You Can Now Make and Receive Crypto Payments With PayPal
The online gaming experience for UK players just got better. In 2021, PayPal rolled out support for buying, transferring, and holding cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. As a result, you can play using your crypto coins in UK PayPal casinos without hassles.
Before PayPal’s support, you probably had to deal with currency conversions as you tried to fund your account with your tokens. Other players in online casinos UK experienced similar problems, with many falling back on fiat currencies. Today, the case is different, and the opportunities have expanded.
With PayPal’s added support, the experience of funding your account with cryptocurrency becomes blissful. Now, you can enjoy the best of both worlds of fast transactions and a decentralized system. This guide will walk you through how to use PayPal for cryptocurrency payments.
Benefits of buying cryptocurrencies with PayPal
You may be wondering why you should switch from crypto wallets to PayPal. First, let us say that the benefits of using the e-wallet are immense, ranging from fast transactions to more extensive adoption. You can easily find online casinos UK that accept PayPal more than those with support for crypto wallets.
Crypto wallets do not store fiat currencies. You can only use cryptocurrency exchanges to get the latter. On the other hand, PayPal offers seamless integration of Bitcoin, Ethereum, Litecoin, etc., with fiat currencies, including pounds.
With PayPal, obtaining cryptocurrencies with your local currency and vice versa is swift and effortless. You can buy Bitcoin or deposit it into your online gaming account in a few clicks. You can also sell your crypto assets for pounds and use them to play games in UK PayPal casinos.
Another benefit of buying cryptocurrencies with PayPal is speedy transactions. The e-wallet remains the gold standard for online payments across the globe. Whether you are miles apart or not, you can still send and receive money in bliss.
The same thing applies to buying crypto coins. PayPal gives you fast access to purchase these coins and add them to your wallet. The transaction goes through within minutes, even if the seller is on the other end of the world.
Moving on from speed, we have widespread adoption. PayPal is a premium payment service that many consider the best way of moving funds online. As a result, it boasts a market share above that of its major rivals.
Many online platforms support PayPal, meaning you will have few challenges in purchasing cryptocurrencies with it.
These are but a few benefits of buying crypto coins with PayPal, as there are many others. The key points you should take away are ease, comfort, and speed.
How to buy crypto Currencies with PayPal
Gone are the days when buying Bitcoin and other crypto coins was in the hands of tech-savvy people. Today, you can get some funds and begin gameplay in Bitcoin casinos or other crypto gaming sites with a few phone clicks. That is the relative ease that PayPal offers.
Of course, the next step would be to buy cryptocurrencies with PayPal. As mentioned earlier, the purchase will be swift, but there are things you must do before finalizing the transaction. Let us look at a few of them.
- Buying cryptocurrency with PayPal is as follows:
- The first step is to have a PayPal account. If you are a registered user, you can skip this step.
- Opening a PayPal account is easy and takes only a few minutes. Go to the official PayPal website and click on “ Sign up.” You can choose between a personal or business account.
- Once your account is up and running, fund it to progress to the next stage.
- After funding, click on “Crypto” on your PayPal dashboard. This command will bring out a list of cryptocurrencies.
Click on the cryptocurrency you want to purchase. At this stage, PayPal will show you a graph of the price fluctuations over the past days and weeks. This information will help you make an informed purchase.
If you are satisfied with the price, click on “Buy.” You can pick £1, £20, or £100, or input the amount of your choice. Once complete, the final step is to agree to the terms and conditions.
PayPal will charge you for purchasing cryptocurrencies but will gladly hold them for free. So, you only have to pay charges during the purchase.
PayPal offers learning resources so you can learn the basics of crypto
In addition to supporting cryptocurrency purchases, sales, and storage, PayPal wants its users to be versed in the crypto world. Making crypto investments comes with risks. Hence, it provides educational content that explains how the crypto ecosystem works.
As we saw earlier, PayPal shows a price graph when you want to purchase a cryptocurrency. That is one of its primary ways of grounding you in the knowledge of crypto volatility.
While the price graph occurs during purchase, you can take pre-buying steps by accessing the education content. There, you will learn the risks and general information about blockchain technology.
This development is something you will not often find in other e-wallets. That shows how thoughtful PayPal is towards its users.
If you are new to cryptocurrency but fancy playing in Bitcoin casinos, PayPal is your best bet to buy while learning about it. However, you must take deliberate steps to click on these educational resources to learn.
Keep your cryptocurrency secure in the world’s most secure E wallet
PayPal’s security in online transactions is unrivaled. It is one of the reasons the e-wallet has seen widespread adoption and increasing growth in online casinos UK.
The digital payment service has several layers of security for the funds placed in its care. It has taken active steps to ward off hackers who want to steal user data and funds. As a result, you will enjoy safety features like biometric authentication/approval, 2-step authentication, and encryption.
You can have that peace of mind you desire if you store your cryptocurrencies in your PayPal wallet. Also, the service offers easy access to your assets any time.
PayPal’s security extends to when you are making purchases online. While the end party is crucial, you can be sure of rock-solid protection from PayPal.
The e-wallet’s protection will be better if you take extra steps to ensure your online safety. On that account, you should scrutinize links in your email and use a dedicated device that only you can access. Do those, and you will enjoy the top-notch security that PayPal offers its users.
Make and receive crypto Currency payments with PayPal
If you want to play with bitcoin in online casinos UK, you can do so with PayPal. The e-wallet supports the purchase, sale, and storage of cryptocurrencies. Coupled with its adoption by the online gaming platforms, the payment service will give you a blissful betting experience.
Purchasing cryptocurrencies with PayPal is relatively easy, but you need an account first. After registering on the platform, you can buy the crypto coin of your choice, provided it is listed there.
PayPal offers top-notch security for your cryptocurrencies and other assets on the platform. In addition, you will enjoy blazing fast transactions with the e-wallet.
You might pay charges for purchasing cryptocurrencies with PayPal. However, the e-wallet does not charge any fees for holding the crypto coins till you need them. That makes them the perfect storage location for your Bitcoin, Ethereum, Bitcoin Cash, or Litecoin.
While PayPal supports cryptocurrencies, it also provides educational resources for its users to learn about crypto coins. It features content like price graphs, risk details, and texts on blockchain technology.