Crypto exchanges or platforms are the favorite hubs of traders. This is where the deals are all made – purchases, sales, and conversions between different currencies. It’s where the magic happens. Now that digital currencies are more popular than ever, these platforms are some of the most visited sites on the Web.
When we hear cryptocurrency, the first thing that pops into our minds is Bitcoin. It is the first and most trending digital currency in the world, and there’s hardly a person today that hasn’t heard of it. Even though BTC has had its frightening falls in the past, its growth since the beginning is impressive, to say the least.
Bitcoin appeared on the market in 2009. At the time, 10,000 BTC was enough to buy two pizzas from Papa John’s. Jump forward to 2022, and you can get a single Bitcoin for around $30,000!
Want to buy Bitcoin with PayPal? Here is how to do it!
Knowing this, it is no wonder that most crypto investors pick this currency among other choices. If you are one of them and want to buy yourself some BTC with PayPal, this article is for you!
Not only will we tell you which platforms allow users to purchase crypto with the famous e-wallet, but we’ll also tell you what sites are the safest and best to use.
- Best overall: Moonpay
Moonpay is available on a global level, highly secure, and very well-rated. This makes it the best overall choice to buy Bitcoin with PayPal today. It’s available in over 150 countries and you can use the local currency of your bank account to get the famous coin.
In addition to PayPal, this platform offers a variety of methods for convenient and safe payments including bank transfers, credit/debit cards, as well as pay-by-phone methods like Apple and Google Pay.
You can use Moonpay to buy a variety of currencies, starting with BTC. If your budget is lower than the starting price for this coin, you can purchase a small fraction of it. Their starting limit is only $30, and you can become a small BTC owner with just a tiny investment.
To protect its customers’ data, Moonpay follows the strictest security measures. Once you buy your coins, they’ll guide you to store your purchased BTC in a preferred, custodial, or non-custodial wallet of your choice.
There are tons of features that you can enjoy with Moonpay. You can buy and store Bitcoin, cash it out to your bank account, and even send it to anyone across the globe in their wallet address. You can use it to buy goods and services on any website that accepts crypto or swap it for other cryptocurrencies by using a DeFi application.
MoonPay launched in 2019 and in such a short time, they’ve managed to attract thousands of crypto users and traders, as well as build a tremendous reputation as a secure company. The company aimed to create a simple solution for traders, and it has definitely succeeded to do so.
Just two and a half years after MoonPay came on the market, they closed their Series A funding round at $555 million and were valued at $3.4 billion, which is the highest valued, largest Series A for any bootstrapped crypto company.
Judged by the rapid pace this company grows at, we can expect it to become even more popular in the years that follow.
- Best for newbie traders: Coinbase
If you are new to the trading market, you can easily start with Coinbase. This platform has a user-friendly, intuitive interface and a big assortment of educational materials that will help you on your journey.
Coinbase has a complex fee structure and higher fees than most platforms, so you should be prepared to make a bigger investment. On the other hand, you can enjoy amazing perks by using it, such as access to a wide selection of cryptocurrencies, a simple purchase process, and robust security features.
Coinbase is one of the largest exchanges in the world, and it does a very good job at making crypto investments accessible to all. Their famous Earn program encourages traders to use a variety of learning resources to make more informed decisions and learn how to trade specific currencies for the best results.
This platform uses two-facto authentication on every version, has an insurance policy for its users, and stores 98% of all currencies offline.
The insurance policy sounds amazing, but you should know that it accounts only up to $250,000 in line with FDIC coverage limits. Even so, it is considered one of the safest trading and charting platforms in the world of digital coins.
Lastly, this exchange allows you to buy and trade crypto with your debit and credit cards, as well as e-wallets that include PayPal. The only problem is, that this works only in the United States.
- Best for peer-to-peer exchange: xCoins
Next on our list is xCoins, a platform frequently used for the peer-to-peer exchange of digital currencies. This tool is often used to connect lenders to those who want crypto loans. It works like this: the lender funds an account with coins, picks an interest rate, and a buyer can choose a loan they like and take it. They can be auto-matched with a loan or picked manually.
With an excellent affiliate program and quality support, xCoins is a fine tool to use. You can make your purchases via different payment methods that include PayPal, credit, and debit cards.
xCoins takes the security of users very seriously, so much that frozen accounts often happen on this platform. But, you needn’t worry – this occurs when a high volume of loans takes place, and it is resolved quite fast.
- Best for its high level of security: Crypto
Crypto is a highly secure platform because it has many layers of protection for its users. It is not used for crypto-to-crypto trades, but its security infrastructure is brilliant. In fact, they are so popular for it that Crypto was ranked one of the top 100 exchanges by the Cybersecurity Ranking and CERtification Platform.
This particular tool has many techniques in place used to keep your coins secure, including regulated custodian bank accounts for traditional currencies, offline storage for coins, as well as software peer-reviews. They also have multi-factor identification features that include options like passwords, emails, phones, biometric, and authenticator verification.
Even though Crypto promotes Visa transactions by offering up to 8% cashback, they do offer different payment methods for more flexibility. This includes PayPal.
The process is a bit more complicated since you cannot load the site directly with your PayPal. You can buy with it by loading money from your e-wallet to your Crypto.com visa card. When you do this once, the process can be automated and will be completed within seconds when you do it again.
Today, this tool is used by millions of people across 90 countries. The site supports over 250 different currencies.
- Best decentralized platform: Bisq
The final platform on our list is Bisq, an amazing platform with a big selection of traditional and digital currencies. Bisq offers quite a versatile selection of payment methods that include PayPal and other electronic wallets.
Creating an account on this platform is easy and straightforward, and they are known to verify users rather fast. This leads to fast transactions, less waiting, and more opportunities. However, you should know that their mobile version is not very optimized, and it offers several features only, such as notifications.
If you don’t mind using your desktop to make most of the tasks on this platform, Bisq is an excellent decentralized exchange. It maintains a fully decentralized, open-source platform without any limiting currency support.
You might also know it as Bitsquare, its former name. The updated, renamed platform now has a simple interface and supports many new coins that can be taken from a centralized to a decentralized environment. It’s built on open-source software, which makes the design publicly available.
There are plenty of perks you can enjoy by using Bisq. It doesn’t use any third parties to conduct its transactions, so it doesn’t require you to submit your personal information to trade on it. If you are looking for a spot with many currencies and fewer hoops to jump, this is it. It even has altcoins like Dogecoin and Cardano in its portfolio.
If you’ve seen some decentralized exchanges, you know that it is not so typical for them to support many digital and fiat currency assets. However, this one stands out with its great security features and numerous currencies available for trading.
Which one will you be using?
Have you made your decision yet? We made sure to pick the top 5 choices in terms of security, versatility, as well as different uses to meet everyone’s needs and preferences. Based on what you learned here, you can purchase BTC with your PayPal e-wallet on a highly secure platform, fast and without any issues.
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