Whict platforms offer PayPal payment for Bitcoin purchases 2023

---

Go to eToro

INTRODUCTION

Introduction to buying Bitcoin with PayPal

---

Want to know how to buy and sell bitcoin using PayPal? You are in the right place! After reading this article, you will have a basic understanding of the following:

1. Where can I buy bitcoin using PayPal?
2. Should I buy real cryptocurrencies or is it better to trade contracts for difference (CFDs) in bitcoin?
3. How can I protect my cryptocurrencies after purchase?
4. Which fees should I pay special attention to?

Where to buy bitcoin with PayPal?

Since PayPal announced its entry into the world of cryptocurrencies in 2020, several providers have included PayPal in their wallets.

Our main recommendation is eToro, where you can buy both physical bitcoins and CFDs on Bitcoin. Therefore, eToro offers you all investment possibilities.

However, CFD brokers such as Libertex should not be underestimated.

Libertex, in particular, boasts a wider selection of tradable cryptocurrencies.

Platforms that accept PayPal

Quick guide: how to buy Bitcoin with PayPal

How to buy bitcoin with PayPal?

---

If you want to buy real cryptocurrencies using PayPal, you have found the right exchange: eToro. Initially, until 2018, eToro was a CFD-only broker, after which support for physical/real cryptocurrencies was introduced. At the end of 2018, the long-awaited eToro Wallet appeared, allowing you to transfer purchased coins to your wallet. As such, eToro is authorised under current EU regulations and meets all standards related to deposit insurance and investor protection.

Step 1

Create an account to buy Bitcoin with Paypal

---

To buy bitcoin with PayPal, you must first Create an account. After successful registration, you will be taken directly to the user interface of the investment platform.

Here you can already see the first selection of cryptocurrencies and derivatives in which you can invest on eToro.

You will immediately receive an email asking you to confirm your account with one click. Then click on “Complete Profile (1)” and then follow the steps that are part of the KYC security system. When you reach ‘100% completed profile’ – you can start depositing (2).

Step 2

Deposit Funds

---

In the bottom left corner, you will see a blue Deposit Funds button that will take you to the payment method selection: . You must then select the amount to be deposited and the payment method. In the list, you will easily find Paypal. Once you have selected this method, follow the usual payment procedure with Paypal, as on Amazon or eBay.

Other popular deposit methods are debit and credit cards and SEPA bank transfer. After the first deposit, many other payment methods, such as UnionPay, Skrill, Neteller, etc., will be added.

Step 3

Buy Bitcoin with PayPal

---

Once you have made your deposit, you can start buying Polkadot immediately. To find your favourite cryptocurrency, add it (1) to your list of favourites (2). Go to the search box to type Polkadot (1), then ‘End’ (2) to move on. Now think about the amount for which you want to buy Polkadot (3). And if you want to use leverage of up to 2:1.

Enter the desired amount (4) e… Congratulations, you have purchased Dotn with PayPal after clicking the “Open position” button (5)!

How can I sell Polkadot on a cryptocurrency exchange?

Of course, you can also sell XRP and other cryptocurrencies on a cryptocurrency exchange. We will show you how:

1. Now go back to the list of favourites, but this time click on ‘Sell’.
2. Enter the desired amount and click on the ‘Open position’ button.
3. So you have sold Polkadot or bet on a falling price

Fees for buying and selling cryptocurrencies on a cryptocurrency exchange

Deposit	Free
Buy cryptocurrencies	1% spread
Transfer BTC to etoro wallet	0.5%, minimum fee USD 1, maximum fee USD 50
Withdrawal	$5
Fee after 12 months of inactivity	10 USD per month

Buy Bitcoin CFDs with PayPal

---

We have prepared a comprehensive overview for you, where you can compare all EU-regulated cryptocurrency brokers. After thoroughly testing the platforms, we chose Libertex. Libertex is a Cyprus-based broker and member of the Libertex Group, which has been operating since 1997. Libertex is a broker regulated by the Cyprus Securities and Exchange Commission, with CySEC licence 164/12, and the Libertex trading platform is used by more than 2.2 million customers in various countries.

A big advantage of Libertex is the possibility to deposit money via various methods, as well as the possibility to buy Bitcoin via PayPal.

Step 1

Open a Bitcoin purchase account with PayPal

---

For begin registration – Use the ‘START TRADING’ button. All you need is an e-mail address and a secure password. To protect your capital, we recommend using upper and lower case letters, numbers and special characters in your password.

