In this how to buy Bitcoin with PayPal guide, I am going to show you five different platforms in which this option is available. I’ll also give you some of the advantages and disadvantages of using each of them.
When Bitcoin was created in 2009, it was almost impossible to purchase during the first few years of trading. This was because there were hardly any exchanges that sold cryptocurrency! Even if you could find a reliable exchange, it was really difficult to find one that accepted real-world payment methods.
However, in 2018, it is now really easy to buy Bitcoin with a debit/credit card or a bank account. 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!
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!
So, what are you waiting for? Let’s start by finding out why it is difficult to use PayPal when purchasing cryptocurrencies.
– Where Can You Buy Bitcoin with PayPal?
It is important to remember that the majority of cryptocurrency exchanges do not accept PayPal. Even a majority of the exchanges that allow you to deposit using fiat currency don’t support it.
The main reason for this is the way that the PayPal chargeback policy works. Essentially, when people pay for products using PayPal, they are offered something called “Buyer Protection”. This means that if they are not happy with the product they purchased, they can raise a claim with PayPal in an attempt to get their money back.
In the majority of cases, if the seller can’t prove that they delivered the item, PayPal will take the funds back and refund them to the buyer!
As you can imagine, there is no way to prove that the buyer didn’t receive the Bitcoin (even if they did). This is why exchanges are worried about including PayPal within their available payment methods.
However, that doesn’t mean that you can’t do it, because as I am about to show you, there are a few different ways you can. Each has its pros and cons, which I’ll explain below some of the best exchanges to buy Bitcoin with Paypal!