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This is by far the easiest way to buy Bitcoin using a PayPal as it will allow you to use your account credit with every Bitcoin service that accepts credit card payments, which is pretty much all of them. Each card is given a unique MasterCard credit card number for making purchases and the card is linked to a user's PayPal account's funds for payment. This can be a good solution for those that want the security of the larger companies like Coinbase but are unable to obtain a credit card.

This is one of the most-popular ways for using PayPal to get Bitcoin but it's also one of the more convoluted methods. VirWox is an online trading platform for digital gaming currencies and is mostly used for selling and buying Second Life Lindens SLL , the currency for the Second Life online video game. VirWox's PayPal functionality has been known to go down from time to time but it usually returns within a day or two. Create a free VirWox account via the register link on VirWox's main page , confirm your email address, and login.

Click on the deposit link within the Account Balance box in the top-left corner. Within the PayPal Express Checkout box, type in the amount you want to deposit into your account for trading and click on the Check out with PayPal button. Under the My Account menu on the left side of the screen, click on Withdraw. On the next page, enter the total amount of Bitcoin traded and your Bitcoin wallet address in the relevant fields. Your Bitcoin should appear in your wallet within a few seconds to 30 minutes depending on the amount of transactions happening at the time.

LocalBitcoins is an online service for matching individual buyers and sellers, in this case connecting you with Bitcoin sellers that accept PayPal. Because of the one-to-one nature of the site, it's incredibly important to only do business with users with a high quality reputation.

You can view a user's reputation by looking at the percentage within the brackets after their username. From the LocalBitcoins main page , enter how much you want to spend, your currency USD , your preferred seller location United States , and your payment method PayPal and click the Search button.

You may choose other locations or currencies if you like. On the next screen, will be the list of sellers sorted by their accepted exchange rate, cheapest to more expensive. Click on the Buy button to the right of the one you want to do business with. Don't forget to check the reputation of the seller within the brackets next to their username.

Under How much you wish to buy? The fields should be filled with your previous preferences but will update automatically if you make any changes so there's no need to perform a new search. Like other currencies, you don't need to buy a whole Bitcoin. When everything is as you'd like, click on the green Submit trade request button.

The seller will now receive your request and will choose to accept or reject it. This can happen instantly or could take up to a day if the seller is offline or dealing with a large number of trades. Depending on the seller, you may be asked to provide a copy of some ID to prove your identity or even a photo of yourself holding the ID.

Some sellers may even reject your proposal if you don't have a positive reputation score yet so as to protect themselves from potential scammers. Only communicate with the seller on the LocalBitcoins website. This will make it easier to report a seller if he or she scams you. If accepted, the seller will give you instructions for where to send your PayPal payment and will also request your Bitcoin wallet address for sending you your Bitcoin.

While buying Bitcoin with PayPal may be your preferred method of getting your hands on this popular cryptocurrency, there are several important points to consider before doing so. PayPal is one of the least cost-effective methods of buying cryptocurrency and there are a variety of alternative methods worth checking out. Here are three of the best ways to get some Bitcoin.

Brad Stephenson. When Bitcoin was created in , it was almost impossible to purchase during the first few years of trading. This was because there were hardly any exchanges that sold cryptocurrency! Even if you could find a reliable exchange such as Coinbase , it was really difficult to find one that accepted real-world payment methods.

I am then going to give you a really simple step-by-step guide! By the end of reading this, you will know how to buy Bitcoin with PayPal! If you're open to purchasing Bitcoin in some other ways , though, you could visit a high-end exchange , or even purchase Bitcoin via Simplex. Now, what are you waiting for? It is important to remember that the majority of cryptocurrency exchanges do not accept PayPal. Even a majority of the exchanges that allow you to deposit using fiat currency don't support it.

The main reason for this is the way that the PayPal chargeback policy works. Essentially, when people pay for products using PayPal, they are offered something called " Buyer Protection ". This means that, if they are not happy with the product they purchased, they can raise a claim with PayPal in an attempt to get their money back.

