5 Ways to Buy Bitcoin with PayPal Instantly in 2018

One of the biggest issues today for Bitcoin is the fact that it’s a bit difficult to obtain. Even though PayPal has been very favorable of Bitcoin in recent years, it’s still an issue to find credible places to buy bitcoins with PayPal in 2018.

Why won’t PayPal allow this? It’s simple. Numerous chargeback cases have been created by scammers who buy Bitcoin with PayPal from you and then claim they didn’t receive anything. This way they get to keep their money and their Bitcoins (here’s a short video illustrating this). This post will illustrate methods that will allow you to overcome this issue.

Post summary

  1. Go to Virwox.
  2. Deposit money to your account with PayPal.
  3. Buy SLL on the SLL/USD exchange.
  4. Buy Bitcoins with your newly purchased SLL on the SLL/BTC exchange.
  5. Withdraw your bitcoins.

Options for buying Bitcoin with PayPal

Virwox
Supported countries:
Worldwide
Fees:
High
Exchange rate:
High
Buying limits:
Medium
Reputation:
Bad
Overall rating:
3.5 Star Rating
LocalBitcoins
Supported countries:
Worldwide
Fees:
Low
Exchange rate:
High
Buying limits:
Depends on seller
Reputation:
Good
Overall rating:
4.5 Star Rating
eToro
Supported countries:
Non-US only
Fees:
Low
Exchange rate:
High
Buying limits:
Medium
Reputation:
Good
Overall rating:
4.5 Star Rating
Wirex
Supported countries:
Worldwide
Fees:
Very low
Exchange rate:
High
Buying limits:
Unclear
Reputation:
Average
Overall rating:
4 Star Rating
Paxful
Supported countries:
Worldwide
Fees:
Low
Exchange rate:
High
Buying limits:
Depends on seller
Reputation:
Average
Overall rating:
4.5 Star Rating

And now for a more detailed explanation. Here’s what we’ll cover:

  1. Buying Bitcoins with PayPal using eToro
  2. Buying Bitcoins with PayPal using Virwox
  3. Buying Bitcoins with PayPal using LocalBitcoins
  4. Buying Bitcoins with PayPal using Wirex
  5. Buying Bitcoins with PayPal using Paxful
  6. Buying Bitcoins with PayPal using Coinbase
  7. Additional options
  8. Conclusion

1. Buy Bitcoin with PayPal through eToro (non-US only)

Pros: Relatively low fees, a variety of payment methods accepted

Cons: Not available in the United States, profits can only be withdrawn in fiat currency (i.e. USD, EUR, etc.)

The easiest way to buy Bitcoin with PayPal would be through eToro but only for a limited purpose: while the platform will allow you to buy bitcoins with PayPal, you will not be able to withdraw or send your bitcoins to other people, only to change them back to fiat currency (i.e., dollars or euros). In other words, eToro allows you to invest in Bitcoin rather than to buy the actual coin. However, this will soon change, as eToro is in the process of opening an exchange.

If you’re just looking to profit from price swings and don’t require the actual bitcoins, this is probably the easiest and cheapest way to go. If, however, you need the actual bitcoins to buy stuff or send them to another person, keep reading.

Keep in mind that if you use eToro, you don’t actually need a Bitcoin wallet, as they don’t supply you with the actual coins.

IMPORTANT!  cryptocurrencies can widely fluctuate in price and are not appropriate for all investors. Cryptocurrency trading is not supervised by any EU regulatory framework, your capital is at risk.


2. Buy Bitcoin with PayPal through Virwox

Pros: Reliable method that has been around for a long time

Cons: High fees

The only exchange that offers a way around the chargeback issues of buying bitcoins with PayPal is Virwox (Virtual World Exchange). Virwox does that by using a virtual currency called SLL (Second Life Linden Dollars) as a means of mediation. SLL is used in one of the biggest virtual worlds today, Second Life, and more importantly, SLL can be bought with PayPal.

