If you are planning to invest some money in Bitcoin and other cryptocurrencies then it is an ideal time to put some money in the crypto market.
That said, if you want to buy Bitcoin using your PayPal account then it might not be as easy as it sounds but doesn’t worry we will show you some easiest methods to buy your first bitcoin using PayPal.
Local Bitcoins is one of the oldest methods to buy Bitcoins using PayPal service and fortunately or unfortunately it is still the popular destination for PayPal users to buy the bitcoin even in 2018.
In simple terms, Local Bitcoins is a marketplace where it connects you with users online who accept PayPal for Bitcoin. Though it is the easiest way out there and you can find a wide variety of sellers across the globe but you have to alert while choosing the user profile as there is a high risk of a scam.
Wirex is one of the finest methods to buy Bitcoins using PayPal but the only drawback this site faces is; it takes too long i.e about 3 to 5 days for the first time deposit.
This method is applicable for PayPal account holders based in one of these Countries:
Bahamas, Bahrain, Botswana*, Bulgaria, Chile, Croatia, Estonia, Georgia, Gibraltar, Honduras*, Iceland, Indonesia, 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, United Arab Emirates and Uruguay
In order to start using Wirex, you have to create a WirexApp account > once the account is created and verified, you can order a free virtual visa card (Remember: you can also order a Physical visa card).
Now you will be required to add a small amount of $3 to your Wirexapp virtual visa card in order to add the card to your PayPal account > then you have to open your PayPal account and add the visa card from Wirexapp (it is similar to add other bank cards) > Once the card is successfully added you can withdraw money from your PayPal account to linked Wirexapp card. It generally takes 1-7 days for the fund to withdraw to your linked card > Finally you can start buying Bitcoins using your Wirexapp account.
Paxful is another simple way to buy Bitcoins using PayPal. In other words, Paxful works similar to Local Bitcoins where you can buy Bitcoins from sellers who accept PayPal as the payment mode. But the word of caution would be the same: you have to choose the seller’s profile very wisely while doing such transactions.