How to buy Bitcoin using PayPal - The best webs
Why should you buy Bitcoin using Paypal?
How to buy Bitcoin with Paypal on eToro
Step 1: open an account
Step 2: verify your identity
Step 3: deposit funds into your eToro wallet and buy Bitcoin
How to buy Bitcoin using Paypal at Plus500
Step 1: open an account
Step 2: Deposit funds into your account
Step 3: start trading
Buy Bitcoin with PayPal in Italy
Tips on how to buy Bitcoin using PayPal
Authentication
Reliability
Do some research
Bitcoin vs PayPal
Similarities
difference
Is Bitcoin better than PayPal or vice versa?
We know the barriers to dealing with buying Bitcoin with Paypal; many people buy Bitcoin on Paypal, and then ask for the money back, they usually leave the seller without cryptocurrency and without money.
Unfortunately, there are also other ways to buy Bitcoin through Paypal today. In fact, it is possible to do this on secure and controlled platforms. We have found through in-depth research that eToro is the best platform for buying Bitcoin via Paypal. Continue reading this article if you want to know more and the steps to follow to buy Bitcoin on this platform and other exchanges.
Why should you buy Bitcoin using Paypal?
Because Bitcoins can be bought and sold, but more importantly, stored in a digital wallet to resell at a higher value, their popularity has grown over time. Consider that in 2017 the price of Bitcoin reached unprecedented levels, exceeding the record high of 20 thousand US dollars. However, in 2018 Bitcoin, dragging all other digital currencies along with it, burned nearly 700 billion dollars in capitalization. In short, it is more convenient to buy Bitcoin using Paypal and resell it, rather than keep it in your digital wallet. This skill is also practiced by automated trading robots, such as the Bitcoin Era and Bitcoin Revolution. So far though,
How to buy Bitcoin using Paypal - Step-by-step guide
In this guide we will review all the necessary steps to be taken to buy Bitcoin using PayPal.
How to buy Bitcoin with Paypal on eToro
Unlike what is happening on other platforms, Bitcoin buyers using PayPal through eToro, do so through a simple and direct process, which is the main reason why we recommend this platform at iba.
Step 1: open an account
Log in to eToro's official website and open a new account by clicking "Sign up now".
You will need to enter your personal information in the form that appears and submit it to open your account.
EToro also offers you the possibility to log in via your Google or Facebook account, completely bypassing the aggregation form.
Step 2: verify your identity
Because it is a controlled platform, eToro requires all users to submit KYC and AML procedures. To do this, you will need to upload a copy of your ID card, driver's license or passport.
It not only serves to buy Bitcoin, but also to answer the question "how to sell Bitcoin Paypal" through the platform and a verified account.
Step 3: deposit funds into your eToro wallet and buy Bitcoin
You can deposit funds into your electronic wallet using your bank account (transfer) or via credit card.
EToro supports many payment methods, including the most popular e-wallets such as PayPal (of course), Neteller and Skrill. Choose PayPal if this is your preferred method of payment and make your first deposit.
Beginners can start with a $ 250 fee, which is useful for beginners to understand how the platform works.
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How to buy Bitcoin using Paypal at Plus500
The Plus500 is a platform very similar to eToro and just as secure and controlled. Here are three steps to follow to buy Bitcoin using Paypal on Plus500.
Step 1: open an account
If you want to buy Bitcoin using PayPal at Plus500, the first thing you need to do is go to the official website and register. Doing so is quick and easy. All you have to do is log in to the site page and enter your information on the registration form, which will also enter your email address and choose a secure password to protect your account. At this point you will need to verify your phone number to confirm your identity.
Before you can make your first deposit, you will need to complete a questionnaire according to ESMA restrictions. You will initially be asked to fill out a short form by entering your personal information, including your full name, home address, country of residence and date of birth. At this point you will need to answer some questions about your financial situation, including income and why you are trading. Once this is done, you will need to answer a few more questions about your business knowledge and experience.
