buy bitcoins with paypal reddit

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Buy bitcoins with paypal reddit list of crypto currency exchanges in philadelphia

Buy bitcoins with paypal reddit

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Paxful and Localbitcoins offers that payment method. But honestly, i wouldn't recommend lbc. The chances of you getting scammed there is high, resolving a dispute will take weeks or even months cause their support doesn't respond most of the time. I can vouch for paxful. I have bought some bitcoins using paypal before. Paxful Escrow will hold the bitcoins from the seller so they can't just run away from you. If the seller does not release the bitcoin immediately after you confirm your payment, you can file a dispute during the trade so the moderator can release the bitcoins for you.

Although selling bitcoins using paypal is a different and longer story. You'll have to be a little cautious as some cheaters and scammers have been using paypal to scam btc sellers in all P2P trading platforms. My biddy wants me to get into cypto but i dont how any of it works. He's telling me to invest in Stellar. Is this a bad move or should i do it?

I wanna be able to move outta the house and make my dad proud.. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. All rights reserved. Bitcoin comments other discussions 1. Want to join? Log in or sign up in seconds. Submit link NOT about price. Submit text NOT about price. Get an ad-free experience with special benefits, and directly support Reddit.

Bitcoin join leave 2,, readers 8, users here now Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.

News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted.

No referral links in submissions. No compilations of free Bitcoin sites. Trades should usually not be advertised here. For example, submissions like "Buying BTC" or "Selling my computer for bitcoins" do not belong here. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.

Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. As such, it is more resistant to wild inflation and corrupt banks.

With Bitcoin, you can be your own bank. You can also explore the Bitcoin Wiki :. Bitcoin Core is the backbone of the Bitcoin network. Almost all Bitcoin wallets rely on Bitcoin Core in one way or another. If you have a fairly powerful computer that is almost always online, you can help the network by running Bitcoin Core.

You can also use Bitcoin Core as a very secure Bitcoin wallet. Check out his other work here. We previously collected donations to fund Bitcoin advertising efforts, but we no longer accept donations. The funds already donated will be spent on some sort of advertising, as intended. As of now, If you have ideas for the remaining BTC, see here for more info. Easiest cheapest way to buy btc with PayPal self.

There isn't any easy or cheap way using Paypal since there is a considerable amount of risk for sellers who accept it. That said, check out the following options:. Not sure what you mean, there's extra cost to do an exchange since no one is gonna go through all that hassle for free.

Yep, that's kind of the way it is, there's a premium on non-reversible money over ones that are reversible. You can price compare all the places where you can buy bitcoins with PayPal on BittyBot , just enter "paypal" in the search bar to filter results. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. All rights reserved. Bitcoin comments other discussions 1. Want to join? Log in or sign up in seconds. Submit link NOT about price.

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You will then have to answer a few questions about your financial circumstances, including your income, reasons for trading. After that, you will have to answer a few more questions about your trading experience and knowledge. It is there that you will be able to select PayPal as a payment method. There you will find your trading space. If you scroll down you will find the option of trading cryptocurrencies. It really is as simple as that. Visit Plus You should consider whether you can afford to take the risk of losing your money.

Local bitcoins is a P2P website that sets up a marketplace for users to buy and sell their Bitcoins. LocalBitcoins is like an eBay for cryptocurrencies. You will find users buying and selling cryptocurrency, and some of these users might just as well take PayPal as a payment method. Once all the details have been agreed to, you proceed on to buy bitcoins with PayPal. LocalBitcoins is sought after by many users, as the cryptocurrency there are rather cheaper than the ones bought from other exchanges.

Visit LocalBitcoins. To create an account, you need to first go on their homepage and fill out your details like name, last name, phone number and email. Once you confirm those details, you will receive a confirmation email to activate your account. Now the next step is to locate the users that are willing to let you buy btc with PayPal. You can filter searches on LocalBitcoins to match that. Once both parties have accepted and released funds, you will be able to receive the bitcoins bought with PayPal.

Coinbase is one of the oldest and most trustworthy exchanges in crypto history. Coinbase is actually sought after for its wallet feature. They allow their users to create an account and a wallet without needing to perform a KYC process. You only need to identity yourself if you want to buy cryptocurrencies via Coinbase. Visit Coinbase.

