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People often look up to prefer a safe and secure trading platform for dealing with bitcoins. Similarly, the payment options also carry the utmost importance in this field. Amongst all the available options, PayPal is one trusted network that offers an ideal structure of payouts. PayPal has integrated superior encryption to keep the accounts safe on every transfer.
Therefore, in this article, you will know about some of the possible methods using which you can buy bitcoin with PayPal.
Bitcoin Purchase With eToro
If you are planning on making a bitcoin purchase with PayPal, then eToro can be your best bet. There are certain limitations in it, but it is still pretty convenient to enable you to use PayPal for buying bitcoin. There is many exchange software that denies supporting PayPal payment, eToro helps you pay with your desired mode.
The eToro platform is probably the most seamless exchange for gaining more Bitcoin exposure. The role of eToro is to speculate on the price of Bitcoin but still allows you to access the coins. There are many countries eToro is accessible, whereas some countries such as Afghanistan, Albania, Ethiopia, and others do not have it.
Bitcoin Purchase with LocalBitcoins
LocalBitcoins is a market place where the sellers and buyers connect directly to purchase with PayPal. LocalBitcoins is not a trade exchange platform as it allows you to deal with an actual person on the other end. Here, you need to look for the seller’s credibility before you go ahead to buy or sell the bitcoin.
The price for buying the bitcoin over this platform is often high, as the sellers are taking the risk of chargebacks. This is not probably that bad about the platform, as you will get the bitcoins faster than usual. Enter the parameters such as the number of bitcoins and the searching country over LocalBitcoins.
Now, you will get a list of sellers, and you need to pick one as per your consent. Choose the seller after checking some of the important attributes such as feedback score, count of confirmed trades, account age, number of people trusting the seller, and number of people who blocked the seller.
After you have chosen the seller, you can go ahead and complete your trade. You will be taken to the trade screen to give you information on price, trade limits, payment window, and location. Consider all the factors, after which you can make your bitcoin purchase with PayPal.
Bitcoin Purchase with xCoins
The xCoins is a Bitcoin lending platform where they are giving it to you as a loan. The buyers can purchase with PayPal seamlessly as it allows over the platform. There is a short ID verification process that the platform does on your bitcoin request. After processing your request and ID verification, you will be asked about the quantity you want to borrow. After you have mentioned the asked details, you will be given the details of PayPal processing fees along with the fixed amount of the bitcoin and interest price.
This is one of the many methods that allow you to avail bitcoins using PayPal. This is an easy process, but you need to agree to a loan agreement before you go ahead and make the payment.
Bitcoin Purchase with Paxful
Paxful offers similar services as that of LocalBitcoins but is less known. This is also a market place that allows you to buy bitcoins from sellers using PayPal. You need to create an account and then choose PayPal as your payment method. You can go ahead with choosing any of the payment options that are appropriate for you, but PayPal is a more secure network that is preferred by most people.
Paxful allows you to choose your seller. If you find it difficult or confusing, then let Paxful help you choose your seller. After initiating the trade, you can chat with your seller to finalize the deal.
These are a few of the genuine methods that you must keep in mind before you plan on buying bitcoin with PayPal. These are the genuine platforms that accept such payments and make purchasing bitcoin an easy task. So, next time you plan on buying bitcoin through PayPal, consider any of the above methods to do it seamlessly.
