вы можете ожидать от торговли P2P, такие как предложения по всему миру и несколько различных способов оплаты. Для безопасности каждой транзакции биржа предоставляет услуги депонирования платежей (эскроу), которое гарантирует, что обе стороны выполняют свои обязательства.

Биржа LocalBitcoins специализируется только на покупке и продаже биткоинов. Другие криптовалюты здесь нельзя купить. Но способов оплаты и фиатных валют поддерживается более 200, поэтому купить Биткоин через PayPal здесь тоже возможно. Создайте свое объявление, где способом оплаты будет PayPal или же поищите объявление о продаже через PayPal.

Платформа позволяет клиентам организовать личную встречу для проведения сделки. За время, проведенное вместе, они должны полностью завершить транзакцию. Конечно, вариант возможен только в случае совпадения местоположения трейдеров. Само название сайта говорит о том, что эта возможность считается в нем самой важной («местные» Биткоины). Это надежное средство повышения безопасности.

Создатель объявления платит LocalBitcoins комиссию в размере 1% от суммы сделки. Также существуют лимиты на размещение объявлений – новичок может создать не более пяти заявок. Есть два способа установки цены: точная или плавающая.

С недавнего времени, биржа ввела политику KYC. То есть, пользователи должны предоставить документы и подтвердить свою личность. В основном эта политика ориентирована на продавцов и крупных покупателей. Тем, кто покупает валюту стоимостью менее 1000 евро в год, разрешено предоставлять минимальную информацию.

Платформа зарегистрирована в Белизе и не требует верификации аккаунта. Для регистрации, достаточно подтвердить email и номер телефона. Комиссии за ввод и торговые операции отсутствуют. При выводе взимается сбор: 0,5% от суммы перевода.

Сервис отвечает всем базовым требованиям пользователей:

Мы лично протестировали платформу, совершили покупку криптовалюты, вывели её на внешний кошелек и можем рекомендовать её для совершения p2p сделок. Купить Биткоин через PayPal на платформе BitPapa очень просто.

LocalCoinSwap предлагает огромные преимущества своим пользователям, позволяя им торговать всеми популярными криптовалютами и цифровыми активами. Биржа также реализует условное депонирование и мультиподписи как гарантию безопасных операций.

Также LocalCoinSwap предоставляет пользователям право собственности на сам обмен через токенизацию в ICO с помощью системы Cryptoshare. Помимо этого для держателей валют проводятся регулярные airdrops новых монет. Биржа предоставляет впечатляющий выбор валют (в том числе более 20 фиатных) и поддерживает практически все виды оплаты, например:

BitZlato поддерживает более 70+ способов пополнения и снятия средств — Яндекс.Деньги, Киви, карты Тинькофф и Сбербанк, PayPal и многие другие, популярные среди российских трейдеров.

Платформа имеет несколько преимуществ:

Биржа BitZlato не требует обязательного прохождения верификации, но подтверждение своей личности будет полезным для тех пользователей, которые торгуют через p2p-обменник: уровень доверия среди других продавцов и покупателей к подтвержденным аккаунтам выше, а их объявления о сделках отображаются в «Безопасном режиме».

Биржа основана в 2015 году в США. Амбициозные разработчики Артур Шабак и Рэй Юсеф решили создать одноранговый рынок, который позволил бы продавцам и покупателям контактировать напрямую. Paxful выступает в роли посредника (брокера), предоставляя площадку для взаимодействия.

В первую очередь Paxful привлекает простотой и удобством. Оплачивать Биткоины можно с помощью фиатных денег, используя банковские карты, PayPal, Skrill, MoneyGram и даже подарочные сертификаты, например, iTunes или Amazon. Таких возможностей не имеет ни одна криптовалютная биржа в мире.

Чтобы новичок смог быстрее освоиться и найти надежного продавца, предусмотрена специальная обучающая программа. Кроме того, предусмотрена специальная кнопка «Найти лучшее предложение», что существенно упрощает и ускоряет торги.

Примечательно, что на PaxFul продавцы имеют возможность создавать свои собственные способы оплаты, поэтому их общее количество постоянно растет.

На момент написания статьи, это лучшие P2P биржи с возможностью купить Биткоин через PayPal. У каждой из этих бирж есть свои плюсы и минусы — все зависит от того, что вы ищете. Просто убедитесь, что вы открываете сделки только с проверенными трейдерами. Если вы ищете место, где можно купить Биткоин с карты — читайте эту статью.

