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How To Buy Bitcoins With Paypal Instantly (2020)
In this article, I will tell you how to buy bitcoins with Paypal instantly. Some of us on our journey for buying our first bitcoin, we look at the funding source from which we want to pay for it. In some cases it may be your bank account, in others it could be with a debit or credit card, but what if you have some funds sitting in Paypal and you would like to use that as a payment method directly?
hLuckily, this can be done and some methods are more legitimate than others. I am going to include the best ways (in order) to do complete this process, but keep in mind that Paypal will include additional fees to buy bitcoin that can range from 10-20% more than the actual price you agree to, as Paypal is factoring in the risk of a charge back into the purchase price. Let’s begin!
#1 BUY BITCOIN ON ETORO VIA PAYPAL
Step 1 – Open Your Account
– Visit the eToro homepage- Click the ‘Join Now’ button- Fill out the sign-up page, accepting the terms and conditions and privacy policy before clicking ‘Create Account’
Step 2 – Deposit Funds with Paypal
– Log in to your eToro account- Click on the ‘Deposit Funds’ button- Submit the amount you wish to deposit and select your currency- Select your deposit method – in this case, PayPal- You’ll then be redirected to the PayPal website- Log in to your PayPal account- Review your transaction details- Verify the details and complete the transaction by clicking ‘Pay’
Step 3 – Buy Bitcoin!
- Visit the BTC markets page on eToro
- Click the blue ‘Trade’ button in the top right-hand corner
- Alternatively, you can click ‘Buy’ next to Bitcoin if you have added it to your Watchlist
- Enter the amount of Bitcoin you wish to buy in fiat currency
- Set stop losses and ‘take profit’ parameters- Click ‘Open Trade’
#2 BUY BITCOIN ON COINBASE VIA PAYPAL
*Disclaimer: Using the e-wallet via Coinbase (web or iOS) requires you to be a U.S. investor. If you are not an American, you can still link your Paypal account to Coinbase, but you can’t physically buy Bitcoin, Litecoin, or Ethereum. In order to use PayPal for non-US customers is to swap your Bitcoin for a fiat currency and transfer this back to your Paypal account.*
- Visit the Coinbase homepage
- Click on the ‘Sign Up’ button in the top right-hand corner
- Complete the sign-up form and hit the ‘Create Account’ button
- Activate your Coinbase account by clicking on the confirmation link in your sign-up email
Step 2- Deposit Funds with Paypal
- Log in to your Coinbase account
- Click the ‘Settings’ tab on the left-hand side
- Click ‘Add a Payment Method’
- Click ‘PayPal Account’ and verify your PayPal account using the on-screen prompts
Step 3 – Buy Bitcoin!
- Log in to your Coinbase account
- On the Dashboard, click the ‘Buy/Sell’ button at the top of the page
- On the Buy/Sell window, click the Bitcoin button
- Choose your preferred payment method e.g. PayPal
- Specify the amount of Bitcoin you want in your fiat currency
- Hit ‘Buy Bitcoin Instantly’
#3 BUY BITCOIN IN PERSON VIA PAYPAL (LOCAL BITCOINS)
Step 1 – Sign Up (If you haven’t already)
Click this link for a direct way to do this! – SIGN UP
Step 2 – Filter for Paypal
Paypal Tips:
- High feedback scores are important. The closer to 100 percent, the better.
- Look at the number of trades and trade volume. Again, the higher, the better.
- Consider the trade limits to be sure the seller can fill your order.
- Look at the payment window to see how long you have to complete the transaction.
- Read any terms the seller might have. In some cases, the seller will also require a minimum reputation score for the buyer. If this is the case, you’ll have to make some small purchases to increase your reputation if you want to use that specific seller.
Step 3 – Confirm Transaction
This is documented in case of a dispute, but as long as you follow the tips above, that is unlikely. You can also negotiate to meet in person to initiate this process, if needed.
CONCLUSION
There are still other options to buy bitcoin with Paypal online, but those other options I have not personally used or tested and therefore, I cannot speak to how legitimate the entire process is. For your reference if you want to see what some other options are, I will link them below for you to take a look. Well, there you have it. Three tried and true ways to buy bitcoin online with Paypal and usually goes pretty quickly. This is a good option if you have funds sitting in Paypal and want to convert it into the far more valuable currency of the future.