At Libertex, once you have completed your registration, you will be taken directly to your dashboard. Confirmation by e-mail is not required. The account is already open and you can log in with your e-mail address and password. In the account, you can choose between a real money deposit and a virtual deposit. The virtual account will give you the amount of $50,000 as virtual money.

Use this money and familiarise yourself with the various functions. After all, you want to invest real money later and this way you can avoid potential mistakes. Once you feel comfortable using the platform, you can buy Bitcoin with real money.

To do so, you have to switch to your real account to buy DOT. Before you can take any action, you must confirm your account. by clicking on your name in the top right corner and then on ‘Manage Profile’. For your security, you can also confirm your e-mail address here. As long as it is not confirmed, hackers can change it and steal your cryptocurrencies!

You must also confirm your basic data and enter your phone number. This is the only way to be sure that your money is really safe.

Step 2

Depositing funds to buy Bitcoin CFDs

---

You can now deposit funds into your account to start trading. With some payment methods you can start depositing within seconds. You will find the Deposit funds button directly above it in the navigation. The company must confirm your identity within 15 days of your first deposit. For this purpose, you will need to provide a copy of your passport or identity card. Libertex also requires an invoice from your service or telecommunications provider to guarantee the authenticity of your identity documents. On the one hand, of course, this is an effort, but investing money does indeed involve effort. When you deposit money by bank transfer, there is no minimum investment amount required. For all other payment methods, you have to deposit at least EUR 100.

Deposits via PayPal, Skrill and credit card are extremely fast. The money is available here immediately after completion of the payment process. For other payment methods, the waiting time is 48 hours. Transfers can take between 2 and 5 days. After selecting the desired amount and payment method, you can complete the process by clicking on ‘Deposit’. The funds will be transferred to your account according to the payment method used. The safest way to make a deposit is via PayPal. Simply enter the amount and your e-mail address. You will then be redirected to the PayPal page, where you can continue the process.

Step 3

Buy Bitcoin CFDs with PayPal

---

Deposited funds are now available and you can start trading Bitcoin immediately. You can select BTC from the list of available cryptocurrencies or simply type ‘Bitcoin’ into the search engine.

As a result, you will receive a certificate for the dollar exchange rate BTCUSD – Bitcoin. Currently, no other broker offers more cryptocurrencies to trade than Libertex. You can invest directly in Bitcoin using the ‘Buy’ button. You should also choose in advance whether you want to bet on rising or falling prices.

Once you have selected your strategy, you can choose your position size and multiplier (leverage). On Libertex you can use a maximum leverage of 1:2. Once you have made your selection, press the ‘Buy’ button.

If you click the Buy or Sell button, Libertex will open your position for trading.

Step 4

Buying and selling Bitcoin (BTC)

Once you have opened an exchange, you can sell Bitcoin again at any time.

Especially if you have not entered a Stop Loss or a Take Profit, you should regularly check whether the trade is still in line with your strategy.

When you click on a trade position, Libertex displays the action options.

Here you can easily increase your position, open or close another position.

How some exchanges are cheating investors by embezzling bitcoins

---

Our testers (Libertex and eToro) are winners in the market. In fact, they use a very transparent model, funding themselves with the difference between the buy and sell price (spread). They do not charge transaction fees. The situation is different for many other exchanges. Although spreads are narrower, commissions are charged on every transaction. In part, these commissions are unfortunately so high that users are simply cheated and deprived of their bitcoins.

Unwary investors may be in for unpleasant surprises on these exchanges. During our research, we also came across VirWox.

However, it soon became apparent that VirWox was not a cryptocurrency exchange, but a gaming exchange.

Apparently, the provider wanted to jump on the cryptocurrency train and started offering the possibility of buying bitcoins. Since PayPal was a possible deposit method for video games, it was also possible to buy bitcoin using PayPal on the provider’s website (with minor modifications). But be careful: if you read the small print, you will quickly discover how VirWox exploits its users.

They charge 10-15% of the investment amount for each transaction! If you buy from VeriWox for 10,000 EUR, you will receive Bitcoins worth 8,500 – 9,000 euro. This means you have to pay more than EUR 1,000 in fees for the most ordinary transaction! This is why we recommend that all our readers inform themselves in advance about their choice of bitcoin exchange. After the links on Plus500 and eToro, we have already introduced you to two professional and regulated platforms where you can invest in cryptocurrencies using PayPal. And this without a 10% commission.

PART 5

[FAQ] How to buy Bitcoin with Paypal – Frequently asked questions