For more than a decade now, PayPal has cemented its place as a market leader in online payment services, revolutionising e-commerce as we know it. As the most accessible yet secure e-wallet online, it’s unsurprising that users with PayPal accounts are considering using their e-wallet to buy Bitcoin and many emerging altcoins.
Are you looking to buy Bitcoin with PayPal and start your cryptocurrency investment journey? Here are five compelling reasons why PayPal is a safe and reputable payment method for all kinds of Bitcoin transactions.
1. Get peer-to-peer access to a wide variety of Bitcoin sellers worldwide
PayPal is an accepted payment method with a number of the leading peer-to-peer marketplaces that connect Bitcoin buyers and sellers directly. According to our LocalBitcoins review, PayPal is an accepted payment method on this popular peer-to-peer Bitcoin exchange. LocalBitcoins offers two-factor authentication (2FA) and instantaneous trades. Once you’ve paid the sum required and the Bitcoin seller verifies payment, your new Bitcoins will be credited to your crypto wallet in no time at all.
2. It makes it easy when you’re thinking of buying Bitcoin CFDs
Although Bitcoin exchanges and marketplaces are increasingly accepting PayPal as a form of payment, we believe the easiest way to buy Bitcoin with PayPal is through CFD platforms. When you invest in Bitcoin CFDs, you don’t physically own Bitcoin; you’re simply taking an investment position on whether the market price of Bitcoin will go up (buy) or down (sell). eToro is a popular CFD network that offers Bitcoin CFDs and allows PayPal deposits to fund your eToro account. According to our eToro review, it is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), giving you peace of mind for all PayPal transactions.
3. Make payments faster than ever with PayPal’s One Touch functionality
PayPal’s online payment services are getting slicker thanks to its new One Touch checkout functionality. By activating One Touch payments within your PayPal account, you can make faster deposits into your Bitcoin exchange accounts without having to enter your login details every time.
4. Bitcoin buyers can take advantage of PayPal’s ‘payback’ protection
Better still, whenever you use PayPal as your Bitcoin deposit method, you’re covered by the site’s Buyer Protection. Therefore, if you try to buy Bitcoin with PayPal and the cryptocurrency doesn’t arrive from your seller, or the amount doesn’t match the seller’s description on the exchange, PayPal can reimburse you.
5. PayPal is a trusted brand and deploys state-of-the-art encryption and anti-fraud technology
PayPal works hard to maintain its reputation for user protection. All transactions are monitored 24/7 with innovative anti-fraud technology designed to weed out identity theft and phishing attacks on your sensitive data. Furthermore, every transaction to a cryptocurrency exchange is encrypted from your PayPal account.