It’s not easy to buy and convert PayPal to Bitcoin without ID verification.
But if you still insist that PayPal could be the best option for you, then I will go ahead and show you how to get BTC with PayPal with any ID verification.
These two platforms are P2P based exchanges, where individuals trade Bitcoins and some other cryptocurrencies for fiat money or PayPal.
Note: Buying BTC without ID verification is nothing, but a serious myth, as you will have to register on these platforms and you will have to verify the account in one way or the other.
If people don’t verify themselves, it won’t be possible to build trust without loosing cryptocurrency investments in the process!
How you can buy Bitcoins with PayPal
This method of buying Bitcoin can bring about high transaction fees, low volume and some other kinds of issues like; cryptocurrency scam and payment hassles.
However, I recommend LocalBitcoins, as they’ve been in the business for many years, without any issue what so ever on the platform.
First, create an account on LocalBitcoins (if you do not have one already).
Using the menu, enter your desired amount of Bitcoin you would want to buy, then select PayPal as a payment method and click the search button.
Considering the first option is selling Bitcoin for $8350, this is a 10% premium minimum, and increases fast as you move down.
LocalBitcoins charges 1% fees, PayPal charges around 3% so these fees really start to add up.
Select seller and you’ll be taken to a page similar to what is shown below, then you will need to read and follow the seller’s rules to send a trade request.
If the seller agrees to sell after viewing your account, then you can proceed with the transaction while the platform serves as an escrow.
Once both the seller and the buyer confirms reception, it will mark the process as completed order.
Congrats, you have successfully used LocalBitcoins to purchase Bitcoin with PayPal!
Where to buy Bitcoin with PayPal
Mind you that, there is no direct way to buy Bitcoins using PayPal as Bitcoins transactions are irreversible.
However, there are certain indirect ways that are used by users around the globe to purchase Bitcoins using PayPal accounts.
Let’s head straight up into best places to buy Bitcoin instantly using PayPal money accounts safely.
1. LocalCryptos (Recommended)
LocalCryptos is basically a P2P (Peer-to-Peer) marketplace, where people exchange crypto with each other.
You can buy and sell Bitcoin, Ethereum, Litecoin, Dash and USDT crypto, using any payment method.
There are more than 40 payment methods accepted.
Unlike other P2P marketplaces, LocalCryptos keeps you in charge (i.e. you are totally in charge of your cryptocurrency investment).
LocalCryptos takes a different approach (i.e. they cut the platform risk by putting you in control of your wallet keys).
When transacting on this platform, only you know your private key – they never take custody of your coins.
|Highly secured||Limited number of supported cryptos|
|Supports multiple coins||Both buyers and sellers may be scammed|
|You’re in custody of your keys|
|Buyers get their crypto-coins fast|
|Supports several payment methods|
|Available in every country of the world|
2. LocalBitcoins marketplace
LocalBitcoin is the Peer-to-Peer (P2P) Bitcoin exchange marketplace that covers almost all countries around the globe.
The service is operating since 2013 and the company is based out Finland.
They have Bitcoin buyers and sellers in over 240+ countries and 7000+ cities around the world.
However, they do require a KYC (Know Your Customer) and registering on it is as easy as configuring your email.
Apart from that, as it is present in so many countries they naturally need to adapt to various payment methods as per the needs of individuals.
On LocalBitcoins, buyers and sellers can post their ads with terms, or conditions to complete the trade via any payment method.
If you are a buyer, you just need to select your country and payment method as PayPal to see sellers who are wishing to sell BTC for PayPal.
|Available in every country of the world||Lack of cryptocurrency diversity|
|A diverse selection of buyers and sellers||Users has a chance of being scammed|
|Supports many payment methods|
|Buyers get their Bitcoins fast|
3. Binance P2P
It has support for over 166+ cryptocurrencies.
Both beginners and advanced investors have a myriad of tools and pairs available to them within the platform.
Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, NGN and many more.
|Global support||Few payment options|
|Large number of crypto pairs|
|Low transaction fees|
|High volume exchange|
Paxful is a big P2P service based in the US (since 2015) that has support for several other currencies including Bitcoin.
Aside PayPal, it also allows 300+ other payment methods, which even LocalBitcoins do not support.
Paxful uses an escrow system to protect both sellers and buyers from cheating, when they’re being paid, or releasing purchased crypto assets.
|Escrow system||Buyers and sellers are at risk of being scammed|
|Diverse payment methods|
|Simple user interface (UI)|
|Wide variety of sellers|
Frequently Asked Question
Like I’ve said earlier, PayPal is not an ideal way to buy Bitcoin due to a higher fee than other methods of getting BTC (~ almost 10% high).
If you would like to learn about other methods, check out how to buy Bitcoin with credit and debit cards.
All the same, these exchange services listed above are not safe for storing your Bitcoin investments.
There are list of different crypto wallets, which you should look into before thinking of using just any other random wallet.