5 Advantages to Buy Bitcoin with PayPal

Bitcoin is a global consensus

By its free and decentralized nature, Bitcoin is the first payment network that works only thanks to its users and without a central authority. Even Bitcoin developers have no power to force an update into the protocol if enough users, developers, or miners disagree. You alone have exclusive control of your wallet.

A currency designed for the Internet

Bitcoin was born on the Internet. Introducing in its passage the freedoms of physical money in the web world while making payments easier and secure in both worlds. Bitcoin can offer concrete alternatives to several old, heavy, and expensive systems. And it can increase the accessibility of online commerce in developing countries.

Protect individual rights and freedoms

Bitcoin allows each person to store and exchange value securely over a network that cannot be seized, manipulated or stopped by any organization or individual. Thus giving free access to powerful tools that can play a role in protecting individual rights and freedoms against several levels of corruption.

The first global and neutral currency

It is difficult to find a currency in our history which has already been free from any political influence or any national economy. Could Bitcoin become the first global currency to cross all barriers between nations, policies, and cultures for the benefit of the common good? It all seems possible. One for all and all for one!

Promote transparency

All Bitcoin transactions are public. But the owners and recipients of these transactions remain unknown. Organizations can choose to reveal ownership of certain Bitcoin addresses to specific people. This allows any organization to implement excellent transparency practices adapted to each need.

Make money safer

Thanks to the ingenious use of cryptographic rules, Bitcoin offers an astonishing list of security-related features. Not only are Bitcoins impossible to counterfeit or usurp but the protocol is also designed to be very resistant against an impressive list of computer attacks, including distributed denial of service attacks.

While there is no online broker to buy bitcoins directly with Paypal, there are other indirect ways in which users around the world can buy bitcoins using money from their accounts. Among the most reliable markets that offer this type of method is Paxful and Local Bitcoin. As there is a high risk of fraud here for this type of online transaction, I would provide you with the best websites allowing you to buy bitcoins with Paypal directly and cheaply.

All your transactions are 100% protected as your verified account can guarantee that your escrow deposit is fully secure with the highest level of encryption and security. This is the main advantage of PayPal for buyers. Paxful will also check all the sellers for your safety. Payment will be made directly from your personal account. Some sellers put caps on when it comes to the maximum amount of bitcoin you can buy per transaction.

Before you rush to the first seller offering no PayPal fees, a word of advice pays attention to the rate offered for the price of Bitcoin because most sellers take their commission here! Do you already have a PayPal account, and prefer not to use other payment methods to buy Bitcoins? It is possible to do it with PayPal, but finding places to do it can sometimes be difficult.

This is why we have prepared five methods to buy PayPal to BTC instantly (well, most of the time). The difference with PayPal is that this payment system allows refunds, unlike Bitcoin which does not allow it. Sometimes there are scammers who buy Bitcoins with PayPal and then pretend that they haven’t received anything. Keep this in mind when using these methods.

At the time of this writing, eToro has issued its crypto wallet, which allows you to store Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, and Ripple, directly from its trading platform. This allows you to buy Bitcoins with PayPal, but you must withdraw them from the eToro wallet to be able to withdraw them elsewhere or send them to other people. Getting Bitcoins via eToro is by far the easiest and most user-friendly way for beginners. Besides PayPal, it also supports a multitude of other deposit methods. In most cases, your initial deposit should be at least $ 200.

Getting bitcoins via Paypal and Virwox

Virwox is the contraction of the Virtual World Exchange. You can buy there a virtual currency called SLL (Second Life Linden Dollars), from the game Second Life – one of the biggest virtual worlds – using PayPal; you will then exchange them for Bitcoins. However, Virwox limits the amount you can deposit via PayPal or by credit card, transaction fees are much higher than average, and Virwox imposes a waiting time for new user transactions of up to at 48 hours.

Local Bitcoin are one of the most popular trading platforms, but not really one. Rather, it is a website that allows you to find people selling Bitcoins near you. They are the ones who define the payment method. This means there is a chance that they will accept PayPal payments.

Use PayPal and Wirex to get BTC

Wirex is a company that sells virtual and physical Bitcoin debit cards. They work like any other debit card, so you can use them with your PayPal account. That said, the process takes an incredibly long time – up to 10 days, depending on where you live.

Buy bitcoins using Paypal and Paxful

Paxful is very similar to Local Bit coins, but is smaller and less known. When you create an account, you choose your payment method and the amount you want to buy. You then choose a seller manually or let Paxful find one for you. The disadvantages are that exchange rates are high, as is the possibility of being scammed. With a service as fast and easy to use as PayPal, some users logically prefer to use this method. However, one of the biggest problems here is that PayPal payments are reversible while those in Bitcoins are not. High fees are also one of the main reasons why some sellers do not accept PayPal! Buyers can easily claim a refund from PayPal and have their payment refunded, which is inconvenient for sellers.