In this post, I’m going to show you EXACTLY the 5 best sites to buy bitcoin with PayPal in 2020 easily and securely.
In fact, this is the exact process that I use to purchase $3,000 worth of bitcoin using my Paypal with these 5 best sites.
So, if you want fast, easy and secure ways to buy bitcoin with Paypal, then you’ll love this new tutorial.
Let’s dive right in…
- 8 steps to buy bitcoin with PayPal on Local bitcoins
- 4 steps to buy bitcoin with Paypal on Etoro
- 3 steps to buying bitcoin with Paypal on Paxful
- 4 steps to buy bitcoin with Paypal on Wirexapp
- How to buy bitcoin with Paypal on Magnatus
8 steps to buy bitcoin with PayPal on local bitcoins
Step #1: Create an account
Create a Localbitcoins account and complete all the account registration process.
Make sure to use your accurate details to enable easy verification.
Step #2: Click on buy bitcoin
Click on buy bitcoin at the top of the page where you will see the option to either buy bitcoin or sell bitcoin.
Step #3: Choose the payment method
Enter your local currency value of Bitcoin you want to buy, then select the country that you want to buy from and select PayPal as your preferred payment method and click search.
Step #4: Select a trader
You will now see a long list of sellers that will allow you to buy Bitcoin with PayPal.
The results are ranked by the price that the seller is willing to accept.
Next, to the username, you will also see the total amount of trades that the seller has completed, along with their feedback score.
You can also place your mouse on the colored circle to see how recent the trader has been online.
Step #5: See trader terms
Once you have selected a seller, click on the Buy button to see more information on the trader and his terms of trade.
Check that the information is correct, including the trading limit, exchange rate, the amount you want to buy along with confirmation time.
Step #6: Send trade request
Now, all you need to do is to Send Trade Request.
Once you have gone over all of the information and made sure it suits you, just enter how many bitcoins you want to buy and click “Send trade request”.
It is extremely important to pay before the payment window runs out or else your trade will be canceled and you may essentially lose your money.
Step #7: Transfer funds
Once the seller accepts your Bitcoin with PayPal request, their coins will be locked in escrow.
You will then be provided with the PayPal address that you need to transfer the funds to.
Although the escrow feature reduces your risk, it does not eliminate it.
Step #8: Check your local bitcoin wallet
As soon as the seller gets notified of your payment, your bitcoin will then be released to your LocalBitcoins wallet where you can now send the coins to your personal wallet.
Lastly, the final step is to leave feedback for the buyer and encourage the buyer to do the same for you.
Feedbacks are important for both the sellers and buyers as it builds a reliable reputation and helps to make more trades.
LocalBitcoins fees and limit
Buying, and selling Bitcoin on this platform is completely free.
LocalBitcoins users who create advertisements are charged a 1% fee for every completed trade.
Keep in mind that the amount of bitcoins you can buy on LocalBitcoins depends on how much limit a seller has set.
Trading safe as a buyer
Buying Bitcoin with online payment methods is a generally safe process protected by LocalBitcoins’ escrow service.
Nonetheless, you can ensure the best BTC buying experience following the tips below:
- Never use external communication for trade-sensitive information (e.g. receiving payment details).
- Check that the seller’s payment account details are compatible with their LocalBitcoins’ verified name.
- Upload your payment evidence to the trade chat whenever possible.
- Keep an eye on the payment time window to make sure that you complete payment and mark trade as paid before it expires.
- Never press the cancel trade button if the trade is paid.
- In case of a disagreement with the seller, dispute the trade.
LocalBitcoins currently serves more than 200 countries and territories on its platforms.
The countries which are not served are locked out as a result of either international financial restrictions, or regulatory prohibitions.
Countries not served include the US, China, Indonesia, Syria, and North Korea.
The support services at LocalBitcoins can be accessed on a 24/7 basis.
Available methods include:
Email (via website contact form).
However, only their social media channels guarantee fast services as support tickets may sometimes take up to 10 days to get a reply.
4 steps to buy bitcoin with Paypal on Etoro
Step #1: Setup an account
Go to the eToro website and set up an account.
Follow the account opening process, which will require you to enter your full name and email address.
You will also need to choose a strong password to help safeguard your account against any DDOS attack or account compromise.
Step #2: Verify identity
Properly verify your identity and make sure that the government-issued ID (e.g, passport) is a high-resolution copy that shows both sides of the document.
Step #3: Deposit funds
Now that you have successfully set up, click on “Deposit Funds”.
Next, enter the amount and select the currency.
Be sure to select your preferred deposit method like Paypal, you can complete the transaction by signing into your account on the Paypal website.
