Even though PayPal has been very favorable of Bitcoin in recent years, it’s still an issue to find credible places to buy bitcoins with PayPal in 2020.
This is mainly due to chargeback issues (here’s a short video illustrating this).
This post will cover tested methods that will allow you to overcome this issue.
Ever since Virwox shut down its PayPal deposits in January 2020 it got really hard to obtain Bitcoins through a PayPal account. The two main methods that still allow you to buy Bitcoins with PayPal are eToro (for those who only speculate on price and don’t need access to the actual coins) and LocalBitcoins (for those who want to actually withdraw Bitcoins to their own wallet).
If you want a more detailed explanation about each method keep on reading. Here’s what I’ll cover:
Cons: Not available worldwide, profits can only be withdrawn in fiat currency (i.e.
The complications with buying Bitcoin with Paypal are well-known : many individuals have sold their bitcoins on Paypal to buyers who have then claimed chargebacks, in essence leaving the seller without their cryptocurrency or funds from the sale.
Thankfully, there are many other ways of buying Bitcoin through Paypal nowadays, and to do so on safe, regulated platforms. From our research, we have found eToro to be the best platform for puchasing bitcoin through Paypal. Read on to find the steps you should take to buy Bitcoin on this platform and on more exchanges, all of which will be reviewed in detail in this article.
Bitcoin and other cryptocurrencies were made popular due to buying and sell, and storing them in your Bitcoin wallet. Well, in 2017 the Bitcoin price reached unprecedented levels, nearly surpassing the $20,000 USD mark.
When it comes to making online payments for goods and services, PayPal has long been the market leader, offering its users complete peace of mind in terms of the security and transparency of their accounts. It’s unsurprising that PayPal has sought to make it easy to start buying Bitcoin through its platform. At Best Bitcoin Exchange, we’ve undergone extensive research into the easiest ways to buy Bitcoin with PayPal.
eToro makes it super easy to start investing in cryptocurrency such as Bitcoin using funds from your PayPal account. On the deposit funds page, you simply have to click the ‘PayPal’ option, enter the figure you’d like to deposit and hit the ‘Continue’ button. You’ll then be taken directly to the PayPal website to log in, review the transaction details and click ‘Pay’.
Buy Bitcoin with PayPal wasn’t that easy a couple of years ago.
Fortunately, now there are a lot of platforms that accept PayPal to buy and trade BTC, which makes it easier for customers to access crypto.
Paypal is a market leader when it comes to e-commerce and online payment services.
It has been around for many years and offers its clients full security and transparency when it comes to their finances. With bitcoin making a name for itself recently, it is not surprising that we are beginning to see Paypal and bitcoin partner up.
Whether its buying bitcoin using Paypal or sending your fiat currency back into your Paypal account, it is a viable option right now.
eToro is the leading CFD provider when it comes to cryptocurrencies and buying Bitcoin.
CoinSutra » Bitcoin » 4 Best Methods To Buy Bitcoin with PayPal – 2020 Guide
Well, if that’s what you want; you are at the right place & I’m going to share all possible methods that you can use right now to purchase Bitcoins using PayPal.
First thing first; there is no direct way to buy Bitcoins using PayPal as Bitcoins transactions are irreversible. However, there are certain indirect ways that are used by users around the globe to purchase bitcoins using PayPal money.
Update: On popular request, I have also listed a website that also let you convert Bitcoin into PayPal.
In this tutorial, I have highlighted some of the best ways by which Bitcoins can be purchased using PayPal.
Here are all the listed sites from where you can Purchase Bitcoins via PayPal:
This is another marketplace where you can purchase Bitcoin using PayPal.
We’ve put together the complete guide on how to convert PayPal to bitcoin.
It’s not super simple, but yes it really works and is the best way to buy bitcoin with PayPal today.
We suggest using the exchanges listed below or doing research before buying from any exchange.
Many exchanges are simply trying to steal your passwords and personal information!
We do research on every exchange we list and are very careful not to include scam exchanges on our site.
VirWoX primarily serves as a market for Second Life Lindens, a currency used in the virtual world, Second Life.
Although you cannot buy bitcoins with PayPal directly through VirWoX, it is possible to buy Second Life Lindens (SLL) and then sell these for bitcoins.
We may receive compensation when you use VirWoX.