How To Buy Bitcoin With PayPal?

Purchasing Bitcoin today is relatively easy that it was 5 or 6 years ago. Purchasing it with PayPal though might be a bit tricky and expensive.

Many bigger exchanges don’t allow for users to buy bitcoin with PayPal because it’s too easy to do so and this may lead to a potential chargeback. Also, Bitcoin is a true competitor to PayPal and all the purchases made with it are reversible whilst bitcoin is not.

There are, however, exchanges that allow you to make a purchase with PayPal.

For example, VirWox is one of the very few platforms that let you buy Bitcoin with PayPal. In order to start purchasing, you will first need to set your budget, research and find the perfect bitcoin wallet that will meet your needs. After you do this, go to VirWox’s website and set up an account. Make sure you provide valid and appropriate information and confirm your account. Next, deposit the desired amount of money into your VirWox account via PayPal.

VirWox will charge you a 10% transaction fee. After your purchase your bitcoins, it is best to transfer them to your personal wallet.

Luckily, there are some other platforms for you to consider. Although they might not be so popular, there are really worth checking out. One of them, for example, is LocalBitcoins. This is a platform used worldwide. With LocalBitcoins you must first find someone that is willing to accept PayPal as a method of payment for bitcoin. Each user is responsible for their actions to the seller.