Step #4: Buy bitcoin
Search for Bitcoin at the top of the page and then click on Trade.
Finally, enter the amount of Bitcoin that you want to buy in your local currency, then click on Buy after you must have reviewed transaction details.
By now, you should have bitcoins in your portfolio.
This screenshot below is a recent update from Etoro regarding PayPal transactions, be sure to checkout for your country before you use the platform.
Etoro fees and limit
eToro does not charge any deposit or trading fees other than spreads.
Long (BUY), non-leveraged crypto, stock and ETF positions are not executed as CFDs and do not incur any fees.
eToro however, charges a $25 fee for withdrawals and the minimum withdrawal amount is $50.
etoro supported countries
According to Etoro, as of August 2019, the eToro wallet is available in these countries:
Contact etoro support service center by opening a new support ticket, type in your query and you’ll immediately get replied to depending on your query.
Pro Tip: I would only recommend this option to users who understand the risks of using this platform and have read all of the terms.
3 Steps to buy bitcoin with PayPal on Paxful
Step #1: Register an account
To register an account, all you need is an email.
Make sure to complete all the account opening processes by verifying your email.
Although, for security reasons, you will be required to activate the two-factor authentication (2FA) by linking your phone number and set your security questions and settings.
Paxful, being a P2P marketplace, allows users to undergo verification of account if they want.
However, sellers might want to charge extra for the instantaneous and private purchase through PayPal.
So, being a verified user can honestly make your life easier but is not necessary.
Step #2: Search for Paypal option
Click the “Buy Bitcoin” link at the top of the screen.
Choose “PayPal” as your desired payment method, enter the “Amount”, “Currency” and click on
Search for offers as seen from the screenshot below.
Once the results load, you’ll be shown a list of open offers that meet your search criteria
In most cases, it is advisable to set your location on Worldwide as it takes into account all offers that accept PayPal.
E-payment works for many countries. Thus, the more regions you include, the better offers you might get while buying Bitcoins at Paxful.
Now click “Buy” next to one that satisfies all your requirements.
Step #3: Proceed to buy now
Enter the amount you wish to buy and click on the BUY NOW when you are ready to proceed with your purchase.
You will then be redirected to a Trade page that looks like this.
Follow all of the instructions provided by the seller to complete your payment.
Once the trade initiates, you will be sent to an online chat with the seller, where you can finalize the deal.
The seller’s bitcoins will be sent into escrow, and once you mark that you’ve sent your payment, they will be released into your account.
Keep in mind that if you don’t finalize the deal within a certain timeframe (usually 30 minutes), the deal will be automatically canceled.
Now you have your bitcoin, let’s check out more on Paxful which is their fees, limits and countries the serve.
Paxful fees and limit
Paxful does not control the buyer/seller limits.
Instead, the company leaves it to the market participants to decide.
So, if you are buying Bitcoin from any seller, you will do well to read the limits they set.
You are buying bitcoin at a rate set by the sellers themselves depending on your payment method, verification status, currency pair (such as USD, EUR, CNY), and order size.
Plus, you want to make sure that the terms are favorable to you before you proceed to make payment.
And if you are unable to find satisfactory explanations, you can inquire from the seller directly.
Be sure to evaluate each offer that you choose when buying bitcoin on Paxful.
Paxful has taken a helpful step to ensure funds security in the provision of escrow services.
Users’ funds are held in escrow when they are trading on Paxful until both parties involved confirm that the transaction has been completed successfully.
This way, traders are assured that they won’t lose their funds to fraudsters who are looking to prey on unsuspecting traders.
Paxful’s servers are protected in line with the best of banking requirements.
Paxful operates in all countries of the world including those countries where their major market is.
- United Kingdom
The list goes just about anywhere else in the world.
The key is finding a seller that meets both you and the seller’s terms and conditions.
According to Paxful its services is not supported by these countries listed below.
|Syria||Crimea region||Yemen||Central African Republic Sanctions|
South Sudan-related Sanctions
Sudan and Darfur
Paxful’s customer support team does its utmost best to help clients efficiently and in a friendly manner.
Aso, you can find answers to several queries by visiting the company’s FAQs page.
4 Steps to buy bitcoin with Paypal on Wirexapp
Step #1: Open an account
Register an account here, complete the registration form by confirming your account via the account activation link sent to your welcome email.
Verify your phone number using a code that allows you to transfer cryptocurrency on mobile as well as desktop.
Step #2: Complete verification
The complete verification process requires you to provide “Proof of Residency along with Proof of Identity” (documents must not be more than three months old).
Upload documents via the ‘Get Verified Now’ page in the ‘Getting Started’ section.
