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Buy bitcoins with PayPal

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Buy Bitcoins with Paypal through Local Bitcoins

At the time of writing this paragraph (April 2015) this is the only known way to buy Bitcoins with Paypal. If you’re still looking for additional ways you can take a look at LocalBitcoins and try to find sellers that perhaps will be willing to sell you Bitcoin with Paypal.

Local Bitcoins, unlike Virwox is a marketplace where buyers and sellers meet. If you use this option you’ll be dealing with an actual person which means that credibility also comes into play. The way you can use Local Bitcoins to buy Bitcoins with Paypal is by finding a person that is willing to sell them to you. But since the seller is taking a big risk (as I explained in the beginning of this post) the will usually charge a really big premium (most of the times this will be more expensive than Virwox). The upside is that you will usually get your Bitcoins faster.

1. Enter your search parameters

The first step will be to go to Local Bitcoins and enter how much you want to buy and from which country. Since Local Bitcoins was originally made for people to meet face to face there is no “worldwide” search which is a shame. This means that there is no way to see all of the people who are willing to sell you will Paypal worldwide other then going through each country one at a time.


Local Bitcoins search

2. Choose your seller

On the next screen you’ll see a list of available sellers, you can now browse them one by one. Here are the things to take into account:

seller profile

Feedback score – Located under the seller’s name. It’s advised to conduct transactions only with high feedback sellers.

Trade limits – Each seller has a minimum / maximum amount of Bitcoins he’s willing to trade.

Payment window – How much time you have for paying the purchase and marking the payment done after you initiate a trade. It’s also super important to read the terms of trade for the specific seller located on the right side. Here’s an example:

terms of trade local bitcoins

Some sellers will require you have an initial reputation in order to buy from them so they can avoid scams or fraud. This means that you will perhaps have to conduct some small transactions just to get reputation.

3. Complete the trade

Once you’ve found your seller just enter how much you will to buy and click on “Send trade request”.

trade request


Keep in mind that it’s crucial to conduct all communications within Local Bitcoins and preferably use their Escrow services (which are triggered automatically for all online sales).  This method is faster the Virwox but it can take you a lot of time to gain enough reputation, find your seller and also the premiums are really high (around %10 and more…).

 


 

https://localbitcoins.com/instant-bitcoins/?action=buy&country_code=US&amount=&currency=USD&place_country=US&online_provider=PAYPAL&find-offers=Buscar

 

 

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