Now, earn more with Coinmine Interest. Plus, new lower price of $699!

Where To Buy Bitcoin With PayPal — And Why You Shouldn't

So you want to buy Bitcoin with PayPal, huh? Well, you've come to the right place, because today we're going to be showing you where to do just that — be warned, though: It isn't without its risks. If you can use a credit card instead, do that.

Believe it or not, buying Bitcoin with PayPal is about as easy as fitting a whole watermelon into a blender; it's possible, but it will take some time to find one that's able to handle the load if you decide against breaking it into smaller, more digestible chunks.

The same can be said for Bitcoin if you want to buy a sizeable amount (1 BTC or more) using your PayPal Balance. That's because the primary method of purchasing the Bitcoin with Double P is through an online peer-to-peer marketplace called Local Bitcoins.

Related: Where Can You Spend Bitcoin?

There, you'll find people selling off small batches of Bitcoin. Sure, you can request higher amounts, but most the time you're going to want to trade smaller amounts to avoid being caught out by a beady-eyed scammer looking to make a quick buck ... or two.

That's the main reason you should avoid purchasing Bitcoin with PayPal, unless you absolutely have to ⁠— it's incredibly risky, and given the illicit activities often associated with Cryptocurrency, it won't be long until someone runs off with your cash.

Want to learn more about Cryptocurrency? Check out our Beginner's Guide.