Wondering why you have suddenly landed on an article that talks about buying Bitcoin With PayPal while traveling? For the typical person, this might seem pretty counter-intuitive. But there are many countries around the world where digital currency has become the currency of choice when it comes to traveling abroad. Some of the popular reasons why people prefer crypto currency over fiat currencies are –
It cuts the cost of exchanging currencies
The red tape that one has to go through the traditional methods of securing foreign currency is enough to make crypto currency a favorite choice. With Bitcoin, you just need to transfer the currency into your debit card. Your coins will be instantly exchanged with the fiat currency of the country that you are in. No more worries about exchanging currencies or money transfer.
Keeping a Backup Form of Currency
A Bitcoin Wallet can be stored via an app on your phone. Tourists become an easy target of pick-pocketing. If you are a tourist and have faced pick-pocketing, then a cryptocurrency wallet can help you to draw cash via a Bitcoin ATM during such times of emergency.
Avoid Fraudulent Activities
Bitcoin multi-signature wallets can save you from digital thefts. To access such wallets, you will need to have two or three security keys.
Enough talking about the good points. Let us now talk about how to get Bitcoins.
You can get Bitcoins via PayPal now. But first you will need to find a reputable exchange platform where you can make a deposit using PayPal. These can be trading platforms, peer-to-peer lending platforms, and marketplaces. There are many brokers who do not accept PayPal deposits. And again some do. Etoro is a reputed trading platform that allows you to make a deposit via PayPal. Another reputed trading platform known is Paxful that allows sellers and buyers to directly trade with one another. However, now all sellers are likely to prefer PayPal as a medium of money transfer. You will have to look for sellers who do accept.
Using Etoro to Connect To Your PayPal account
Etoro is easy to use. You can find more about the details from the official website if you are interested to use Etoro. If you are looking for help in how to deposit money in your Etoro account via PayPal to buy Bitcoins, please go through the steps below –
- Visit Etoro to create your account.
- You will need to verify your account, after which you can connect with your PayPal account to deposit money in your trading account.
- Go to Bitcoin and select the amount that you want to buy.
- The Bitcoins are added to the Etoro portfolio.
You have successfully purchased Bitcoins now and you can now go ahead to make any digital transactions done.
