Do you want to try a new modern investment in the long term investment bitcoin? Before you decided to buy bitcoin, it will be better if you read about the bitcoin guide. This kind of investment will allow you to get a high demand but also high risk. But did you know how to buy bitcoin with PayPal can be easier than another way?
It is not the era where you put all of your money in your pocket without doing anything with that. It will be much better when you can invest it and get more money. In early 2020, Virwox suddenly shutting down the PayPal deposit for bitcoin and it makes people confused. But you don’t need to be worried because there are still available two ways how to buy bitcoin with PayPal. Here we go!
Buy Bitcoin with Paypal Through eToro
if you searching for the easiest way to buy bitcoin with PayPal, then you should try this way. The first thing you should do is visit the eToro website and then create an account there. However, this website will not let you draw your bitcoin or send it to someone else outside there. You can only buy bitcoin and trade it into the right currency like dollars or euros.
I don’t understand why but this website will give you to speculate Bitcoin’s price rather than the actual one. If you want to store your wealth on bitcoin, then this website is a bad way to go. This way matches with you who just seek for the profit and did not need about the actual bitcoins. You can easily buy bitcoin and then trade it into real currency when the price is in a higher position.
Buy Bitcoin with Paypal through LocalBitcoins
Another way you can do if you want to buy bitcoins with PayPal is using one trusted application, LocalBitcoins. This application is different from the eToro because this place is where the trader meets with the buyer. In other words, this application is just like the online market only for bitcoin. Above all, make sure you put attention to every seller because they can be cheated on you. In this place, you can sell or buy bitcoin faster than somewhere else because you meet the seller directly.
The advantages of using this way are you can meet many sellers from all around the world. But you should be smart to get more profit from them and negotiate well. If you put off your guard in a little time, you can easily lose all your money. Besides, this application also gives the seller some premium charge so it will get less profit. If you are a newbie in the bitcoin world, it will be better if you did not use this way. Be careful while choosing the right seller!.
So these are two different ways on how to buy bitcoin with PayPal that still available. Bitcoin can be the right event to get more profit if you did not want to do other efforts. The upside and down of the currency will also influence the bitcoin’s price. That’s why you should put attention to the currency to avoid loss.