Here Are the Main Factors Why You Should Consider Buying Wrapped Bitcoin With PayPal
Wrapped Bitcoin or WBTC is a modern version of the classic Bitcoin cryptocurrency. It allows users to exchange their tokens with other cryptocurrencies built on the Ethereum blockchain. WBTC shares the same value as the standard Bitcoin version. Still, it’s more desired among crypto traders as it allows them to diversify their investments across many different Ethereum blockchain projects.
WBTC has the largest market cap of all cryptos, so it’s considered the gold standard among crypto holders. If you’re looking to trade WBTC or become a token holder, you must act fast to get the best prices. That’s where PayPal can make a big difference. So, if you want to know how to buy wrapped bitcoin with PayPal, you came to the right place.
>>>Get Wrapped Bitcoin on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
What is Wrapped Bitcoin?
As mentioned above, Wrapped Bitcoin or WBTC is an updated version of the original Bitcoin cryptocurrency. It’s called ‘wrapped’ because, unlike the original Bitcoin, this one is based on ERC-20, making it usable in the DeFI ecosystem. Traditionally, Bitcoin and Ethereum run on different blockchains with different functions and protocols. Unfortunately, their difference meant that the two cryptos couldn’t interact with each other.
In other words, crypto holders and traders couldn’t exchange Bitcoins for Ethereum tokens directly, so WBTC was created to make it easier to transfer crypto data from one crypto to another. The Wrapped Bitcoin token is worth the same as the traditional Bitcoin token, but holders can use it in the decentralized system built on the Ethereum blockchain. The relationship works both ways so that traders can transfer wealth from Ethereum to Bitcoins too.
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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Wrapped Bitcoin Price Prediction
As you might already know, Bitcoin tokens are limited to 21 million. That means that only a few hundred thousand tokens are yet to be mined, after which the supply of Bitcoin will be frozen to 21 million tokens. The number of tokens available on the markets means that their price will keep increasing in the future. According to some experts, a single Bitcoin token could reach prices of as much as $1.6 million in the next ten years. Here’s a quick overview of WBTC price predictions for the next five years:
- 2023 – $84.153
- 2024 – $122,255
- 2025 – $171,009
- 2026 – $260,575
- 2027 – $382,264
As you can see, WBTC is expected to increase in value tremendously in the next five years. So, it’s not a question of whether or not you should buy wrapped Bitcoin; it’s when you should buy one.
>>>Get Wrapped Bitcoin on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Why Should You Buy Wrapped Bitcoin with PayPal?
Since a single Bitcoin token costs about $55,000 at the moment, loading your account through bank transfer or credit/debit cards is pretty much impossible. However, if you use PayPal, you can instantly transfer more significant amounts of money and ensure that you buy your WBTC at the lowest prices. Here are a few reasons you should load your crypto accounts using PayPal.
1. State of the Art Security
Handling a large amount of money online will always put you at risk. Most banking apps and online payment systems have some kind of cybersecurity in place, but sadly, hackers and cybercriminals always find a way to breach them. If you’re not careful, you can end up with your accounts empty and no way to return your stolen money.
With PayPal, you don’t have to worry about things like that. You can read any online review on PayPal, and you’ll see that everyone praises its excellent security features. PayPal is the most extensive online payment system in the world, and as such, it must have the latest encryption and advanced security features, such as a two-step login. So if you want to find out how to buy wrapped bitcoin with PayPal, you should at least know that you don’t have to worry about cybersecurity whatsoever.
2. Instant Money Transactions
It doesn’t matter if you want to buy wrapped Bitcoin or any other crypto asset; time is always of the essence. Unfortunately, Crypto markets are highly volatile, and the prices of digital assets can change a lot in an instant. Therefore, you need a fast and reliable payment system that allows you to transfer money to your crypto wallets instantly.
Again, PayPal takes the top spot here, as it’s the fastest money transfer option available. It allows you to transfer funds to your account in seconds, ensuring that you can purchase the crypto assets you want at the best prices. The withdrawals are also faster, allowing you to receive your money in only one business day.
3. Effortless Money Management
Compared to many other online payment platforms, PayPal is much easier to use and master. The entire platform is designed to keep things as simple as possible. That means that you can quickly withdraw or transfer money with just a few clicks. Furthermore, PayPal allows you to link your account directly to an online marketplace such as eToro, making it even easier to deposit and withdraw money from one platform to the other.
4. Access to International Markets
Paypal currently supports over 25 currencies from all over the globe. That’s one of the reasons why millions of people use it every day. In addition, the platform allows you to transfer your money from one currency to another with a single click. That will instantly enable you to purchase WBTC and other cryptos on worldwide markets.
