Is it Safe to buy Bitcoin and Other Crypto through PayPal – 2022 Guide

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The cryptocurrency craze is showing no signs of slowing down. As a matter of fact, there appears to be no end in sight to how big it can get despite many people still not believing in it.

All the bumps in the road, the drops in value, the negative attention from the media… none of it seems like it can hurt Bitcoin and the rest of them.

From the very moment they stepped onto the scene all the way back in 2009, cryptos and blockchain technology itself have been striving forward and reaching new heights year in and year out.

Bitcoin in 2022

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In the year 2022 not a long has changed on that end. It is still one of if not the most wanted asset people invest money in. In addition, it is also now much more mainstream than it used to be due to how many people are using it and believing in it.

The infrastructure and the attention from the governments and central banks pave the way forward like never before.

In such a world, those who have yet to make the step forward and join in on all the fun have a much easier way of doing so than ever before. Those who came before made it much easier for those who are still to come.

Joining in on the Fun

Back in the day, it was not nearly as easy to get involved and become a part of the crypto industry. The market was nowhere near as rich. There were not so many big currencies to choose from nor was the blockchain as diverse and useful as it is right now.

Basically, every new day brings a slightly easier time joining in, but only if you know what to do and how to do it. There are many ways to get into the game all of which revolve around getting your hands on the first batch of crypto.

Of course, it is more difficult to get closer to a full BTC as it is now worth around $20,000. But that should not worry you as you can always get a small percentage.

Getting Your Hands On Some

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Buying Bitcoin and other cryptos in the year 2022 can be done in so many ways. If you already own some crypto, you can sell it and buy other tokens, or trade it for the ones you are not interested in.

On the other hand, in the more likely case of not owning any and wanting your first amount, you need to use traditional money to get your hands on them. This is where things get interesting.

First of all, you can join a crypto trading service or venue, or better yet a crypto exchange. These platforms are your one-stop destinations for everything regarding crypto, from finding partners and selling or buying, to trading and keeping up with the news.

However, there are other places where you can buy your first amount of Bitcoin or other cryptos that interests you. Using a well-established internet payment service is the preferred way to do this for millions of users, and it can be the right choice for you too. The most important thing for it is to be safe, and the one we are talking about today is among the safest.

Using the Proven Method

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PayPal has been the number one internet payment option for decades now. It was first founded in 1998 as Confinity, it became X.com in 1999, and finally PayPal in 2000.

Now, in 2022, it is a multinational financial tech company that specializes in all sorts of online payments and systems.

From online money transfers and electronic alternatives to paper money and checks, it is the most well-known way to finance any sort of online endeavor, be it shopping on internet services or sending money to family abroad.

From October of 2020, PayPal also started allowing their customers to use crypto and shop from millions of merchants. This is not all as you can also use their platform and buy both Bitcoin and other cryptos.

Best of all, it is quite easy and straightforward. In the following sections, we tell you whether it is safe and tell you how to do it. For more information about utilizing PayPal for your crypto needs, make sure to check out azcryptoexchanges.com.

First of all, open a PayPal account, obviously. Chances are you already have one as it is very popular. Login into your account and pick the cryptocurrency option. You will see it on the home page in the upper right corner.

Once you pick this you will be met with a few of the most popular choices, which are of course Bitcoin, Ethereum, etc. Pick whichever one you want or search for the one you cannot find immediately.

Once you choose it, you are taken to a new window where you select the ‘Buy’ option. The best thing about doing it this way is choosing how much money you plan to invest. Depending on the price, you get a different amount basically every day. Some of the preset choices include $1, $20, $50, and $100, but you can also enter any other amount.

The last step is to pick the payment method, or rather the debit card or bank account linked to your PayPal account. You can also hook up another, new method right then and there. Hitting the ‘Buy Now’ button will confirm your choice.

Regarding the safety of this method, you should know that it is absolutely safe. It is actually one of the safest methods of obtaining crypto in exchange for regular money. This is because of who PayPal are and what they represent, as well as its cyber security systems and layers of protection that have already been established for over two decades before it began offering crypto services.

Many crypto exchanges and other platforms are less reliable than the most popular internet payment service. Feel free to use it whenever you want more crypto in your portfolio. Also, be sure to buy multiple cryptos so that you do not have all of your eggs in the same basket. It is all about diversifying your assets in the crypto industry, and all of them you can pay for on PayPal.