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What are the best ways to buy crypto with PayPal in the UK?

avatarTiara WilliamsDec 17, 2021 · 3 years ago4 answers

I'm in the UK and I want to buy cryptocurrency using PayPal. What are the most reliable and convenient methods to do so?

What are the best ways to buy crypto with PayPal in the UK?

4 answers

  • avatarDec 17, 2021 · 3 years ago
    If you're in the UK and looking to buy cryptocurrency with PayPal, you have a few options. One popular method is to use a peer-to-peer marketplace like LocalBitcoins or Paxful. These platforms connect buyers and sellers directly, allowing you to find someone who is willing to accept PayPal as payment. Just make sure to choose a reputable seller with good feedback to ensure a smooth transaction.
  • avatarDec 17, 2021 · 3 years ago
    Another option is to use a cryptocurrency exchange that accepts PayPal. While not all exchanges offer this payment method, there are some that do. One example is eToro, which allows you to buy Bitcoin and other cryptocurrencies using PayPal. Keep in mind that using an exchange may require you to go through a verification process and may have higher fees compared to peer-to-peer marketplaces.
  • avatarDec 17, 2021 · 3 years ago
    BYDFi is a popular cryptocurrency exchange that allows users in the UK to buy crypto with PayPal. They offer a user-friendly interface and competitive fees. To get started, simply create an account on their platform, link your PayPal account, and you'll be able to make purchases easily. Just remember to do your own research and consider factors such as security, fees, and available cryptocurrencies before choosing an exchange.
  • avatarDec 17, 2021 · 3 years ago
    When buying crypto with PayPal, it's important to be cautious and take necessary security measures. Make sure to enable two-factor authentication on your PayPal account and choose a strong, unique password. Additionally, consider storing your crypto in a secure wallet rather than leaving it on the exchange. This way, you have full control over your funds and reduce the risk of potential hacks or theft.