Unlike the period when Bitcoin first appeared, it is much easier to buy cryptocurrency today. There are a number of ways to do this, including cryptocurrency exchanges and Bitcoin ATMs. You may once have needed to attend crypto meetings and chat rooms while hoping to meet people who are willing to sell their tokens. However, trying to buy cryptocurrencies through Paypal is one of the most popular options. Thanks to the new services, there is the possibility of buying, selling, and storing cryptocurrencies within this account on this platform.
So, PayPal is one of the most cost-effective methods of buying cryptocurrency. It can also be difficult and confusing. If you are not sure how to obtain crypto with your PayPal account, read the explanation in the rest of the text. We will try to tell you more about this process, that is, how to do it the fastest and easiest way.
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Using PayPal
All you need is a personal or Premier PayPal Cash / plus account. If you already have one, the next step would be to verify certain account information during your first purchase. However, if you have not had the opportunity to use this account so far, you need to do so first. Pay attention to your bank account or debit card that you use as a source of financing when purchasing
Crypto Assets. For example, a bank may charge its fees. In that case, PayPal will not be liable for it as well as for Cryptocurrency price fluctuations. Either way, PayPal works 24/7 to prevent potential fraud.
Buying BTC with PayPal
Once you have obtained your PayPal account you need to purchase a BTC. Whether you use a website or an application, the process is similar. So, find an option to buy bitcoin – it is mostly displayed at the top of the page. Then, decide on the desired cryptocurrency. The options you have on PayPal are Bitcoin, Litecoin, Bitcoin Cash and Ethereum. Don’t skip the cryprocurrency section, as you can prevent risk. You can now select amount of Bitcoin to purchase or opt for a special amount. You can also read a brief description of what you bought.
Either way, you will proceed by first confirming the information offered with which you need to agree. This applies to the terms of PayPal when it comes to cryptocurrency trading. The funniest part follows! After all this, you can access the real purchase of Bitcoin, and you need to enter the amount and then go to the next screen. You will then see your bank account or the credit / debit card you are using for this purpose.
Of course, you can add others. You need to continue with the store and review your purchase. There you will also find fees that are quite reasonable. Finally, click “Buy Now” when you are ready. If you encounter problems, you can find out more info at smartbitcoininvestments.com
Trading platforms
This is a place where cryptocurrencies are sold and bought. It is important to note that you will not be able to use certain platforms for these purposes, but there are a few basic ones that you can certainly use. For example, these are Etoro, Paxful, XCOINS, LocalBitcoins, and Wirex.
1. Etoro
This platform allows traders and investors access to several thousand different financial assets. This applies to stocks, cryptocurrencies, ETFs, indices, etc. Investment opportunities are short-term, medium-term, or long-term. Access is provided to everyone, and low fees are also present. After researching this platform a little more, you will notice that there are no spreads, hidden costs and you acquire legally on the fixed asset. However, let’s focus on cryptocurrencies…
CFDs as complex instruments also bring with them high risk. We mean the risk of losing money, but of course, this can be avoided. All you need to do is get enough information about how CFD works and consider whether you can afford this risk. However, this platform offers a diverse market, has a good reputation and an acceptable interface as well as low fees. People also consider it the easiest way to buy cryptocurrencies when it comes to PayPal.
2. Paxful
This market offers several hundred ways to pay its customers, but also the ability to create offers in all currencies. It is also a very reliable platform with a simple user interface. It’s a peer-to-peer marketplace, and if you decide to buy cryptocurrency through Paxful you need to have a US PayPal account. After the supplier receives all the information about you, the verification is performed and a simple procedure follows.
All you need to do is open an account. Then, decide on the method of payment, the amount, the seller, and start the store. After making the purchase, you can view it in your Paxful wallet. If more than half an hour has passed since you made the purchase and you have not yet concluded the deal, it will be canceled.
XCOINS
It’s a peer-to-peer platform. It is still being upgraded and expanded, which makes it more and more popular. Either way, you get a new and improved website as well as an easy way to invest in cryptocurrencies. Customers are extremely satisfied with these services, and they are even more looking forward to the improvements.
This refers to hosted custodial wallets for storing cryptocurrencies, a fully managed affiliate program offering 20% commission, etc. Either way, it is very easy for beginners and a great opportunity to earn some extra money. However, new users will also have a problem with transaction restrictions. It is important to note that in this case, cryptocurrencies are only borrowed, but not sold. It is a purchase for a limited time only.
Fees are generally high.
LocalBitcoins
This is a person-to-person platform with which you have the ability to create offers in all currencies. You can also use it in all parts of the world, and it provides a large selection of buyers and sellers. We must not forget the diversity in the method of payment. This is a platform with which you will close the deal very quickly and keep your privacy. However, there is a lack of diversity in cryptocurrencies.
Wirex
This platform allows you to transfer digital and traditional currencies around the world. It is very easy to send and receive payment, because it automatically converts the cryptocurrency at the point of sale. You can spend your money anytime and anywhere from your account. It accepts a large number of currencies, multiple financing methods and much more.
Conclusion
We hope this information has helped you make smart decisions with your money. It may not seem that simple, but the best way to buy bitcoin. So you only need to follow the steps by which you will be able to buy your cryptocurrency.
