Buy Bitcoin With PayPal
You are able to buy Bitcoin in the UK using a number of different payment solutions. However, many people are followers of PayPal and have attested to the fact that using PayPal to buy Bitcoin is a seamless experience that also allows you to keep your bank account out of the equation. For those of you who prefer using a third-party payment solution, PayPal is definitely one of the most-recognised payment solutions the world over. PayPal is even incorporating it’s own crypto services on the site and will soon start including a number of international markets in their crypto services – mainly the UK in the first half of 2021.
However, we’re going to look into how to buy Bitcoin with PayPal when using a trading platform. Let’s take you through the process of creating a PayPal account and ultimately funding your PayPal account and subsequent trading account. From here, you’ll be ready to buy Bitcoin with your newly-funded account courtesy of PayPal.
How To Buy Bitcoin With PayPal
Before you buy Bitcoin, you’ll need to create a valid PayPal account. This can be done in a couple of minutes. But, you also need to create a trading account if you haven’t done so yet. Assuming this is the case, we’re going to take you through the process step-by-step. At the end of this step-by-step guide, you’ll know how to buy Bitcoin using PayPal.
Creating a PayPal account
Firstly, you’ll need to create a valid PayPal account. This can be done by visiting the official PayPal and clicking on the blue bubble in the top-right of the screen that says ‘Sign Up’. Once you have done this, you’ll be redirected to the start of the registration process – all of which is online. You need to choose a personal account or a business account. You must then complete the security challenge by clicking in the right box. The rest of the registration process includes adding your valid number and entering your personal details. You’ll need to verify your personal details by providing identification. Once you have managed to complete the process, you can confirm that all is true and that you agree to the terms and conditions.
Funding your PayPal account
After you have created a PayPal account, you’ll need to fund your PayPal account. The easiest way to do this is by using a valid credit card – preferably one in your name. You can deposit a sum that you deem is sufficient for funding your trading account. From here, you can confirm the transaction and authorise it via your bank’s 2-factor authentication process. Bear in mind that the funds will be allocated to your PayPal account.
Finding a trusted online trading platform
Once the funds are in your PayPal account, you need to decide on the trading account that you wish to use to buy Bitcoin with PayPal. If you already have a trading platform in mind, all the better. If you haven’t decided on a trading platform as of yet, you can always visit PlayersBest to find out which crypto trading platforms are best. This will enable you to find a reliable trading platform.
If you don’t have an existing trading account, then you will need to create one. This can be done by following the registration process – all of which are fairly simple.
Linking your PayPal account to your trading account
Once you have created or signed into your trading account, you need to fund your trading account using your PayPal account. Go to account settings or funding options and click on PayPal. Here, you’ll need to supply your PayPal details. You’ll be redirected to your PayPal account so that you can confirm the transaction and make sure that all is well. Double-check the figure you wish to transfer and confirm the payment. Your trading account should be credited with the funds.
Buy Bitcoin with PayPal
Once your account is credited with the available funds, you’ll be able to buy Bitcoin with PayPal’s facilitation. Your trading account will be funded and ready to purchase as many Bitcoins as you deem appropriate. Be sure not to give out your account details to anyone in the process and only use trading platforms that are known to act in good faith. The best trading platforms will respect your privacy and ensure that all payments between the trading account in question and your PayPa account are monitored and secure from any prying eyes.
Alternative Payment Options For Bitcoin Purchases
If you have found that PayPal does not provide you with the services that you were hoping for, then it is possible to make use of a number of different online payment options when buying Bitcoin. We recommend that you use the payment method that you feel most comfortable with. Although PayPal is one of the best options when it comes to buying Bitcoin, we have outlined several other options that most online trading platforms and crypto exchanges accept.
If you don’t wish to buy Bitcoin with PayPal, then you have the option of buying Bitcoin with a number of alternative cryptocurrencies. This option is open to any trader or individual who currently has crypto holdings other than Bitcoin. Keep in mind that you will need to purchase the respective cryptocurrency using a traditional payment method first. Thus, we recommend that you use one of the other payment options if you prefer not to buy Bitcoin with PayPal.
Direct bank transfer
Once you have created a trading account or a crypto exchange account, you can always fund your account using a direct bank transfer. This will give you the necessary funds to purchase Bitcoin as you see fit. For speedy bank transfers, why not take a look at providers such as our Zeply review?
E-wallets such as Skrill
There are a number of other e-wallets that you can make use of. Being in the UK, Skrill and Neteller are immensely-popular and used widely to purchase goods and services online. Both of these e-wallets have a proven track record of being secure and facilitating online payments which are quick and reliable. You will need to create an account, just like you would with PayPal and fund your e-wallet account all the same. From here, it’s possible to buy Bitcoin via a trading platform or exchange using your chosen e-wallet.
Payment by bank card
You can always make a direct payment to your trading account using your credit/debit card. It is important that you make sure the trading is safe and secure before you use your card details openly. There should be an accredited processing platform and the availability of 2-factor authentication. Without this in place, we recommend that you do not make a payment using your card.
Buy Bitcoins With PayPal – Important Facts To Consider
If you have managed to fund your trading account successfully, you’ll be able to start buying Bitcoin. However, how does one buy Bitcoins with PayPal within a safe environment? This is an important question as it’ll determine what your trading experience is like. Be sure to use a trading platform that offers you the three following facets. At PlayersBest UK, we’ve gone to great lengths to ensure that you have the necessary insights which will ensure a secure trading platform where you can transfer Bitcoin to PayPal and vice-versa.
