{"id":2732,"date":"2022-01-27T11:50:37","date_gmt":"2022-01-27T11:50:37","guid":{"rendered":"https:\/\/insidebitcoins.com\/uk\/?page_id=2732"},"modified":"2024-04-17T13:49:48","modified_gmt":"2024-04-17T13:49:48","slug":"paypal","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/uk\/buy-cryptocurrency\/buy-bitcoin\/paypal\/","title":{"rendered":"How to Buy Bitcoin with PayPal in the UK"},"content":{"rendered":"

With Bitcoin reaching a new all-time high in 2021 of £51,000, then correcting back to £27,377 in early 2022, the largest cryptocurrency has been volatile in recent times, gaining unprecedented exposure in social media and financial reports along the way.<\/p>\n

More and more investors are looking to buy the Bitcoin dip and trade the volatility – buying Bitcoin<\/a> with PayPal is one of the easiest, most popular methods of doing so in many countries.<\/p>\n

In this guide, we’ll review how to buy Bitcoin with PayPal in 2024, showing you the best trading platforms to utilise and providing you with all the information you need to trade safely.<\/p>\n[table_of_content]\n

How to Buy Bitcoin with Paypal in the UK
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  1. Choose a Bitcoin exchange<\/li>\n
  2. Create an account<\/li>\n
  3. Deposit funds into your account, selecting the PayPal option<\/li>\n
  4. Search ‘Bitcoin’ in the drop-down menu<\/li>\n
  5. Click ‘Open Trade’ and select an amount of Bitcoin to buy<\/li>\n<\/ol>\n<\/div><\/div>\n

    How to Buy Bitcoin with PayPal – Step by Step Guide 2024<\/strong><\/h2>\n

    If you’re looking to buy Bitcoin<\/a> with PayPal right now, then look no further. By following the four steps below, you’ll be able to buy Bitcoin with PayPal in under ten minutes – all without paying a penny in commissions.<\/p>\n

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    1. Open an account with OKX – <\/strong>Head to the your preferred exchange’s homepage and click ‘Join Now’. Provide your email address and choose a username and password.<\/li>\n
    2. Upload ID – <\/strong>Verify your account by uploading proof of ID (a copy of your driver’s license or passport) and proof of address (a copy of a bank statement or utility bill).<\/li>\n
    3. Deposit via PayPal – <\/strong>Choose PayPal as your deposit method – minimum initial deposit of £142.<\/li>\n
    4. Buy Bitcoin – <\/strong>Type ‘BTC’ into the search bar at the top of the screen and click ‘Trade’ next to the first option. Enter the amount you’d like to invest, double-check everything is correct, and click ‘Open Trade’.<\/li>\n<\/ol>\n

      Where to Buy Bitcoin with PayPal <\/strong>in May 2024<\/strong><\/h2>\n

      When you decide to purchase Bitcoin with PayPal, it’s crucial to choose a licensed platform with a track record of allowing users to trade safely. There is a wide variety of options on the market, ranging from brokers to cryptocurrency exchanges, so it can seem challenging to decide which is best for you.<\/p>\n

      In this section, we discuss the best trading platforms when it comes to buying Bitcoin with PayPal.<\/p>\n

      1. OKX – Buy Bitcoin Using PayPal or 112+ Different Fiat Methods<\/strong><\/p>\n

      The second platform to offer users to buy Bitcoin using PayPal is OKX<\/a>. \"OKXOKX is the world’s sixth-biggest cryptocurrency exchange by market capitalization, with a daily trading volume that ranges between $600 million to $900 million.<\/p>\n

      OKX is extremely bullish when it comes to providing users with a way to buy Bitcoin using fiat. Along with PayPal, users can refer to over 112 different ways to buy Bitcoin and other altcoins available on the platform.<\/p>\n

      OKX has a maker\/taker fee model for the trading fees. At the highest, users must pay a 0.080% maker fee and a 0.10% taker fee. And the lowest maker\/taker fee available is 0.060%\/0.080%. The tier for the maker\/taker fee depends on the number of assets as well as the number of OKB tokens that users hold.<\/p>\n

      \"Buy<\/p>\n

      The minimum deposit required to start trading on OKX is 0.00005 BTC. The deposit fee may not come with any charges. However, PayPal may take a cut.<\/p>\n

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      \nPros<\/strong>\n