Недавно стало известно, что PayPal заключил партнерское соглашение с компанией Paxos, занимающейся криптовалютами, чтобы запустить новую услугу. Пользователи PayPal скоро смогут покупать, хранить и продавать криптовалюты на территории США и в дальнейшем планируют расширять географию. PayPal планирует начать работу с Bitcoin, Bitcoin Cash, Ethereum и Litecoin. Paxos будет обеспечивать торговлю и хранение.

26 миллионов клиентов используют PayPal по всему миру. При проведении оплаты, средства пользователей, платящих криптовалютой, будут автоматически конвертированы в валюту после завершения транзакции. Таким образом клиенты PayPal не ощутят какого-то дискомфорта при совершении покупок.

How to Buy Bitcoin with PayPal (Stepwise Guide for Aug 2022)

Updated August 10, 2022

PayPal enables users to buy bitcoin through their website, the process is still limited, and new features such as withdrawal on the third-party wallet are in development. There are numerous services that accept PayPal as a payment method for buying BTC.

Recently, more and more people are being introduced to the concept of bitcoins. It has become popular among those people who want to move their money without being tracked or monitored by others.

Buying crypto with PayPal’s digital wallet may be a difficult task because PayPal is not an option for sellers. The good news is there are numerous other ways to use PayPal buying with bitcoin. For PayPal users who wish to hold crypto or use their digital currency, the best way to buy BTC with PayPal is via Coinbase.

In this tutorial, you will learn:

How to Buy Bitcoin with PayPal using Coinbase?

Here are steps to Buy Bitcoin using PayPal:

Step 1) Log in to PayPal and Select Crypto

You can check the option for cryptocurrency in the top right of the dashboard, next to ‘Send’ and ‘Request.’

Step 2) Select the Crypto Coin you want to purchase.

Here, we selected ‘Bitcoin.’

In this example, we have selected Bitcoin.

Step 3) Process for buying Bitcoin

In the next step, click on the ‘Buy’ button to complete your transaction.

Step 4) Select the Quality you want to buy

Enter the number of Bitcoin you want to buy

Enter an amount in dollars you want to spend on Bitcoin or choose a pre-set amount below.

Step 5) Select Payment Method

You are most likely to have your bank account linked to your PayPal accounts. However, you can Also, look for another method if you don’t want to use your bank account.

Step 6) Review and continue with your transactions.

Press the ‘Buy’ button.

Once finalizing your purchase, you will be taken to a confirmation screen, and you should check your coins reflected in your PayPal account dashboard.

Top Method to Buy Bitcoin with PayPal

Here are some other option places to buy bitcoins with PayPal in 2021.

1) Coinbase

Coinbase is a crypto exchange that can purchase crypto assets using PayPal, and it securely stores a wide range of digital assets in offline storage. This crypto platform provides supports more than 100 countries.

Features:

2) Paxful

Paxful is the popular P2P marketplace to buy and sell Bitcoin with more than 350 payment methods. This Bitcoin crypto wallet is easy for beginners and veterans alike to make a profit.

Features:

3) LocalCryptos

LocalCryptos is a multi-crypto P2P platform currently allowing users to buy and sell Bitcoin, Ethereum, Litecoin, and Dash with fiat currencies. It enables you to buy bitcoin with fiat currency using internationally accepted payment methods like PayPal.

Features:

4) xCoins

xCoins.io is a P2P exchange that uses the lending model to connect lenders to people who need crypto loans. It offers near-instant access to new Bitcoins, as well as the opportunity to borrow and lend for Bitcoins.

Features:

How to buy Bitcoin with Paypal using eToro, xCoins, Paxful?

Here are steps to buying Bitcoin with Paypal:

Step 1) Sign up:

Create a free user account using Coinbase, eToro, XCoins, LocalBitcoins, and LocalCryptos platforms. Make sure you have a PayPal account. If not, create that also.

Step 2) Load the PayPal account.

Loading your PayPal account with money using your Visa or MasterCard credit and debit card. You can also deposit from the bank via the card to PayPal.

Step 3) Buying from Coinbase:

Then you l need to log in to Coinbase or eToro and select PayPal as the payment method. You can connect the PayPal account to Coinbase using an API in the process and then deposit the desired amount from PayPal to Coinbase, Paxful, eToro, etc.

