Bitcoin is the most well-known cryptocurrency and the most successful one as well. After the amazing boom at the beginning of the year, more and more persons became interested in cryptocurrency. And they have reasons to do that.
Digital currency is evolving fast, and there is a big chance that it will be integrated in our daily lives in the future. Therefore, it might be a good idea to invest in these coins while you still can. Investing in Bitcoin is not that difficult, but one of the easiest ways of doing it remains PayPal.
In this article we will show you exactly how to purchase Bitcoin using PayPal and what are the advantages and the disadvantages of this method. Luckily for you there are certain platforms that will allow you to use PayPal as a payment method. You can find more advice about buying cryptocurrencies on Cryptotraderpros.com
Get Bitcoin with VirWox
This platforms does not deal with Bitcoin exclusively. In fact, VirWox is mostly known for the Second Life currency. However, you can start by purchasing Second Life Lindens (SLL) and then you can trade it on order to obtain Bitcoin. The process is in fact very simple, and that is because you can buy SLL using PayPal. However, the rates can be a disadvantage, as they are quite high.
All you have to do is activate your VirWox account then link it with your PayPal account. You should be able to do that in a couple of minutes and then you can simply change your dollars for SLL. After you are done purchasing SLL, go to the BTC/SLL section that appears in your sidebar. There you can trade the SLL you have for Bitcoin. After you do that you should move the Bitcoin to your wallet.
Local Bitcoins
This platform allows user to buy or sell Bitcoin using various payment options, and luckily for you, PayPal is one of them. This platform can be considered one of the easiest ways of buying Bitcoin because you can make the purchase quickly, and you do not need to share any personal information.
However, you might find it difficult to buy a large amount of bitcoins on LocalBitcoins, and the prices are a bit higher. But if those things do not scare you, you can easily sign up for LocalBitcoins.
Once you have an account and you verify it, you can use the search option in order to find the amount of currency that you want to buy. You should also enter your method of payment, as well as your location.
Look through the offers until you find one that you want to purchase. You should see a “buy” button. Click on it in order to receive more details about the trade. You should receive all the information that is needed for trading. Read everything carefully, and if you agree you can go forward and submit the trade request. If you don’t like the offer you can go back and select other offer.