Ever since Bitcoin appeared on the market, it has been clear that it will change the market forever. It is still very popular among crypto enthusiasts all over the world. Some experts compare it to gold since using blockchain has numerous advantages.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Bitcoin?
Bitcoin is probably the most researched cryptocurrency ever since it appeared in 2009. The creator, who is known as Satoshi Nakamoto, truly started a revolution in the world when he introduced it to the people who were pretty skeptical of this novelty that can now be considered a phenomenon. It is stored, traded, and distributed on the blockchain. It was the pioneer in the crypto world, and since it appeared, new cryptocurrencies have just started popping up, changing the world of currencies as we know them.
How to Buy Bitcoinwith PayPal – Quick Steps
If you are short on time and can’t go through our entire guide, we have prepared a quick outline of how you can buy Bitcoin with PayPal in no time.
Here are a few simple steps that you should follow:
- Step 1: Open an eToro Account – Visit eToro’s official website and click on ‘Join Now’ to open up an account. You will have to provide information such as name, email, phone number, etc. and then verify the account by uploading a photocopy of your passport or driver’s license.
- Step 2: Use PayPal to Fund Your Account – Press ‘Deposit Funds’ to begin funding your new account. Next, select PayPal as the payment option. Follow the instructions that appear and type in exactly how much money you want to transfer.
- Step 3: Buy Bitcoin– Type in ‘LINK’ in the search box to find the cryptocurrency. Then, press ‘Trade’ and type in the amount of LINK you want to buy. Press ‘Open Trade’ to finalize the purchase.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Bitcoin price prediction
Bitcoin price started basically from scratch, but it has been on a steady rise over the years. In 2011, its price was pretty modest as it was $10, then it was $30, and it only continued to grow. At the moment of writing, the price of Bitcoin is $41,075.80, which is a pretty impressive rise over the last decade. Since the events occurring across the globe impact the global economy, including the crypto market, the price of Bitcoin has been affected by the fact that China wanted its citizens to stop mining Bitcoin. Many experts believe that this is the main reason why the price is slightly down. The reason why regulators and politicians want to decrease this kind of activity on the market is that they consider that cryptocurrencies bring doubt, fear, and uncertainty.
When it comes to the figures we can expect, here is an overview of its value in the next few years:
2022 – the experts believe that the price of Bitcoin will be $50,000.
2023 – the prediction is quite optimistic because the experts believe it could be $79,538.
2024 – it is believed that the price could go up to $100,000.
2025 – the price could go up to $126,000 until the end of the year.
As you can see, the experts predict that the price will continue to rise. However, it is necessary to keep in mind that the crypto market is not a stable market. Changes happen on a daily basis, which means that there is always a possibility that the price could drop. Investing in the crypto market always comes with a risk, so it is up to every investor to think about the risk they are ready to face. The best advice is to invest as much as you are ready to lose.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why should you buy Bitcoin with PayPal?
If you started actively trading and you want to have your options open, buying Bitcoin with PayPal is surely something that can make the whole process much easier. One of the reasons the traders around the world like PayPal is because withdrawals and making deposits are very fast, almost instant, which is crucial in the market related to cryptocurrencies because timing is everything. It is essential to grab the opportunity the second it presents itself, which is why waiting for the transactions is not an option.
Besides, all the cryptocurrency traders appreciate security which is why PayPal stands out for sure. Millions of people trust that their transactions will be taken care of with safety in mind. There are two-step login and end-to-end encryption that truly enhance the whole experience and put safety on a whole new level. If you decide to buy Bitcoin with Paypal, you can be sure that it is almost impossible for the hackers to take any of your funds because every user gets notified of every change on the account.
In addition, the users who want to know how to buy Bitcoin with PayPal usually appreciate the fact that it is very easy to use. The fact that it is user-friendly makes the whole process much faster. There is also a mobile app that you can use wherever you are.
Where to buy Bitcoin with PayPal?
Once you start wondering how to buy Bitcoin with PayPal, you should know that you should find the crypto trading platforms that have PayPal listed as one of the payment options. We have made a list of the top 3 platforms:
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eToro – Our top recommendation for buying Bitcoin with PayPal
The moment you start researching how to buy Bitcoin with PayPal, eToro will be the answer. We recommend it because it is one of the best platforms at the moment. Being overseen by the regulatory bodies such as FCA, FINRA and FinCEN makes it very secure, which means that you will be protected from the moment you start trading to the moment when you feel that it is time for you to withdraw the funds.
