Among all types of cryptocurrencies, Bitcoin is still considered one of the best investment options despite all the price drops it has had in the last few years. Because, based on the recent surveys, investors have decided to focus on the strengths of this currency and not pay attention to the negative points that are said about this currency. But according to the laws that were enacted last year regarding all cryptocurrencies, it is not possible to buy and sell these types of digital currencies directly in Iran, and you should use alternative methods to invest in Bitcoin. One of these methods is to buy bitcoins with PayPal or other electronic currencies.

paypal to bitcoin

How to buy Bitcoin with PayPal

As you know, there are different ways to get bitcoins. One of the first methods that was introduced to obtain Bitcoin was to extract this currency from Bitcoin mines. But with the passage of time and due to the fact that the number of mined bitcoins was added day by day, using a method like mining became difficult and of course expensive. So people turned to the alternative method, i.e. buying bitcoins using other currencies. In other words, you can buy the amount of Satoshi or Bitcoin you want using various platforms that are active in the field of digital currency exchange.

But unfortunately, none of the biggest digital currency exchange services support Rial currency! Therefore, people living in Iran should use currencies other than Rial to buy Bitcoin.

In the previous article, we taught you how to buy Bitcoin with Skrill. But in this article, we want to teach you how to convert PayPal to Bitcoin.

In this way, you can use a verified PayPal account and charge it to the required amount, through one of the sites that support the conversion of PayPal to Bitcoin, to buy this currency! In this simple way, you have been able to convert the PayPal in your account into one of the best cryptocurrencies.

In which of the foreign sites is it possible to convert PayPal to Bitcoin?

Currently, the best sites that provide the possibility of buying bitcoins using other accounts are:

PaXFUL site

PaXFUL site is considered as one of the best ways to convert PayPal to Bitcoin because it charges very little fees to do this conversion! In other words, the payment of 1% fee on this site is the responsibility of the seller, and no other fees are charged for transactions such as withdrawals. Of course, it should be noted that PayPal is not the only way to buy bitcoins on this site. You can also invest in this cryptocurrency using credit card, debit card and Western Union.

VirWox site

In addition to PayPal, other methods such as credit card, debit card and Skrill are considered for buying bitcoins on this site. The important thing about this service is that the commission it charges from users for conversion varies between 2.5% and 20%.

LocalBitcoins site

The most important points you need to know when converting PayPal to Bitcoin

Keep in mind that you cannot transfer the purchased bitcoins to your PayPal wallet. Therefore, be sure to use one of the types of Bitcoin wallets, such as hardware wallets Trezor wallet and Ledger Nano S wallet to receive currency.

If the charge in your PayPal wallet is in US dollars, it is better to use sites that use US dollars as one of the payment methods. Otherwise, you have to pay the currency conversion fee in your PayPal account.

Have you had experience buying bitcoins with PayPal? In your opinion, which of the digital currencies can be converted to Bitcoin at a lower cost and more easily?

Another way to convert PayPal to Bitcoin is to use the services of LocalBitcoins. In this method, you can convert the charge in your account to Bitcoin without any fees. Of course, to do this, you can also use other methods such as credit card, debit card, Neteller, Perfect Money and Western Union.

Cancoin site

This site is another way to buy bitcoins with PayPal, which usually charges more than 1%. On this site, in addition to the PayPal account, you can also use other methods such as Western Union and SWIFT.