Want to buy or exchange Bitcoin? PayPal has always been the best method for buying Bitcoin in recent years. However, it is still a problem to find the most credible place to exchange or sell Bitcoins. Some of them aren’t reputable whereas others offer too high extra fees. We hope that this post will counter your concerns and provide you with a few insightful tips on how to choose the best services. So get comfortable and have a look!
Why Should You Choose PayPal?
You probably know that Bitcoin became popular because people can buy, sell or store them and earn extra money. Three years ago, the price for Bitcoin was too high. However, two years ago Bitcoin crashed. That’s why it is much more profitable to buy and sell cryptocurrency with PayPal instead of storing it in your wallet. In doing so, you can earn good money! You just need to know what services you can use and when you should sell cryptocurrency.
So now, let’s move on to discussing the best platforms that can help you achieve that goal.
Changevisor
Here, at Changevisor.com, you can find a variety of reliable exchangers that guarantee real-time Bitcoin value, round-the-clock customer support, competitive commission rate, and fast money transfers. Simply put, if your goal is to exchange Bitcoin to Paypal, the use of this platform might be the right idea.
This particular service has been designed for seamless and fast transactions. The greatest benefit of this platform is that it provides its users with an opportunity to see the current rates of different currencies. This information is tracked in real time.
The main goal of Changevisor is to monitor the best currency exchange platforms and find the latest and the most current exchange tariffs. The page reloads automatically every 5 seconds. So users of this platform are always informed of the most up-to-date information.
To back up the conversion rates that you can see on the website, there’s a click feature that allows you to see a comprehensive list of exchangers that are operating with that rate. Moreover, this service guarantees no conversion wastage.
eToro
The main benefit of this service is that it offers too low fees as compared to its competitors. Moreover, they accept a number of payment methods. But unfortunately, this service is not available worldwide and you can only withdraw in fiat currencies. The platform allows you to purchase Bitcoin with PayPal but unfortunately, you simply can’t send your cryptocurrency to other users. You can only change Bitcoin back to fiat currency. To put it simply, this service allows you to speculate on the price. If your overriding purpose is to gain profit from price swings, the use of this service might be the right solution. But if your objective is to purchase actual Bitcoins, you need to opt for other services.
Moreover, when you use this service, there’s no need to use a Bitcoin wallet. Before you start trading, you need to bear in mind that more than 70% of retail investors lose cash when trading. So you should immerse yourself in this business only if you are ready to take the risk of losing cash.
xCoins
The main advantage of this service is its reliability. It has already hit the market many years ago and still, it has millions of users from all over the globe, but it has too high fees. xCoins.io is a popular Bitcoin lending service. Simply put, they don’t sell your Bitcoins, they loan them.
If you want to use this service, you need to undergo an ID verification process. After that, you need to deposit the USD and determine how much you wish to borrow. You should also add processing fees and the interest rate. When you verify your identity, you should make a payment.
The main goal of this platform is to help buyers and sellers find each other. That’s why fees are rather high. However, millions of users from pole to pole prefer this service because it has an excellent reputation.
Paxful
When you open this platform, you’ll find a number of sellers here. Users say, that’ this is a smaller version of a well-known LocalBitcoins service. In this marketplace, you can purchase Bitcoins with Amazon gifts, Skype credits or any other service.
The main thing that you should know about this service is that it is very easy to use. You just need to follow these guidelines:
• Make your account;
• Decide what payment method you are going to use and the amount of money that you are going to spend;
• Check all the sellers and choose your one. You can either do it yourself or let this platform do it for you.
• Wait until the trade is initiated.
• Go to the online chat with the seller and finish your deal.
After that, Bitcoins will be transferred to escrow. When you make a payment, the money will be transferred to the seller. However, you should keep in mind that you need to finish the deal within 30 minutes.
Plus500
This is the best and the most popular platform that is used by Europeans. When analyzing the rating of similar services, this one has a very good reputation. The registration procedure is fast and easy. After you complete the account creation form, you will be asked to verify your phone number. Before you make a deposit, you need to complete a questionnaire and clarify personal details. After that, you can start exchanging your Bitcoins.
All in all, the choice is huge today. You can find a variety of platforms that offer similar services but it is up to you to decide which one to choose! We hope that this review will help you choose the best service!
