Bitcoin has become the new buzzword these days, and as its value rises, so does people’s interest in the cryptocurrency that has a volatile past but a promising future. The stellar performance of Bitcoin lately has been enough to attract many experienced as well as novice investors, who are constantly looking for new and more efficient ways of investing in Bitcoin and other cryptocurrencies.
If you’ve been wondering about how to buy cryptocurrencies, and more specifically, Bitcoin lately, then you are at the right place. Here we are going to take a quick look at how investors can buy Bitcoin by using their PayPal account and how you can transfer your Bitcoin holdings back after a purchase on PayPal. While the PayPal crypto service is only available for residents living in the US for now, it could catch on, which is why everybody needs to know about how they can buy Bitcoin with PayPal regardless of their physical location.
Using PayPal to Buy, Sell or Hold Bitcoin
Benefits of Buying Bitcoin with PayPal
There are many reasons why using PayPal to purchase Bitcoin makes sense, one of which is the platform’s robust security features. It is true that the high level of security that the PayPal platform has to offer ensures that your Bitcoin investment and transactions stay safe. Furthermore, whenever you fund the Bitcoin exchange or brokerage account via PayPal, there is no need to enter any of your personal details; just link the PayPal account to the Bitcoin broker or exchange and make a deposit. The ability to make deposits without giving away your personal details alone ensures that Bitcoin investors can stay safe from cyber criminals. PayPal also tracks each transaction that provides an extra layer of security against fraud and hackers.
Ease of Use
No Need for a Credit Card on Hand
Managing your investments online is hard enough as it is with regular banking platforms requiring users to fill multiple forms and jump through hoops. But, when it comes to buying Bitcoin via PayPal, the process is a lot more doable, secure, and a lot faster. In short, both experienced and new Bitcoin investors can buy Bitcoin on the fly and make deposits to their Bitcoin exchange hassle-free.
According to reports, digital payments will be used by nearly 61 billion people by the year 2023, so it pays to hook up with a payment platform such as PayPal that’s reliable and secure.
Finally, PayPal customer support is second to none, so you can rest assured all of your queries will be handled with care. If you’re keen to try bitcon, check the bitcoin prime trading bot.