Buy Bitcoin (BTC)
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|Coinmama||This site provides an easy and fast method to buy Bitcoin.||Visa, Mastercard (via Simplex) and Western Union (Local Branch).|
|CEX.IO||Reliable Bitcoin exchange where you can buy Bitcoins instantly via credit card.||Visa / Mastercard, Bank Transfer, SEPA|
|VirWoX||A marketplace for trading Linden Dollars (L$), that can be directly exchanged to Bitcoin.||PayPal, Skrill (Moneybookers), Credit Card, paysafecard (PSC) and Sofort-Transfer.|
|Paxful||Buy Bitcoin instantly from other users of this reliable peer-to-peer Bitcoin network.||Paxful supports more than 150 payment methods like PayPal, Amazon gift card, Western Union, Debit and Credit Cards, Neteller, Skrill and many more.|
|xCoins||Get a secured Bitcoin loan instantly using PayPal or credit card.||PayPal, Credit Card, Debit Card, Bank account (ACH) and eCheck.|
|Local Bitcoins||On this site you can buy Bitcoin directly from other users.||PayPal, Western Union, Moneygram, cash deposit, postal order and many more options.|
How to receive Bitcoin
First of all you need a Bitcoin address for receiving Bitcoin. You can either use an online wallet like SpectroCoin or download the official Bitcoin client Bitcoin Core. If you want to download the official client, you need to wait several hours after installation, until all necessary data (about 180 GB at the moment) is downloaded.
On mobile devices you can download the easy-to-use Bitcoin App for receiving and sending Bitcoin. With this app you can easily generate your own Bitcoin addresses and you can send Bitcoin by scanning a QR code or by copying the recipient's Bitcoin address.
Buy Bitcoin with PayPal
There are few options for buying Bitcoin using PayPal but there are several disadvantages when using this payment method like pretty high deposit and trading fees. We recommend to pay via credit card or bank transfer to save costs, if you have the opportunity to do that. If you want to use PayPal payment anyway, you can check out the Virtual World Exchange VirWoX, that supports PayPal and credit card payments. In order to get Bitcoins on VirWoX, you need to buy Linden Dollars (SLL) first and exchange them for Bitcoins afterwards. This will cost deposit fees (about 3,5%) and additional trading fees (about 4%).
You can also use a peer-to-peer exchange like Paxful to buy Bitcoin instantly with PayPal. Paxful connects buyers with sellers and supports more than 150 payment methods. Another option is the peer-to-peer network Local Bitcoins that also supports a huge amount of currencies and payment options.
Initially, select your country if it's not automatically detected.
You'll see a list of Bitcoin offerings sorted by price including all payment methods.
Click "show more" under the list and select PayPal as a payment method.
Now you see all Bitcoin sellers that accept PayPal.
Next to the seller two numbers are shown: The first one is the total number of confirmed trades of the user, the second one represents the feedback score displayed in percent. Click the seller to see additional information like the account creation date, blocks and verification.
Choose one of the available sellers and click "Buy". Please read the respective conditions carefully and note that the site LocalBitcoins only provides the peer-to-peer platform, the Bitcoins are sold by private individuals.
Select payment via PayPal and click "buy Bitcoin now".
On the next screen all available offerings are shown.
Every user on the site gets a reputation score, which is calculated on the basis of positive and negative votes. Use this score to choose a reliable Bitcoin seller.
If you can find a good offer that you want to accept, you need to create an account first.
Enter the amount of money you want to spend and click "buy now". The corresponding Paxful fee appears to the top right of the box.
Another way to get Bitcoin instantly via PayPal payment is a secured loan offered by the peer-to-peer Bitcoin lending site xCoins. Just like the two peer-to-peer sites described above, xCoins is a platform that brings together lenders and borrowers. If you want to learn more about this method, just visit the xCoins FAQ for more details.
Buy Bitcoin with Credit Card
If you have a Visa credit card, you can use CoinMama to purchase Bitcoin. Coinmama is easier to use than most other exchanges, you just need to enter the required amount. Furthermore there is the exchange site CEX.IO which accepts several credit and debit cards. There are two options to trade Bitcoin on CEX.IO. You can buy instantly (click "BUY/SELL") or do a market trade instead (click "Trade").
Bitcoin (BTC) is the first decentralized payment system featuring peer-to-peer blockchain technology. In the early 2009 the first block of the Bitcoin blockchain was mined and the network started working.
The current circulating supply is about 17 million BTC and the maximum supply at the time when all Bitcoins have been mined is 21 million BTC.