Are you wondering how to exchange bitcoin for PayPal and sell Bitcoin and get paid via PayPal? If the answer is yes, then it isn't very much complicated, but may require a while. PayPal has always been a popular choice of crypto traders to send and receive funds. Today, we need fiat currencies on many occasions as not all merchants accept Bitcoin for goods. You need to pay utility bills, get a cup of coffee, or even throw a party for your friends, it always needs to be paid in some local currency like USD.
Luckily, there are a few online platforms where people can withdraw Bitcoin and choose PayPal as a payment method. However, for many people, it is still a problem to find the most reliable place to trade cryptocurrencies. Some of them aren't much trustworthy whereas others incur too high fees. It is also important to note that not many famous websites render services to allow the transaction of Bitcoin through PayPal because of many reasons.
Bitcoin And PayPal History
Bitcoin is probably the most popular cryptocurrency. It was created in the year 2009 and since then, its value is skyrocketing all the while. Bitcoin became popular because people can buy, sell or store them and earn extra money. It is decentralized and the international transfer of payments is significantly easy. There’s no need for a bank or intermediary to make transactions possible, hence trading fees are very low. Also, merchants have started accepting it as a normal currency.
On the other hand, PayPal is one of the most used online payment services around the world. It offers payment services for both personal consumers and businesses. You need an email ID to get started and must link a credit card, debit card, or bank account to complete the setup. Both BTC and PayPal are famous and seem like they're made for each other. But the reality is that you can't directly buy and sell Bitcoin with PayPal and requires an intermediary platform.
There have been rumors that PayPal would allow direct trading of cryptocurrencies, but the company didn't come up with any such decision. However, at the end of 2020, it started providing services to pay for cryptocurrency directly from the PayPal account for US citizens. Although some might say that using PayPal is the best and safest way to withdraw funds, it is by far not the easiest one. You'll need a PayPal account linked to your bank account and an account on a platform in order to turn BTC to cash.
Bitcoin to PayPal Instant Exchange Without Risk
Bitcoin and PayPal are very popular and not many online crypto exchanges offer bitcoin to PayPal instant exchange services. Therefore, many websites pretend to render such services and rip off people's money. Many online platforms are only scams and newbies are more prone to fall prey to these fraudulent services. Hundreds of cases are reported where hackers stole all crypto coins. You not only lose your funds but also important personal and financial information. Therefore, one needs to be very careful while selecting a platform.
Why Not Many Exchanges Support PayPal
Nowadays, PayPal has become a popular choice to withdraw Bitcoin. However, it is still difficult to spot credible platforms. This is mainly because of chargeback. Besides, PayPal fees can considerably increase transaction costs. If the exchange doesn't support your local currency then conversion fees would also apply. PayPal charges a fee of 5% above the exchange rate. Also, customers are protected with complicated PayPal insurance and other rules. These are some of the reasons why many online exchanges don't support it.
Why Should You Trade Bitcoin With PayPal?
There is no best way to trade Bitcoin. Different people have different requirements depending on their priorities. PayPal is a trusted payment network worldwide that offers some of the convenience of a credit card. There are many reasons you should convert Bitcoin to PayPal USD. The security feature is second to none, and transactions are encrypted. PayPal is a very straightforward payment method.
How Bitcoin to PayPal Instant Exchange Done?
There are different methods to convert Bitcoin to fiat and collect cash into a PayPal account. Online exchanges are the easiest way to do so. They allow you to buy, sell, and hold cryptocurrency. But you need to consider many things before choosing a service. It should support PayPal as a payment method and the local currency that you want to get paid.
There are thousands of online exchanges that exist today. Every exchange has its own advantages and disadvantages. It is possible to do anonymous trade with some, whereas some are centralized. But the core idea is to choose a legit website in order to withdraw BTC to PayPal without any inconvenience. Primarily, you can opt for either an online broker or a peer-to-peer to cash out BTC to PayPal.
Cashout Bitcoin Through Online Exchanges
Crypto exchanges are websites where traders can buy and sell bitcoins using different fiat currencies. It acts as an intermediary between buyers and sellers providing all required tools to complete a cryptocurrency transaction. Online exchanges are so far the most convenient way to exchange Bitcoin to local currency. They provide different crypto and fiat currency pairs. Users can choose to be paid with a wide range of payment methods such as PayPal, Western Union, direct bank deposit, etc. In most cases, a transaction takes between 5 and 50 minutes to complete depending upon the type of method and location. However, it may take about 1-10 days for the money to reach your account.
Some websites like btc-to-usd-converter.com give instant payouts and provide a super easy method to turn BTC to PayPal USD etc. It works in a pretty simple way, you deposit bitcoins into the exchange, and then, once it receives your Bitcoin, you can request a fiat currency withdrawal. The method is instant and you can transfer funds to your PayPal account for later purchases. On top of that, it can be free of cost and without any lengthy registration process. The other advantage is that it overcomes certain risks associated with a P2P transaction.
