If you landed on this page then you are probably looking for a way to buy bitcoin with funds from your PayPal account or you are just interested in the topic. Either ways, you on the right course.
In this simple tutorial, I’m going to teach you two best ways to buy Bitcoin with PayPal.
Buying Bitcoin with PayPal is one of the most risky ways of acquiring Bitcoin online.
Why is it risky?
The reason why buying Bitcoin with PayPal is so risky is because of PayPal’s policies. There is no law governing Bitcoin so there are no policies attached and any transaction done with Bitcoin can never be reversed easily. On the other hand, PayPal transactions can be easily reversed. Most people use this reversal policy as a way of defrauding online purchases.
Most people make a purchase and after they have received the goods or services they paid for with PayPal, they just go into their PayPal dashboard and reverse the transaction. Most of the time, their reversal succeed and the other person ends up loosing. Because of this fraudulent activities, most Bitcoin exchangers stopped using PayPal as their payment method. Somebody will ask: “Does this pose any risk to the buyer at all?”
Yes!…. Because of the fraudulent activities with PayPal transactions, most of the legit exchange websites stopped using PayPal as payment method for purchasing Bitcoin. This made it easy for scammers to create their websites claiming they accept PayPal payments in exchange for Bitcoin. Immediately the payment is done, you wont receive any Bitcoin and you wont be able to reverse the transaction as well.
This is why it is very risky when trying to buy Bitcoin. You might end up paying for a Bitcoin you will never receive that is why you have to follow the tested and working ways of buying Bitcoin.
How To Buy Bitcoin With PayPal #1
The best way to buy Bitcoin with PayPal is to buy from a trusted source. I’m talking about a source that has Physical office. One of the most trusted source of Bitcoin with an office and accepts PayPal as payment method is “Paxful“.
This website accepts PayPal but you will have to verify your ID before your transaction is processed. This is to check that you are not using any fraudulent means to get a free Bitcoin like most scammers do. So if you are serious about buying Bitcoin, heard to the link PAXFUL sign up and start your transaction. ID verification will take less than 30 minutes so there is nothing to worry about.
How To Buy Bitcoin With PayPal #2
There is another way to buy Bitcoin with PayPal this is more secured and simpler than all the methods. Simply verify your PayPal with a VISA card, move the money to your card and use the card to pay on any Bitcoin trading platform that accepts card payments.
If you don’t want to use your VISA Card or verify your ID, you can easily purchase gift cards like Amazon gift card, Steam gift card or any other gift card you can find online and purchase it with your PayPal fund. After the purchase, you can exchange the gift card for Bitcoin on PAXFUL.
These are the ten best ways to purchase Bitcoin with your PayPal funds.
For questions and suggestions, please leave a comment and I will reply as early as possible.