The process is very simple: You buy SLL with PayPal and then trade them to bitcoins. Virwox circumvents Paypal’s restrictions with this method, as Bitcoins are not being sold directly. Rather, Virwox is selling you SLL with PayPal, for which they have a proof of purchase in case of a chargeback claim (unlike Bitcoin and its semi-anonymous nature). Here’s what the process looks like from start to finish:

Before we start: Virwox fees and conditions

  • For the initial deposit, Virwox limits the amount you can deposit through PayPal or by credit card because of the chargeback risk it’s taking on. Here are the exact limits according to the website (as of August 2018):

Virwox fees

  • This process holds higher transaction fees than usual. Nevertheless, this may be a valid solution if it’s your only option or when price fluctuations compensate for the fees. Don’t worry! To save you the headache, we’ve included a Virwox fee calculator further down in the post.
  • Virwox is delaying new user transactions for up to 48 hours. This means that it could take you up to two days to complete the purchasing process—still way faster than using a wire transfer.
  • If you don’t receive the bitcoins after 48 hours (which is very unusual) you can contact Virwox at [email protected]

A step-by-step guide to using Virwox

1. Go to Virwox and open a free account.

Click on “Not registered yet?” on the top of the left sidebar to open up a new account, as shown below:

buy Bitcoin with paypal - open account

2. Fill out your personal details.

Fill out your username and email address. Leave “Avatar Name” as “No Avatar.”

buy Bitcoin with Paypal - fill details

Continue filling out all of the personal details and click “register.”

3. Activate your account.

Once you click “Register,” you will get a confirmation email with your password. Open the email, copy the password, and log back into Virwox.

4. IMPORTANT: Change your password!

After you click the confirmation link, it is advised that you change your password as shown below, since you will be transferring money through the site.

buy Bitcoins with Paypal - change password

Don’t worry about the message saying, “Your avatar connection has not been validated yet”—it’s irrelevant.

5. Fund your account through PayPal.

Click on Deposit on the left side, and choose PayPal Express. Fund the account with USD/EUR or GBP depending on your preferred currency.

Fund account with Paypal
Note: For each transaction you will make there will be a fee. Make sure you are aware of the relevant fees for deposit and withdrawal. You can use the Virwox fee calculator we created to quickly calculate USD to BTC conversion when using Virwox.

6. Buy SLL with USD.

Go to “Exchange” > “USD/SLL” on the left side (or any other currency, depending on the currency you used for the deposit). Buy SLL.

USD/SLL exchange Bitcoin

Note: If you haven’t made a deposit yet, you’ll get the screen shown above requesting you to deposit before you buy SLL.

7. Buy BTC with SLL.

Once you have the SLL in your account, go to “BTC/SLL” and buy bitcoins with your SLL.

Buy Bitcoins with SSL

Important!!!

Sometimes a manual review will be required by Virwox after this step. This can take up to 48 hours, but usually it takes around six hours.

8. Withdraw your bitcoins.

Choose “Withdraw” on the left side, and send the bitcoins to your wallet.

How to withdraw Bitcoins

Buying with Virwox – Frequently asked questions:

Will this method actually work?

Yes. Having said that, I have received a handful of emails from people who weren’t able to get their bitcoins. All of them got their money returned. So yes, the process is a bit irritating, but I have been using this method since 2013 and it hasn’t failed me yet.

How much will be deducted from my deposit in fees?

This is probably the second-most asked question I get. It’s important to understand that when you buy bitcoins through Virwox, you are actually conducting two transactions: USD to SLL and SLL to BTC. This means you’ll need to pay a fee for each of these transactions.

The problem is that Virwox’s fee structure is always changing, which is why I’d advise you recheck each transaction before proceeding. To help you with this, we’ve created the fee calculator below.

Virwox fee calculator

To use the calculator, enter the amount of bitcoins you want to buy and find a rough estimate of how much USD it will cost. You can also enter an amount in USD and find out how many bitcoins you’ll be able to purchase.

