Bitcoin is in all likelihood the most known cryptocurrency. Because people can buy and sell Bitcoin it became immensely popular, but when it crashed a few years ago, these same people found it better to buy and sell cryptocurrency with PayPal as opposed to storing it in their wallet.
Bitcoin is a mobile app that provides a personal Bitcoin wallet where you can send and receive bitcoins. The Bitcoin network shares a public ledger – block chain – that contains every transaction processed and which is protected by digital signatures.
Exchangers between money and cryptocurrency
There are a number of companies offering their services as instant exchangers between regular money and cryptocurrencies but you have to be aware of fraud because of the popularity of Bitcoin.
If you want to exchange Bitcoin to Paypal you want to be sure of hiring the right service provider whose goal it is to monitor the best currency exchange platforms and to find the most current exchange tariffs for you. You will be able to see the conversion rates and the click feature that allows you to see a list of exchangers operating with that rate.
Bitcoin to Paypal – it is easy
Some people say that the easiest way to move bitcoin to Paypal is to move it to a Bitcoin wallet that supports withdrawals to a bank account. Once you have transferred your bitcoin over to your bank account, you can use it on PayPal.
To convert your Bitcoin to US dollars for instance and receive the funds via PayPal, make sure you use a reputable platform. Simply put, it will require you –
- Creating an account and completing each of the identity verification steps
- Going to settings and selecting ‘Linked Account’ and then clicking on ‘link an account’.
- Choosing Paypal and connecting with your PayPal account.
You have got options
If one platform does not work for you, no need to lose heart because there are other websites that let you sell bitcoin for money from Paypal. For instance, there are other popular digital currency exchange websites where you can sell your Bitcoin for Paypal to other interested buyers and there is also no limit.
With such a website it would be simple too and would require you creating an account and then selecting ‘sell bitcoin’, selecting your country and PayPal as the medium.
You can select the amount and also chat with anyone who is prepared to be your buyer. You will see the order details and you can make your Bitcoin deposit and receive funds to your PayPal address.
There are quite a few reasons why somebody would want to exchange or convert bitcoin to Paypal. You will need to be alert about digital currencies’ fluctuations so you know the most favorable time to convert your Bitcoin.