Buy Bitcoin Using PayPal
Many people want to buy and sell bitcoin using PayPal. But it is a risky game to sell bitcoins for the seller, the reason why accepting PayPal payment is risky for the person who selling coins is because Paypal payments are easy to reverse, while Bitcoin payments are never reversible. That means that the buyer can take the coins back and their payment. It can be difficult if not impossible to challenge these reversals because they really accept postal tracking as a way to prove you provide a product that you can take payment for.
The advantage of buying Bitcoin using Paypal
Safety: It is very safe for sellers, because of dispute feature.
Speed: Sending money from Paypal is very fast.
Privacy: You don’t need to share any detail with any third party.
The disadvantage of buying Bitcoin using Paypal
Limits: There are limitations to sending funds.
Acceptance: Paypal is not supported on many sites.
Fees: Fees are much higher.
Sites where you can buy Bitcoin using PayPal
Through Virwox: Virwox
A reliable method that has been around for a long time. After buying with Paypal we will then trade it to Bitcoins. Because of chargeback risk, Virwox is taking on themselves they are limiting the amount you can deposit initially through Paypal or a credit card. Virwox is delaying new user transaction for up to 48 hours. If you face any problem then contact them here firstname.lastname@example.org.
Advantage: Easiest and Fastest method.
Disadvantage: High fees of EUR 0.35 + 3.4%
Through LocalBitcoins: Local Bitcoins
The wide variety of sellers from around the world. Here you deal with an actual person which means that credibility also comes into play. Often the price they will offer you includes a very high, but sometimes offers comes with more reasonable prices so you must always check which offers are available there.
Advantage: Available in many countries.
Disadvantage: High fees and scammers check review of sellers or buyers before doing any deal.
Through eToro: eToro.com
eToro is one of the trusted ways of purchasing Bitcoin. The fiat withdrawal method is available for united states users only. users can buy or invest in different stats. There are different modes of payment options are available.
Advantage: Fees are Low
Disadvantage: Withdrawal in fiat is only available for US citizens.
Through E-coin: E-coin (now wirex)
Wirex supplies the virtual and physical Bitcoin Debit cards. It’s like any other debit card so you can use Wirex’s card with your Paypal account. You need to connect your card with PayPal and then withdraw funds from your PayPal to your Wirex card. now go to Wirex account and buy bitcoin through your Wirex debit card.
Through xCoins: xCoins
This service has an unusual system whereby purchases are effectively structured as a kind of loan. Basically, this means that the buyers bowers the bitcoin and authorizes a payment from their account to pay back the value of the loan along with fees.
Through PaxFul: Paxful.com
Another trusted site for buying and selling Bitcoin’s by using PayPal. The customer support is better in comparison to other sites. From day one, they don’t have any major criticism.
Advantage: Low Fees
Disadvantage: Exchange rates are high
How to Sell Bitcoin with Paypal
The same options are available to SELL your bitcoins.
CryptoCreed recommends the following sites to purchase Bitcoin using PayPal
Localbitcoin Because it is the fastest, easy, most trusted and accepted in many countries.
eToro because it is trusted for investors from last many years and different methods of payment are available.