Can someone buy Cryptocurrencies like Bitcoin or Ethereum without an exchange?
The answer is yes.
You can buy crypto without using an exchange.
The question how can you do it?
Most people think that buying crypto is not possible without n exchange.
However, this is not true.
You can buy cryptocurrencies without using an exchange. Although, you may not get a huge list of coins to choose from and buy. Yet, it is possible to buy popular coins like Bitcoin, Ethereum, Solana, etc.
So let’s dive into the details and see how can we do this!
Can You Buy Crypto Without An Exchange?
Here are a few ways that allow you to buy crypto without using an exchange like Binance, coinbase, Kucoin, or any other one.
1- Bitcoin ATMs
The first method is to go to a bitcoin ATM and buy bitcoin using cash.
But the problem is that there are very few countries and cities where bitcoin ATMs are available.
So if there is no ATM available in your area or country, you can not buy via an ATM.
If you already have an account and some amount in kucoin, then click on the ‘trade’ option.
Now click on the ‘search bar’ and type ‘Wemix’. Kucoin will show you the ‘Wemix/USDT pair.
Kucoin will show the price for Wemix.
Enter the amount of Wemix coinsthat you want to buy and click on ‘buy’.
That’s it, you have successfully bought the Wemix coin.
The second exchange that is also good for buying Wemix coins is Huobi.
Just log in to your Huobi account or create a new one here.
Once you are in the app, click on ‘Trade’ to go spot trading.
Next, you will see a trading pair, click on it to go to the search box.
Type ‘Wemix’ to find the Wemix/USDT pair. Huobi will show the market price for this pair. If you are happy with the price, enter the amount of ‘Wemix’ coins that you want to purchase and click on ‘Buy’ to complete the process.
The third exchange that is also good for buying Wemix coins is Bybit.
Just log in to your Bybit account or create a new one here.
After opening the website or Bybit app, click on ‘Trade’ to go spot trading.
Next, you will see a trading pair, click on it to go to the search box.
Type ‘Wemix’ to find the Wemix/USDT pair. Bybit will show the market price for this pair. If you are happy with the price, enter the amount of ‘Wemix’ coins that you want to purchase and click on ‘Buy’ to complete the process.
Wemix is getting popularity and more people are looking at ‘how to buy Wemix coin’.
You can easily buy it on multiple exchanges such as Kucoin, Huobi, and Bybit.
But you have to make sure that you have enough balance on the exchange before buying any coin.
This is one of the great things that you get with a Paypal account as a US user you can use Paypal as a crypto wallet as well.
Paypal allows you to buy some other cryptocurrencies like Ethereum, bitcoin cash, and bitcoin as well.
Simply click on the buy button next to the coin icon and complete the purchase. It is that simple.
Here are a few things that are important to know before buying bitcoin using the PayPal app or official website as a US user:
You can’t withdraw Bitcoin from your PayPal wallet
PayPal allows US users to use Bitcoin to pay online to the merchants who have already integrated with PayPal checkout
Buy Bitcoin With Paypal Using Coinbase (In the US And Europe)
Coinbase is the second most popular exchange in the world for buying and selling cryptocurrencies.
The good news is that Coinbase allows users from the USA, European countries, and the UK to buy bitcoin and other cryptocurrencies using a Paypal account.
The best part about Coinbase is:
The clean, beautiful, and beginner-friendly interface welcomes you even if you are a beginner looking to buy bitcoin or other cryptocurrencies.
To buy bitcoin with Paypal using the Coinbase platform, follow the following steps:
Click on the bitcoin
Then click on the add payment method
You will have a new window with multiple payment options including Paypal.
After that, Coinbase will take you to the Paypal login screen.
Login to Paypal to connect it with Coinbase.
However, you should keep in mind that your Paypal login email and coinbase email should be the same. Otherwise, you will have to go through a two-factor authentication process.
Once you have logged in to your Paypal account, select add debit or credit card or bank account that is linked to your Paypal account.
After completing this step, you can now buy bitcoin and a few other cryptocurrencies like Ethereum, and bitcoin cash as well.
Yet, you can buy up to 25000 dollars a day only\ with your PayPal account on Coinbase.
Is It Better To Buy Bitcoin Using Paypal On Coinbase?
The answer is ‘No”.
You should not be using this way due to the highest fee that coinbase charges on PayPal purchases.
That is why it is not recommended even if you are not a beginner.
Buy Bitcoin Using Paypal On WirexApp
This is not the fastest way to buy bitcoin using PayPal.
This method takes time.
But you can buy bitcoin with your Paypal account once you have registered an account on the wirex app.
Here is a quick guide that will take you through the steps you need to take to purchase bitcoin using PayPal and the wirex app.
The wirex app supports the following countries for bitcoin purchases via PayPal account:
Bahamas, Bahrain, Botswana, Bulgaria, Chile, Croatia, Estonia, Georgia, Gibraltar, Honduras, Iceland, Indonesia, Israel, Italy, Jordan, Kazakhstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Malaysia, Malta, Mauritius, Moldova, Morocco, Mozambique, Oman, Philippines, Romania, San Marino, Saudi Arabia, Senegal, Serbia, Slovakia, Slovenia, Turkey, United Arab Emirates, and Uruguay.
If you are not from the above countries, then you can choose the other methods of buying bitcoin.
To get started, you will have to create an account on theWirex app
Wirex will verify your account and then you can order a physical/ or virtual visa card connected to your wirex wallet
The fastest way is to use the virtual card because it does not take much time
Add a small amount of $3 to activate your virtual visa card from the wirex app. Without adding $3 or more, you can not add the card to your PayPal account
Now log in to your PayPal account, click on the top of the menu, and click add a new card
Click on add another card
Now add the details of your virtual debit card that you have got from the wirex app
To make sure that you own the card that you have entered the details, PayPal wants to confirm your card. Click on “confirm my card”.
PayPal will start a series of transactions to verify your card. This is how PayPal verifies its user’s accounts. In this process.
Your $3 will be used for these transactions and will be revered later!
Paypal will next ask you to add a PayPal code. To complete this step, go to your wirex app and under transactions, you will find a confirmation code to verify your debit card.
Just confirm the code and you will see a success message like this.
Close this tab now you can start purchasing the bitcoin using your PayPal account. To do this you need one more step of withdrawing your funds from your PayPal account to your linked wirex app virtual debit card.
Go to your PayPal account and click on withdraw money, and select withdraw funds to your debit card. Now enter the amount you want to withdraw, select the e-virtual card, and click on continue. Keep in mind that the minimum amount of withdrawal is $10 and the PayPal fee will also be deducted from this amount.
The withdrawal request is now in process and it usually takes from one to seven business days to get the amount on your Wirex account.
Once the funds are withdrawn from your PayPal account into your wirex virtual debit card, you can now easily buy bitcoin with just a click.
If your funds are received at wirex virtual card, then follow the steps:
Log in to your wirex account,
Click on buy bitcoin.
Enter the amount of bitcoin that you want to purchase. The minimum BTC to purchase is 0.01 BTC.
When you are ready, click submit.
A new page will open just to confirm your purchase, click on OK and you are now done. You will also receive a confirmation email.
Now for those countries where PayPal is allowed for users, this is one of the best ways due to the low fee cost for traders. You can save some bucks by avoiding fees that you pay extra on other methods.