on LocalCryptos
Buying Bitcoin with PayPal has never been easier. Convert your PayPal balance to and from BTC using the LocalCryptos marketplace.
1,000+ users online
LocalCryptos is a marketplace of more than 100,000 buyers and sellers of crypto.
When you buy Bitcoin on LocalCryptos, you exchange directly with another user.
All PayPal transactions are protected using a secure escrow service.
Before you send a PayPal transfer, the seller will place the Bitcoin in escrow.
Most PayPal transactions of Bitcoin are over in less than fifteen minutes.
At every hour of the day, there are more than 1,000 online traders on LocalCryptos.
Sign up today — it only takes thirty seconds.
You can begin trading immediately after you create a LocalCryptos account.
Anyone can post a bid to buy or sell Bitcoin with any payment method, including PayPal. Narrow your search to find a PayPal seller who fits your needs.
You can further filter offers by currency, location and price.
When you find a PayPal seller, enter the amount of Bitcoin you want to buy and lock in the exchange rate.
The other party will get a notification. Most PayPal traders hear a response in under 60 seconds.
First, the seller will put the Bitcoin amount in an escrow account. The escrow holds the BTC in trust to guarantee both sides hold up their end of the deal.
Once the Bitcoin is in escrow, the seller will give you their PayPal transfer details using encrypted chat.
Once the seller acknowledges receipt of your PayPal transfer, the Bitcoin is released from escrow to your wallet.
Since using LocalCryptos, my economic performance has improved markedly. The security, privacy and ease of use is incredible. In Venezuela, it's like an escape valve, and it's a powerful tool to cope with the deep economic crisis that plagues the country.
For me, LocalCryptos is the platform with the best management of smart contracts to help you convert your Ether, whether by savings, investment or mining, to fiat around the world quickly and safely. I LOVE to trade in LocalCryptos.
After you read the smart contract and the white paper, you understand that LocalCryptos is secure.
I like LocalCryptos because it offers a way to trade ETH over the counter, at a rate and on terms that I set. The fees are reasonable and the site is easy to use.
I am using LocalCryptos because it is the only platform for trading Ether over-the-counter in Colombia. I really like that the wallets are in control of the users.
I use LocalCryptos because it seems like a super fast and friendly tool, besides being an excellent way to save and protect my money from the galloping devaluation of the bolivar.
I choose LocalCryptos because it's a fairly simple and effective platform. It also has good customer support that helps to solve your problems.
Thanks to LocalCryptos, I can earn money securely and save myself from hyperinflation.
LocalCryptos never takes hold of your crypto. In-browser cryptography powers the web wallet. This protects you from hacks and thefts.
An escrow account is an open-source smart contract, rather than another vulnerable intermediary.
It’s impossible for our team to touch your crypto — we can only help move it to a buyer or seller if a payment dispute arises.
LocalCryptos is the first platform to put in place end-to-end encrypted messaging.
Every message you send is encrypted with a secret key that only you and your trading partner know. We can only read your messages if either party raises a dispute or asks for help.
When you’re trading crypto on LocalCryptos, you’re making a transaction with a human being. If you use a nasty centralized exchange, you’re often dealing with a robot.
LocalCryptos is a community of more than 100,000 crypto traders from around the world. If you’re a newbie, a friendly trader will be happy to show you the ropes.
Almost. Trading Bitcoin with PayPal involves some manual effort, however the process is very quick.
You need to search for a PayPal seller, and exchange payment details using encrypted messages. The PayPal transfer also needs to be made manually outside the platform.
It's up to the seller. PayPal traders on LocalCryptos set their own verification policies, including what kinds of details they need from you.
In order to protect themselves from fraud, people who sell Bitcoin for PayPal may ask for your identity, or choose to only exchange small amounts with you until you verify yourself.
LocalCryptos is a peer-to-peer crypto marketplace. People post ads on LocalCryptos to buy and sell crypto with all sorts of payment methods—including PayPal.
When two people agree on a trade, the buyer pays the PayPal half directly to the seller's account—that's why LocalCryptos is so fast.
An escrow account holds the crypto side of the trade. This provides a guarantee of funds to the buyer, and an abort path for the seller in case they don't receive a PayPal transfer.
The buyer of crypto should never initiate a PayPal transfer before the Bitcoin is in escrow. Similarly, the seller shouldn't release the escrow until they see the money in their PayPal account.
If payment never arrives, either party can raise a payment dispute. This allows an arbitrator to decrypt messages, verify evidence, and get the crypto to its rightful owner.
LocalCryptos is the first and largest P2P platform to offer a non-custodial escrow system.
The technical details of the escrow depends on the crypto chosen. Ethereum escrows use a smart contract, and Bitcoin escrows use a P2WSH transaction.
All blockchains are unique. Whenever we add a new crypto, our engineering team develops a new escrow script to fit the protocol.
A non-custodial escrow system makes it impossible for LocalCryptos to steal from escrow accounts. By the same token, the platform's non-custodial nature makes it immune from common hacks and thefts.
If you are selling Bitcoin for PayPal, you need to look out for chargeback fraud. That's when a buyer attempts to reverse a transaction after the escrow is released.
To mitigate the risk of fraud, some PayPal sellers choose to only exchange freely with people they've met previously, and apply additional terms or restrictions to new buyers.
Escrow fees are 0.25% if you post an offer or 0.75% if you respond to one. All crypto transactions also involve a network fee which goes to miners—not us.