NOTE: The other sites I will list below will allow other options for credit cards and other payment methods as well.
If you found this helpful or you have any other suggestions on other sources to obtain bitcoin securely and easily, please comment below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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The [#1] EASIEST Way To BUY BITCOIN RIGHT NOW (2020)
In this article I am going to provide you with the easiest way to buy bitcoin and also one way I personally earn free bitcoin by doing something I was already doing. This is a game changer! Within the last 24 hours, the Treasury Secretary of the United States, Steve Mnuchin, has made an announcement on regulating cryptocurrency and mentioned Bitcoin and Libra specifically. The recent tweet that was sent out by president Trump has been a bullish sign for many people. Not because he said it was “based on thin air” but, because no standing president has ever mentioned “bitcoin” or “cryptocurrency” at all, ever.
This is bringing more mainstream awareness and people who are uneducated may take that as a sign that they should stay away from it, because Trump said so. Most people however, are taking this as a sign that they should buy some bitcoin, just in case.
No matter where you stand, the big question many people ask that are completely new to cryptocurrencies is “What Is The Easiest Way To Buy Bitcoin?“. Luckily for you, I am an expert in this field and I will provide you the TWO easiest, fastest, and simplest ways to obtain your first bitcoin or fraction of a bitcoin. As an added bonus, I will provide you at the end of the article with a free tool that will allow you to EARN FREE BITCOIN, by doing something you are already doing every single day. This is a “YUUUUGGGGEEE” (as Trump would say) bonus, as there are very few legitimate ways to obtain bitcoin for free.
Let’s get right to it!
#1 Cash App
This is a free app (you may have already heard of) that is similar to Venmo. It’s designed for sending and receiving money easily between users and can connect your debit card, credit card, or bank account to facilitate these transactions. It’s super easy to use and I use it to pay people for splitting dinner tabs and splitting costs on various things and works flawlessly. Unlike Venmo, they have also setup a way to buy bitcoin directly through the app, and you can even set up a purchasing schedule if you so choose, but this is BY FAR the easiest way to buy it once you set up the app.
The steps are extremely easy to do this:
1.) Download the Cash App HERE. When you use this link, we both get $5 for free. Pretty Neat.
2.) Create your account and add either your debit card, credit card, or link your bank details if you’re so inclined.
3.) Click the Profile Icon in the upper left hand corner and scroll down and click on “Bitcoin”
4.) Click “Buy” (you can also sell at any time you want as well)
5.) Type in the dollar amount you want to buy and click “Confirm”
6.) You’re done! Your bitcoin will show up in your account within a few minutes. So simple.
How To Buy Bitcoin With Credit Card
#2 CoinMama
This is a tried and true method I’ve used to buy bitcoin for both personal reasons and business reasons, with great success. This is one of the highest rated companies that you can buy bitcoin with a debit card or credit card with no limit. Now, in order to use a credit card there are some additional fees (not unlike Coinbase), but it will process and give you access to your coins in less than an hour instead of days. This is a good method if you want to buy them quickly and easily and do not want to use cash app or any other services.
This is the most trusted provider and the reviews are excellent. When I was originally looking for how to buy my first bitcoin, this was one of several options that came up, and back then, there were not many “trusted” options as there was many companies that did not have a good track record or many positive reviews, except this one.
This ultimately led me to use this service and not only was it quick and efficient, it was delivered within 20 minutes, and Coinbase was the only other option in the U.S. at the time and quoted a 10-day “verification” period just to activate an account. This didn’t even include the amount of time to let me buy my bitcoin, which would take another 3-7 business days. Not acceptable in my eyes.
If you want an easy and TRUSTED way to buy bitcoin with credit or debit card, then Coinmama is the way to go!
#3 Paxful
This is another service that is VERY interesting and is unlike CoinMama above in a few different ways. Although Paxful is a pretty well-known way you can purchase bitcoin with a credit card, the reason I am giving it a mention here is because of the other ways and payment methods you can use to obtain bitcoin (or other altcoins if you want). With Paxful, you can trade gift cards (Visa, Wal-Mart, Amazon, eBay, and Starbucks) just to name a few.
