Bitcoin is a cryptocurrency with multiple uses, which can now be used not only to pay online but also in certain stores. Likewise, to obtain it, it is even now possible with a credit card, transfer. And even, it is now possible to buy Bitcoin with PayPal. If buying Bitcoin through PayPal was once a titanic exercise, now it's easier.
This guide will explain how to buy Bitcoin with PayPal as well as the best Bitcoin brokers to do so.
How to Trade Bitcoins with PayPal
To start trading cryptocurrencies via the PayPal platform, here are the steps to follow:
Open an account with eToro
Deposit funds in your account ($ 200 minimum) by choosing the PayPal option
Connect to your PayPal account to validate your transaction
Start trading Bitcoins
In the steps below, we explain how to get started.
Trade Bitcoins via PayPal
67% of retail investor accounts lose money when trading CFDs with this provider. You should ask yourself if you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products. No protection for EU investors.
Buy Bitcoins with PayPal: Tutorial
We will take a step-by-step walk through the process of obtaining Bitcoin with PayPal through the online broker eToro.
Step 1: Open an eToro account
Rendez-vous d’abord sur le site du broker et remplissez les champs demandés pour ouvrir un compte : nom, prénom, mail, mot de passe et numéro de téléphone.
Accept the general conditions then click on “Create an account”. You will then be able to access your brand new eToro account.
Step 2: Fund your account via PayPal
As soon as you log into the eToro platform, please click on the "Deposit Funds" section to complete the purchase.
Then select PayPal as the payment method and insert the amount of money you want to transfer.
Then, determine the currency. As a reminder, eToro uses the US dollar. So, if you deposit another currency, an exchange rate will appear.
Finally, click on "Submit" to approve the transfer.
Step 3: Log into your PayPal account
You will then be redirected to a new PayPal page to validate the transaction. Log into your PayPal account to acquire the BTC.
After logging in, review the transaction details and approve the payment by clicking "Pay".
Step 4: Trade BTC tokens
Once your eToro trading account is credited, you will be able to start buying Bitcoins.
Select the amount to invest on the number of BTC tokens you want to trade. Also choose the leverage to use.
Click on “Open Position” to bring up your trading order. For an order at a pre-determined price, click on “Invest” then on “Order” and finally “Place an order”.
Consider protecting your capital by placing take-profit and stop-loss orders.
Note also that with eToro, you can purchase a large number of financial assets with PayPal. So you can invest in forex, buy stocks, commodities and more.