On this page, enter your PayPal credentials, and select yes to any proper terms or requirements that are necessary. Currently, as of writing, you cannot deposit or purchase Bitcoin using PayPal, only withdraw fiat after the Bitcoin has been sold to regulated currency. Coinbase used to allow their users to buy and sell Bitcoin with PayPal on their platform, but along the years that feature has been on and off. Recently, Coinbase has updated their method for selling cryptocurrency and sending payments via PayPal to their users.

Although Coinbase has millions of users in their database, and many positive aspects, they have a few negative points that should be something to consider. BitPanda is an exchange that sells Bitcoin and other cryptocurrencies. It was founded in , and its initial name was Coinimal. Although Bitpanda sells cryptocurrencies in several countries, its origin is from Vienna, Austria. As a matter of fact, Bitpanda works together with the Austrian authorities to prevent any fraud and money laundering attempts.

They offer on their platform not only Bitcoin, but the majority of the coins available on the market. Visit Bitpanda. They have in their platform over 1,, users and Bitcoin account created. VirWox is an online payment provider and forex exchange, that was made famous for allowing their users to exchange money for a virtual currency SLL Second Life Linden Dollars that is used in the virtual game Second Life.

If you think about that, this was actually one of the first original crypto currencies. Visit VirWox. Virwox issued a Proof of Purchase to whoever bought bitcoins, thus preventing any chargeback on the user end. Buying bitcoins with PayPal on VirWox was actually one of the only reasons why they had such a high volume of bitcoin sales, as their commission fees are higher than the average exchange.

Another negative aspect is that their KYC method is taking much longer now, and new users should get their accounts approved within 48 hours. Wirex is a company that is similar to PayPal and VirWox in a sense. This company is also a payment provider, and what Wirex does is let their users buy Bitcoin with a credit card or debit cards virtual and physical.

Once you create an account with Wirex, you can use both the Virtual and Physical cards to buy bitcoins on their platform, so just select the one that is more convenient for you. Visit Wirex. The next step is funding your Wirex account, which you can do by several payment methods, including PayPal. Paxful is a marketplace for buying and selling bitcoins. At core, Paxful is a platform that offers the service of Bitcoin Wallets , as well as payment system.

They offer many ways to buy bitcoins, including buying Bitcoins with PayPal. Their website is one of the most friendly websites available for buying and selling bitcoins. They are not an exchange, but rather are a brokerage firm that earns its profit on the commissions made from trades by their users.

Visit Paxful. You can choose between the option to buy or sell Bitcoins on the main page. Once the results load, you will see that you can scroll between the different options on the left hand side. The prices sometimes are unfathomable and just much higher than the normal. You can only buy a fraction, and raising the overall price, raises the price of the fraction.

You are, however, limited to a trade or purchase limit. You can buy and store real bitcoins on the eToro platform, or trade them using leverage. Although they are a P2P platform, you will find that the offer for people selling Bitcoin with PayPal is really high. Remember though, before buying Bitcoin with PayPal on LocalBitcoins, make sure the seller is legit and trustworthy. Apply as much account verification, preferably maximum, as possible prior to trying to make purchases.

The reasoning for doing this sooner rather than later is because not all exchanges and crypto providers that allow for PayPal integration have the exact same regulatory process. Therefore, you could find yourself continuously entering the same repetitive information over and over when after the whole time you could have taken a bit of time prior, filled out all parameters, and went from there.

Always check for phishing links. PayPal phishing links are not uncommon at all. Phishing links are fake pages that replicate real PayPal logins and popup asking you for your login tricking the user into thinking they are a verified processor. After entering the details, the window dissolves, and the phishing link takes the login information for the PayPal. Research as much as possible. Do your due diligence as well.

Lower-tier and lesser-known sites are more likely to be scams. Understanding the core differences and similarities between PayPal and Bitcoin are quintessential in extracting their absolute usability. Theoretically, Bitcoin enables faster transactions, settlement, and confirmation speeds at fractions of the cost that PayPal enables them, however, this is because PayPal accommodates to fiat currencies, the currently most liquid form of payment available.

That is their tradeoff and the subsequent argument that arises. A KYC, or Know your Customer procedure, is used by banks and payment providers to prevent money laundering and fraudulent activity. Most serious exchanges and platforms that sell cryptocurrency requires that their users submit their documents for a KYC procedure. With PayPal, you have to do that anyways if you want to start sending and receiving payments. PayPal takes care of all the transaction for you. Another good quality of PayPal is that nearly every transaction, upon verified with your bank or institution, is made instantly.

