How to Buy Bitcoin with PayPal – Buy Bitcoin with PayPal through Coinbase

How to Buy Bitcoin with PayPal. If you have been finding it hard to buy bitcoin with PayPal, then this article is for you. Here in this article, I will be showing you the various steps on how to buy bitcoin with PayPal.

How to Buy Bitcoin with PayPal

But before then, what is Bitcoin, and what is it about?

What is Bitcoin?

Well, bitcoin is a network that operates on a protocol known as the blockchain. It is a digital currency and a decentralized system that records transactions in a shared ledger known as a blockchain.

Bitcoin miners operate complex computer rigs to solve complex puzzles in an attempt to confirm groups of transactions known as blocks. Upon success, the blocks included to the blockchain record as well as the miners are compensated with some little bitcoins.

The rest participants in the Bitcoin market can purchase or sell tokens via cryptocurrency exchanges or even peer-to-peer.

The Bitcoin ledger is being secured against fraud through a trustless system. Also, Bitcoin exchanges work to protect themselves against prospective theft. However high-profile thefts have happened.

Bitcoin also makes use of peer-to-peer technology to work with no banks or central authority. Managing transactions as well as the issuing of bitcoins is being carried out inclusively by the network.

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How to Buy Bitcoin with PayPal

Follow the steps below to see how to buy bitcoin with PayPal:

How to Buy Bitcoin with PayPal

Here is how to buy Bitcoin with PayPal:

  • The very first thing to do is to login to PayPal and choose cryptocurrency. You will see the option for cryptocurrency at the top right side of the dashboard, then click on ‘Send’ and ‘Request’.
  • Now click on ‘Bitcoin’, you can as well pick any of the rest coins displayed there.
  • Click on ‘Buy’.
  • Then pick how much you want to buy. You can also enter how much you want to spend on Bitcoin.
  • Choose your payment method. You might have had your bank account being linked to your PayPal account.
  • However you can as well use another method if you do not want to make use of your bank account.
  • Now, click on ‘Buy’.
  • Once you are done finalizing your purchase, you will be redirected to a confirmation screen. there you should see your coins being reflected in your PayPal account dashboard.

How to Buy Bitcoin with PayPal through Coinbase

Coin base is one of the most trusted cryptocurrency exchanges in the world and it started by collecting PayPal as a means of payment in 2021. Sad enough, as of writing, Coin base does not enable users to purchase directly making use of their PayPal balance.

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However rather via a debit card or even a bank account that is being connected to their PayPal account.

Though, this is kind of restrictive. But on the good side, the maximum daily limits are good and high at $25,000 per day.

The fees for making use of a debut card purchase on Coinbase are 4 percent each trade. Whereas bank deposits through PayPal cost 2.5 percent.

Also, the users of Coinbase may withdraw fiat from Coinbase to their PayPal account.