You can safely ignore the borrowing/lending wording at the page, as this is probably just semantics to avoid regulatory issues that are more strict if you operate as an exchange. For buyers, the system is pretty much risk-free and, because of the automation, is simple and quick to use. Read more âº Insurance Protection Recurring buys Invest in digital currency slowly over time by scheduling buys weekly or monthly. Buy Bitcoins with PayPal via lending site xCoins Another way to get bitcoin instantly via PayPal is a secured loan (another word for “buy”) offered by bitcoin lending site xCoins. The bad news is that none of the options listed below is elegant, cost-effective and straightforward. The 25% in fees for buying bitcoin with PayPal. Buy/Sell Digital Currency Coinbase is the worldâs most popular way to buy and sell bitcoin, ethereum, and litecoin. 3 Mobile Apps Our popular wallet works on your Android or iPhone in addition to your web browser. It is a marketplace for buying bitcoins directly from other people. 2 connect Connect your bank account, debit card, or credit card so that you can exchange digital currency into and out of your local currency sell bitcoin through paypal. The fee is very high for this kind of transaction – a bit more than 10%. Buying bitcoins via PayPal indirectly Indirectly, you can purchase cloud mining facilities with PayPal and in time you will receive bitcoins for your money with some extra profit sell bitcoin through paypal. First, you need to create and verify your LakeBTC account. Major bitcoin exchanges do not allow funding through PayPal at all. Using the VirWox you can buy another currency, that is Second Life Lindens (SLL) with PayPal and then convert your SLL to bitcoins. Buy Bitcoins with PayPal via Wirex There is also a way to get bitcoins with PP with a workaround, offered by Wirex virtual Visa card. RelatedBuy/Sell Digital Currency Coinbase is the worldâs most popular way to buy and sell bitcoin, ethereum, and litecoin. Then you need to link your verified Wirex virtual debit card to PayPal.
Buy Bitcoins with PayPal at trading site LakeBTC If you can wait 30 days, another option to purchase bitcoins with PayPal is bitcoin trading site LakeBTC. The good side of this platform is that if you are a buyer, you are 100% protected. You will pay about 15% fee to the seller. Then you deposit USD into your account via PayPal, with deposited USD you can buy and trade bitcoins. You do not have to enter any additional information and no financial information such as credit card numbers or bank accounts. Now that you have withdrawn funds from your PayPal account onto your card, you can buy bitcoin. After that withdraw funds from PayPal to your Wirex virtual debit card. This is largely due to repeated cases where someone pays for bitcoins with PayPal, receives bitcoins and then fraudulently complains to PayPal or their credit card company that they never received the goods. All too often PayPal sides with the fraudulent buyer and this is understandably too risky for bitcoin seller. Although they support a huge amount of traditional currencies as a deposit option, only US Dollar PayPal payments are accepted. First, get a virtual Visa debit card from them (redeem your first card for free). Read more âº Other Coinbase products Buy Bitcoins With PayPal The good news is that buying bitcoins with PayPal is possible. If you already have a PayPal account, this is a very fast, convenient and secure way to buy bitcoins. In terms of buying bitcoin with PayPal you need to find a seller which is willing to do the sell. Trading happens in-person and the site has a built-in reputation system so you can always deal with high reputation individuals (users involved in fraud and chargebacks are weeded out). Once the funds have cleared, log into your Wirex account again and select buy bitcoin. Some sellers will also require your ID for the first purchase or other personal information. Buy bitcoins with PayPal via LocalBitcoins LocalBitcoins is a marketplace for trading bitcoins locally to cash or on-line payments of your choice.
Pay with confidence, 2-factor, escrow, highest level encryption and professionally audited security. They do not accept payment from unverified PayPal accounts and there is a limit of how much coins you can buy at once (starting with 88$ per day). In general, you can’t directly buy bitcoins using PayPal, because it is too risky for the seller.TenX.. Eobot accepted PayPal payments in the past, but please do note that this is a long-term investment and you can not get your bitcoins instantly this way. Buy bitcoins with PayPal via VirWox You need a free account on Virtual World Exchange. They verify and check all of the sellers for your safety. Some sellers will require you to have an initial reputation in order to buy from them (so they can avoid scams or fraud too). You pay sellers directly from your personal accounts. But there is a workaround that can be done in order to use PayPal to buy bitcoins but it holds within quite high transaction fees. Most of the sellers will require your ID for the first purchase or some other personal information. Read more âº Secure Storage We store the vast majority of the digital assets in secure offline storage. The whole process will cost you around 6% in transaction fees altogether but will let you purchase bitcoins pretty quickly as opposed to a wire transfer. This means that sometimes you will have to make some small transaction just to get the reputation. The reason this method works is that you do not buy bitcoins with PayPal directly, you only buy SLL with PayPal and then exchange your SLL to bitcoin. Buy bitcoins with PayPal via Paxful Similar to LocalBitcoins is Paxful. Important: USD funds credited to your LakeBTC account via PP will be available for buying immediately, but withdrawals and payments with your newly acquired bits will be available 30 days later. It is quite possibly the easiest place around to purchase BTC with PP quickly. .