The same goes for receiving payments with PayPal. These exchanges rely on the Distributed Ledger Technology , which makes them decentralised. Most legit exchanges support PayPal as a payment method due to the agility in processing payments from their users and investors. To keep it Short and sweet, the answer to this question above is decentralisation.

Bitcoin is a decentralised currency, that registers its transactions on a distributed ledger called blockchain. PayPal, on the other hand, is a centralised and well known payment method, affiliated with centralised financial institutions.

Basically, PayPal has no problem in sharing your information with Banks and other financial institutions, whereas with Bitcoin all of that is done anonymously. However, you have to use a cryptocurrency exchange that supports PayPal in order to connect it and buy Bitcoin. You cannot sell Bitcoin directly to PayPal, however, you can sell Bitcoin to third party exchanges that enable PayPal integration. Author: John Ladeluca. He's a blockchain developer, quant, and consultant that specializes in the digital asset sector.

He is an authority on blockchain and has written for a number of publications including Forbes. Thank you for this review. I was wondering, is PayPal centralised or decentralised? Hello Elena. Thank you for your question. While Bitcoin is a perfect example of a decentralised currency, PayPal is a centralised system. The difference is that PayPal is affiliated with centralised financial institutions and it shares information with banks and other regulated institutions.

With decentralised systems like the ones used by cryptocurrencies, everything can be dealt with anonymously and can thus be more dangerous. Hello Olly. Thank you for getting in touch. There are quite a few things to look at to help you decide whether a PayPal exchange is reliable. The first thing is of course whether or not PayPal is available as a payment method.

That will help you exclude quite a few cryptocurrency exchanges because PayPal is not available on many of them at the moment. We also suggest looking for well-reputed exchanges, with user-friendly interfaces, a sufficient asset variety and low fees. I hope that helps. Good luck! I have never heard about phishing links. What are they, and what do they have to do with buying Bitcoin with Paypal? Hello Juliette. We recommend to always look out for phishing links.

They are basically fake pages that copy actual PayPal login portals making users think that they have to type in their PayPal credentials in order to proceed. The purpose of that is for scammers to get your PayPal login details and potentially steal your funds. That is why we recommend to always look for Google Chrome warnings on whether the web page is secure or not, it might save you from sharing your bank details with thieves.

Hello, I was thinking about signing up on LocalBitcoins. Do you think that is a good idea? Hello Anders. We always recommend investing amounts that you can afford to lose because of the risks associated with online trading. Other than LocalBitcoins you can also have a look at Paxful, it requires a much lower minimum deposit. We do believe that eToro is a more valid option though, so if you get the chance to wait a bit longer to save up some more to be able to afford a higher deposit we would definitely recommend doing that.

Hello Peter. You can definitely sign up on Paxful even though PayPal is not a payment option. However, please keep in mind that an exchange loses in terms of security if portals like PayPal are not available, because it forces you to share your bank details with third parties. Well, the VirWoX platform also allows people to trade Bitcoin too! And guess what? It also accepts PayPal!

When you first sign up you will also have to wait 2 days before you can make your first purchase! Once a further 10 days have passed, this increases to Euros. The team does not make it clear what you need to do to get it up to Euros, but I think they will probably want you to verify your identity by uploading some ID. When you make your initial deposit, you will need to pay a 3. Depending on the exchange rate that the other sellers ask for, this could start to add up quite significantly.

Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look! Find out the latest Litecoin price predictions! What is blockchain: learn all you need to know about blockchain technology in one place - fully understand what is blockchain and how it works.

The fees are also cheaper and there are fewer steps involved. Now that you have set up your Binance account and copied your deposit address, you now need to go back to your LocalBitcoins account! Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine.

Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit. How frustrating! We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. That said, many users believe that Coinbase is one of the simpler exchanges on the current market.

The exchange platform i. Binance acts as a middleman - it connects you your offer or request with that other person the seller or the buyer. When considering cryptocurrency exchange rankings, though, both of these types of businesses exchanges and brokerages are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity. No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States i.

Coinbase or Kraken , there are other very well-known industry leaders that are located all over the world. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform. By Laura M. All the content on BitDegree. The real context behind every covered topic must always be revealed to the reader.

Feel free to contact us if you believe that content is outdated, incomplete, or questionable. Aaron S. Table of Contents 1. Where can you buy Litecoin with PayPal? LocalBitcoins 2.