The seller requires to release crypto to the escrow service before you can transact. This is very important for you to not lose money from any fraud or scammers.

Step 4) Receiving crypto in your wallet:

This is the last step towards buying Bitcoin with PayPal. On a peer-to-peer platform like LocalBitcoins, you will already have a wallet address when you sign up with the platforms. Therefore, after the seller releases the cryptocurrency, it reflects as a balance on your account.

How to buy Bitcoin using Paypal.com?

However, you should remember that you can’t withdraw Bitcoin from your PayPal digital wallet, but you can use your BTC to pay online for all the merchants who want to integrate with PayPal’s digital wallet.

To use PayPal for purchasing Bitcoin, simply login to PayPal.com (Only available for US users), and you will see that there is an option to buy crypto using PayPal. You need to click on it, and you will get on the SSL secure page where you can complete your purchase and buy Bitcoin using the PayPal app.

❓ What is the best method to buy Bitcoin with PayPal?

There are generally two methods to buy Bitcoin with PayPal, one is by using a cryptocurrency exchange, and the other is by buying it directly from a seller.

For example, if you want to buy Bitcoin through an exchange, you need an account with that platform. The most popular exchanges in the market are Coinbase and Paxful.

✔️ What are the best Crypto exchanges to buy Paypal

Following are the best Crypto exchanges to buy Papal:

⚡ What cryptocurrencies does PayPal support in US?

Cryptocurrencies supported by PayPal in US are:

🚀 Does PayPal Accept Bitcoin as a Deposit Method?

PayPal is one of the most popular online payment systems. It helps you to send and receive money with ease. It also allows Bitcoin as a deposit method for its services. You can use it to pay for your PayPal transactions. PayPal has the “Pay with Bitcoin” feature, which allows you to use BTC in all their services, including buying goods and services online.

🏅 Is there a PayPal Bitcoin Wallet?

No, PayPal does not integrate Bitcoin and does not have any wallet.

👉 How much does it cost to buy bitcoin with PayPal?

It depends upon which trading platform you use. For example, if you go with eToro, you will not have to pay any transaction fees or commissions when buying Bitcoin. Moreover, PayPal deposits do not come with any charges attached, meaning you can cost-effectively invest in Bitcoin.

❗ What are the Pros and Cons of buying Bitcoin with PayPal?

Here are some important pros of buying Bitcoin with PayPal:

Pros:

Here are some important cons of buying Bitcoin with PayPal:

Cons:

⚡ Why don’t more exchanges support PayPal?

However, if you still want to persist with PayPal as a preferred payment method, consider using Coinbase and Paxful crypto exchanges. They offer very low fees and support the most popular fiat currencies.

How to Buy Bitcoin with PayPal Account [Best Working Methods]

One of the biggest problems today in Bitcoin is the fact that it can’t be bought very easily.

PayPal has been very unfavourable of Bitcoin in the past 2 years and it’s still a problem to find credible places to buy Bitcoins with your PayPal account.

There is a simple reason why PayPal won’t allow this. There are many chargeback cases created by scammers who use PayPal to purchase Bitcoin from you and then they claim that they didn’t receive anything. This way they get to keep their Bitcoins and their money.

But first thing first, there are no ways to buy Bitcoin with PayPal directly because Bitcoin transactions are irreversible. However, there are certain indirect ways to work around restrictions using services and marketplaces so that you are able to purchase Bitcoins using PayPal money.

In this tutorial, I have highlighted some of the best ways by which you can buy Bitcoins using your PayPal account.

There are exchanges that allow you to buy Bitcoin with your PayPal account. However, you can buy it in a limited fashion because they too want to protect themselves from chargebacks. After you’ve proven your intent and investment, these exchanges eventually lift holds. Of course, they charge a small transaction fee. However, it’s better to pay a fee than having to take risks with wire transfers or cash exchanges.

