How to Buy Bitcoin with PayPal – Best Bitcoin Paypal Sites

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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.

  • Exchange
  • Rating
  • Properties
  • Buy Crypto
1
 
The Best Choice
  • Buy 11 cryptos with Paypal
  • #1 social trading platform
  • FCA & CySEC regulated

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 Quick Guide: Buy Bitcoin in 5 Minutes With PayPal 

  • Register for an account with a platform like eToro
  • Click on “Deposit” to select the payment options
  • Select the amount to deposit with PayPal ($250 recommended)
  • Once the Payment has been processed, click on “Overview”
  • Press the “Buy” button near the Bitcoin Market
  • Place an Open Trade on Bitcoin
  • You should have Bitcoin in your “Portfolio” now

Buy Bitcoin with Paypal

If you still have doubts as to why  you should use PayPal to buy Bitcoin, you can compare the best exchanges that offer PayPal as a payment method.

Compare
You can find out more and compare the brokers and exchanges that offer to Buy or Sell Bitcoin with PayPal in our list below, or you can skip through directly to our step-by-step guides and tutorials
  • BTC
  • Bitcoin
    (BTC)
  • Price
    8,129.36
  • Market Cap
    146,313,237,282.00

Why should I buy bitcoin with Paypal?

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. In 2018, however, Bitcoin crashed, and the cryptocurrencies had more than $700 Billion USD wiped out of their market cap. In summary, it’s much more profitable to buy and trade Bitcoins with PayPal, rather than just buying and storing in your wallet. This is a function also allowed by auto trading robots like Bitcoin Trader and Bitcoin Revolution. For now, though we will be focusing on platforms.

Top Platforms to Buy Bitcoin with PayPal

4,9/5

Buy Bitcoin

4,9/5

Buy Bitcoin

4,6/5

Buy Bitcoin

4,5/5

Buy Bitcoin
Payment Methods

  • PayPal
  • Credit/Debit Card
  • Wire Transfer
  • Neteller
  • Cash
Payment Methods

  • Cash
  • Credit/Debit Card
  • Wire Transfer
  • Neteller
  • Skrill
  • PayPal
Payment Methods

  • PayPal
  • Credit/Debit Card
  • Wire Transfer
  • Skrill
  • Cash
Payment Methods

  • Credit/Debit Card
  • Wire Transfer
  • Neteller
  • Swift
  • Skrill
  • PayPal
Minimum Deposit
$10 USD
Minimum Deposit
$1 USD
Minimum Deposit
$150 USD
Minimum Deposit
$250 USD

How to Buy Bitcoin with Paypal – step by step tutorial

How to Buy Bitcoin with Paypal on eToro

Unlike other platforms, buying Bitcoin with Paypal on eToro is a very straightforward process which is why we recommend this platform over others.

Step 1: Register an account

 

Go to the eToro website and register an account by clicking “Sign up.”

You will need to fill out your information on the form that appears and then submit the form to get your account set up.

But you also have the option of signing up using your Google or Facebook account to skip filling the form.

Step 2: Verify Identity

 

As a regulated platform, eToro requires all users to submit to KYC and AML procedures. For this you will need to upload your ID, driving license or passport.

Though you do not have to do this simply to purchase Bitcoin, you can only sell it on the site if you are verified user.

Step 3: Fund Your eToro Wallet and Buy Bitcoin

You can fund your account using a bank transfer or credit card and then buy Bitcoin within the wallet.

eToro supports numerous payment methods including eWallets Neteller, Skrill and PayPal. Select PayPal if that is your preferred payment method and then make your first deposit.

For a beginner, $250 is a good amount to start with as you learn how the platform works.

  • Exchange
  • Rating
  • Properties
  • Buy Crypto
1
 
The Best Choice
  • Buy 11 cryptos with Paypal
  • #1 social trading platform
  • FCA & CySEC regulated

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500

If you want to buy Bitcoin with PayPal on Plus500, the first thing you’ll have to do is sign up to Plus500 by clicking here. Doing that is very quick and straight forward. All you need to do is go on the official website and fill in the account creation form with your email address and password. You will then have to verify your phone number to confirm your identity.

