How to Buy Bitcoin with PayPal through Bitstamp It should be noted that as of writing, users cannot withdraw money directly back to their PayPal account upon selling their Bitcoin – they will have to opt for an alternative fiat withdrawal method.Ĭlick here to read a full review of Bitstamp and its services. Fees on PayPal purchases are 5% of the total purchase amount, which is high (but not uncommon) for the payment method. There’s a limit of up to $2,500 daily and a cap of $20,000 per month. The platform supports PayPal for Bitcoin purchases if you’re a resident in the US or EU, and pay with EUR, USD, and GBP. Pros: Very well-established, highly trustworthyĬons: Cannot withdraw back to PayPal (yet), lower limits than other platformsīitstamp is one of the oldest and best-respected cryptocurrency exchanges today, being in operation since 2011. Cryptocurrency trading is not supervised by any EU regulatory framework, your capital is at risk. IMPORTANT! Cryptocurrencies can widely fluctuate in price and are not appropriate for all investors. Keep in mind that if you use eToro for speculation, you don’t actually need a Bitcoin wallet. If, however, you need the actual bitcoins to buy stuff or send them to another person, keep reading for an alternative option. If you’re just looking to profit from price swings and don’t require the actual bitcoins, this is probably the easiest and cheapest way to go. In other words, eToro is better suited to speculate on Bitcoin’s price rather than for buying the actual coin for using it. While the platform will allow you to buy bitcoins with PayPal, withdrawing them to your wallet will take an extensive amount of time and steps. One of the easiest alternative ways to buy Bitcoin with PayPal would be through eToro, but only for a limited purpose. Pros: Relatively low fees, a variety of payment methods acceptedĬons: Not available worldwide, withdrawing profits in crypto is complicated That’s it! Click ‘Buy now’ to confirm the purchase and the coins should be available in your PayPal digital wallet. Check the conversion rate and transaction fee.Select your payment method and click “Next”.Enter the amount of Bitcoin you want to buy.Click on “Buy and Sell” under the “Your crypto” section (available only to supported locations).Sign up for an account, if you don’t already use PayPal.Maximum limits are $10,000 per week with no annual limit, while fees vary between 1.5% and 2.3%, depending on the size of the purchase. It’s worth mentioning that this option is currently only available for US users, with more countries due to be added over time. As of June 2022, PayPal also allows users to withdraw their coins into third-party wallets for personal storage or wider use throughout the ecosystem. This allows users to hold and sell Bitcoins purchased through the service, as well as use them to pay PayPal-supported merchants. In October 2020, PayPal rolled out direct purchases of Bitcoin (and three other cryptocurrencies) within the PayPal digital wallet, through a partnership with Paxos.
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