Well, if that’s what you want; you are at the right place & I’m going to share all possible methods that you can use right now to purchase Bitcoins using PayPal.
First thing first; users from USA can now directly buy Bitcoin using PayPal app. People outside USA can use these other platforms to purchase bitcoins using PayPal money.
Update: On popular request, I have also listed a website that also let you convert Bitcoin into PayPal.
In this tutorial, I have highlighted some of the best ways by which Bitcoins can be purchased using PayPal.
Let’s dive right in
Here are all the listed sites from where you can Purchase Bitcoins via PayPal:
- PayPal : For U.S users
- CoinBase (Available in a few countries)
- PaxFul (Offers from many countries)
- Wirexapp (The best way & at the market rate and only for Europe and UK users)
How to buy Bitcoin with PayPal account
If you are a user from USA, you can use official PayPal website or mobile app to buy Bitcoin. However, you should know that you can’t withdraw Bitcoin from your PayPal wallet, and you can use your Bitcoin to pay online on all the merchants who have integrated with PayPal checkout.
To use PayPal for buying Bitcoin, simply login to PayPal.com (Only for U.S. users), and you will see the option to buy crypto on PayPal.
Click on it, and you will get on the page where you can complete the purchase and buy Bitcoin using PayPal official app.
Click on buy, and accept the terms and conditions.
This is another marketplace where you can purchase Bitcoin using PayPal. However, you need to be careful while picking the seller. However, this is best-known way to purchase Bitcoins using your PayPal account.
Click on the trader name to check his feedback & trade volume. This will give you a good idea of how credible the seller is. In below screenshot you can see an example of a credible seller:
In the past I have used LocalBitcoins to purchase Bitcoins using cash & it worked fine for me. Read LocalBitcoins review to learn more about this platform. Again, you need to be smart & careful when making a purchase using LocalBitcoins.
3. Coinbase (PayPal in Europe and U.S.A.)
Coinbase is a popular website that accepts PayPal as a payment method to purchase Bitcoin. This feature is available in the U.S.A, all major European country and in the U.K.
The interface of Coinbase is easy to use and is beginner-friendly. Read how to buy bitcoin using Coinbase. Even if it’s your first time buying Bitcoin using PayPal, you will have no problem using the CoinBase. There is a limit of $25000/daily for buying via PayPal. However, you should know that buying Bitcoin via PayPal on Coinbase is costliest due to the high fees, and not recommended.
This is another popular way for users like you & me to purchase Bitcoins using PayPal, Payoneer, Skrill, Gift cards to name a few. This one is similar to LocalBitcoins (Above) but with cleaner UI. Paxful is listing and escrow service for sellers to trade on. Read more about this platform in our review of Paxful platform.
Vendors may also ask for ID for themselves before accepting your PayPal.
5. Buy Bitcoins using PayPal & WirexApp:
Wirexapp is one of the best ways for anyone who is looking to buy Bitcoins using PayPal on a consistent basis. This method would take 1-2 days for the first time & after that, it’s all instant.
Just follow the steps mentioned in this tutorial & then you will be able to use your PayPal funds to Buy Bitcoins. This method can be used for PayPal accounts within 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
- To get started, you need a WirexApp account. Create an account here
- When you create and verify your account, you get a free virtual visa card. (You can also order Physical visa card but for now, let’s focus on the fastest method).
- To use this method you need to add a small amount ($3) to your virtual visa card from Wirexapp. This is important to add the card to your PayPal account.
- Now, login to your PayPal account, Click on Money & Click on Add a card
Click on Add a new card
Now here enter the virtual debit card detail you got from Wirexapp.
PayPal will ask you to confirm the new card. Click ‘Confirm my card’ and PayPal will begin a series of transactions to verify your card. This is where your balance of $3 will be used (This will be reversed later). This is a standard practice by PayPal that they use to verify an account. It will then ask you to enter a PayPal Code.
Now login to your Wirexapp account & under transaction you will find the confirmation code to verify your debit card.
Just confirm the code & you will see a success message like this.
Click on close & now you are all set to start purchasing Bitcoins using your PayPal money. Now all you need to do is, withdraw money from your PayPal account to linked Wirexapp debit card.
Usually, this takes between 1-7 days for the fund to withdraw to your linked card. Once this is done, you can use Wirexapp interface to Purchase Bitcoins.
This has been one of the best ways for anyone who is looking to use their PayPal money for purchasing Bitcoins at market rate. All other methods usually cost you extra for Bitcoin purchases.
If you are in the countries listed above, use Wirexapp to get your first free virtual debit card (VISA powered) & use it to purchase Bitcoins using PayPal money.
Is int this cool?
I will keep testing new methods that let us buy BTC with PayPal. For now, you should try one of these methods to buy Bitcoins with PayPal instantly.
You can also send me a tip on Twitter @coinsutra
Here are a few hand-picked guides related to Bitcoins that you must read:
- How to buy your first Bitcoin using Coinbase
- How to exchange Amazon gift card for bitcoins (Complete tutorial)
- How To Convert Bitcoin Into Ethereum (or any other cryptocurrency)
Do share your experience of purchasing bitcoin with PayPal. If you enjoyed reading this guide, do share it with your friends on Telegram, email & Twitter.
Harsh Agrawal is the Crypto exchanges contributor for CoinSutra.
He has a background in both finance and technology and holds professional qualifications in Information technology.
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