Did you know that the number of crypto users worldwide reached over 200 million this year? This just shows how easy it is to get started with digital coins. Thousands of exchanges have emerged today, making it so much easier for anyone to get their hands on crypto. In fact, nowadays, you can buy crypto with pretty much anything.
Bank transfers are the most common mode of payment when buying crypto. Major crypto exchanges and vendors from peer-to-peer marketplaces like Paxful prefer bank transfer payments as there are no chargebacks.
On the other hand, PayPal is one of the most widely used payment options among 184 online wallets supported by Paxful. Since it’s available almost everywhere, you can buy Bitcoin with PayPal right away.
In case you didn’t know, you can actually buy Bitcoin with gift cards too! There are vendors on P2P marketplaces who trade their crypto for unused gift cards from Google Play, PSN, Amazon, and 126 other brands.
These are just a few of the payment methods you can use to purchase crypto. And we bet you can even use the most popular ones in your country. So, are you ready to get your first fractions of Bitcoin? Let’s get you started.
How to buy small amounts of BTC
Bitcoin’s market value is over 44,000 USD at the time of writing (August 20, 2021). Contrary to popular belief, you don’t need to buy one whole of BTC to start trading. Bitcoin is a highly divisible digital currency, which means you can buy fractions of it. Paxful is one of the platforms where you can buy as little as 10 USD worth of BTC.
All you need is to create and verify your account and then follow these three simple steps to buy Bitcoin with your preferred payment method.
Step 1. Find an offer that matches your needs
On your Paxful account, select Bitcoin as your preferred cryptocurrency and input your preferences. You can choose from payment groups of bank transfers, online wallets, digital currencies, gift cards, goods and services, and cash for the mode of payment. For this example, let’s choose PayPal, one of the most popular payment options on the platform.
Enter the amount of BTC you want to buy, choose your preferred currency, then click Find Offers and a list of Bitcoin vendors will appear.
It’s best to choose an offer from sellers who are most active on the platform and are always ready to trade. This will make trading faster and easier for you. It’s also important to check a user’s reputation scores—the higher the positive feedback, the better.
Step 2. Start the trade
Once you find a reputable vendor, click Buy. You’ll then be redirected to the Offer Page, where you’ll be asked again to input the amount you’re willing to pay and the currency you want to use. The amount of BTC you’ll receive will appear just below.
Before you proceed, scroll down a little further to quickly go over the seller’s trade instructions and requirements. If you agree to the trade terms, click Buy now. This will then open a live chat where you can discuss all transaction matters with your trade partner.
Once you’ve sent all the information requested by the seller and completed the payment, mark the trade as Paid and wait for it to be verified.
Step 3. Wait for your BTC to be released and leave feedback to your trade partner
After your trade partner verifies your payment, the BTC will be released from escrow and sent to your account. And that’s it! You’ve just bought Bitcoin using PayPal.
You’ll never run out of options
We told you, buying Bitcoin is that easy. And the best part is that there are zero fees on Paxful when you buy Bitcoin using any payment method.
*Paxful has no relation to PayPal or any other financial services providers. We make no claims about being supported by or supporting these services. Their respective wordmarks and trademarks belong to them alone.