Additionally, you can also use Zelle (a money changing app similar to Venmo and other direct payment services that many banks use), SWIFT, MoneyGram, Alipay, WeChat Pay, and hundreds of other gift cards as well. It’s also worth mentioning that you can directy trade other altcoins in for bitcoin and vice-versa. So not only is it a fiat-to-crypto exchange, bult it can also be used as a crypto-to-crypto direct exchange (not unlike ShapeShift).
All this to say, it’s now become easier and easier with these services to BUY BITCOIN. Whether you trade you existing gift cards, other altcoins, or even CASH, it’s not easier than ever to get your hands on bitcoin. When I first tested this service, I received a $100 Amazon gift card for Christmas and I didn’t really want to use it for anything, so when I discovered I could trade it in for $100 worth of bitcoin, I was pretty excited to say the least. I will leave a list of all the hundreds of gift cards you can use to trade for crypto HERE.
I will have an in-depth review out for Paxful shortly. Stay Tuned!
Easiest Way To Buy Bitcoin – Conclusion
Overall, there are multiple ways to buy bitcoin (some easier than others) but the two main methods I’ve listed above are BY FAR the quickest and easiest ways to get it fast. The price is always fluctuating, so some people may be hesitant to buy right now in fear that it could go down in the future. Here’s the deal. In the grand scheme of things, hind-sight is 20/20 and over the next 3-5 years, I can almost guarantee that the price will be higher than the point is at right now, which is approx. $10,900 at the time of the writing.
This is one of the most important and unique inventions since the internet itself and will continue to bring forth different use cases and provide value to every single person on the planet. This is part of a much larger revolution where the people are now going to take back their financial power from the government and authorities, and there is NOTHING they can do to stop it.
That is powerful.
Bottom line, if you don’t currently have any bitcoin, you can start accumulating it in small amounts (as low as $10) at a time and it will start to grow very easily. You will be glad you did it when you look back, even in 6 months to a year from now. Mark my words!
What do you think? Are there easier ways to buy bitcoin right now? Let me know in the comments!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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Nordstrom And Whole Foods To Accept Cryptocurrency Payments Directly
Nordstrom
Nordstrom and Whole Foods to accept cryptocurrency payments directly. It has come. The first big announcement coming from Consensus this week in New York, and it’s a big one. One of the newest payment processors called Flexa has launched and is partnered with Gemini, which is a large bitcoin exchange based out of New York and is underpinned by it’s own ERC-20 token called Flexacoin.
How does it work? You pay for your items using Flexa’s app, Spedn, which generates a QR code that you scan at the checkout register. The merchant receives immediate payment in dollars, and the equivalent amount of cryptocurrency is debited from your cryptocurrency wallet in the Spedn app.
Whole Foods, which is owned by the e-commerce behemoth, is now accepting bitcoin as a payment method. The mind-blowing development was made possible thanks to a deal between payments startup Flexa and Gemini, the latter of which is the crypto exchange launched by Tyler and Cameron Winklevoss.
Users only need to download an app dubbed Spedn and can make everyday purchases using cryptocurrencies including bitcoin, ether, Bitcoin Cash, and Gemini Dollar (GUSD). Considering that GUSD is the stablecoin of the Winklevoss’ Gemini exchange, it’s not surprising that it’s being supported as well. GUSD should will introduce some stability into crypto payments given its peg to the U.S. dollar and the volatile nature of the bitcoin price. As crypto investors have come to expect, there are no hidden fees or markups, so consumers will be incentivized to use the app.
Everyone knows that Nordstrom and Whole Foods customers are already “being green” given that the grocery no longer uses plastic bags. Wait till shoppers outside of the crypto community learn about bitcoin.
AMAZON’S MARKETPLACE COULD BE NEXT
Earlier this week, it was rumored that Amazon’s competitor eBay would stop using paypal and start accepting crypto payment directly on the site, and will facilitate payouts to sellers via that method as well. This is a key move as this is a large eCommerce retailer that does millions of transactions each month have found a way to implement a safer, faster, and cheaper payment system.
Tyler and Cameron Winklevoss have been mum about this secret but now that it’s out of the bag, there’s nothing stopping wide-scale adoption of bitcoin.