Before being able to make a deposit, you will have to fill in a questionnaire in accordance with ESMA restrictions. You will first be asked to fill in a short form with your personal details, including your full name, home address, country of residence and date of birth. You will then have to answer a few questions about your financial circumstances, including your income, reasons for trading. After that, you will have to answer a few more questions about your trading experience and knowledge.

At this point, you will be able to make the deposit by simply clicking on “deposit” in the “funds” of your account. It is there that you will be able to select PayPal as a payment method. The minimum deposit for you to get started with trading on Plus500 is $100.

Once you have made your deposit, all you have to do is click on “trade” in the menu on the left side of the page. There you will find your trading space. If you scroll down you will find the option of trading cryptocurrencies. When you find Bitcoin, you will be able to trade with it by clicking on “sell” or “buy”. It really is as simple as that.

LocalBitcoins

Local bitcoins is a P2P website that sets up a marketplace for users to buy and sell their Bitcoins. If the word eBay comes to mind, then you’re exactly right. LocalBitcoins is like an eBay for cryptocurrencies.

You will find users buying and selling cryptocurrency, and some of these users might just as well take PayPal as a payment method.

Usually the way it works is, you browse their platform and look for a user that is selling bitcoins at the price you’re looking to buy, then you initiate conversation with the buyer. Once all the details have been agreed to, you proceed on to buy bitcoins with PayPal.

LocalBitcoins is sought after by many users, as the cryptocurrency there are rather cheaper than the ones bought from other exchanges.

Visit LocalBitcoins.com

To create an account, you need to first go on their homepage and fill out your details like name, last name, phone number and email. Once you confirm those details, you will receive a confirmation email to activate your account.

Now the next step is to locate the users that are willing to let you buy btc with PayPal. You can filter searches on LocalBitcoins to match that.

Once you’ve found a user that is selling at a reasonable price (always research the price), you can either drop them a message and try to haggle the price a little bit, or proceed on to buy Bitcoin with PayPal.

Once everything has been agreed to, your funds will remain in LocalBitcoins’ escrow to prevent any fraud or scamming.

Once both parties have accepted and released funds, you will be able to receive the bitcoins bought with PayPal.

You can even check how much you will receive with an updated price on their calculator widget.

Coinbase

Coinbase is one of the oldest and most trustworthy exchanges in crypto history. In fact, Coinbase has been hacked in the past, but it is actually one of the only exchanges that are up to date with SEC’s rules and regulations for cryptocurrencies.

Coinbase is actually sought after for its wallet feature. They allow their users to create an account and a wallet without needing to perform a KYC process. You only need to identity yourself if you want to buy cryptocurrencies via Coinbase.

Visit Coinbase

A few things to consider before you Buy Bitcoin with Paypal on Coinbase:

  • PayPal at the moment is strictly enabled for withdrawals, so theoretically you cannot link a PayPal account and purchase Bitcoin directly with it.
  • In order to withdraw sold Bitcoin and FIAT currency to your PayPal account from Coinbase you’ll first need to find your account preferences.
Once you’ve found your account’s preferences & settings then navigate to the “Linked Accounts” tab:
Once under “Linked Accounts”, click on the “Link a New Account” button in blue at the top right of the page. Once selected, click the panel that says “PayPal”.

Once you’ve clicked the PayPal panel button, a new window asking you to login to your PayPal account should load. On this page, enter your PayPal credentials, and select yes to any proper terms or requirements that are necessary. Once completed, you’ve linked your PayPal account for processing withdrawals.

In order to actually withdraw using PayPal on Coinbase, you’ll need to convert any of your cryptocurrencies into fiat amounts; then, you can go to “Withdraw” on the traditional homepage, and simply select your PayPal account.  Currently, as of writing, you cannot deposit or purchase Bitcoin using PayPal, only withdraw fiat after the Bitcoin has been sold to regulated currency.