Step #3: Add a card
When you have verified your account on Wirex, you will be issued a free virtual visa card.
Simply add the virtual visa card to your Paypal account.
Note that: You can also order a physical visa card from Wirexapp.
The next step is to add the virtual card details from the Wirexapp as seen below.
PayPal will then ask you to confirm the new card.
Click ‘Confirm my card’ and PayPal will begin a series of transactions to verify your card.
Verifying your card requires you to deposit at least $3 in your PayPal account so that PayPal will be able to charge you.
So you need to make sure your card is loaded with a minimum of $3 balance.
Check your Wirex account for the transaction, and you will see a 4 digit code that verifies the transaction.
Just confirm the code and you will see a message that says that you have successfully confirmed your card.
Now all you need to do is, withdraw money from your PayPal account to the linked Wirexapp debit card which in turn is linked to your Wirex account.
Note that: It takes between 1-7 days for the fund to withdraw to your linked card.
Once this is done, you can easily purchase bitcoins from Wirexapp.
Step #4: Buy Bitcoins
Once you’ve got your virtual card loaded with cash, click on “Buy Bitcoins” on Wirex’s page, select your Card from the drop-down menu, enter the amount and done.
Lastly, confirm the transaction on the next page.
Your bitcoin will automatically be credited to your Wirexapp account.
You have now purchased your first bitcoin from Wirexapp.
Fees and limit
Wirexapp limits and fees are imposed by Wirex for different verified and unverified accounts.
Ordering a Wirex card and corresponding current account is free.
However, you will be charged a nominal monthly fee for card account maintenance.
For crypto exchange, Wirex cryptocurrency account limits vary depending on the currency from which the conversion is performed.
The security of the user’s funds is Wirexapp’s top priority.
They have built a secure and trustworthy platform employing the latest security technology in the blockchain and financial industry.
Wirex uses 256-bit SSL for all communication between server and web browser, which completely eliminates the possibility of “man in the middle” attack.
SSL (Secure Sockets Layer) is the standard security technology for establishing an encrypted link between a web server and a browser.
This link ensures that all data passed between the web server and browsers remain private and integral.
Furthermore, Wirex email confirmation ensures that its user account is linked to their mailbox.
Any card-related information or fund-sensitive confirmation emails will be sent to the user’s email address.
Therefore if a hacker manages to access your Wirex account, they will only be able to perform a limited number of actions, none of which includes sending your funds outside of your Wirex account.
Specifically, Wirex multi-signature technology makes it impossible for anyone to transfer funds without the transaction being signed by all parties involved.
Every Wirex user has their own 2-3 multisig bitcoin account with a unique set of private keys (every key is encrypted with a strong password and backup key is stored completely offline)
Wirex works closely with BitGo, the world leader in blockchain security, to ensure that funds are kept securely and Wirex account infrastructure is audited on a regular basis.
At present, Wirex features are supported in over 245 countries
Wirex accounts and cards can be used in any country where Visa is accepted
Although the card itself can be used anywhere, Wirex cards can only be issued and delivered to these countries.
It is not a matter of citizenship, but rather where you reside.
According to Wirex, they are continuously extending their worldwide coverage to make Wirex available for more countries.
Using the Wirexapp Paypal option is available only to those in these supported 39 countries.
|Saudi Arabia||Senegal||Serbia||Slovakia||United Arab Emirates|
How to buy bitcoin with Paypal on Magnatus
Step #1: Visit the Magnatus website
Registration on the website works automatically when submitting the first application for the exchange.
Step #2: Click on the “Exchange Button”
The form with * indicates fields that are obligatory to fill.
Carefully fill in the indicated fields correctly.
Next, click on the submit button.
You will get a message like this one below.
Finally, be sure to confirm the 4 digit code that will be sent to your phone number and carefully follow the instructions on the account dashboard to complete the rest of your bitcoin buy order from the Magnatus website.
This website is pretty simple and straightforward when buying bitcoin with them.
Magnatus payment options include the following
You can contact the Magnatus support team to get directly in touch with them.
Power Tip: Make sure to do your due diligence before using any of the platforms listed in this post.
This is not financial advice and due to the high volatility of cryptocurrencies, never invest or trade more than you are able to lose.
Now I’d Like To Hear From You
There you have it:
The 5 best sites to buy bitcoin with Paypal 2020.
Now I’d like to hear from you.
Which sites from today’s post are you ready to try first?
Are you going to buy bitcoin with Paypal on Localbitcoins?
or maybe you will buy bitcoin with Paypal on Magnatus.
Either way, let me know by leaving a comment below.