Bitcoin is a digital payment currency that utilizes blockchain technology to create and process peer to peer transactions. It is considered as the biggest cryptocurrency and is also referred to as ‘cash for the internet’.It was supposed to be fast and flexible.
Quick Ways To Buy Bitcoin With PayPal In 2020!
As a convenient service, PayPal would seem like a good fit for Bitcoin. It would be easy to buy Bitcoin through Paypal and the online payment service Paypal started this service at the beginning of 2015. Read on this article till the end to know the quick ways to buy Bitcoin with PayPal in 2020.
How to buy Bitcoin with PayPal account quickly?
This is a marketplace where you can find a wide variety of sellers from around the world. Buyers can connect directly with the sellers. But you need to be careful while selecting the sellers. The chance of getting scammed is very high.
However, this is the best way of buying Bitcoins through PayPal.The other major disadvantage of LocalBitcoin is that the sellers may charge a huge premium for fees. The advantage is that you will get Bitcoins faster than usual transactions.
Steps for using LocalBitcoins
- Enter the number of Bitcoins and from which country you need the Bitcoin
- Now you can see the list of sellers available in the selected country
- Select the seller by checking the feedbacks and ranks
- Do the payments and complete the trade
This is the easiest way of buying Bitcoins through PayPal, but not available worldwide. Even though you can buy and sell Bitcoins easily, you can’t withdraw or send your Bitcoins to others. Only you can do is to change it into fiat currencies.
This is similar to LocalBitcoins but with cleaner UI. For the transactions through Paxful, you require a verified USA PayPal account. For getting a verified account, you should link your bank, debit card, and ID proof with the account. Sellers may also ask you for ID cards before the trade to confirm your identity
xCoins are a Bitcoin lending service. You can buy Bitcoins with PayPal through xCoins.Actually, they are not selling Bitcoins, instead, they are loaning you Bitcoins. The steps for buying Bitcoins through xCoins are
- Login to the xCoin site
- Say you want to loan Bitcoins
- Verify your identity
- After verification, you will get a request to deposit the USD equivalent to the Bitcoins you borrow, processing fees and the interest for the loan.
There is no way to buy Bitcoins easily and quickly other than PayPal.The main advantage of PayPal is that you can accept and make payments without providing any financial pieces of information. It ensures security for all the transactions between buyers and sellers using debit or credit cards that PayPal supports. This platform simplifies the customer checkout process through the one-touch step to speed up the sales and to increase corporate growth.
We hope that now you all got information about the quick ways to buy and sell Bitcoins through PayPal.Please let us know your comments and queries in the comment section below and we will try our best to reach out to you.