The easiest way of how to buy Bitcoin with PayPal in 2020 is simply over an exchange which accepts PayPal as a payment method. There are several exchanges providing this service.
The rule of thumb is that you chose an exchange which is around for a long time and which is established. People have lost millions of dollars by trusting new exchanges. There are probably some small service providers, which are no scam but finding out –> needs lots of time.
Chose the right exchange
When you have chosen your exchange, then you can buy your Bitcoin with PayPal. After this is done, you can either hold, trade or move your coins where ever you want. For example to a hardware wallet (a USB-like storage device). Established exchanges like kraken.com are safe and have many benefits when it comes to service, but the safest way is to hold your coins your self. Your private keys = your coins.
Anonymous Alternatives for buying Bitcoin
Yes, there are decentralized exchanges without a Know-Your-Customer (KYC) – process. The problem is that you still need a fiat (Dollar,Euro,…) gateway to enter the crypto-world. Some countries have ATMs in bigger towns. ATMs are machines where you can buy crypto for cash, but most ATMs also require an identification process.
Decentralized Exchanges are great – but they don´t help you with your problem of getting the token in the first place!
- Airswap.io (Ethereum based DEX, no Identity, no fees)
- Openledger.io (Bitshares based DEX)e
- IDEX (relative high liquidity, over 400 Tokens)
- Bancor
- Uniswap
- Kyber Network
- Shapeshift.io
- Waves.exchange
- EtherDelta (requires Metamask and works with USB keys)
- BinanceDEX (When your are used to centralized Binance, this could be an option for you)
Find Stores and ATMs in your Region
Coin-atm-radar povides you a map with ATMs in your region.
If you still want an anonymous way to buy your coins, you could try to privately buy bitcoin from another person.
3 important P2P-Platforms
Another anonymous way is of course mining. But mining is only profitable when you get electricity cheap. It demands expensive hardware and is really not convenient these days. Now the only way left is buying it from other persons. There are some P2P-Markets where you can buy different amounts from other people using PayPal or bank-transfer.
Number 1 – HodlHodl
- Hodl Hodl (P2P Bitcoin without KYC/Identity)
Number 2 – Bisq
- Bisq (P2P Bitcoin – Fiat (USD/Euro/… to Bitcoin))
Number 3 – LocalBitcoins
- LocalBitcoins (P2P Bitcoin – find local sellers and buyers)
If you are OK with an identification process, simply use one of the following exchanges. But you should not wait to long, the KYC-process can take some time! (usually around 24hours).
- kraken.com
- binance.com
- bittrex.com
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