Enter amount
USD
You’ll get
BTC

3. Buy Bitcoin with PayPal through LocalBitcoins

Pros: A wide variety of sellers from around the world

Cons: High fees, a chance of getting scammed

LocalBitcoins, unlike Virwox or eToro, is a marketplace where buyers and sellers connect directly. In other words, when you use LocalBitcoins, you’re dealing with an actual person, which means that the seller’s credibility is another thing to watch out for.  As for fees, sellers will usually charge a really big premium (often more than Virwox) since they’re taking a big risk of buyers charging back (see the explanation at the beginning of this post). The upside is that you will usually get your bitcoins faster.

A step-by-step guide to using LocalBitcoins

1. Enter your search parameters.

The first step will be to go to LocalBitcoins and enter how many bitcoins you want to buy and from which country. Since LocalBitcoins was originally made for people to meet face to face, there’s no “worldwide” search, which is a shame. This means there is no way to see all the sellers who are willing to sell worldwide and accept PayPal in a single search. You have to go through each country, one at a time.

2. Choose your seller.

On the next screen, you’ll see a list of available sellers, you can now browse them one by one. Here are the things to look out for: seller profile

Feedback score: Located under the seller’s name. It’s advised that you conduct transactions only with high-feedback sellers.

Trade limits: Each seller has a minimum/maximum amount of bitcoins they are willing to trade.

Payment window: How much time you have for sending funds and marking the payment done after you initiate a trade. It’s also super important to read the terms of trade for the specific seller located on the right side. Here’s an example:

terms of trade local bitcoins

Some sellers will require that you have an initial reputation in order to buy from them to avoid scams or fraud. This means that you might have to conduct some small transactions to build your reputation.

3. Complete the trade.

Once you’ve found your seller, just enter how many bitcoins you want to buy and click “Send trade request.”trade request

It’s crucial to conduct all communications within LocalBitcoins and preferably use their escrow services (which are triggered automatically for all online sales). While this method is generally faster than buying via Virwox, it may take some time to gain enough reputation and find a seller. Another thing to consider is that the premiums might get really high (they can reach up to 30%).


4. Buy Bitcoin with PayPal through Wirex

Pros: Medium fees

Cons: Requires a long time to complete (around 10 days)

Wirex is a company that supplies virtual and physical Bitcoin debit cards. Since it’s just like any other debit card, you can use Wirex’s card with your PayPal account.

A step-by-step guide to using Wirex

1. Order a physical or virtual debit card from Wirex

Go to Wirex. Click on “Request new card” and choose the type of card you want. It’s possible to buy bitcoins with PayPal using both physical and virtual cards.

ecoin request card

A virtual card should cost ~$3 and will be enough for this process.

2. Connect that debit card to your PayPal account and verify it.

Inside your PayPal account, go to “Wallet” > “Add a card” and add your newly acquired virtual Bitcoin credit card.

add paypal card

Once the card is added, you will need to verify it. In order to verify the card, you’ll need to have a balance of at least $3 on it so that PayPal will be able to charge you. Once PayPal charges you, you will see a four-digit code next to that transaction on your Wirex account. This four-digit code is the verification pin for your card on PayPal.

4 digit paypal code

3. Deposit funds to your PayPal account.

I’ll assume you know how to do that :)

4. Withdraw funds from your PayPal account to your Wirex account.

Go to “Wallet” > “Withdraw funds” and choose the “Withdraw funds to your card” option.

Paypal withdraw

Make sure to choose your Wirex card. The withdrawal can take up to seven days to appear in your Wirex account.

5. Buy Bitcoin with your funded Wirex debit card.

Now that your Wirex card has funds in it, you can use it to buy Bitcoin.

buy bitcoins ecoin

The whole process can take some time, as verifying your Wirex card with PayPal takes some time, and withdrawing the funds can take up to seven business days depending on where you live.


5. Buy Bitcoin with PayPal through Paxful

Pros: Wide variety of sellers from around the world

Cons: High exchange rate, the chance of getting scammed

Paxful is the smaller, lesser-known version of LocalBitcoins. It’s a peer-to-peer marketplace that allows you to buy Bitcoin with almost anything (e.g., Skype credits, Amazon gift cards). The process of buying bitcoins at Paxful is pretty simple:

  1. Create an account.
  2. Choose a payment method for buying and the desired amount.
  3. Choose your seller. You can either choose manually or let Paxful decide who is the best seller for you.