Coinbase used to allow their users to buy and sell Bitcoin with PayPal on their platform, but along the years that feature has been on and off. You will find web that Coinbase allows its American users to buy bitcoins with PayPal, but that’s actually a false statement. Recently, Coinbase has updated their method for selling cryptocurrency and sending payments via PayPal to their users. That is a major improvement, but you still can’t buy bitcoin with PayPal on Coinbase.

Although Coinbase has millions of users in their database, and many positive aspects, they have a few negative points that should be something to consider.

BitPanda


BitPanda is an exchange that sells Bitcoin and other cryptocurrencies. It was founded in 2014, and its initial name was Coinimal. Although Bitpanda sells cryptocurrencies in several countries, its origin is from Vienna, Austria.As a matter of fact, Bitpanda works together with the Austrian authorities to prevent any fraud and money laundering attempts. They offer on their platform not only Bitcoin, but the majority of the coins available on the market.

Visit Bitpanda

Initially, the users were allowed to buy bitcoin with PayPal on Bitpanda, but unfortunately their partnership ceased to exist, as they announced on twitter in February of 2017 due to conflict of interests between PayPal and Bitpanda.

In the same year the announcement that users wouldn’t be able to buy Bitcoin with PayPal on Bitpanda was made, they won an award for the best Fintech company in Europe, which made them one of the most important exchanges that sell cryptocurrencies in Europe. They have in their platform over 1,000,000 users and accounts created.

Buy Bitcoin on VirWox

VirWox is an online payment provider and forex exchange, that was made famous for allowing their users to exchange money for a virtual currency SLL (Second Life Linden Dollars) that is used in the virtual game Second Life.
If you think about that, this was actually one of the first original crypto currencies. Although it’s not decentralized, it still consisted in buying virtual currency to exchange for items and goods in game, or exchange the SLL back into USD.

The way you can Buy Bitcoins with VirWox on PayPal used to be very straightforward. All you needed to do was buy the SLL with USD via PayPal, and then buy the BTC with SLL.

Visit VirWox

The reason why we said it used to be easy is because as of January 2019, PayPal has suspended all activities on VirWox. Due to the high volume of bitcoin purchases, and PayPal not being able to verify the identity of the people buying and selling, they decided to cut back on the partnership and stop offering their services on VirWox.

That is quite a shame, as VirWox’s method of exchanging currency for SLL was very efficient in preventing any chargeback. Virwox issued a Proof of Purchase to whoever bought bitcoins, thus preventing any chargeback on the user end.

Buying bitcoins with PayPal on VirWox was actually one of the only reasons why they had such a high volume of bitcoin sales, as their commission fees are higher than the average exchange. Another negative aspect is that their KYC method is taking much longer now, and new users should get their accounts approved within 48 hours.

Wirex

Wirex is a company that is similar to PayPal and VirWox in a sense. This company is also a payment provider, and what Wirex does is supply their users with Bitcoin credit and debit cards (virtual and physical).

Once you create an account with Wirex, you can use both the Virtual and Physical cards to buy bitcoins on their platform, so just select the one that is more convenient for you.

Visit Wirex

The next step is funding your Wirex account, which you can do by several payment methods, including PayPal. To add funds with PayPal, select the ‘Wallet’ option. This is not a Bitcoin wallet, rather it’s your wallet section that contains the payment methods in your Wirex account.

Once you’ve added a payment method, and added funds to your Wirex account, you just need to select the ‘Buy Bitcoin’ option, and you should be able to buy your bitcoins with PayPal via Wirex.

Buy Bitcoin with Paypal on Paxful

Paxful is a marketplace for buying and selling bitcoins. At core, Paxful is a platform that offers the service as a Bitcoin Wallet, as well as payment system. They offer many ways to buy bitcoins, including buying Bitcoins with PayPal.

Their website is one of the most friendly websites available for buying and selling bitcoins. They are not an exchange, but rather are a brokerage firm that earns its profit on the commissions made from trades by their users.

