Since February 2021 we can buy and sell Bitcoins with our PayPal account. The American company announced at the end of 2020 that it would allow its users to buy and sell Bitcoins. The cryptocurrency buying and selling service was activated in the first place for users in the United States and is now available to all Paypal users who will be able to buy Bitcoin, Ethereum, Bitcoin Cash and Litecoin quickly and safely. In conclusion, today you can easily buy Bitcoin with PayPal.
What do you need to buy Bitcoins with PayPal?
Register in a Cryptocurrency Exchange
The first thing we need to be able to buy Bitcoins is a user account in an Exchange. As you well know, there is a wide range of Exchanges on the market and each one has its own peculiarities. During the last years I have bought cryptocurrencies in many exchanges so my experience tells me to value them according to the following criteria:
– Commissions: As in any banking service, what interests us is to pay the minimum possible commissions.
– Payment methods: Most Exchanges allow you to buy Bitcoins and any Cryptocurrency with PayPal, credit card, bank transfer, etc. So at this point they are all equally good.
– Cryptocurrencies: The best ones allow us to buy Bitcoins and altcoins such as Ethereum, Litecoin or Ripple.
Register with PayPal
PayPal is a service that allows us to pay, send money and accept payments without having to continuously enter our financial details. We usually use PayPal in online transactions because it allows us to pay more quickly and safely. You can create your PayPal account in less than 2 minutes, access all the advantages that PayPal offers us to buy and sell online. The good thing about using PayPal is that it uses encryption and fraud prevention technology in order to protect our information and our money. In addition, if we buy any item and it does not arrive, or if it does not meet the specifications of its description, they will refund the money and they will talk to the seller.
Advantages of using PayPal as a Buyer
– Free service
– You pay with your email and password.
– Your financial information is private.
– You can choose your preferred payment method.
I recommend using PayPal basically for three reasons:
Security: PayPal uses encryption technology and fraud prevention 24/7 to protect your data. In addition, if you make any purchase and the item in question does not meet certain requirements, does not arrive or does not match the description indicated by the seller, Paypal will refund the amount of the purchase.
Flexibility: PayPal allows you to associate your bank account or your credit / debit card to your PayPal account.
Convenience: PayPal allows you to send money to your friends and family in just a few clicks. All you need is the recipient’s email address or phone number and that they also have a PayPal account.
After all, buying Bitcoins has never been easier, thanks to the collaboration between PayPal and Cryptocurrency Exchanges.