If you wish to have the lowest fees, then the eToro platform is certainly the best choice. However, you should be aware of the spread cost that the traders should pay, but you will not have to pay to place a deposit. The lowest deposit that the new users should place is $50. There is also a great app that both beginners and experienced traders can use. The users can deposit funds in the form of the fiat currency very fast by using a bank account or debit card, which makes things much simpler. The entire process of opening the account will be over pretty fast because the website is user-friendly and completely oriented towards helping the newcomers set up everything easily.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
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Webull – A good choice for buying Bitcoin with PayPal
Considering that it is regulated by SEC and FINRA, it is quite reputable. In addition, there is no commission fee. The minimum that the new users need to deposit is low since it is only $1. However, you should know that the number of funds you get by buying or trading cannot be transferred on another platform, so the only option is to sell or liquidate the crypto assets. This platform is a good choice for people who wish to start trading without commission fees. The process of opening an account shouldn’t take more than a few minutes of your time, so this is certainly a plus.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
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Binance – One of the best platforms for buying Bitcoin with PayPal
Our list would not be complete without Binance because it is one of the biggest exchanges that traders use across the world. When it comes to fees, Binance charges a 0.1% fee for the transaction when you want to buy Bitcoin or sell it. The platform is user-friendly, and every trader can easily find the charts and the technical indicators that you may be interested in. Keep in mind that it may be a little complicated for the newcomers to get a hold of the entire process on the platform, which is why you should ask for help before you dive into trading on it.
These were the top 3 platforms where you can easily find out how to buy Bitcoin with PayPal since the process is pretty straightforward and easy. Weigh all the preferences and choose the one you consider the best one for you. We certainly recommend eToro since it is equally easy for experienced traders and newcomers to feel confident while using the platform.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to Buy Bitcoinwith PayPal – Step-by-Step Guide (eToro)
Finally, we have prepared a step-by-step guide that will show you exactly how to buy Bitcoinwith PayPal.
Since eToro is the best exchange for this process, we will use it as an example.
Follow these steps to buy Bitcoinwith PayPal in a matter of minutes.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Step 1 – Open an eToro Account
Creating an eToro account is simple, all you have to do is go to their official website and click ‘Join Now’.
Next, you should fill in the personal details like your name, phone number, address, birth date, etc.
Since eToro complies with AML regulations, you will have to upload a photocopy of your passport/driver’s license to verify the account.
Step 2 – Use PayPal to Fund Your Account
When you open eToro’s main dashboard, press ‘Deposit’ and choose PayPal as your desired payment method.
There will be a list of detailed instructions you should follow, it won’t take longer than a couple of minutes to go through them.
Once you are done, type in the amount you want to transfer to eToro (for new users the minimum is $50).
Step 3 – Buy Bitcoin
The last thing on your to-do list is to buy Chainlink.
You can use the search bar to type in ‘LINK’ to find the token faster. Then, click on ‘Trade’ and type in how much LINK you want to buy (the minimum is $10).
Make sure you entered everything correctly and finish up by clicking ‘Open Trade’.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is the best cryptocurrency to invest in this year?
Even though Bitcoin has been on the market longer than a decade and it is certain that it is here to stay for a long time, new crypto investors may not be ready to invest that much from the very start. If you wish to invest in something less costly and risky, we recommend investing in Lucky Block NFT. It is relatively new since it was launched earlier this year, and it is pretty interesting because it brings out all the advantages of the blockchain. It is a chance for all the adventurists to try out the lottery and get a chance to win some pretty generous prizes.
The NFT market has been booming lately, and it is the perfect moment to invest in a promising Lucky Block NFT that has a pretty bright future. The platform has gained a lot of attention from numerous players who use it to access the Lucky Block games. It is available on the Pancakeswap, and since it is user-friendly, you can be sure that you will find your way through the process fast.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Conclusion
Bitcoin has definitely changed the way we perceive currencies, and it has opened numerous possibilities for trading. It has enabled numerous traders to get rich and change their lives for the better. We hope we have given you the answer to the question “how to buy Bitcoin with PayPal,” and you will easily find your way. However, keep your options open and consider investing in Lucky Block NFT because its price will certainly rise in the future. There is no doubt that there are numerous things coming our way that we can look forward to, so start investing as soon as possible!