Once the trade initiates, you will be sent to an online chat with the seller, where you can finalize the deal. The seller’s bitcoins will be sent into escrow, and once you mark that you’ve sent your payment, they will be released into your account. Keep in mind that if you don’t finalize the deal within a certain timeframe (usually 30 minutes), the deal will be automatically canceled.


6. Using PayPal with Coinbase is no longer an option

While many people think this is possible, this option is no longer available. In the past, Coinbase allowed users to withdraw their USD balances to their PayPal accounts. However, since February 2018, Coinbase has disabled this option, and there’s no longer a way to connect your Coinbase and PayPal accounts.


7. Additional options not listed here

From time to time, I see many new sites that allow you to use PayPal for Bitcoin purchases. Personally, I’m very skeptical of such sites and advise you to treat them with caution. Reputation goes a long way when it comes to cryptocurrencies, and the methods I’ve described above have all been tried and tested by me. Moreover, the companies that are described in this post have been around for at least three years and have proven they are here to stay.


8. Conclusion: Buying Bitcoin with PayPal is still a mess

As you can see from this long post, there’s still no easy process that allows you to buy Bitcoin with PayPal, even as we near the end of 2018. My personal suggestion is to use a different payment method if possible—but if you have to use PayPal, get ready for some hefty fees.

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Breneka
Guest
Breneka

FK VirWox, they closed my account FOR NO SPECIFIC REASON.

jellytooth
Member
jellytooth

Hey, i know Virwox is Paypal verified. but i hear from people that if you trade much SLL linden dollars for paypal USD then paypal will close my account, because they might think that i got those SLL from bitcoins exchange. is it true???

pachalaa
Guest
pachalaa

What about bebit.fr/en ?

pashaseverin
Guest
pashaseverin

I wander, somebody played with x-crypto.com giving bitcoins with receiving funds by pay-pal? This web portal promises enormous offer price – €10010 for B coin; Can anybody confide this website?

ALT
Guest
ALT

hi Steven sound fair what you said and sorry for late reply .. i will be honest with u… i am the developer i posted there to see what black hat has a test … i am a computer scientist .. i also used to do seo before .. the website does exactly what i said and you can do bitcoin scam test. you just need to follow website rules. i am an on line seller also and i was using other platforms to exchange money etc so i decided to create my own its true it in initial stages,… Read more »

ALT
Guest
ALT

hi, i found the best system yet.. if someone has a better system please tell me. features: no verification your own wallet in 6 currencies including bitcoin and ethereum . free webshop low sales fees merchant 1.5% fee insternal transference fee 1.5% can create bank account can create visa or master card create voucher to offer or transfer money internationally can accept payment in eeewallet cash, paypal, bitcoin, banks eu and other 200+, credit card,perfect money, exmo, payeer, advcash … basically any type you want they accept and withdraw using the same. deposit and withdraw fees are are low cool… Read more »

Chris
Guest
Chris

As the writer pointed out getting bitcoin is not as easy as it could be. Watch for the company called Ethos. They will solve the problem of buying, selling and storing various tokens.

KAZ
Guest
KAZ

JChanger Bitcoin Exchange big scam !!
And still looking for trust website to buy bitcoin by PayPal or Neteller

Garland Valley
Guest
Garland Valley

If seeking another method of buying BTC through PayPal DO NOT USE XCoins.io it is a total rip off, no customer support whatsoever, I lost 250USD due to a glitch while transferring from paypal to XCoins for a purchase. Fees are outrageous

Sott Mckenzie
Guest
Sott Mckenzie

Pointless. In VirWox note there is a handling fee of 0.01 btc when you withdraw your btc to a btc wallet (current market value of 0.01 btc is US$170). So not only are you getting charged a fee to deposit with paypal, then a fee for exchanging USD for SLL, then a fee to exchange SLL to btc . . .if you are planning to buy about US$200, then you will lose it all to fees! This will only be worth it if you are planning on buying thousands of dollars (which is not worth the risk). In which case… Read more »