Last Updated on 11 months by Komolafe Bamidele
If you’re looking for how to buy bitcoin with PayPal, Amazon Gift Cards, and Debit cards, then you’re on the right page.
Is it possible to directly buy bitcoins with PayPal or Amazon Gift Cards and Debit cards?
There is really no straightforward answer to this question, so I’m going to break everything down for you to understand.
Can I Use PayPal To Buy Bitcoin?
The short answer to this question is yes. There are several cryptocurrency exchange sites that accept PayPal as a method of payment.
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All you have to do is sign up on any of these sites and when purchasing bitcoins choose PayPal as your mode of payment.
Top 5 Reliable Website To Buy Bitcoins With PayPal
Below are some trusted sites that allow you to buy bitcoin with PayPal account.
Localbitcoins is one of the best places convert PayPal to Bitcoin. On the marketplace, you can purchase bitocin using PayPal without warring about security, hiccups, and chargebacks.
While on this site, you need to be extra careful when picking the seller you’re going to purchase from. Localbitcoins only acts as a medium for exchange and does not sell bitcoins.
Always look out and buy only from credible sellers. To know if a seller is credible, click on the seller’s name and you will find feedback and trade volume on his page.
In the picture below, you can see that our seller “dougblazers” is trusted by 30+ people and blocked by none which shows he is trustworthy. Also, he has been verified by email, phone number, and ID.
Coinbase is one of the most popular exchange sites and probably the best option if you’re living in the USA or in Europe.
Coinbase is easily one of the most trusted and easiest bitcoin exchange sites to use. On the site, you can easily buy bitcoin with PayPal and expect a smooth transaction.
Paxful is another popular exchange site where you can purchase Bitcoins using PayPal.
One of the best things about Paxful is that it is user-friendly, so you can easily make purchases even if you’re first-timer.
Also, the site is quite secure and boasts of over 3 million users.
How to buy Bitcoins using Amazon Gift Cards
Just as with PayPal, you can’t buy bitcoins directly with Amazon gift cards. You would have to go through exchange sites, however, only a few exchange sites allow you to trade the value of your Amazon gift card for bitcoins
We’ve already talked about buying bitcoins with PayPal through Paxful, but you can also purchase bitcoins with Amazon gift cards on the site too.
If you have gift cards from other merchants such as Google Play Gift Card, iTunes Gift Card, eBay Gift Card, Sephora Gift Card, Steam Wallet Gift Card, etc you could also exchange them for bitcoins on this site.
Coincola is another exchanger that allows buyers to offer their Amazon gift cards in exchange for Bitcoin.
On this site, you will find many traders who accept different gift cards as their preferred payment method.
When buying bitcoins with Amazon gift cards on the site, you will find different sellers with different rates and prices. Before trading with any seller, ensure you read and adhere to the coincola trader guidelines.
Also, check the seller rating and only go for those with 100% or close to a 100% rating.
To buy bitcoins with Amazon gift cards, you can also try out Localbitcoins. Just like Coincola, Localbitcoins is only a marketplace for buyers and sellers to make secure transactions so you can only buy bitcoins with your Amazon gift card from this site if there is a seller accepting that payment method.
How to buy Bitcoins using Debit Card
Most cryptocurrency exchange sites accept debit cards as a means of payment for bitcoins. In fact, it is one of the most common means of payment on cryptocurrency sites.
If you want to purchase bitcoins using a debit card, you can try out cryptocurrency exchange sites like Coinbase, Coincola, and Paxful.
Coinbase allows you to purchase bitcoins using a debit card if you’re in any of the 30 countries it supports. Before making purchases on the site, check to confirm if your country is supported.
If you’re living in the USA, Singapore, Australia, Canada and Europe (except Germany), then you can go ahead start your transaction.
Coinmama is a perfect option for buyers who live in developing countries or countries that are restricted by other top cryptocurrency exchange sites.
However, you would have to deal with the high exchange fees charged by the site. Fortunately, they are also one of few reliable and trusted brokers with the highest limits for buying bitcoins with a credit or debit card.
Things Note When Buying Bitcoin with PayPal
Whether you’re buying bitcoin with PayPal, Amazon Gift Cards or debit cards, there are several things you should have in mind to avoid falling for scams and ensuring that the transaction is smooth.
Read and Adhere To The Trader Guidelines
This might be the most important thing to consider as it will help you make trades without qualms. Each cryptocurrency exchange site has a set of guidelines that help to direct the buyer on how to make trades.
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Whether you’re a first-timer or not experienced trader, ensure you read the trader guidelines first before going ahead with a purchase.
Check For Seller Authenticity
Some cryptocurrency exchange sites award sellers on their platform with a trust score. This trust score is based on how many successful transactions they have done with other traders on the platform.
Others give sellers a rating (usually 1% to 100%). Whichever one it is, it is best to go for the sellers with the highest trust scores or ratings.
Also, check to confirm that the seller is verified. You can do so by clicking the name of the seller and checking their profile.
Most cryptocurrency platforms request for email, phone number, bank details, and ID verification before allowing sellers to trade. This usually reduces the chances of scam.
Only Trade on Popular Cryptocurrency Exchange Sites
There are lots of cryptocurrency exchange sites on the internet but you will only find a few of them in this post. This is because only a few of these sites have been tested and trusted.
Always go with sites that have a lot of recommendations to avoid falling for scams.