Yes, it is possible. One option is to sell Bitcoin through a peer-to-peer marketplace that accepts PayPal, such as LocalBitcoins or Paxful. Another alternative is to use an exchange where you can sell Bitcoin for GBP, then withdraw your money to the debit card or bank account linked to your PayPal balance. This is mainly due to the fact that while PayPal supports chargebacks, Bitcoin and other crypto transactions are irreversible.
As a result, it is relatively easy for someone to buy Bitcoin with PayPal, complain they never received the BTC they purchases and ask for a chargeback. Due to this heightened risk of fraud, only a handful of crypto trading platforms and exchanges accept PayPal deposits. Your capital is at risk.
Capital gains tax on profits may apply. Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks.
Finder, or the author, may have holdings in the cryptocurrencies discussed. Andrew Munro was the global cryptocurrency editor at Finder, covering all aspects of cryptocurrency and the blockchain. Click here to cancel reply. Optional, only if you want us to follow up with you. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
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Please appreciate that there may be other options available to you than the products, providers or services covered by our service. An easier way to buy crypto. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Andrew Munro. Kate Anderson. Updated Jan 10, What changed? Learn more about how we fact check. Navigate Cryptocurrency In this guide. How to use crypto platforms to buy Bitcoin with Paypal Frequently asked questions Start comparing. Getting Started.
What is cryptocurrency? Cryptocurrency exchanges. Cryptocurrency wallets. Cryptocurrency trading. How To Buy. Crypto Tax Guides. What is capital gains tax? Best crypto exchanges in the UK. A-Z list of exchanges. A-Z list of wallets. A-Z list of coin guides. Ethereum unit converter.
Crypto trading hours. Cryptoasset investing is unregulated in the UK. There's no consumer protection. The value of investments can fall. Disclaimer: Cryptoassets are highly volatile and unregulated in the UK. Tax on profits may apply. Go to site View details. Coinbase Digital Currency Exchange. Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Paxful P2P Cryptocurrency Marketplace. Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than other payment methods. Services Advertising. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. In this guide we review the fees each platform charges - as Bitcoin purchases via PayPal often come at premium.
We also review how to buy Bitcoin with PayPal without paying any deposit fees - and which platforms to consider for job. All other currency deposits attract a small fee of 0. Enter your details and click confirm. Step 4: Buy Bitcoin: You can now enter the amount of money you want to allocate to your Bitcoin investment. You first need to open an account and upload copy of your ID - which takes less than two minutes.
Then, you can deposit funds directly into your eToro account with PayPal. For US clients, you will not be charged any fees. Electric vehicles Three sparks and a fire: the decisions derailing the reputation of Ola Electric and Bhavish Aggarwal. Subscribe to ETPrime. Find this comment offensive?
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UK regulators have become increasingly wary of cryptocurrencies in recent months. And in June, the Financial Conduct Authority banned Binance, the world's biggest cryptocurrency exchange, from conducting any "regulated activity" in the UK. But on Monday, PayPal chief executive Dan Schulman told the Financial Times: "I do believe that governments, central banks are understanding that the world is moving towards digital payments, that you cannot manage monetary policy through the issuance of banknotes.
PayPal vice-president and general manager for blockchain, crypto and digital currencies Jose Fernandez da Ponte said: "We are committed to continue working closely with regulators in the UK, and around the world, to offer our support - and meaningfully contribute to shaping the role digital currencies will play in the future of global finance and commerce. And PayPal plans to expand its cryptocurrency service into further international territories in the coming months.
Image source, Getty Images. PayPal plans to expand its service internationally in the coming months. Entry point. Users can buy or sell cryptocurrency worth up to:. Monetary policy. Coinbase is the dominant U. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.
Established in , Coinbase is one of the most popular cryptocurrency exchange in the world with over 30 million customers strong. Coinbase makes it simple to exchange funds from any payment method directly into bitcoin. Coinbase is an easy way for buyers and traders to buy, sell, and trade cryptocurrency with PayPal as the payment method. Step 1: Create an account with Coinbase. Paxful is a person-to-person marketplace that supports over payment methods.
Paxful is a peer-to-peer marketplace that works similarly to Localbitcoins and has an escrow system for buyers and sellers to trade securely. On Paxful you can search for merchants who are buying bitcoin with PayPal or sell bitcoin as a vendor and accept PayPal as a payment method. Both of these are high-risk methods. Ask for photo ID and be aware of potential chargebacks if you choose this method. Once this is accepted, however, the trading process is simple.
Step 1: Create an account with Paxful. Step 3: Choose your seller. Typically the seller is chosen manually, or you can allow Paxful to select for you. Step 5: The buyer and seller proceed to a chat where the trade agreement processes into an escrow.
With Paxful, if the trade is not finalized within a stipulated time, usually thirty minutes, the deal will be canceled. Etoro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Since , Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet PayPal, Skrill, or Neteller , or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform though charges from your bank may apply. Investments are subject to market risk, including the loss of principal. You should consider whether you can afford to take the high risk of losing your money.
The Etoro platform is regarded as one of the easiest ways to buy bitcoin with PayPal. While Etoro allows PayPal as a deposit method, buyers will neither be able to withdraw bitcoin to a wallet nor send them to other people. Step 1: Create an account with Etoro. Step 8: Once your Etoro account has been credited, go to the trading page. Here, choose your preferred market limit order and enter the amount of bitcoin you want to buy.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection. This purchase is, however, only for a fixed amount of time, as these bitcoins return to the seller. Essentially, this means that these bitcoins are only loaned out not sold off.
Since this platform matches lenders and buyers, the fees are relatively high. Here, you enter your PayPal account details and make payment. Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.
Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly. Once you add money to your Wirex account you can exchange between any of the currencies in-app or online , instantly. You can fund your Wirex account using a credit or debit card, bank transfer or crypto. Wirex can also be linked to a third-party service such as Curve, Revolut, or Paypal.
Step 1: Create an account with Wirex. Step 2: Verify the account. Once the account is verified, you will get a free virtual visa card. If you want a physical card, you can order one to be delivered to your home. Step 3: You need to add a small amount to your virtual visa card. It is also vital that you add the card to your PayPal account.
It could take between one to seven days before the deposit is complete. The following is a list of the top 5 exchanges which we have already covered in this article for buying and selling bitcoin instantly using PayPal as a payment method. Each exchange is supported in various countries and has its own procedures for setting up an account. Go to the official website of each one to learn more. Originally introduced in as Confinity and then later X. Today, PayPal has amassed over million users and is a global leader in processing and facilitating payments for ecommerce and individuals across the globe.
PayPal is a popular payment processor and payments system for many reasons including the following:. If you have a question or would like to reach the PayPal customer support team directly you have a plethora of options available to you here.