You’ll have to provide personal information such as name, photo of your passport or ID. Validation of your account – In order to get a validation of your account, you’ll probably need to do a Know Your Customer process. This is why they can set certain limits to your activity such as a minimum or maximum withdrawal limit. You are not in control as you are not the true owner of your crypto – the exchange is. Once payment is processed, your Bitcoin are directly sent by the partner you have chosen to the security of your hardware wallet. You can buy Bitcoin directly on Ledger Live from our partners Coinify and Wyre. However, recently PayPal has become more favorable of Bitcoin.
![paypal bitcoin paypal bitcoin](https://block-builders.net/wp-content/uploads/2020/10/PayPal-Bitcoin-Litecoin-ethereum-678x381.png)
Until recently, there were limited options to buy Bitcoin with PayPal, mainly due to chargeback issues (here’s a short video illustrating this). Another option is via LocalBitcoins, though this method requires you to find a seller you can trust. For users who mainly wish to speculate on price and aren’t looking for access to the actual coins. 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. LocalBitcoins, unlike eToro, is a marketplace where buyers and sellers connect directly. Since this platform matches lenders with buyers, the fees are relatively high.
![paypal bitcoin paypal bitcoin](https://coincado.com/wp-content/uploads/2020/05/how-to-buy-bitcoin-with-paypal-tutorial.jpg)
It’s also worth mentioning that this option is currently only available for US users, with more countries due to be added over time.
#PAYPAL BITCOIN HOW TO#
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![paypal bitcoin paypal bitcoin](https://1.bp.blogspot.com/-KC5LqOfIICs/Vy79OXDVYeI/AAAAAAAADSk/EWyNGSVM0TccLohOo6XfFl60Pg-v0ce7QCLcB/s1600/IMG-20160508-WA0031.jpg)