5 Best Methods to Buy Bitcoin Using Paypal


Are you a fan of using PayPal and finding a way to buy Bitcoins using PayPal? 
Buying Bitcoin with Paypal is somewhat difficult to do.
Unless Paypal is your ONLY option, we highly recommend using a bank account or credit/debit card.
First thing ; 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.


How to buy Bitcoin with PayPal account


1. Buy Bitcoin using LocalBitcoins
LocalBitcoins is a global Bitcoin exchange that gives a lot of options to its users.
LocalBitcoin is a peer-to-peer Bitcoin exchange that keeps bitcoins in its escrow. It has been operating from Finland since 2010.
LocalBitcoins lets you use PayPal for these transfers. Simply use PayPal to send money to the LocalBitcoins account in the normal way.

The best thing about LocalBitcoins is that you deal with the buyers/sellers directly and decide to trade only if you are satisfied with the terms of the trade. Once you engage in a trade you can receive your fiat money in the agreed way through a bank deposit, PayPal, Payoneer, or in cash. And when it comes to receiving your bitcoins LocalBitcoins act as an escrow in between so that you don’t get cheated.

Pros and cons of LocalBitcoins
Pros
  • Simple, quick and easy.
  • Potentially one of the most cost-effective ways to buy bitcoin with PayPal.
  • No set transfer limits.
Cons
  • You’ll need to find a seller/buyer.
  • The rates you get are determined by the kind of deal you find.
  • Sellers might choose not to accept PayPal.


2. Buy Bitcoin using Coinbase
Coinbase is one of the most popular cryptocurrency exchanges in the world, based in the U.S. and operating at varying capacities in 103 other countries including the likes of the U.K., Mexico, and Spain. A cryptocurrency exchange, as the name suggests, functions as a middleman in the crypto market, providing a platform for users to buy and sell different coins. Exchanges vary on factors ranging from the type of coins it trades, whether it allows for purchases with fiat money (USD, EUR, JPY), transaction fees, and processing times.

PayPal has already partnered with leading exchanges such as Coinbase, BitPay and GoCoin, allowing investors to buy Bitcoin with PayPal with ease. However, the one drawback with buying Bitcoin using this e-wallet via Coinbase

Pros and cons of  Coinbase
Pros

  •     High liquidity and buying limits
  •     Easy way for new users to buy bitcoin
  •     Instant buy available with credit card as backup


Cons

  •     Limited payment methods
  •     May track how its users spend bitcoin



3. Buy Bitcoin using Paxful

Paxful is based in the USA, and was established in 2015 by a group of developers who sought to create a peer-to-peer marketplace that allowed buyers and sellers to interact after posting trade offers. The site operates as a mediator between interested parties and provides a space for its users to interact.

Paxful is a popular option for trading Bitcoin as the site is user friendly and offers the most diverse range of payment methods available online. Payment options include bank transfer, credit or debit card, PayPal, MoneyGram, and Skrill. In addition to these methods, users can also choose to make purchases by using any of a huge number of gift cards such as Amazon and iTunes.  These options make Paxful a handy location for buying and selling Bitcoin.

Paxful is available globally except the following countries:

Cuba, North Korea, Syria, Iraq, Lebanon, Sudan, Yemen, Libya, Burundi, Iran, Central African republic Sanctions, Somalia, Crimea region and Darfur.

Pros and cons of Paxful
Pros
  • Simple, quick and easy.
  • Potentially one of the most cost-effective ways to buy bitcoin with PayPal.
  • No set transfer limits.

Cons
  • You’ll need to find a seller/buyer.
  • The rates you get are determined by the kind of deal you find.
  • Sellers might choose not to accept PayPal.



4. Buy Bitcoins using WirexApp
Wirex is UK-based startup that that offers cryptocurrency wallets linked to debit cards, digital currency and fiat currency. The firm also offers payment solutions. Wirex services are accessible through its website and mobile applications. In this article, we’d present an unbiased Wirex review. Wirex cards are probably the most easy to use solution to store and spend cryptocurrency in day-to-day life.

Wirex is an application and account that lets you remain in control of both traditional financial assets and cryptocurrencies.

Users of WirexApp can buy bitcoin in the following countries:

Turkey, Iceland, Morocco, Jordan, Malta, Lesotho, Philippines, Latvia, Gibraltar, Senegal, Oman, Romania, Mozambique, Serbia, Marino, Uruguay, Slovakia, Honduras, Bahamas, United Arab Emirates, Bahrain, Malaysia, Botswana, Mauritius, Lithuania, Indonesia, Kazakhstan, Slovenia, Moldova, Luxembourg, Croatia, Italy, Bulgaria, Liechtenstein, Saudi Arabia, Chile, Estonia and Israel

Pros and cons of WarixApp

 Pros

  •     Crypto Cashback Rewards
  •     Spend Your Crypto in Stores
  •     Physical Card
  •     Multiple Wallets
  •     Fiat Options


Cons


  •     ATM Charges
  •     Monthly Fee for Physical Card
  •     Password / Login Issues
  •     Not available in USA
  •     Poor customer support



5. Buy Bitcoins using VirWox
VirWoX stands for Virtual World Exchange and is an exchange dedicated to buying virtual currencies. Interestingly enough, it is older than the first appearance of Bitcoin on exchanges since it began in 2007 in Austria as a centralized digital currency exchange. At its core, VirWoX is designed as an online exchange dedicated to buying virtual currencies that you can use in online games. Via a loophole, however, VirWoX has come into the limelight by making it possible to purchase Bitcoin via PayPal, although doing so does require a few extra steps.

VirWoX is the easiest and most popular way to buy bitcoins with PayPal.
You can buy bitcoin with PayPal on VirWox by purchasing SLL, and then trading your SLL for bitcoin.

Pros and Cons of VirWoX

 Pros

  •     Possible to Buy BTC with PayPal
  •     No ID Verification Required
  •     Fiat Purchases


Cons

  •     Dated Interface
  •     High Fees
  •     Limited Currencies


6. Buy Bitcoin using xCoins

xCoins is officially a peer-to-peer lending platform that connects bitcoin lenders and borrowers. Loans that originate on the platform are person to person. xCoins is merely the middleman that facilitates the transaction.

xCoins is a bitcoin-fueled peer-to-peer asset-backed lending platform. Borrowers gain access to bitcoin, providing fiat money in USD as collateral. The benefit to the lender is they don’t need to sell their BTC to generate profits.

xCoins working in the following countries:

Denmark, France, United Kingdom, Finland, Mexico, Nepal, Indonesia, Greece, Sri Lanka, Oman, Kuwait, Japan, Sweden, Afghanistan, Egypt, Morocco, Hong Kong, Turkey, Yemen, Taiwan, Bangladesh, Belgium, Bahrain, Cuba, Colombia, South Korea, Netherlands, Qatar, Austria, Pakistan, Nigeria, Ireland, Italy, Philippines, Poland, Thailand, Germany, Norway, Brazil and many other countries.

Pros & Cons of xCoins
Pros


  •     Easy verification
  •     Good customer service and quick turnaround time
  •     Two-factor authentication
  •     Users receive bitcoin instantly upon paying the lender


Cons


  •     xCoins was hacked in January 2017, raising questions about its security
  •     Bad publicity during 2017
  •     Website lacks extensive features
  •     Maximum loan amount is low


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