Thursday, Mar 28 2024 | Time 22:14 Hrs(IST)
image
Press Releases » Business Wire India


5 PLATFORMS THAT ALLOWS TO BUY CRYPTOCURRENCY THROUGH PAYPAL

There’s good news that came directly from PayPal who is now accepting bitcoin as its monetary channel. It had announced that all the residents of the U.S would be now able to transact in bitcoin, However, the announcement has already been made in October 2020.

WHAT ARE SOME GREAT CRYPTOCURRENCIES THAT ARE ACCEPTABLE?

The digital coins which are accepted by PayPal are Litecoin, Bitcoin Cash, linked with the digital wallet system. PayPal is following the crypto buying system with its associated partner Venmo, now we will be seeing what are those top five ways to make the payment in PayPal with all the terms and conditions applied. If you are interested in bitcoin trading you should invest in crypto and know the factors to be taken care of.

HOW TO TRANSACT WITH PAYPAL?

Every digital transaction starts with making an account at a particular digital platform and then setting your debit or credit card along with it.

STEP1: OPENING A DIGITAL ACCOUNT

Start with opening a PayPal account and then link it with any of your bank cards, either credit card or debit card or also can provide your authentic bank account details with a proper email address.

STEP 2: SELECTING THE BTC CATEGORY FOR TRANSACTION

BTC (Basic training certificate) is a kind of digital allowance with the help of which an individual can trade in the open-source technology of any digital blockchain network, which is based on peer-to-peer connection.

Now for buying or selling a BTC either from PayPal or PayPal app, you have to navigate over the top of that particular software version with a section called ‘Buy bitcoin or more”.

Click on that section and choose the type of cryptocurrency you want to purchase, like Bitcoin, Litecoin or Ethereum, all these popular currencies are available with full-length details about their features and trading system by PayPal. It is only to help the beginner digital trader and to make him familiar with the process.

STEP 3: SETTING THE MINIMUM AMOUNT FOR BUYING A CRYPTOCURRENCY

The minimum amount which is allowed to buy a cryptocurrency is one dollar and the maximum coin which can be traded in a week is 10 by 10 which is up to 100 dollars. You can easily complete this process by agreeing to some specific terms and conditions laid by PayPal.

STEP 4: SCREEN DISPLAYS WITH A NOTE ABOUT BUYING A CRYPTOCURRENCY

When you are all set to buy a cryptocurrency after entering the amount, a pop-up note appears over your screen talking about the current exchange rate or any market-related updates. Read this thoroughly and understand the market value.

STEP 5: REVIEWING YOUR PURCHASE

After you make a payment, your PayPal account displays the amount to which you can review for verification, here you can see the transaction fees which range from 50 per cent to 25 dollars and charges one and a half percent for thousand dollars. You can return to the home page and check your purchase option under crypto buy or sell.

THE FIVE PLATFORMS TO TRANSACT WITH PAYPAL:

PayPal has also added the corner for accepting the transaction from other party wallets. However, it is not implemented but would be in the future, therefore let’s find some platforms which let to use PayPal for buying cryptocurrencies:

1.     COINBASE: Coinbase has introduced a corner under ‘add payment’ through which you can choose the way to pay between Coinbase account or through PayPal account, after selecting the PayPal, add your PayPal linked bank cards or account for making a purchase.

2.     ETORO: Choose the depositing fund option as a PayPal account, then select the amount needed for purchasing and then you are free to trade.

3. LOCALBITCOINS: It uses a peer-to-peer network for directly connecting to sellers and PayPal is accepted.

4.     MARKETS.COM: Markets.com is a U.S based website that allows more than 2000 digital payment instruments and PayPal is one of them.

5.  XTRADE: It uses CFD and broker system to trade in cryptocurrency, and offers a wide range of payment methods in which PayPal is also included.

FINAL THOUGHTS:

So these are some ways through which a person can learn and trade through PayPal, which is the most secure and a bit anonymous payment method that lets you navigate an easy payment process.

More News
Motorola’s New TVC Brings Alive ‘Intelligence Meets Art’ Starring Brand Ambassador Kriti Sanon and Introducing Babil Khan as moto AI Ally for the Launch of motorola edge50 Pro

Motorola’s New TVC Brings Alive ‘Intelligence Meets Art’ Starring Brand Ambassador Kriti Sanon and Introducing Babil Khan as moto AI Ally for the Launch of motorola edge50 Pro

28 Mar 2024 | 4:52 PM

Motorola’s New TVC Brings Alive ‘Intelligence Meets Art’ Starring Brand Ambassador Kriti Sanon and Introducing Babil Khan as moto AI Ally for the Launch of motorola edge50 Pro

see more..

Ujjivan Small Finance Bank Ties-up with Veefin Solutions Ltd to Offer Better Supply Chain Finance Offerings to MSMEs

28 Mar 2024 | 3:27 PM

Ujjivan Small Finance Bank Ties-up with Veefin Solutions Ltd to Offer Better Supply Chain Finance Offerings to MSMEs

see more..
JISA Softech Secures MoU for Advanced Hardware Security Module, Moving Towards Atmanirbhar Bharat in Security Chip Development

JISA Softech Secures MoU for Advanced Hardware Security Module, Moving Towards Atmanirbhar Bharat in Security Chip Development

28 Mar 2024 | 12:04 PM

JISA Softech Secures MoU for Advanced Hardware Security Module, Moving Towards Atmanirbhar Bharat in Security Chip Development

see more..

Royal Sundarams Innovative Smart Save Add-on: A Rising Need

28 Mar 2024 | 10:00 AM

Royal Sundarams Innovative Smart Save Add-on: A Rising Need

see more..
Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

28 Mar 2024 | 8:00 AM

Minfy Signs Multi-Year Strategic Collaboration Agreement with AWS to Support US$500 Million in Global Business Growth

see more..
image