Visit Paxful

Once you’ve selected the amount of Bitcoins you want to purchase, you can select your preferred payment method and currency. You can choose between the option to buy or sell Bitcoins on the main page. Once you’ve entered the amount you want to purchase, click on either Search for random results, or ‘Give me the best’ for the best offers available. For this tutorial, we clicked on the ‘Search’ button.

Once the results load, you will see that you can scroll between the different options on the left hand side. The prices sometimes are unfathomable and just much higher than the normal. The reason for that, is because you don’t need to upload your KYC and identity if you want to buy Bitcoins with PayPal on Paxful. You can only buy a fraction, and raising the overall price, raises the price of the fraction. The sellers are pretty much taking advantage of the buyers’ privacy options.

As you can see, you don’t need an ID, receipt or verification needed to buy Bitcoin with PayPal on Paxful. You are, however, limited to a trade or purchase limit.

Buy Bitcoin with PayPal in Your Country

UKUS and Canada

Now that you are familiar with all the methods that you can buy Bitcoin with PayPal, it’s time to show you the best method in the UK.

The best method to Buy Bitcoin with PayPal in the UK is via Plus500. The reason for that is because their platform is regulated by CySEC (Cyprus Securities and Exchange Commission) and the FCA (Financial Conduct Authority)

What you need to do to buy Bitcoin with Plus500 is follow the steps above. Once you’ve bought you’ve made your initial deposit on Plus500, you just need to Click on the Bitcoin market in the overview screen in the platform, and click on the buy button.

The best method to Buy Bitcoin with PayPal in the US and Canada is via LocalBitcoins.

Although they are a P2P platform, you will find that the offer for people selling Bitcoin with PayPal is really high. Remember though, before buying Bitcoin with PayPal on LocalBitcoins, make sure the seller is legit and trustworthy.

Tips on How to Buy Bitcoin with PayPal

Verification

Apply as much account verification, preferably maximum, as possible prior to trying to make purchases. The reasoning for doing this sooner rather than later is because not all exchanges and crypto providers that allow for PayPal integration have the exact same regulatory process. Therefore, you could find yourself continuously entering the same repetitive information over and over when after the whole time you could have taken a bit of time prior, filled out all parameters, and went from there.

Trustworthy

Always check for phishing links.  PayPal phishing links are not uncommon at all. Phishing links are fake pages that replicate real PayPal logins and popup asking you for your login tricking the user into thinking they are a verified processor. After entering the details, the window dissolves, and the phishing link takes the login information for the PayPal. To protect against this, always check for security on your popups as well as any cryptocurrency exchanges you’re using that enables PayPal integration. For example, try to find safety indicators such as these if you’re using Chrome. It’s important to consider secruity during the bitcoin era.

Do Your Research

Research as much as possible. If you’re unsure if you can buy Bitcoin on an exchange, try to contact an official team member. Do your due diligence as well. Lower-tier and lesser-known sites are more likely to be scams.

Bitcoin vs PayPal

Understanding the core differences and similarities between PayPal and Bitcoin are quintessential in extracting their absolute usability. It’s more beneficial to see how they are similar initially, as most users are more accustomed to either Bitcoin or PayPal already and simply want to learn more about the latter.

Similarities

  • Both Bitcoin and PayPal are payment methods
  • Both are used as a P2P payment system
  • Both are used to create fast, less costly transactions online
  • Bitcoin and PayPal  are both technology that aim to streamline the payment process for all users digitally
  •  Both Bitcoin and PayPal enable international transfers and direct integration with online platforms

Differences

  • Bitcoin itself is a currency, whereas PayPal itself is not a currency or transferrable entity/asset
  • PayPal works with banks and individuals to process their payments serving almost like a gateway; Bitcoin is decentralised
  • Bitcoin uses a distributed ledger technology to show validated transactions. PayPal relies on Banks to verify the transactions
  • Once a payment has been released with Bitcoin, it cannot be cancelled. PayPal has a chargeback feature to cancel payments
  • Bitcoin uses cryptography and users do not need to be identified. You need to upload your passport/ID, or enter your bank details to open a PayPal account

Is Bitcoin better than PayPal or vice-versa?