A safe and secure trading platform
If you want to use a trading platform to buy Bitcoin with PayPal, then we recommend you make sure the platform is safe and secure. Trading platforms should have the necessary authorisation to offer online trading services and implement security measures which will protect your funds – funds that you will use to buy Bitcoin with PayPal or an alternative – and protect your personal details. Without this, you are at risk of losing out significantly.
Security and verification of payments
When you are looking to buy Bitcoin with PayPal, you need to ensure that you use a platform which facilitates and oversees secure payments which are verified externally. You should be redirected to your PayPal account in order to verify the payment. Once you have completed the verification process, you’ll find that the funds are transferred directly from your Paypal account into your chosen account. If the online platform that you are using does not ask you to verify a payment via PayPal, then you should abort the transaction. In any case, you’ll find that PayPal will most likely not release the funds.
Does the trading platform accept PayPal?
Before you even sign up with a trading platform to buy Bitcoin with PayPal, you need to ensure that you are able to use PayPal in the first place. Not all platforms accept PayPal. As such, you can visit the official website of the trading platform you wish to buy Bitcoin with PayPal from and find out more about the accepted payment options. Otherwise, you can visit PlayersBest to find out which are the best online trading platforms that accept PayPal.
Trading Platforms That Allow You to Buy Bitcoin With PayPal
Now that you know how to go about creating a PayPal account and using it to buy Bitcoin, we’ll outline the best online trading platforms. These platforms will enable you to buy bitcoin with PayPal and provide a range of exciting and useful trading tools. Moreover, you can rest assured that these platforms are secure and reliable. There’s no need to worry about payment issues or delays in processing. You will also have educational tools at your disposal and the ability to track the latest Bitcoin market data – enabling you to time your trades to perfection and execute when necessary.
Biance is a well-known crypto exchange that has a wealth of crypto options on offer. They provide you with the option to buy Bitcoin with PayPal and have a reputation of linking up buyers and sellers who are looking to trade cryptocurrencies with maximum ease. We urge you to consider using Binance as they will ensure a streamlined trading experience and the ability to utilise competitive trading fees for a number of Bitcoin trading options.
This online trading platform is well-known amongst newcomers and experienced traders alike. It is with much praise that we highlight eToro as a recommended online broker when considering to buy Bitcoin with PayPal. eToro is very user-friendly and you’ll find that the platform is intuitive – allowing you to execute trades, such as buying Bitcoin, with no issues in the interim. It’s also possible to mimic the trades of pros who are experienced in what they do. This gives you an added insight. Plus, you’ll find a range of commission-free trading options with this platform.
Coinbase is a great online platform that allows you to buy Bitcoin with PayPal in the UK. Coinbase even has its own crypto wallet and will enable you to purchase a range of other cryptocurrencies, too. Coinbase has grown in stature and continues to enjoy massive success as a reputable and reliable cryptocurrency platform.
Conclusion On How To Buy Bitcoins With PayPal
We hope that you found our coverage on how to buy Bitcoin with PayPal to be enlightening and helpful. Using PayPal to buy Bitcoin is one of the most convenient ways in which you can buy Bitcoin. PayPal continues to go from strength to strength and soon you will be able to use PayPal itself to buy bitcoin directly.
PayPal is looking to the future and the gradual adoption of cryptocurrencies and blockchain capabilities in a number of different sectors. As such, you’ll soon find it even easier to use PayPal to buy Bitcoin. For now, you can buy Bitcoin using PayPal and a reliable trading platform. PayPal is one of the best payment options available when you wish to purchase Bitcoin. We urge you to always make use of an accredited and reliable payment option when you buy cryptocurrency online.
Buy Bitcoin With PayPal FAQ
❓Is it possible to buy Bitcoin with PayPal?
It is possible to buy Bitcoin using a number of different payment methods. If you wish to buy Bitcoin with fiat currency, you’ll need to ensure that the payment solution that you use is accepted on the platform that you wish to buy Bitcoin on. As such, we’ll take you through all the ins-and-outs of buying Bitcoin so that you manage to do so with ease.
🔐How do I buy Bitcoins with PayPal?
In order to buy Bitcoins with PayPal, you’ll need to create a PayPal account. This is the first step in being able to buy Bitcoin with PayPal. After which, there are a number of proceeding steps that you are required to take before adding them to your crypto wallet. To find out precisely what these steps are, take a look at our coverage of PayPal Bitcoin transactions. We strive to outline all the basic facts succinctly so that you can implement them in real time.
💰What are the associated costs in terms of using PayPal to Bitcoin?
There are always a number of costs involved. However, you shouldn’t necessarily be paying hefty fees when you use PayPal to buy Bitcoin. Payment solutions do need to charge you some sort of fee and this is necessary to cover the transaction cost. In our latest coverage on how to buy Bitcoin with PayPal, we’ll bring your attention to any relevant costs that you may well incur during the process of purchasing Bitcoin via PayPal.
✅Is it safe to buy Bitcoin with PayPal?
You will always want to use a safe payment option when purchasing cryptocurrency online. As is the case for all online transactions. PayPal is a widely-used online payment solution that enjoys a strong and reliable reputation across the globe. In our latest coverage here at PlayersBest, we’ll be sure to outline just how safe this process is.
💯Is PayPal to Bitcoin the best payment option?
There are a number of different payment options that you can use to buy Bitcoin. However, certain payment options provide you with an easier process and facilitate payments without having to wait long periods of time. As such, we have outlined why PayPal is a good option. In our comparison, you’ll find a number of reasons why using Paypal is a decent option all round. Be sure to take your time when reading up as it will make the end process a lot quicker.