Bitcoin to PayPal Instant Exchange Through P2P
A peer-to-peer transaction means that you meet the buyer in person and sell Bitcoin. There are dozens of websites that provide such services. It allows individuals to send and receive payments without the involvement of a central authority. It is decentralized and two people can interact with each other. Seller places a sale order with certain pricing and conditions whereas the buyers finalize the deal. The great thing about it is that the escrow service thwarts any possible scam. It simply means that when you sell Bitcoin, it is kept locked until you receive payment confirmation.
It is also possible to get payments of Bitcoin to PayPal. When selling Bitcoin, you can decide which payment method you want the buyers to choose. It is considered a more anonymous & less time-consuming approach. However, you should always ask them for proof of ID before releasing your Bitcoins to them. You can also meet in person and sell Bitcoin to someone by meeting him.
There are certain risks associated with the P2P systems like:
- Lack of security
- Vague information
- Simply go to our site btc-to-usd-converter.com
- Click on the order now button on the top of the header
- Then You can head over to the homepage of our main site
- The calculator shows the latest Bitcoin price in your local currency
- Select the amount of Bitcoin you want to sell
- Choose PayPal as the payment method
- Provide requires PayPal ID
- Click on the Order Now button
- A new tab will appear on the screen with QR Code and bitcoin wallet address
- Send the amount of Bitcoin that you have mentioned earlier
- Copy the transaction details
- Check carefully all transaction details
- Finally, click on confirm to complete the exchange process
Send BTC to PayPal USD
If you have Bitcoin and want to turn them into US dollars on PayPal then it is simple to do it on btc-to-usd-converter.com. The process is pretty straightforward and instant. Whether you have bought or mined BTC, you can get them converted to USD that will be transferred to your PayPal account within a 24 hour time period. All you need to do is just enter the amount and you are done. The US dollars are transferred to the PayPal email address. It is a reliable instant Bitcoin payout service. The great thing about it is that you can choose any of your local currency and collect to a wide range of payment methods like PayPal, Credit Card, and bank transfers. The great news for people of the US is that PayPal supports crypto trading directly from their PayPal accounts.
Withdraw Bitcoin to PayPal Account
The direct transfer of Bitcoin to PayPal is not only the way. It also provides offers like credit cards and debit cards which makes it pretty convenient. It needs you to create a credit/debit account through PayPal and then use it on an online platform to buy and sell Bitcoin. The process of getting a PayPal MasterCard is not a difficult task. You can get one by placing an order at the official website of PayPal and it is sent to you through email. PayPal MasterCard can be used at any crypto exchange that supports it. However, for crypto newbies, this process is not recommended.
Buying Bitcoin With PayPal Instantly
As of now buying Bitcoin with a PayPal account is not possible for people who are not US citizens. Therefore a third-party exchange is necessary to purchase Bitcoin. It may be a convenient way for some users to use a PayPal MasterCard. For exchanges that support buying Bitcoin with a card, it is kind of a direct approach.
However, US citizens can directly buy bitcoin with PayPal. PayPal has introduced the new “Checkout with Crypto'' feature that allows users from the United States to instantly convert their Bitcoin to US dollars. It doesn't add any extra transaction fees. Please note that it doesn't allow you to send bitcoin to your own crypto wallet yet. If you want to use PayPal to buy Bitcoin from online exchanges, your options are limited as only a few sites support it. There are some crypto exchanges such as Bitconscashout.com that will let you link a PayPal account without any withdrawal limits.
Convert Bitcoin to PayPal through Our Exchange
It is one of the leading cryptocurrency exchanges that allow people to convert Bitcoin to local currency and withdraw through a wide range of methods including PayPal. You are able to choose a variety of fiat currencies. The best part is that it is a free trading platform with a customer base crossing 1 million in 2021. You are able to withdraw crypto with any of your desired payment methods like PayPal, Westen Union, etc. With other platforms, the issue is a lengthy registration process and long waiting. Using it, you can make anonymous and instant BTC transactions.
The process is simple and involves the following.
As you see, the choice is huge today and one can find a variety of ways to bitcoin to Paypal instant exchange or any other gateway. It is all up to you what is your requirement and should be decided as per your convenience. If you're giving a thought to withdraw BTC via PayPal at the best selling price, then you must head over to Bitcoinscashout.com. The platform allows you to withdraw cash directly into your PayPal account without any trading and hidden charges. You can also make anonymous transactions without revealing personal details which overcomes any possible online theft. Give it a go and turn your Bitcoin into instant cash within minutes at the best market price. If you’ve anything to say then do leave a comment.