How does one transfer money from PayPal to Bitcoin?
Bitcoin, a cryptocurrency that laid the foundation for the digital financial revolution, has opened new avenues for making good money. The popularity and accolade which Bitcoin is enjoying now were not at the time when it was introduced. Bitcoin is a cryptocurrency that runs on a Blockchain platform. It aids peer-to-peer interaction and ensures that there is no third-party governance in the same. Owing to minimal third-party interaction and ease of transferability, Bitcoin immediately gained popularity. At the time of writing, Bitcoin’s value stands at $ 50,672. This whopping valuation of Bitcoin highlights its popularity. It is important to mention here that many people are looking forward to investing in Bitcoin, and one of the easiest ways is to use the Bitcoin platform for this exchange. In this blog, we are going to focus on how one can transfer money from PayPal to Bitcoin.
Exploring more about Bitcoin exchange:
Paypal is a renowned portal for money exchange. It is very popular for foreign currency exchange, but the question that arises here is whether one can buy Bitcoin using PayPal? The answer is yes. PayPal users in the US can now buy, sell and hold cryptocurrencies using their PayPal account. This feature is not available for business accounts. The PayPal users can not only buy Bitcoin, but they can also buy and sell other cryptocurrencies like Litecoin, Ethereum, Bitcoin Cash.
Steps to Buying Bitcoin on PayPal:
· Step 1: Begin with logging in to your PayPal account and select the cryptocurrency. You can spot the cryptocurrency section on the top right section, adjacent to ‘Send’ and ‘Request.’
· Step 2: Now, you have to choose the cryptocurrency of your choice; in this case, you can select ‘Bitcoin.’
· Step 3: Now select the option, whether you want to buy or sell.
· Step 4: Next, you must pick the quantity that you want to buy. Enter the amount and choose a pre-set amount below.
· Step 5: Choose the payment method. Most likely, you will have the account linked to your PayPal account; if it is not, you can select another method.
· Step 6: Finally, click on the Buy option, and confirm the same. You will see a confirmation screen, and your selected coin will reflect on your PayPal account dashboard.
The working is pretty simple, but presently this option is available only to the people in the US except for Hawaii. So, if you are planning to invest in Bitcoin and have an account with PayPal, follow the instructions mentioned above, and you can easily start your cryptocurrency portfolio.
Knowing more about Bitcoin and another cryptocurrency along with certification program
Cryptocurrency is the latest trend in the market. It is attracting a lot of attention. And if you too are willing to become a cryptocurrency expert, then the Blockchain Council offers the best online certification program in Blockchain, Bitcoin, Ethereum, and allied fields.
This online learning program extensively covers all the details of the same. Making a career as a cryptocurrency expert, or Bitcoin trading, is a lucrative opportunity, and this certification program is going to be helpful in the same. For more updates and information about the cryptocurrency certification, connect with the Blockchain Council today.