The Flexa/Gemini/retailer partnerships are really a reflection of the best of both worlds. The technology builds on existing payments infrastructure that’s used to accept digital payments such as Apple Pay, for instance. All the retailers must do is tweak their scanners to identify payments from the Spedn app. Customers are already familiar with tap-and-go with their mobile device, so there’s nothing new for them to do. There are no additional hoops for the cashier to jump through that might slow down the line. As for the merchant, they can either accept to take the payment in crypto or convert it into fiat money.
For the crypto ecosystem, the announcement is what everyone has been waiting for. It means that if Whole Foods can accept bitcoin and other cryptocurrencies, theoretically Amazon’s entire marketplace can integrate the infrastructure to do the same, seemingly with Flexa. In the U.S., Amazon Prime customers reportedly dole out an average of $1,300 per year on the e-commerce marketplace vs. $700 for non-members.
In addition to Whole Foods, the initiative extends to other merchants including Crate and Barrel and high-end retailer Nordstrom. The Flexa network is comprised of more than 30,000 stores and finally thrusting crypto into the spotlight for micro-purchases such as a cup of coffee, pizza, or electronics.
WHY THIS IS GOOD AND BAD
This will require people becoming aware of this change. This is amazing news, but there is always a learning curve when people start to adopt a new method of payment. People have been using only cash and credit card essentially for the last 60 years and it will take a an older generation and a newer generation to find ways to change their spending habits. That is the Bad.
Here is the good. With new innovation, comes new possibilities. Why would merchants want to start accepting crypto? First off, there are no chargebacks. It was reported that merchants can be charged upwards of $300 per chargeback when accepting credit cards. With cryptocurrency, the charges are irreversible. That’s not to say that you will not be dealing with customer service and/or returns in your business, but this is a HUGE advantage for no longer having to deal with credit card disputes.
Additionally, the fees to accept credit cards are typically anywhere from 2-5% per transaction, plus a $0.39 cent fee each time you accept a credit card. That’s absurd. As more and more awareness of this alternative, mixed with consumer confidence and adoption of spending cryptocurrencies on a consistent basis, the credit card companies and banks will hopefully soon be a thing of the past. Soon, it will almost be as antiquated as paying with a check.
THERE IS STILL A BETTER ALTERNATIVE TO THIS!
What if you could EARN cryptocurrency by shopping at these stores already? You can. I recently wrote an article on the new Life Info App that allows you to connect your bank account or credit card and use a shopping app that essentially allows you to create an instant electronic gift card, and save anywhere from 2-10% off on any purchase you make at thousands of retailers (including Nordstrom and Whole Foods).
How does this work? When you download the free app, you can use online or in person purchases on thousands of stores and brands and save on each purchase. The money that you save on each transaction is accumulated in the wallet and can be converted directly into Bitcoin! You can also convert it into several other altcoins that are supported by Coinbase as that is how you convert your savings directly.
This is a GREAT way to dip your toe into the cryptocurrency world, WHILE saving money at these stores you are already spending money at anyways, you may as well get free Bitcoin to do so.
If you refer to my review link I mentioned above, there are some demo videos that explain the entire process and it’s super easy to use. To me, this is a great bridge to get people familiar with the process. Additionally, you can then send your newly acquired bitcoin to the Spedn app, if you so choose. Please use my link here to get your free download and check it out.
***GET YOUR FREE LIFE INFO APP DOWNLOAD HERE***
Conclusion
All in all, this is very positive news for the cryptocurrency world, and this is a large first step in bringing the utility of cryptocurrency into the real world and offering people a BETTER alternative to our failed legacy financial system. Any tool that helps people transition from the inflationary dollar to the sound hard money of bitcoin, is something I support. The easier it becomes and the lower the barrier to entry is, we will begin to see MASSIVE droves of people start to transition from fiat to crypto.
What do you think? Is there a better way for us to start gaining mass adoption and utility for crypto payments? Let me know in the comments below!
Cheers,
The Crypto Renegade
NOTE: This post may contain affiliate links. This adds no cost to you but it helps me focus on giving as much value as possible in every single post by being compensated for recommending products that help people succeed.
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