Step 2: Deposit funds into your account
At this point, all you have to do is make your first deposit by clicking "deposit" in your account. Here you can choose PayPal as your secure payment method. The minimum deposit to start trading with Plus500 is $ 100.
Step 3: start trading
When you have completed your deposit, you can click on "trade" in the menu on the left side of the page to start trading. You will now be able to access the trading platform. If you scroll down you will find the option for cryptocurrency trading. When viewing Bitcoin, you will be able to trade the cryptocurrency by clicking "sell" or "buy". It's really simple.
Buy Bitcoin with PayPal in Italy
Now that you know some of the best ways to buy Bitcoin with PayPal, it is time to learn the best ways to do it in Italy.
Best available for buying Bitcoins on PayPal in Italy and via Plus500. The reason is simple, this platform is regulated by the CySEC (Cyprus Securities and Exchange Commission) and the FCA (Financial Conduct Authority).
All you have to do to buy Bitcoin on Plus500 is follow the steps above. Once you have made your initial deposit with Plus500, you just need to click on the Bitcoin market on the platform screen and click on the Buy button.
Tips on how to buy Bitcoin using PayPal
Here are some tips for buying Bitcoin using Paypal that you can follow, regardless of the platform you choose to use.
Authentication
Please verify your account and your identity before purchasing. The reason you should do this right away is that not all crypto exchanges and providers that allow PayPal integration have the same regulatory process. Therefore, you may find yourself entering the same information over and over again, when it took once to start.
Reliability
Always check for phishing links. PayPal phishing links are not uncommon. Phishing links are fake pages that copy real PayPal logins and popups that require your login by tricking the user into thinking they are a secure computer. After entering the information, the window melts and the phishing link retrieves the PayPal login information. To protect yourself, always check the security of your popups and any cryptocurrency exchanges you use and allow PayPal integration.
Do some research
Research as much as possible. If you are not sure if you can buy Bitcoin on an exchange, try contacting an official team member. Do your homework as well. Lower level, lesser known sites are more likely to be scams.
Bitcoin vs PayPal
Understanding the differences and similarities between PayPal and Bitcoin is critical to making secure purchases. Let’s start by looking at their similarities, as most users who are more accustomed to Bitcoin or PayPal, just want to know more about one of the two options.
Similarities
Both Bitcoin and PayPal are payment methods
Both are used as a P2P payment system
Both are used to create fast and cheap online transactions
Bitcoin and PayPal represent technologies that aim to simplify the digital payment process
Both Bitcoin and PayPal allow international transfers and direct integration with online platforms
difference
Bitcoin is a currency, while PayPal is not a transferable currency or entity / asset
PayPal works with banks and individuals to process payments almost like a gateway; Bitcoin is decentralized
Bitcoin uses shared ledger technology to display verified transactions. PayPal relies on banks to verify transactions
Once a payment is released with Bitcoin, it cannot be canceled. PayPal has a debit function to cancel payments
Bitcoin uses encryption and does not need to identify users. You need to load your national passport / ID or enter your bank details to open a PayPal account
Is Bitcoin better than PayPal or vice versa?
Bitcoin is not necessarily better than PayPal and PayPal is not better than Bitcoin, because the two are similar, but at the same time different things.
Theoretically, Bitcoin allows faster transaction speeds, is controlled and confirmations are faster, all at a fraction of the cost charged by PayPal, however, since PayPal accepts large currencies, it is currently the most - liquid form of payment. available
While Bitcoin may maintain an internal technical advantage, liquidity and adoption have also begun to play; almost 95% of all modern outlets used allow PayPal integration, while only a small percentage allow Bitcoin processing.
This is the compromise and the subsequent argument that comes out. While Bitcoin may prove to be better than PayPal as a form of processing, it has many problems that it must overcome in the coming years to be named truly better than PayPal.
