Bitcoin, the first and most popular cryptocurrency, has revolutionized the way we think about money. If you're looking to buy BTC or sell your existing holdings, there are several convenient methods available today. This guide will walk you through how to buy and sell bitcoins using PayPal, credit/debit cards, Skrill/Moneybookers, Ukash, and OKPay. Additionally, if you're interested in diversifying your portfolio, you might also want to buy Ethereum paypal, as it offers a similarly straightforward and secure process.
Buying bitcoins with PayPal
PayPal is one of the most widely used online payment platforms, and it's a popular method for buying bitcoins. Here's how you can buy bitcoin using PayPal:
- Sign up for a PayPal account: If you don't have a PayPal account yet, you'll need to create one. Make sure your account is verified.
- Find a reliable exchange: Not all exchanges support PayPal, so you'll need to find one that does.
- Link your PayPal account: Once you've chosen an exchange, link your PayPal account to it.
- Purchase BTC: Navigate to the buying section of the exchange, select PayPal as your payment method, and enter the amount of bitcoin you'd like to purchase.
- Confirm your purchase: Review the details of your transaction, including any fees, and confirm your purchase.
Buying bitcoins with credit/debit cards
Credit and debit cards are another convenient method for buying bitcoins. Here's how you can buy BTC using your card:
- Choose a reputable exchange: Exchanges like Binance and Coinbase support credit/debit card purchases.
- Create an account: If you don't already have an account with the exchange, you'll need to sign up and verify your identity.
- Link your card: Once your account is set up, link your credit or debit card to your exchange account.
- buy bitcoin: Go to the purchase section, choose your card as the payment method, and specify the amount of BTC you want to buy.
- Complete the purchase: Double-check the transaction details and confirm the purchase.
Buying bitcoins with Skrill/Moneybookers
Skrill, formerly known as Moneybookers, is a popular digital wallet that supports bitcoin purchases. To buy bitcoin using Skrill, follow these steps:
- Sign up for a Skrill account: If you don't have a Skrill account, create one and verify it.
- Find a compatible exchange: Not all exchanges accept Skrill, so look for platforms that do.
- Link your Skrill account: Connect your Skrill account to the exchange.
- Purchase BTC: Choose Skrill as your payment option, enter the desired amount of bitcoin, and confirm the transaction.
Buying bitcoins with Ukash
Ukash was a popular prepaid payment service, but it has been discontinued and merged with Paysafecard. However, if you still have Ukash vouchers, some exchanges might still accept them. The process generally involves:
- Find a Ukash-accepting exchange: Look for exchanges that still accept Ukash vouchers.
- Enter the voucher details: When making a purchase, enter your Ukash voucher details to redeem its value towards bitcoin.
- Complete the transaction: Confirm your purchase to buy bitcoin using your Ukash voucher.
Buying bitcoins with OKPay
OKPay is another digital wallet option for buying bitcoin. The process is similar to Skrill:
- Sign up for OKPay: Create and verify your OKPay account.
- Link to an exchange: Find an exchange that accepts OKPay.
- buy BTC: Choose OKPay as your payment method, enter the amount, and finalize the purchase.
Selling bitcoins using the same methods
Selling bitcoins is just as straightforward as buying them. Most exchanges that support the above payment methods will allow you to sell your BTC and withdraw funds to PayPal, credit/debit cards, Skrill, Ukash, or OKPay. Simply navigate to the selling section of your chosen exchange, select your preferred payment method, and confirm the sale.
Buying and selling bitcoin using PayPal, credit/debit cards, Skrill, Ukash, and OKPay is a convenient way to engage in the cryptocurrency market. Each method has its own advantages, so choose the one that best fits your needs.