Bitcoin is the first cryptocurrency, and to this day it is the most popular. One of the main advantages of purchasing Bitcoin is the simplicity of this operation due to the demand from users, both for sale and purchase. This means that you can always find where to get digital coins, but you can also pay using the most convenient means for yourself. For example, crypto investors often want to buy Bitcoin for PayPal, and there are several ways to do this.
Main methods for purchasing Bitcoin cryptocurrency
To purchase Bitcoin using the PayPal e-wallet, you need to use one of the available methods:
Cryptocurrency exchanges. Having found a crypto exchange that accepts PayPal, you need to register on it. The verification procedure is not considered mandatory, but it is advisable to go through it in order to minimize the likelihood of problems when withdrawing funds and reduce the risk of blocking your account. After creating an account, you need to top up your balance. Then you can view existing applications or create your own order indicating your terms of transfer from PayPal to BitCoin cryptocurrency. When responding to a suitable offer or when a counter offer appears, a deal is automatically concluded, in which the exchange acts as an intermediary and guarantor. If necessary, the exchanged funds are withdrawn. It is worth noting that financial transactions are accompanied by commissions.
Online exchangers. First, you need to choose an exchange site where you can exchange PayPal USD to Bitcoin (BTC), for example, from the following list: https://www.bestchange.com/paypal-usd-to-bitcoin.html. Then, on the exchange site, a form is filled out, which usually consists of such fields as the transfer amount, the PayPal e-wallet number and the Bitcoin wallet address. After confirming the transaction in the payment system, all that remains is to wait for the receipt of digital coins.
P2P exchange. You can find a partner for a direct transaction among your friends, but if there are none, then you should look for ads or post your own on thematic forums, groups on social networks and other Internet sites. This option is quite risky, because there are no guarantees, so it is easy to stumble upon a scammer.
Thus, the first two methods are reliable. It is worth exchanging PayPal USD for Bitcoin via a cryptocurrency exchange if the funds will be stored in the system for a long time. Otherwise, with constant input and output of funds, a lot of money will be spent due to commission fees, which makes this method less profitable. If you need a simple, fast, or perhaps even urgent transfer with a minimum of costs, then you should turn to electronic exchange services.
Exchange PayPal for Bitcoin via an electronic exchanger
To really use a reliable exchange site, it is better to look for it on a special monitoring portal, for example, BestChange. To get a list for the exchange direction you are interested in, you need to select a currency pair in the columns on the left, that is, PayPal and Bitcoin. Then the best option is selected taking into account the following criteria:
- current rate;
- size of the cryptocurrency reserve;
- minimum and maximum withdrawal amount from the electronic wallet;
- reviews of real clients;
- current status of the exchanger;
- presence of commissions, etc.
Here is a rating of well-known rates not only for exchanging PayPal for Bitcoin, but other directions are also offered. All exchange offices on the site are checked before adding, and then the administrators monitor their fulfillment of their obligations. Information about them is reliable and relevant, as it is constantly updated. There are also various useful options that facilitate the calculation and selection of a profitable online exchanger.