• Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
What's Hot

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
Facebook Twitter Instagram
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
CryptodailyNews24
Home»Crypto»PayPal: how to use it to buy Bitcoin
Crypto

PayPal: how to use it to buy Bitcoin

Donald MunnBy Donald MunnJanuary 31, 2022Updated:September 29, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

PayPal has been allowing people to buy Bitcoin for some time now. However, this feature for now has only been added to users in certain countries, including the US and UK, so most users who use it globally can’t enjoy this feature yet. 

Buy Bitcoin with PayPal from the app

To those who turn out to have been enabled, a new section appears within the PayPal website or app, specifically dedicated to buying and selling cryptocurrencies. It actually works as a crypto exchange, even if it actually relies on an external exchange. Users don’t perceive that the trades are made on another exchange, because it operates exclusively from the PayPal platform. 

The company has also published on its official website a guide that shows how to make cryptocurrency trades directly on PayPal. 

The process is really simple, because it is enough to access the “Finance” section and then select “Crypto”. At that point, once you enter the Crypto subsection, simply select the cryptocurrency you want to buy click on “Buy” indicating the amount. The funds to pay for the purchase will be taken, as usual, from your PayPal account. 

In addition to Bitcoin, other cryptocurrencies are also available. 

It is worth mentioning that PayPal applies a commission on cryptocurrency purchases, which is generally higher than that of the main professional crypto exchanges. 

PayPal buy BitcoinPayPal has been allowing you to buy Bitcoins for some time now

Buy Bitcoin paying with PayPal

Unfortunately, the thing is more complex if you are not among the users who have been enabled this feature. 

In this case you can only use PayPal as a payment method on external platforms that allow the purchase of Bitcoin. 

However, there are few crypto exchanges that support direct payment with PayPal, but there is a way around this limitation. 

In fact, PayPal also offers its users the possibility to get a debit card that runs on the Mastercard network. Such a card allows making payments wherever Mastercard debit cards are accepted, and therefore also on most exchanges. 

However, this mode has a limit, since the card can only draw on funds already deposited on your PayPal account, and not from external sources such as other cards or bank accounts. So you can use it only if you have funds already deposited on your PayPal account, and only to spend amounts equal to or less than the balance of your PayPal account at the time of payment. 

However, your PayPal account can be “topped up” by drawing funds from a bank account or a credit or debit card. 

Alternatively, some exchanges, such as Coinbase, allow you to either link a PayPal account as a source from which to draw funds, or to make payments with your own PayPal account. Unfortunately, there are not many, and these features are often not available worldwide.

One must keep in mind that the commission costs on direct payments made with a PayPal account tend to be higher than those made with a credit card, so it’s not surprising that many exchanges prefer the latter solution. 

 

The post PayPal: how to use it to buy Bitcoin appeared first on cryptodailynews24.com.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Munn
Donald Munn
  • Website

Related Posts

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Japan: tax breaks proposed for crypto investors

September 1, 2022

Bitcoin may have hit its low after Powell’s speech

September 1, 2022

Ripple’s plans to tokenize land in Colombia did not take off

September 1, 2022
Add A Comment

Comments are closed.

Advertisement
Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

The latest news about Bitcoin, ICO, blockchain and fintech.

Top Insights

Exploring the Weird and Wonderful World of Cryptocurrency Websites

January 18, 2023

The best PR films to inspire your crypto marketing strategy

January 2, 2023

Cryptocurrencies and startups related to mental health are important topics in today’s world, which have become especially relevant in the era of the COVID-19 pandemic

December 26, 2022
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

  • Home
  • Blockchain
  • Crypto
  • Defi
  • NFT
  • Trading
  • World News
  • Contact
© 2023 cryptodailynews24.com Submit news release

Type above and press Enter to search. Press Esc to cancel.