You can use various modes of payments to buy the Bitcoin or any other cryptocurrency online. From net banking to debit card or credit card you can use multiple modes of payments depending on the availability in your country.
And now world most well-known payment gateway, PayPal can be also used to make payments while purchasing the Bitcoin or any other cryptocurrency. In April 2021, PayPal allowed to purchase the cryptocurrencies like Bitcoin, Ethereum or Ripple and other assets in the wallet.
However, if you are looking to use PayPal for cryptocurrency payments, you need to sign up on a crypto exchange portal, enable your wallet, and also check the lengthy process. Though, it wasn’t the most complicated procedure, it was surely not as easy as how it is on the PayPal platform.
Steps Buy Bitcoin Using Paypal:
Step 1: First of Log in or create your PayPal account
If you already have the account on PayPal you just need to do is log in with your account details. After logging in, navigate to the “Crypto” section on the dashboard. If you don’t have a PayPal account, create a new account and follow the same.
Step 2: Choose Bitcoin from the Cryptocurrency list
Once you enter the cryptocurrency section of PayPal, along with Bitcoin you will see the list of other cryptocurrencies. But right here we are talking about Bitcoin, so select this one.
Step 3: Check the Prices & Analyze
Once you entered this section you can check the various details of Bitcoin like current trading prices, history ranging from 24 hours to 1 week and 1 month. You can use these details to analyze the patterns and right price to buy the Bitcoin.
Step 4: Assign your Budget & Buy
After selecting the Bitcoin, you can see the price history ranging from 24 hours to 1 week and 1 month. While analyzing the growth pattern you can click buy and you will see default $20, $50, $100, or $500 worth bitcoin options. If these amounts is not as per your budget, you can enter a custom amount.
Step 5: Select Payment Methods
Finally once, you have selected the cryptocurrency and assigned the right amount you can just click on buy and make the final payments that also includes fees or charges. Here, you can choose the PayPal method to make the payment.
If you already PayPal account, you can go ahead with your existing payment method. If you are buying Bitcoins with a new account, keep in mind that your payment method can be either a debit card or bank account. Currently, PayPal does not accept credit cards or crypto transactions.
Also Read: How To Fix Unconfirmed Bitcoin Transaction Error?
Once a payment method is selected, you will see a review page with the exchange rate, the total cost of your purchase, transaction fees, etc. After you review your purchase, you are ready to make your Bitcoin purchase by clicking on “Buy Now”.
As per the latest update by PayPal, you can only hold the cryptocurrencies purchased on PayPal on the platform itself. PayPal not allow users to withdraw assets to another crypto wallet. The Bitcoins you buy cannot be transferred to another platform.
Call Bitcoin Customer Support Number for Online Help
However, meanwhile buying the Bitcoin if you face any kind of problem you can take help from cryptocurrency experts. For Bitcoin purchase related issues, you can call at Bitcoin customer support number and get online assistance to help you in solving such issues. If you have the verified PayPal account you can easily make the payments but still you face any issue just call for the instant online help.