![]() ![]() ![]() These limits are increased as your account gets older. This will allow you to buy €90 worth of coins every 24 hours. When you register you will need to provide some personal details like your full name and nationality. Once you have done that, you can simply withdraw the Bitcoin back to your wallet!Īs I mentioned earlier, there is more risk for sellers who accept PayPal, so VirWoX has installed limits. You can then use the built-in exchange to swap the SLL tokens for Bitcoin. The platform allows you to buy SLL coins using PayPal. SLL is a virtual currency that is used in an online game called Second Life. They specialize in selling something called ' Second Life Lindens', or SLL for short. This company was created in 2007, which was two years before Bitcoin was launched! ![]() The next option on my list of merchants that allow you to buy Bitcoin with PayPal is a platform called VirWoX. ![]() So, now that you know about LocalBitcoins, the next part of my ‘ Buy Bitcoin with PayPal’ guide is going to look at VirWoX! VirWoX ✗ You may need to verify yourself (sellers choice) ✗ Sellers often charge higher Bitcoin rates for PayPal payment If you are using PayPal to buy Bitcoin, then the LocalBitcoins seller will most likely ask you to do this. They may ask you to upload a copy of your ID, confirm your email address and phone number before they accept to trade with you. There is one thing to remember though - because PayPal carries a bit of risk for the seller, they sometimes charge much higher rates!Īlthough it is possible to trade anonymously on LocalBitcoins, some sellers ask that you verify yourself to them. I have used PayPal to Bitcoin before on LocalBitcoins, and the process took no more than 10 minutes. When the seller can see the payment is in their PayPal account, they notify LocalBitcoins, and the BTC is instantly released! This protects both the buyer and the seller from losing their Bitcoin or payment.Īs soon as the PayPal payment has been transferred, the buyer notifies the seller. Once they do, their Bitcoin is locked into an ‘escrow’. Once you find a seller that is happy to accept Bitcoin, you enter the amount of BTC that you want to buy, and then wait for the buyer to accept. Seeing as PayPal is a global payment system, it doesn’t matter which country you choose! If somebody wants to sell their Bitcoin, they list the price that they want to sell it for in their local currency, along with a list of payment methods that they accept. The greatest thing about LocalBitcoins is that it supports more than 20 different payment methods – including PayPal! It was created in 2012, and its headquarters are in Finland. LocalBitcoins is a peer-to-peer exchange that allows people from more than 200 different countries to buy and sell BTC. Now, what are you waiting for? Let’s start by finding out why it is difficult to use PayPal when purchasing cryptocurrencies. I am then going to give you a really simple step-by-step guide! By the end of reading this, you will know how to buy Bitcoin with PayPal! If you're open to purchasing Bitcoin in some other ways, though, you could visit a high-end exchange, or even purchase Bitcoin via Simplex. But did you know that you can also buy BTC with PayPal? Well, now you do, and today, I’m going to show you how! However, in 2023, it is now really easy to buy Bitcoin with a debit/credit card or a bank account. This was because there were hardly any exchanges that sold cryptocurrency! Even if you could find a reliable exchange ( such as Binance), it was really difficult to find one that accepted real-world payment methods. When Bitcoin was created in 2009, it was almost impossible to purchase during the first few years of trading. I’ll also give you some of the advantages and disadvantages of using each of them. In this " how to buy Bitcoin with PayPal" guide, I am going to show you five different platforms in which this option is available. ![]()
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