If you have been hoping to get in on the BitCoin gold rush going on right now, but haven’t been able to find an easy way to load up with as much BitCoin as you would hope to have – especially as prices continue to skyrocket higher and higher, making early investors a bundle of money along the way – hopefully this quick guide is going to be able to give you all of the inside information you need to buy BitCoin with your PayPal account much faster and much more effectively than you might have been able to before.
Use these tips and tricks to load up on BitCoin now while it still presents a fantastic value. Just a year ago, BitCoin was trading at around a few hundred dollars per coin and this summer it went up to $5000 a coin – and it’s now near $7000 a coin – and you don’t want to miss the bus on an investment that could go up to $100,000 per coin or more later down the line.
Here’s how to fill up your BitCoin wallet with as much of this investment opportunity has you are looking to grab, all with your PayPal account!
Find a reliable BitCoin / PayPal exchange to work with
The very first thing you are going to have to do is find yourself a reliable BitCoin exchange that you are actually going to be able to create an account with, setting up your very first “BitCoin wallet” so that you can start trading this commodity and currency.
There are a lot of really popular BitCoin exchanges out there, with most of the best BitCoin exchanges also giving individuals the opportunity to invest in a whole host of other crypto currencies as well. BitCoin is the most popular of all the crypto currencies right now, but there are a couple of other options that are skyrocketing in value as well and may be smart moves for savvy and strategic investors to jump on board before they have their value shoot through the roof the way that BitCoin did.
Professional and reliable BitCoin exchanges are going to ask you to provide some personal and private information, but none will ask you information about things like your Social Security number. You’ll need to do your research and your due diligence to be sure that you are only ever working with a legitimate BitCoin exchange and BitCoin wallet, especially if you’re going to be connecting any of your bank accounts, your PayPal account, or major credit cards with them.
Google is your best friends when it comes to finding a proper exchange, and the very best exchanges are also going to have well-regarded and well reviewed mobile applications for iOS and Android devices. Be sure to connect with a company you can trust in half the battle is already won.
Load up your PayPal account with the money that you want to invest
To actually use your PayPal account to purchase BitCoin or other crypto currencies you’re going to first need a PayPal account as well as money in that PayPal account to use for your investments.
You’ll want to set up a PayPal business account if you have the opportunity to do so (100% free of charge), specifically because it’s going to allow you to apply for a PayPal business debit card that you can use with ANY of the major BitCoin exchanges out there on the market today.
You may have to wait between 30 days and 60 days until your account is approved for that PayPal business debit card, this is easily the fastest way to use PayPal to fund your BitCoin investments. This is because all exchanges will accept a major credit card, and the PayPal business debit card is backed by MasterCard so you don’t have anything to worry about in that department
To make sure that you have access to all of the money that you want to invest in, make sure that you have also linked your bank account to your PayPal account so that you can use it as a reserve platform if you want to go all in on a BitCoin position without having the money already in your PayPal account and ready to roll. PayPal will process the transaction and then pull the money from your linked bank account, and you’ll be able to jump on top of the unique opportunities in the world of BitCoin along the way.
Find CryptoCurrency exchanges that use PayPal as a payment option
Some of the legitimate BitCoin wallet and exchange options on the market today will allow you to use PayPal as your primary purchasing account in the first place, but you will have to do a little bit of digging in a little bit of due diligence to find legitimate operations that accept PayPal.
More and more BitCoin exchanges are opening up the ability to utilize your PayPal balance to purchase BitCoin on a daily basis, but not all of them have rolled out this kind of infrastructure just yet. If you’re doing business with a BitCoin exchange that has yet to enable PayPal payment options, consider opening up support tickets or contacting the customer service desk to tell them that you’d like to be able to use PayPal you might be able to get the ball rolling in that direction.
At the end of the day, funding your BitCoin investments isn’t quite as simple or as straightforward as purchasing traditional stock using a trading account – but it’s pretty easy, pretty straightforward, and pretty simple all the same.
Hopefully you’ll be able to use the details included above to inform your BitCoin trading with PayPal, getting your hands on BitCoin at the right time, riding the wave of exponential growth, and cashing out on this fantastic investment opportunity to create the financial future that you have always dreamed of. BitCoin offers a unique chance to get on the ground floor of a brand-new investment vehicle that’s never existed before, and it’s impossible to know what the value of BitCoin is going to look like down the line – but the future is very, very bright.