How to Purchase Bitcoin with PayPal: 3 Best Currency Exchanges to Buy
4 min readWondering how to purchase bitcoin with PayPal or want to buy other cryptocurrencies via PayPal? In this article, we will show you the 3 best crypto exchanges supporting this service.
We will introduce you the exchanges Plus500, Paxful and Wirexapp, where you can buy cryptocurrencies through PayPal.
Purchase Bitcoin with PayPal at WirexApp
Wirexapp is one of the best ways for anyone who wants to buy Bitcoin using PayPal. This method will first take 1-2 days, then everything will be instantly.
- You need a WirexApp account to get started. Create an account here.
- When you create and verify your account, you get a free virtual visa card. (You can also order a physical visa card, but now we’ll focus on the fastest method.)
- To use this method, you must add a small amount to the Wirexapp Virtual Visa Card. This is important for adding a card to your PayPal account.
- Now log in to your PayPal account, click Money & Click on Add a card.
Click Add a new card.
Now enter the detail of the virtual debit card you received from Wirexapp.
PayPal will ask you to confirm your new card. Click Confirm your card, and PayPal will begin a series of transactions to verify your card. It will then ask you to enter your PayPal code.
Log in to your Wirexapp account and you’ll find a confirmation code below to verify your debit card.
Just confirm the code and you will see the message shown in the following image.
Click Close. From now on, you’re ready to start buying Bitcoins with your PayPal money. Now all you need to do is withdraw money from your PayPal account for your linked Wirexapp debit card.
Purchase Bitcoin with PayPal at Paxful
Paxful is another popular way to buy Bitcoin using PayPal. You need a verified Paypal account. PayPal grants verified accounts only if you link your bank, debit card, and upload an ID. Sellers will also request an ID before accepting your PayPal. The purchasing process is very simple:
- Select the payment method for your purchase and the amount you want.
- Select a dealer. You can choose either manually or let Paxful decide who is the best seller for you.
Once the deal is initiated, you will be sent to an online chat with the seller where you can complete the deal. The seller’s bitcoins will be submitted for safekeeping and will be released to your account once you have indicated that you made the payment. If you do not terminate the agreement within a certain time frame (typically 30 minutes), the transaction will be automatically canceled.
Purchase Bitcoin with PayPal on Plus500
Unlike other platforms, buying Bitcoin with PayPal on Plus500 is a very simple process, so we recommend this platform over others. You can complete this process from start to finish in three steps, which we will describe more.
- Add funds to your account and select PayPal as your payment method.
- Make an order to purchase BTC.
It’s very fast and straightforward. All you need to do is go to the official site and fill out the account creation form with your email address and password. You will then need to verify your phone number to confirm your identity.
Before you can make a deposit, you must complete a questionnaire in accordance with ESMA restrictions. You will first be asked to fill out a short form with your personal information, including your full name, home address, country of residence and date of birth. You will then have to answer some questions about your financial situation, including income and reasons for trading. You will then have to answer a few more questions about your business experience and knowledge
Once you have completed all of these required “fillers”, you will be able to make a deposit by simply clicking on the “deposit” in the “funds” of your account. Here you will be able to choose PayPal as your form of payment. The minimum deposit to start trading on Plus500 is $ 100.
Once you have successfully deposited funds to your account, simply click on the “store” in the menu on the left side of the page. Here you will find your retail space. If you scroll down, you will find the option of trading cryptocurrencies. Once you find Bitcoin, you will be able to trade with Bitcoin by clicking ‘sell’ or ‘buy’. It is easy.
Summary
Buying Bitcoin and Cryptocurrencies through PayPal is quite simple. However, this method has long been considered demanding and inefficient. This is for several reasons. The first is that such a purchase often involves additional charges. The second reason is that the purchase of cryptocurrencies via PayPal is only supported at a handful of cryptocurrency exchanges. We hope that we have helped you with this article and have made a little more clear about PayPal.
