Start trading for as little as $10 as Libertex is entirely free to join and does not charge any (0%) commission fees on most trades
With the onset of Neobanks and Fintech, Bitcoin trading has become extremely convenient nowadays. Taking into perspective the entire crypto ecosystem, Bitcoin is the oldest and most established currency which has, in turn, made it one of the most accessible assets. You can practically take out your smartphone and start trading anywhere and anytime. This article will cover the ins and outs of buying Bitcoin with PayPal.
PayPal is one of the most globally recognised online payment platforms and now allows its users to sell, buy, and even store cryptocurrencies. One can start their journey with even a meagre sum of $1 in investments.
Now you can buy Bitcoin on PayPal in India as well. Bitcoin can be bought through the website and from a smartphone as well. With these portals, PayPal has increased trading accessibility for a broader demographic of new investors.
The following brokers have been unanimously praised as the most reliable for crypto trading by both new and seasoned investors alike:
CEX.IO is a London-based Bitcoin exchange that allows users to buy and sell Bitcoin with a Paypal It has been in operation since 2013 and is one of the most popular Bitcoin exchanges in the world. In terms of fees, the creator spends a maximum of 0.25%, which is significantly lower than the taker. On the security side, CEX.IO offers several measures to protect user data and accounts. All communication between users and CEX.IO is encrypted using secure sockets layer (SSL) protocol, and the platform is equipped with a two-factor authentication (2FA) system, which requires a one-time code sent to the user’s mobile phone to access their account. The customer support is excellent and responds promptly to queries.
India is a price-sensitive market. For a new trader or investor it is extremely important to start trading at a platform that has a minimum of 0 costs, be it in terms of commission or the minimum amount to be invested on the platform.
To this end, the minimum account amount for all the platforms is either $0 or $1 which makes it quite easy for traders to take the risk. The commission charge is $0 and in some cases, it goes up to $3, which is quite economical. This being said, due to the volatile nature of cryptocurrencies, new traders are often skeptical about whether or not to take the first step. This sentiment is very understandable given that, as a very nascent market, it contains a concerning amount of scammers and bad actors seeking to take advantage of novices and disappearing with their hard-earned money. Today’s more reputable crypto brokerages have taken the lead in verifying and eliminating these bad actors and ensuring that they offer only genuine assets to their clients.
Elaborating on the leading brokers, Binance has almost 600+ cryptocurrencies listed on their platform, Libertex features some of the lowest fees on the market, whilst Paxful allows its users to buy cryptocurrencies in more than 350 ways.
Out of all of the exchanges, Binance is the most respected platform offering a massive diversity of purchasable assets while Libertex remains the safest choice for those new to Bitcoin trading, given that it features some of the lowest fees on the market, starting at 0% on most trades.
You can buy bitcoin with PayPal in just a few clicks. No lengthy procedures, no waiting, all you have to do is follow some basic steps. To start, you will be required to download the app. Moving forward, you are required to select a broker (Binance, Libertex, Paxful etc). Next, create your account on the broker’s portal. To start trading or investing you need to have a certain amount of money in your account. Here you have to transfer the money using your card to your trading account to smoothly carry out the transactions on the platform. Now in the search bar, search for “Bitcoin”. Now you have the option to purchase your chosen cryptocurrency. Now that you have the funds, you can proceed with getting your Bitcoin. So, in simplicity, the steps are as follow;
KYC is a standard practice in every business to identify whether the user is a genuine individual or not. The broker must ensure that every user on their platform is a verified user. It is proof that the exchange is a responsible entity only allowing verified users to their platform.
Following are the steps with which you can buy Bitcoin with PayPal directly:
Following are the steps with which you can buy Bitcoin with PayPal using Binance:
Following are the steps with which you can buy Bitcoin with PayPal using Libertex:
These are the steps that you need to take if you wish to buy Bitcoin with PayPal on Paxful:
Speedy Deposits: The deposits are processed instantly and the user does not have to wait like in the case of a bank.
Fast Withdrawals: When you withdraw money using Paypal your money is withdrawn instantly.
Secured: PayPal offers Purchase Protection for Buyers, which covers you if something goes wrong with your deposit.
Fees: There is a fee or charge associated with every transaction that is being done through Paypal.
Restrictions and limitations: Users are restricted to a limited number of crypto that they can buy using this method. Also, Paypal is not available on many trading platforms.
Here are some of the key points that an investor must keep in mind while choosing an exchange:
The exchanges mentioned are tried and tested beforehand. All the recommendations and information provided are genuine. All the recommendations have been accurately checked individually, we have created an account in each one of the platforms, explored all the features, and most importantly whether or not the exchange is safe to open an account. We have thoroughly gotten feedback from the community and where the exchange stands in the market. Before putting your money in, investors must check all the reviews before investing in any of the exchanges.
This is a link to our list of the best cryptocurrency trading platforms for users who wish to learn more.
The crypto market is highly volatile and has yet to mature. Market conditions can cause a token to go from its record price to the ground in a shockingly short span of time. Only invest as much as you are willing to lose. Before jumping in, make sure to do your due diligence and understand how the crypto market/individual project works, when to invest and when to withdraw.
PayPal has been a leader in the digital payments space for many years and is now leveraging its expertise to provide a secure and safe way for investors to buy Bitcoin and other digital assets. Its easy-to-use platform allows for convenient payments in a matter of minutes. With the increasing popularity of cryptos and the rise of multi-platform transactions, investors may buy Bitcoin from any popular marketplace including Binance, Libertex, and Paxful.
Now you have a 360-degree view of how you can buy Bitcoin with Paypal directly or use it as an intermediary in the crypto exchanges. You also have learnt that it is a cost-effective and fast way of trading cryptocurrencies. You should also be aware of the fact that various brokers and exchanges enable seamless Paypal deposits, simplifying the process to buy Bitcoin and other cryptocurrencies instantly using your Paypal balance.
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
It can be bought through various crypto exchanges operating in India.
Paxful, CoinSwitch Kuber, Binance, Zebpay, etc
Bitcoin can be used to buy stuff on Amazon, appliances, furniture, movies, games, and many more.
Buy Bitcoin on Paypal in India using LocalBitcoins, Paxful, and many more such platforms.
Yes, it is widely accepted by many exchanges.
Binance, Libertex, and Paxful are some of the best crypto exchanges to buy Bitcoin.
Crypto is a volatile market so invest in it at your own risk.
It is the most accessible and the one that has the potential for high returns.
Bitcoin is the first and the most trusted cryptocurrency among traders. It is a safe currency that can be great for the portfolio in the long run.
Bitcoin can be bought through different exchanges. The trader needs to have a crypto wallet that should be connected to their bank to carry on the transactions.
It is usually suggested to buy it when the prices are low, and hold it till its price rises.