How to Buy Bitcoin on PayPal (Desktop & Mobile - 2021)

How to Buy Bitcoin on PayPal (Desktop & Mobile - 2021)

In 2021, it is possible to purchase bitcoin through PayPal, however there are a few things to keep in mind.

To buy bitcoin on PayPal, you will need to:

• Create a PayPal account if you don't already have one
• Set up 2-factor authentication for added security
• Link a bank account to your PayPal account
• Find a reputable exchange that supports PayPal
• Verify your identity with the exchange
• Purchase Bitcoin using PayPal

Step 1: Create a PayPal Account

To purchase bitcoin on PayPal, you will first need to create a PayPal account. To do this, go to PayPal.com and click on the ‘Sign Up’ button.

Next, you will need to enter your personal information and select a username and password. You will also need to enter a valid credit or debit card number.

Once you have completed all of the information, click ‘Create Account’.

Step 2: Set Up 2-factor Authentication

To further secure your PayPal account, you should set up two-factor authentication. With two-factor authentication, you will receive a code via text message for every login attempt.

To set up two-factor authentication on PayPal, log into your account and select ‘Security and Login’ from the menu. Once there, select ‘Set Up’ to begin.

Follow the instructions on-screen to complete the setup process.

Step 3: Link a Bank Account to Your PayPal Account

Once you have created your PayPal account and set up two-factor authentication, you will need to add a bank account to your PayPal account.

To do this, click on the ‘Wallet’ link in the main menu and select the ‘Link a Bank’ option. Then follow the instructions on screen to link a bank account to your PayPal account.

Step 4: Find a Reputable Exchange That Supports PayPal

Now that you have a PayPal account and have linked a bank account, it’s time to find an exchange where you can buy bitcoin using PayPal.

When choosing an exchange, you should keep several factors in mind. First, make sure the exchange is reputable. You should also make sure the exchange supports PayPal as a payment method.

Step 5: Verify Your Identity

Once you have found an exchange, you will need to verify your identity. This is usually done by uploading a copy of your driver’s license or passport.

The exchange may also require additional documentation, such as a proof of address.

Step 6: Purchase Bitcoin Using PayPal

Once you have verified your identity, you can begin the process of buying bitcoin with PayPal. To do this, select PayPal as your payment method.

You will then be prompted to enter your PayPal username and password. Once you have done this, your exchange will initiate the transfer.

Once the transfer has been completed, you will have purchased bitcoin using PayPal.