Bitcoin is not necessarily better than PayPal and PayPal is not explicitly better than Bitcoin because they’re in two different playing fields.

Theoretically, Bitcoin enables faster transactions, settlement, and confirmation speeds at fractions of the cost that PayPal enables them, however, this is because PayPal accommodates to fiat currencies, the currently most liquid form of payment available.

Although Bitcoin may maintain an internal technical advantage, liquidity and adoption also come into play; virtually 95% of all modern day outlets that you use allow for PayPal integration, whereas only a small finite percentage allows for Bitcoin processing.

That is their tradeoff and the subsequent argument that arises.  While Bitcoin can technically prove more efficient than PayPal as a form of processing, it has multiple growing pains that it must overcome to be named significantly better than PayPal.

 

Reasons to buy Bitcoin with PayPal

KYC ProcedureNo Bank DetailsInstant Payments or TransfersSupported by Well Known ExchangesChargeback

A KYC, or Know your Customer procedure, is used by banks and payment providers to prevent money laundering and fraudulent activity.

Most serious exchanges and platforms that sell cryptocurrency requires that their users submit their documents for a KYC procedure. With PayPal, you have to do that anyways if you want to start sending and receiving payments.

That’s right! When you buy Bitcoin with PayPal, you don’t need to share your bank or payment details with exchanges or 3rd party websites. PayPal takes care of all the transaction for you.

Another good quality of PayPal is that nearly every transaction, upon verified with your bank or institution, is made instantly. The same goes for receiving payments with PayPal. It’s not as fast as cryptocurrencies, but it’s a great method to send and receive payments or transfers.

Let’s face it. These exchanges rely on the Distributed Ledger Technology, which makes them decentralised. Just like banks though, they deal directly with a lot of money intake via Crypto or FIAT currency. Most legit exchanges support PayPal as a payment method due to the agility in processing payments from their users and investors.

By far the best feature on PayPal, if someone has impersonated or stolen your paypal identity, or if you’ve made a payment for a service you didn’t receive, you can always request your payment back via the Chargeback Feature.

  • Exchange
  • Rating
  • Properties
  • Buy Crypto
1
 
The Best Choice
  • Buy 11 cryptos with Paypal
  • #1 social trading platform
  • FCA & CySEC regulated

66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

FAQs

Why is it Difficult to buy Bitcoin with PayPal?

To keep it Short and sweet, the answer to this question above is decentralisation. Bitcoin is a decentralised currency, that registers its transactions on a distributed ledger called blockchain.

PayPal, on the other hand, is a centralised and well known payment method, affiliated with centralised financial institutions. Basically, PayPal has no problem in sharing your information with Banks and other financial institutions, whereas with Bitcoin all of that is done anonymously.

Can you send from PayPal to Bitcoin?

No, at the moment you cannot send Bitcoin from PayPal or send Bitcoin to PayPal.

What is the best site to buy Bitcoin with PayPal?

As a registered and FCA regulated firm, Plus500 is more than likely the safest and quickest option.

Can I buy Bitcoin with PayPal?

Yes! However, you have to use a cryptocurrency exchange that supports PayPal in order to connect it and buy Bitcoin.

Can you sell Bitcoin to PayPal?

You cannot sell Bitcoin directly to PayPal, however, you can sell Bitcoin to third party exchanges that enable PayPal integration.

Can I convert Bitcoin to USD with PayPal?

You cannot convert Bitcoin to USD on the PayPal platform, you can convert Bitcoin to USD on an exchange that supports PayPal, and then withdraw the USD to your PayPal account.

Can I convert Bitcoin to GBP with PayPal?

No, you cannot directly convert Bitcoin to GBP with PayPal; you will have to find an exchange that supports Bitcoin to GBP listings as well as PayPal connections, convert your Bitcoin to GBP, and then withdraw GBP to your PayPal.

Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

About John

John Iadeluca is the founder of the Wall Street hedge fund Banz Capital. He's a blockchain developer, quant, and consultant that specializes in the digital asset sector.

26 thoughts on “How to Buy Bitcoin with PayPal – Best Bitcoin Paypal Sites

  1. Hello. Thank you for this review. I was wondering, is PayPal centralised or decentralised? I don’t really get the difference between the two.

    1. Hello Elena. Thank you for your question. While Bitcoin is a perfect example of a decentralised currency, PayPal is a centralised system. The difference is that PayPal is affiliated with centralised financial institutions and it shares information with banks and other regulated institutions. With decentralised systems like the ones used by cryptocurrencies, everything can be dealt with anonymously and can thus be more dangerous.

    1. Hello Olly. Thank you for getting in touch. There are quite a few things to look at to help you decide whether a PayPal exchange is reliable. The first thing is of course whether or not PayPal is available as a payment method. That will help you exclude quite a few cryptocurrency exchanges because PayPal is not available on many of them at the moment. Once you’ve done that, we recommend excluding unregulated platforms because they are not monitored by agencies working to protect customers. We also suggest looking for well-reputed exchanges, with user-friendly interfaces, a sufficient asset variety and low fees. I hope that helps. Good luck!

  2. I have never heard about phishing links. What are they, and what do they have to do with buying Bitcoin with Paypal?

    1. Hello Juliette. Thank you for your question. We recommend to always look out for phishing links. They are basically fake pages that copy actual PayPal login portals making users think that they have to type in their PayPal credentials in order to proceed. The purpose of that is for scammers to get your PayPal login details and potentially steal your funds. That is why we recommend to always look for Google Chrome warnings on whether the web page is secure or not, it might save you from sharing your bank details with thieves.

  3. Hello, I was thinking about signing up on LocalBitcoins.com instead of eToro just because I know they allow a lower minimum deposit. The thing is that I can’t afford to spend $250 without making profits first. Do you think that is a good idea?

    1. Hello Anders. Thank you for your question. We always recommend investing amounts that you can afford to lose because of the risks associated with online trading. That is why we believe that if you cannot afford to lose $250, it is definitely a good idea to go for cheaper exchanges instead. Other than LocalBitcoins you can also have a look at Paxful, it requires a much lower minimum deposit. We do believe that eToro is a more valid option though, so if you get the chance to wait a bit longer to save up some more to be able to afford a higher deposit we would definitely recommend doing that. I hope that helps.

    1. Hello Peter. Thank you for getting in touch. You can definitely sign up on Paxful even though PayPal is not a payment option. However, please keep in mind that an exchange loses in terms of security if portals like PayPal are not available, because it forces you to share your bank details with third parties. With PayPal, that is not required, you only have to share your bank details with PayPal once and you never have to do it again. That is why we recommend eToro over Paxful. You can check out our eToro review to find out more about the platform.

    1. Hello Evan. Thank you for your question. I would say that the best exchange to buy Bitcoin if you are based in Austria will have to be Bitpanda. That is not only for Bitcoin but for several other popular cryptocurrencies you might be interested in trading. The exchange was developed in Austria and is now available in several countries. Unfortunately, you will not be able to buy Bitcoin with PayPal on this platform because their partnership was broken in 2017. We still consider Bitpanda to be a reliable and trustworthy exchange though. If you want to buy Bitcoin with PayPal you can always sign up on eToro instead. It is available in Austria and it is one of the most well-reputed platforms out there. You can look through our eToro review to find out more about it.

  4. Hello there. I’ve heard before that PayPal really adds security to payments but I feel like I may have missed something. How is it possible that you do not have to share your bank or card details with the exchange if you use PayPal as a payment method?

    1. Hello Ron. Thank you for getting in touch. Yes, the PayPal system definitely adds security to payments and part of the reason is exactly that you are not required to share bank or card details not only with brokers but with third parties in general. How this works is that when you create a PayPal account, you will have to create some login details and then insert your bank details connected to your payment card(s). As soon as you’ve done that, you will never have to share these details again because when you select PayPal as a payment method on the broker, you will be redirected to the PayPal portal and you will only have to provide the login details to PayPal to be able to make the payment. It is as simple as that!