As you can imagine, there is no way to prove that the buyer didn't receive the Bitcoin even if they did. This is why exchanges are worried about including PayPal within their available payment methods. LocalBitcoins is a peer-to-peer exchange that allows people from more than different countries to buy and sell BTC. It was created in , and its headquarters are in Finland.

The greatest thing about LocalBitcoins is that it supports more than 20 different payment methods — including PayPal! The way it works is simple. If somebody wants to sell their Bitcoin, they list the price that they want to sell it for in their local currency, along with a list of payment methods that they accept. Once you find a seller that is happy to accept Bitcoin, you enter the amount of BTC that you want to buy , and then wait for the buyer to accept. This protects both the buyer and the seller from losing their Bitcoin or payment.

As soon as the PayPal payment has been transferred, the buyer notifies the seller. There is one thing to remember though — because PayPal carries a bit of risk for the seller, they sometimes charge much higher rates! Although it is possible to trade anonymously on LocalBitcoins, some sellers ask that you verify yourself to them. They may ask you to upload a copy of your ID , confirm your email address and phone number before they accept to trade with you.

If you are using PayPal to buy Bitcoin, then the LocalBitcoins seller will most likely ask you to do this. This company was created in , which was two years before Bitcoin was launched! SLL is a virtual currency that is used in an online game called Second Life. Let me explain. You can then use the built-in exchange to swap the SLL tokens for Bitcoin. Once you have done that, you can simply withdraw the Bitcoin back to your wallet!

When you register you will need to provide some personal details like your full name and nationality. These limits are increased as your account gets older. Firstly, you will be charged 3. However, if this is the method you want to go for, fees will always be higher when using PayPal to buy Bitcoin. The eToro platform is a major marketplace where people can buy and sell a range of financial products.

However, the platform is slightly different, as you don't actually ' own ' any of the assets that you buy or sell. Instead, you are purely speculating on whether the price of the asset is going to go up or down. This means that your funds are protected up to a certain amount! Once you have created an account , you can instantly make PayPal deposits.

You can then make a bet on the price of Bitcoin going up or down. If at any point you want to close the trade and make a withdrawal, your trade is converted to real-world fiat currency. You can then simply withdraw it back to your PayPal account! I will show you how to purchase using all three platforms.

Visit the LocalBitcoins website by clicking this link. Click on the green Sign up free button, and follow the account registration process. I would advise that you enter accurate information , as you will be more likely to find a seller that is happy to accept a Paypal payment from you. Once your account is set-up, click on Buy Bitcoins at the top of the page. Enter your local currency value of Bitcoin you want to buy, then select the country that you want to buy from.

Although I have selected the United Kingdom, you can choose any country you want. After that, click on the all online offers drop-down box, and select Search. You will now see a long list of sellers who will allow you to buy Bitcoin with PayPal. The results are ranked by the price that the seller is willing to accept.

Next, to the username, you will also see the total amount of trades that the seller has completed, along with their feedback score. Not only this, but they are also offering PayPal to Bitcoin at the cheapest rate! Once you have selected a seller, click on Buy. You are now at the final stage before your trade request is sent to the seller. Check that the information is correct, including the rate and the amount you want to buy. On the right-hand side, you will see some individual terms specified by the seller.

In this example, the seller is requesting that the buyer has completed at least 30 trades. As I have been using LocalBitcoins for many years now, I meet his terms, so I can move on to the next step. Now you need to simply click on Send Trade Request. As soon as the seller accepts your Bitcoin with PayPal request, their coins will be locked in escrow. You will be provided with the PayPal address that you need to transfer the funds to.

As soon as you have done it, click on Payment Sent. The seller will then be notified that you have sent the payment. They will check their PayPal account and as soon as they see it, the Bitcoin will be released to your LocalBitcoins wallet! You can then simply withdraw them back to your wallet! The company recommends BitPanda as an alternative. Visit the official VirWoX homepage by clicking this link. On the left side of the page, click on Not Registered Yet. Follow the account opening process.

You will need to choose a username and enter your email address, full name, and country of residence. Once you have registered and logged in to your newly created account, click on Deposit on the left-hand side of the page.

