Bitcoins are a kind of cryptocurrency which can be sold, bought or exchanged along with being used in buying a variety of things. This cryptocurrency has been gaining more and more popularity since then. There are many interesting aspects of bitcoins and their utility which makes it a topic to discuss.
PayPal is a means by which you can do various transactions. This is basically a way by which you can make or receive online payments from a personal account or a business. One of the simplest methods to pay via PayPal is entering your debit or credit card details in the PayPal option. Do it when it flashes on your screen while making any payment. You can even directly add your bank details in the PayPal category to proceed with simple payments. However, there is also something which you might not be aware of.
Things to know about Crypto to PayPal Transfer
If you own some amount of cryptocurrency, it is possible to transfer that in your PayPal account. You can make its use for your future payments. Given below are the 10 important things to know about it: –
- You must know an important thing about Bitcoin to PayPal transfer. There are no direct ways available to aid in the transfer process. That is, you cannot directly transfer the bitcoins you own into the PayPal account. The layman’s way is to cash out the bitcoins first and then transfer into the PayPal account.
- For the cash-out process, you would need to withdraw them to your bitcoin wallet. Once you do that, you would need to sell them out for getting the real money against it. For selling, you could consider searching for someone who deals in it. You can look for an exchanger who can offer you a value of money for the bitcoins you own. Another option is that you can sell it to someone who is looking for buying these bitcoins.
- In 2016 Coinbase announced that transfer conversion of bitcoins to the USD dollars would be available with much rapidness. After moving bitcoins in the Coinbase account, you can withdraw them as USD directly to your PayPal account.
- The process, though being very simple, requires you to follow certain steps properly. You must have a Government ID for this purpose. During the process, the verification of the ID is completed. Also, it requires a particular amount of fees against each withdrawal, i.e. 3.75% sell fee. This method is one of the fastest, as well as the safest method. You may use it for withdrawing bitcoins as US dollars into the PayPal account.
- The simple procedure of this method includes certain steps. Move the bitcoins that you wish to sell into the Coinbase account first. You will be shown options such as buy or sell bitcoins. Out of these, you would choose to sell for converting it into real currency. Decide on how many bitcoins you wish to convert into the USD. Then, you must enter the number and proceed with the transfer by choosing PayPal as your payout method.
- There is one more important thing that you must check while making the bitcoins transfer into the USD. You must check whether the exchanger you wish to consider is safe or not. It is indeed necessary for you to do thorough research before you think of relying on any random source. There are fair chances of meeting the scam exchanges too and suffering losses. Also, beware of the fraud exchangers who can potentially steal your password and other personal information too.
- There are not only one or two exchangers available for converting the bitcoins into USD. If you search on the web, there are numerous exchangers available who deal in the bitcoins. Thus, you must choose the best one out of all which suits your requirements. There is one crucial factor, based on which you need to choose an appropriate exchanger. It is to look at the value they are offering you for the bitcoins. Each exchanger would have a different exchange rate. You must consider choosing the one which offers high rate.
- Reviews are often given by the number of people who have undertaken such transfer in the past. You can refer to those reviews and decide on which would be a better exchanger for you. You must avoid choosing the one which has been given poor reviews by the users. You must stay conscious of the frauds involved. For this, it would be better if you rely on the trusted source. Someone who can provide you with information about Bitcoin to Pay Pal transfer and renowned exchangers.
- There is another important factor to consider while exchanging bitcoins to USD PayPal account. It is to check whether the exchanger is valid as per the rules and regulations of your country. There will be no point in availing the services of the exchanger who is not allowed in your country. Thus, you must make sure that the particular bitcoin to PayPal transfer method is valid in your country.
- There is one wonderful option that you must look at, for getting guidance over converting your bitcoin amount into USD via the PayPal account. It is the one, which is a productive means by which you would get all the details of the various exchanges available. You would be able to see a complete list of exchangers. This includes the ones which offer the best value for bitcoins are featured on the top.
Are you looking for reliability as well as the best value of your bitcoin amount? You would get to experience enormous exchangers here with a different value of bitcoins to real money. Choose the best exchanger depending upon the benefits offered by it. Click here to know more about the wide list of bitcoin exchangers given on the official website of Best Exchange. Enjoy the best experience of Bitcoin to Paypal transfer. After all, every bitcoin has a gem value, and you should be bestowed with the same!