Here are all the listed sites from where Bitcoins can be bought using PayPal:

What you’ll learn 👉

Buy Bitcoins using PayPal and WirexApp

Wirexapp is one of the best ways for those who are looking to purchase Bitcoins with their PayPal account on a consistent basis. This method would take 1-2 days for the first time. After that it’s all instant. You will be able to use your PayPal funds to Buy Bitcoins if you follow the steps mentioned in this tutorial. Wirexapp can be used for PayPal accounts within these countries:

Botswana*, Bulgaria, Bahamas, Bahrain, Georgia, Gibraltar, Chile, Croatia, Estonia, Liechtenstein, Lithuania, Luxembourg, Latvia, Lesotho, Jordan, Kazakhstan, Indonesia, Italy, Honduras*, Iceland, Moldova, Morocco, Malta, Mauritius, Malaysia, Mozambique*, Slovakia, Slovenia, Senegal*, Serbia, San Marino, Saudi Arabia, Philippines, Romania, Oman, United Arab Emirates and Uruguay.

Click on Add a new card.

You will enter here the virtual debit card detail that you got from Wirexapp.

Now, login to your Wirexapp account. Under transaction you will find the confirmation code to verify your debit card.

Confirm the code. After that, you will see a success message like this.

Click on close. Now you are all set to start buying Bitcoins with your PayPal account. Now all you need to do to buy Bitcoins using your PayPal money is to withdraw money from your PayPal account to linked Wirexapp debit card, which usually takes between 1-7 days.

Once your funds are withdrawn to your linked card, you can use Wirexapp interface to Purchase Bitcoins. This is one of the best ways for those who are looking to use their PayPal money for buying Bitcoins at market rate, and all other methods usually cost you extra for Bitcoin purchase.

Use Wirexapp to get your first free virtual debit card (VISA powered) (if you are in the countries listed above), and use it to buy Bitcoins using PayPal money.

Use VirWox to Buy Bitcoins wit PayPal

UPDATE: unfortunately, since October 26th, VirWox no longer supports paypal.

VirWox is the most popular way of buying Bitcoins using PayPal (at the time of writing this article).

There are some things that you should know about VirWox before we get started:

Just follow the steps mentioned in this tutorial and you will have your Bitcoins with you.

Purchase SLL with Deposited amount:

Purchase BTC with SLL:

So far, you have already bought SLL with your PayPal account. Now, click on BTC/SLL under exchange.

Click on next. Confirm your order. It’s important to note that the exchange commission is 50 SLL + 3.90%.

Click on place order! Your transaction will be confirmed within few seconds. Here is the success screenshot.

Now you can withdraw your Bitcoins into a wallet address. I assume you already have one. However, if you don’t have a wallet address, click here to create a free account on Coinbase and get a Bitcoin wallet address.

How to Withdraw BTC from VirWox to Your Bitcoin Wallet

Click on withdraw under my account. Add your Bitcoin Wallet address on the next page.

Note: You will be charged a handling fee of 0.004 BTC per withdrawal. Most Bitcoin withdrawals are processed instantly. However, new accounts are checked manually and they will be processed within 48 hours. When the withdrawal has been processed, you will receive an email confirmation.

Considering the exchange rate and the fees, the overall BTC that you will get using PayPal money is minimal. But again, for those who are looking to purchase Bitcoins with their PayPal account, this is one of the most verified and authentic way.

There are other ways too by which you can buy Bitcoins using PayPal. However, they are not as risk free as one offered by VirWox.

Other Ways to Purchase Bitcoins Using PayPal

LocalBitcoins

LocalBitcoins is another marketplace where you can buy Bitcoin using PayPal, but you need to be careful while picking the seller.

Click on trader name to check his feedback and trade volume, which will give you a good idea of how credible the seller is. You can see an example of a credible seller in the screenshot below:

I have used LocalBitcoins in the past to buy Bitcoins using cash and it worked fine for me. Again, you need to be very careful and smart when using Localbitcoins to make a purchase.

Paxful

Paxful is another popular way for users who want to buy Bitcoins using PayPal, Gift cards, Skrill, Payoneer to name a few. Paxful is similar to LocalBitcoins, but with cleaner user interface.

The process of purchasing Bitcoins at Paxful is really simple:

Once the trade initiates you will be sent in to an online chat with the seller to finalize the deal. The seller’s Bitcoins will be sent into Escrow and they will be released into your account once you mark that you’ve sent your payment. It’s important to note that if the deal isn’t finalized within a certain timeframe (usually 30 minutes), it will be auto-cancelled.

Conclusion

I will keep testing new methods that let us purchase BTC using PayPal, and I’m currently testing LakeBTC for BTC purchase with PayPal.

For now, you should try one of these two methods to purchase Bitcoins instantly using your PayPal account.