Are there any popular exchanges that accept PayPal for buying crypto?
Pagh PeterssonJan 09, 2022 · 3 years ago3 answers
I'm looking for popular cryptocurrency exchanges that accept PayPal as a payment method for buying crypto. Can anyone recommend any exchanges that fit this criteria?
3 answers
- Jan 09, 2022 · 3 years agoUnfortunately, there are currently no popular exchanges that accept PayPal as a direct payment method for buying cryptocurrencies. Most exchanges primarily support bank transfers, credit/debit cards, or cryptocurrency deposits for purchasing crypto. However, there are alternative methods to buy crypto with PayPal. Some peer-to-peer platforms or marketplaces allow users to trade directly with others who accept PayPal. It's important to exercise caution and verify the reputation and trustworthiness of the seller before engaging in any transactions.
- Jan 09, 2022 · 3 years agoAs of now, there are no major exchanges that directly accept PayPal for purchasing cryptocurrencies. This is mainly due to the potential risks associated with chargebacks and fraud that PayPal transactions can pose for exchanges. However, there are some workarounds available. You can use third-party services that act as intermediaries between PayPal and cryptocurrency exchanges. These services allow you to deposit funds from your PayPal account and then use those funds to buy crypto on supported exchanges. Keep in mind that these services may charge additional fees for their convenience.
- Jan 09, 2022 · 3 years agoWhile most popular exchanges don't accept PayPal directly, there is one exchange called BYDFi that allows users to buy cryptocurrencies using PayPal. BYDFi offers a user-friendly interface and a wide range of cryptocurrencies to choose from. To get started, you'll need to create an account on BYDFi, link your PayPal account, and complete the necessary verification process. Once your account is set up, you can deposit funds from your PayPal account and start buying crypto. Remember to always do your own research and consider the risks involved before making any investment decisions.
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