If you want to buy some bitcoin using your Paypal. Then this guide will show the easiest way to buy bitcoin with PayPal and all the steps you need to take when purchasing bitcoin or a part of it with your Paypal account.
You should keep in mind a few things that will help you buy bitcoin using PayPal.
- People from the US can buy directly using the Paypal app
- People outside the US can use other platforms to buy with Paypal
In this guide, I will show both of the methods so you are covered and finally get your bitcoin using Paypal
What Is The Easiest Way To Buy Bitcoin With PayPal?
There are multiple ways to buy bitcoin with PayPal. But the following methods are the easiest of all and can be done in a short time!
Buying Bitcoin And Other Cryptocurrencies Using Paypal App (US Only)
If you are a PayPal US user, then it is quite easy for you to purchase bitcoin using your PayPal app or just by visiting the official website of Paypal. 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
To do it the first step is to go to your Paypal account and click on log in. You will automatically see the option of buying, selling, and securely holding bitcoin on Paypal. This s 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 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.
2- 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 the coin base allows users from the USA, European countries, and the UK to buy bitcoin and other cryptocurrencies using a Paypal account.
The clean, beautiful, and beginner-friendly interface welcomes you even if you are a beginner looking to buy bitcoin or other cryptocurrencies.
When you are ready to buy, click on the cryptocurrency that you want to purchase and click on add payment method. You will have a new window with multiple payment options including Paypal.
Click on Paypal and you will be taken to the Paypal login screen. 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 that is simple as well so you do not have to worry a lot about it.
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 or any other cryptocurrencies like ethereum, bitcoin cash, and bitcoin.
However, you can buy up to 25000 dollars a day only\ with your PayPal account on Paypal.
Is It Better To Buy Bitcoin Or Other Cryptocurrencies 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.
3- Buy Bitcoin, and Ethereum Using Paypal On WirexApp
This is not the fastest way to buy bitcoin using PayPal but you can do it once you have registered an account on the wirex app. Here is a quick guide that will go 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.
- To get started, you will have to create an account on the Wirex 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 s3 to activate your virtual visa card from the wirex app. Without adding s3 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” and 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, log in to your wirex account, and 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.