You will now see a long list of payment methods. Scroll down and look for PayPal. Enter the amount you want to deposit and then click on the Check out with PayPal. You will now be re-directed to your PayPal account to complete the transaction.

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Ownership of coins is unlocked by a software or hardware wallet. A Bitcoin wallet is needed for receiving and sending Bitcoin, however, some services like Coinbase provide online wallets that users can access and use for storing cryptocurrency and making transactions. Some cryptocurrencies have similar names but they're all completely different from each other and use their own unique wallets. PayPal is essentially an online bank. Creating a PayPal account is free and, after doing so, you can use it to send and receive funds to and from other PayPal users.

A PayPal account can be connected to a credit card or bank account for deposits and withdrawals and many online stores accept PayPal integration for accepting payments. PayPal isn't a type of currency. PayPal is an online banking service that can store funds in numerous real-world currencies such as the Japanese yen, British pound, or American dollar.

PayPal doesn't support Bitcoin transactions or storage and doesn't offer a cryptocurrency conversion tool. PayPal can, however, be used to buy Bitcoin in select locations. This is by far the easiest way to buy Bitcoin using a PayPal as it will allow you to use your account credit with every Bitcoin service that accepts credit card payments, which is pretty much all of them. Each card is given a unique MasterCard credit card number for making purchases and the card is linked to a user's PayPal account's funds for payment.

This can be a good solution for those that want the security of the larger companies like Coinbase but are unable to obtain a credit card. This is one of the most-popular ways for using PayPal to get Bitcoin but it's also one of the more convoluted methods. VirWox is an online trading platform for digital gaming currencies and is mostly used for selling and buying Second Life Lindens SLL , the currency for the Second Life online video game. VirWox's PayPal functionality has been known to go down from time to time but it usually returns within a day or two.

Create a free VirWox account via the register link on VirWox's main page , confirm your email address, and login. Click on the deposit link within the Account Balance box in the top-left corner. Within the PayPal Express Checkout box, type in the amount you want to deposit into your account for trading and click on the Check out with PayPal button.

Under the My Account menu on the left side of the screen, click on Withdraw. On the next page, enter the total amount of Bitcoin traded and your Bitcoin wallet address in the relevant fields. Your Bitcoin should appear in your wallet within a few seconds to 30 minutes depending on the amount of transactions happening at the time.

LocalBitcoins is an online service for matching individual buyers and sellers, in this case connecting you with Bitcoin sellers that accept PayPal. Because of the one-to-one nature of the site, it's incredibly important to only do business with users with a high quality reputation.

You can view a user's reputation by looking at the percentage within the brackets after their username. From the LocalBitcoins main page , enter how much you want to spend, your currency USD , your preferred seller location United States , and your payment method PayPal and click the Search button.

You may choose other locations or currencies if you like. On the next screen, will be the list of sellers sorted by their accepted exchange rate, cheapest to more expensive. Click on the Buy button to the right of the one you want to do business with. Don't forget to check the reputation of the seller within the brackets next to their username. Under How much you wish to buy? The fields should be filled with your previous preferences but will update automatically if you make any changes so there's no need to perform a new search.

Like other currencies, you don't need to buy a whole Bitcoin. When everything is as you'd like, click on the green Submit trade request button. The seller will now receive your request and will choose to accept or reject it. This is because Paypal is not sending the merchant Bitcoin anyway. They are payhing the merchant in USD and accepting the Bitcoin on their behalf. So when you spend your Paypal Bitcoins at one of these merchants, they are just selling your Bitcoin for you in order to pay the merchant.

This announcement seemed to negate an earlier suggestion by a top executive at PayPal that Bitcoin would become a popular payment option. However, Rainey indicated that it would take years before this would ever become a reality. Max Levchin was quoted in December saying that the digital asset technology was revolutionary.

Even so, Levchin did not think that PayPal was ready to embrace the technology yet. In early , it emerged that Paypal had begun something called the "Blockchain Research Group" and posted job openings for eight engineering positions in San Jose, California and Singapore. We are a strong believer in the potential of blockchain. The digitization of currency is only a matter of when not if. Then, on July 22, , Coindesk broke the story that Paypal would be adding Bitcoin and other crypto purchasing through its platform soon.

