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How to buy Bitcoin via PayPal

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Tokeneo
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4 min reading

At the outset, it should be noted that the form of buying Bitcoin through PayPal is not the easiest purchase process. There are many vague and difficult rules that only complicate matters and do not solve many user problems.

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How to buy BTC with PayPal?

The article will present the possibilities that were created to transform the entire "step-by-step" scheme of how to buy Bitcoin via PayPal and not make a mistake. However, it should be pointed out that these processes are very limited, but also it is not possible to buy Bitcoin directly via PayPal, we can only do it through certain tools.

In recent years, the method of payment through PayPal has been declared, due to the fact that it is one of the most popular payment methods in recent times. As the analysis shows, the company that created this form of payment is now responsible for around 5.5 trillion annual transactions. Using the payment method promotes almost the entire world and allows transactions in 25 currencies!

eToro, Bitcoin and PayPal - how to do it?

What exactly is eToro? First - a trading platform. Thanks to it, it is possible to perform e.g. cash payments via PayPal. In addition, it also allows full insight into transactions ... Bitcoin! The steps in the registration process are explained below.

First go to the eToro home page and then click on the rectangle in the middle left of the "Start Now" section. After clicking, several registration options will appear, to create an account by providing data or connecting via Facebook or Google. So eToro enables us to choose a more convenient way to register, which is really up to us. After entering the data, click "Create an account".

The next stages include filling in your own data profile in order to activate the account and confirming that we are actually the people who set up the account (this is verification by scanning an ID card, driving license or passport). After completing the full activation of the account, we are allowed to make payments to our account, where after entering the "Account top-up" tab, we determine the amount we want to pay and how it is to be done. Please note that the minimum deposit at eToro is 200 euros. However, one of these options is PayPal! To do this, we enter a certain monetary value and click the Create item tab, where our funds will be located.

The purchase process itself does not seem complicated, but it should be remembered that searching for applications or websites that will enable us to make this purchase is very narrow. Therefore, you need to go to great lengths to choose the platform you use that will enable you to use this method of payment.

Paxful

Paxful is one of the platforms that allows you to buy and sell Bitcoins, including by payment / deposit via PayPal. One of the company's earnings is earnings on commissions from transactions made by platform users.

In order to purchase Bitcoins through PayPal, go to the paxful.com website, where there is no need to register (full anonymity is preserved here) and immediately after entering the website, you can specify the appropriate amount of Bitcoins for purchase or sale and then after switching to the payment method, we are shown the PayPal method view. However, it should be remembered here that without registration, we deal with transaction limits.

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