How to Turn Bitcoin into Cash Using PayPal Account
Bitcoin is a cryptocurrency that is gaining popularity throughout the world as people can buy this currency as an investment and can later sell it too if required. Due to its increased popularity, PayPal also started providing services related to bitcoin in October 2020. If you wonder How to Turn Bitcoin into Cash using a PayPal account, then the platform of PayPal itself Is the biggest supporter, but PayPal provides buying and selling services of Bitcoin only in the US. Currently, PayPal is supporting only four cryptocurrencies Including Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. To sell Bitcoin from PayPal directly, just go to your home screen in your account, and click on “your crypto”. Enter the amount you want to sell and click the “sell” button, after selecting this option just click “next” and again click “sell now”. You can also buy Bitcoin with PayPal instantly by following the same procedure, but with little variation. Go to the crypto landing page and select bitcoin, now enter the amount you want to buy, and confirm the transactions.
You can also exchange Bitcoin for dollars using different exchanges. Coinbase is one of the most popular exchanges and works as a Bitcoin PayPal converter as you can get dollars in exchange for Bitcoin. This feature will only work if PayPal is supported in your region. Go to Coinbase and create an account, after registration connects your Coinbase account with the PayPal account. Now you can easily turn bitcoin into cash. Currently, the USA, Canada, and some other regions support this feature, but several other platforms are available throughout the world to facilitate customers.
Paxful is another popular and reliable cryptocurrency exchange and unlike Coinbase it does not have any limit on the minimum and maximum transactions. Register yourself on a Paxful account and link it with your PayPal account to Buy Bitcoin with PayPal Instantly. Once the whole registration process is completed, go to the list of sellers and try to select someone with a good reputation. You can also chat with the person and enter the desired amount you want to sell. Now deposit the Bitcoins and after some time you will receive your funds or dollars into your PayPal account. You can use the platform of Local Bitcoins. This platform connects buyers with sellers and the medium of payment can be PayPal, as per the wish of the seller. Anyone with PayPal accounts and Bitcoins can avail of these services to benefit themselves, and the procedure to exchange Bitcoins for dollars is also very easy.