  5. What is Bitcoin and what is PayPal? I know that they can both be used as payment methods so I am not sure how you would be buying Bitcoin with PayPal.

    1. Hello Mark. Thank you for your question. Yes, you are absolutely right, they are both payment methods. I definitely understand your concern. The difference between the two is that while you should see PayPal as some sort of gateway to deposit or withdraw your money, Bitcoin can be that, but it is also a cryptocurrency in itself. There are also some differences between Bitcoin and PayPal as payment methods. One of the most important ones is that while Bitcoin does not allow you to cancel a payment once it’s been authorised, PayPal does, thanks to its chargeback feature. I hope this answers your question.

  6. Hi there. You definitely convinced me about buying Bitcoin with PayPal, but what would you say is the best platform to do that?

    1. Hello Al4761, thanks for your question. Giving you a definite answer is quite difficult considering that all platforms have their strength and weaknesses. I suggest having a look at our cryptocurrency exchange comparison page, it has a table suggesting some of the best platforms offering PayPal as a payment method. In general, I would say that eToro is one of the best platforms on the market. It is regulated, reliable and well-reputed so it is definitely a safe investment.

    1. Hello Jerico8361. Thank you for your question. We recommend buying Bitcoin with PayPal because it is safer. One of the great things about making payments with PayPal is that once you’ve entered your bank details in the PayPal portal, you will no longer have to share your details with third parties.

      For example, if you decide to deposit funds in a trading platform that turned out to be a scam, you do not have to worry about having shared with them your bank details because whenever you pay with PayPal, you are connected to your account and all you need to confirm the payment are your PayPal account login details. That means that not only it is safer but it is also faster to make a payment, especially if you’ve saved your PayPal login details on your computer.

      On top of this, you can save as many credit or debit cards as you want on your PayPal account, meaning that if you run out of money on one card, you don’t have to take any action to move on to the next one.

      PayPal also has some features aimed at protecting customers. It has a “know your customer” procedure to prevent customers from being money laundering victims, and it has a chargeback feature and a Purchase Protection Policy. The first one provides that in case someone steals your identity or in case you get charged for a service you did not receive, you will get refunded. The second one guarantees a refund if you pay for a service that was not as described. We can guarantee that buying Bitcoin with PayPal will definitely be a great addition to your safety while trading online.

    1. Hello Meddy7009, yes, you can buy Bitcoins with PayPal through Wirex. In order to do so, you will have to add some funds to your new Wirex account by linking the account to your PayPal account. A simple tutorial is present in the link mentioned in this comment.

    1. Hello Alex, it is not possible to buy Bitcoin with PayPal without at least some form of verification. If you think verifications are a hassle, eToro is the way to go for you. This platform does not require verification until you want to withdraw funds. So, you can buy Bitcoin with PayPal on eToro without the lengthy hassle of verifications. eToro uses quick yet very effective verification methods which you can complete when you register on the platform or when you are about to withdraw your funds. Also, you only need to verify your identity once and your information will be registered for the future when you decide to withdraw again.
      Verification is extremely important when withdrawing funds because they are your hard-earned funds and eToro cannot let anyone else take them away from you without you knowing. So, to keep your funds secure and protected, eToro needs to make sure that it is you who wishes to withdraw funds and not someone else.

    1. Hi Mathew, if you are looking for an easy way to buy Bitcoin with PayPal, eToro is the better option when compared to LocalBitcoins. In LocalBitcoins, you have to go through the process of conversing with the seller, settling and negotiating details of the transactions, and not every seller on LocalBitcoins will be willing to accept payment through PayPal.
      We would highly recommend you to use eToro for buying and trading cryptocurrencies with Paypal. eToro gives you more interesting features, its user interface is friendly and easy to use and it’s regulated.

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