5. Mobile App for Trading on the Go
If all the benefits mentioned above are not enough, we’ll also mention the fantastic PayPal app that makes money management even more accessible. You can download the app and ensure that you never miss a great opportunity when trading crypto assets since you’ll be able to place offers and sell cryptos on the go. The app shares the same features as the website version, but it simplifies things further.
>>>Get Wrapped Bitcoin on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where to Buy Wrapped Bitcoin?
Wrapped Bitcoin is the most popular crypto asset globally, and as such, you can find it on almost every crypto exchange. However, since a single WBTC costs a small fortune, we advise you to choose your marketplace carefully. Out of the hundreds of websites and crypto exchanges we’ve seen so far, we selected the top 3 choices that support PayPal transfers. Here’s a quick overview of all three:
- eToro – The best platform to buy Wrapped Bitcoin with PayPal
- Webull – One of the most popular Wrapped Bitcoin Brokers
- Binance – The Largest Crypto Exchange in the World
1. eToro – The best platform to buy Wrapped Bitcoin with PayPal
We have to start our list of the best crypto exchanges that support PayPal transfers with eToro, as it’s the most regulated crypto marketplace in the world. The platform is overseen by multiple regulatory bodies, including the FCA, FinCEN, FINRA, CySEC, and others.
Apart from providing a safe environment for trading digital assets, the platform also has one of the lowest fees and zero transaction fees. When you consider that the minimum deposit is only $10, it becomes evident that eToro is the best choice you can make.
>>>Get Wrapped Bitcoin on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
2. Webull – One of the most popular Wrapped Bitcoin Brokers
Webull is another popular crypto exchange with millions of active users. It’s also regulated by SEC and FINRA, but it offers a smaller selection of cryptocurrencies. The current offer includes only the top 25 cryptos, WBTC being one of them. Webull is an excellent choice if you’re looking to create a diverse portfolio of digital assets.
It’s easy to use even if you’re a beginner, and if you download the app version, you’ll gain access to price charts, predictions, and other valuable materials. In addition, the two-step authentication will prevent potential theft, ensuring that your digital assets are kept safe and sound.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
3. Binance – The Largest Crypto Exchange in the World
Lastly, we have Binance, the largest crypto exchange in the world. The platform has been growing its crypto offer steadily over the past few years to over 500 available digital assets. Binance is known for its 0.1% transaction fees and regular special offers.
It’s designed to provide users with access to marketplaces other than cryptocurrency. That includes everything from stocks to futures, forex, and other investment options. In addition, you can purchase NFTs, set up a passive income, and read some of the best guides on investing money.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to buy Wrapped Bitcoin with PayPal on eToro – Step by Step Guide
If you’re serious about investing in WBTC, here’s a step-by-step guide on how to buy Wrapped Bitcoin with PayPal on eToro. We recommend that you use this platform because it offers the lowest fees and has the best prices on the internet. So follow these simple steps and start trading WBTC today.
Step 1: Create an account on eToro
Open the official eToro website on your device and click on the ‘Sign Up’ button in the top-right corner.
Enter the required information that includes your phone number, email address, name, address, password, etc.
You can also use your Facebook or Google accounts to speed up the process.
Step 2: KYC and Verification
Once you’ve provided all essential information, you will also have to provide proof of identity by uploading a photo of your driver’s license, passport, or ID. You have to complete this step, or you won’t be able to start using the platform.
Step 3: Deposit funds directly through PayPal
After your ID has been verified, you can make your first deposit. You will see that there are multiple options for making deposits, so browse through the menu and select PayPal. Next, choose the amount of money you want to deposit, and it will appear in your eToro wallet.
Step 4: Buy Wrapped Bitcoin
You can now buy Tether tokens from the offer. Type ‘Wrapped Bitcoin or WBTC’ into the search bar and input the amount of money you want to invest. Complete the purchase by clicking ‘Open Trade,” and your Tether tokens will appear in your eToro wallet.
>>>Get Wrapped Bitcoin on eToro<<<
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
How to buy Wrapped Bitocin With PayPal – Conclusion
We’ve done the best we can to give you an answer to the question of how to buy Wrapped Bitcoin with PayPal. We explained which marketplaces support PayPal as an option and why it’s a good idea to use PayPal for making deposits.
We recommend that you start your career as a crypto trader on eToro, as it’s the world’s safest and most regulated crypto exchange. It’s also easy to use, and it’s a place where you can get accurate information that can help you make better investments in the future. We wish you the best of luck in your future crypto trading efforts!