Can I buy Bitcoin with PayPal credit?
Robert 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; there is no direct way to buy Bitcoins using PayPal as Bitcoins transactions are irreversible. However, there are certain indirect ways that are used by users around the globe to purchase bitcoins using PayPal money.
Update: On popular request, I have also listed a website that also lets you convert bitcoin to visa
into PayPal.
In this tutorial, I have highlighted some of the best ways by which Bitcoins can be purchased using PayPal.
How to buy Bitcoin with a PayPal account
1. Localbitcoins
This is another marketplace where you can purchase Bitcoin using PayPal. However, you need to be careful while picking the seller. However, this is the best-known way to purchase Bitcoins using your PayPal account.
Click on the trader's name to check his feedback & trade volume. This will give you a good idea of how credible the seller is. In the 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 the Localbitcoins review to learn more about this platform. Again, you need to be smart & careful when making a purchase using Localbitcoins.
2. 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.
3. Paxful
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 a cleaner UI. Paxful is a listing and escrow service for sellers to trade on. Read more about this platform in our review of the Paxful platform.
You need a verified USA Paypal account. PayPal awards verified accounts only if you link your bank, debit card, and upload an ID. Vendors will also ask for ID for themselves before accepting your PayPal.