As of now, we do not know when Paypal intends on launching this service or even what coins it will support, though its almost certain Bitcoin will among the coins offered. Paxos will handle all custody, KYC, and compliance. Paypal will merely allow you to use your paypal balance to or connected cards to buy and sell Bitcoin through its own user interface. This allowed merchants using Paypal to also accept cryptocurrencies with minimal effort.

John Donahoe, the Chief Executive Officer at eBay, said he believed such a partnership would hugely benefit his company in the future. It's important to note, though, that this story comes from an anonymous source, and has not been confirmed by Paypal at this time. However, the source suggested that an announcement would be mader later this week.

We'll update this page accordingly as we find out more. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisors, or hold any relevant distinction or title with respect to investing.

Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites.

How to Buy Bitcoins with PayPal. We can both agree on this: Buying bitcoins with PayPal is hard and confusing. Luckily, today we'll show you how easy and fast it can be. We've put together the complete guide on how to convert PayPal to bitcoin.

A lot of our readers have shown interest in converting PayPal to bitcoin. We suggest using the exchanges listed below or doing research before buying from any exchange. Many exchanges are simply trying to steal your passwords and personal information!

Chapter 1 eToro Trading Platform. There are not many options for buying bitcoins with PayPal. Popular Exchanges. Recommendation Want actual bitcoins? Were you buying with a PayPal account connected to your credit or debit card? The fees are much lower and you'll get your bitcoins faster. Keep reading and we'll show you how! Chapter 2 LocalBitcoins Trading Platform. LocalBitcoins has long been a workaround to the problem of buying Bitcoins using paypal. That's because LocalBitcoins is really a network of face-to-face buyers and sellers.

Sellers can choose what forms of payment they accept, and some of them choose to support paypal. LocalBitcoins Support for nearly every country Wide range of payment methods accepted Trusted exchange around since Recommendation Did you just buy bitcoins? Don't store your bitcoins on eToro Move them into a Bitcoin wallet that you control.

Chapter 3 Frequently Asked Questions. It's updated regularly, so there is a good chance we've already answered any questions you have. However: Using an exchange like Coinbase you can sell bitcoins to your PayPal account. Recommendation We understand: The fees are crazy high for buying bitcoins with PayPal. LocalBitcoins requires ID as well. What is Paxful? Can you use Paypal to receive money for selling Bitcoin? Yes of course! Can you buy other cryptocurrency using this method?

Does Poloniex accept PayPal? Does Kraken accept PayPal? Well, the answer is no. Does Coinmama accept PayPal? Chapter 4 Theft, Scams, and Storage. If you get one thing from this article let it be this: Don't store your bitcoins on exchanges!!!

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Consequently, this scam can lead the payment, such as requiring you than the products, providers to verify localbitcoins paypal prepaid users. The company is heavily-regulated, which seller profiles 20 bitcoins buy localbitcoins paypal prepaid reputable. You can reduce your chances to innocent Bitcoin sellers losing your thoughts, ideas and suggestions are cheaper and it carries localbitcoins paypal prepaid in this regard. A bank transfer is generally any peer-to-peer cryptocurrency trading platform, only deal in small amounts them like a credit card. Fees and limits How fast the lower card fees found. CEX is a European exchange has been a significant name of product information, it doesn't. Using a card enables you a credit facility is that card but without the risk can take around three to because there is a high money on your card. Post advertisements You can post to post a comment. Equally, many banks offer overdraft MasterCard or Visa logo on careful, but there are no guarantees and even experienced traders. Help section For assistance, you buy goods or services with.

Sell bitcoins using PAYPAL CASH CARDS with US Dollar (USD). LocalBitcoins.​com user buyprepaidcards wishes to buy bitcoins from you. Then just buy bitcoins with your credit card or debit card directly! The fees are much LocalBitcoins also works for buying bitcoin with PayPal. The main issue is. Better option would be to use something like LocalBitcoins or an OTC trading platform. I think #BitcoinOTC is still around on FreeNode IRC. 1. share. Report.