How can i buy some Bitcoin with Credit Card or PayPal or Debit Card? Why BitStamp doesn’t accept PayPal? How can i buy bitcoin without address verification? Why every Bitcoin exchange only accept Wire Transfer as a way to deposit money? These are some of the question we get daily.
Today, PayPal announced that they will be launching a cryptocurrency digital wallet for buying, selling and storing Bitcoin, Ethereum, Bitcoin Cash and Litecoin.
This confirms rumors which circulated earlier this year, and it is seen as a significant milestone by many in the community.
A milestone it may be, but it will impact millions of daily users who have, until now, never considered getting into cryptocurrency. For them, PayPal will be the leading authority in a space that it has long sought to discredit.
Over 221 Billion dollars were transacted in Q2 of 2020 using Paypal. That represents a rise of 10% in volume in just six months. PayPal is growing and dominating online payments as well as other services such as credit and insurance.
It has a long-established reputation of occasionally freezing user funds and censoring payments that conflict with its outlook but the payments giant continues to hold relevance where Bitcoin should have long overtaken it. Perhaps this news marks the beginning of a transition?
Is PayPal’s announcement good news for Bitcoin? Until very recently, PayPal was anti-crypto. Writing in 2018, ex-CEO Bill Harris called Bitcoin “the greatest scam ever”, so what’s changed?
This sudden turnaround is encouraging, especially as private companies like Microstrategy and Square make grandiose announcements about their own crypto diversification.
Should the community embrace them with open arms? After all, this is the start of mass adoption we’ve all been waiting for, right?
When a household brand like PayPal starts selling Bitcoin, it’s probably not because they want to spur healthy adoption. In the press release announcing their new cryptocurrency service, PayPal sends out mixed messages.
On one hand, the service will be entirely custodial, meaning users will not have the key to their own coins, while on the other they intend to “provide account holders with educational content to help them understand the cryptocurrency ecosystem”. The idea that anyone informed about bitcoin would agree to not holding their private keys might indicate that this educational content will overlook the fundamental rule of “Not your keys; not your coins”.
If millions of newcomers are onboarded to Bitcoin by PayPal, there could be a very serious information gap that jeopardizes their experience and undermines key principles of cryptocurrency.
This statement from their FAQ is, in practical terms, false: “You own the Cryptocurrency you buy on PayPal but will not be provided with a private key.” No-one should consider money held entirely by a third party as owned by them.
Time after time, exchanges have lost user funds, often leaving them with no recourse. A benefit for some will be a promise of greater regulation, where funds can be insured and new users may feel more comfortable than dealing with cryptocurrency exchanges directly, but they will be restricted from actually utilizing their coins. The only reasons to own Bitcoin which cannot be used, would be to invest for the long term, which is incredibly reckless to do when your funds are held by a third party, or speculate on its price, which again, would be introducing the masses to financial mechanisms they do not understand.
Is PayPal positioned to be a cryptocurrency leader? As it steps into the forefront, PayPal will be closely watched by companies, institutions, and consumers. While they can boast of “digital payments expertise”, they have historically taken an aggressive stance against users who bought cryptocurrency on exchanges, citing their acceptable use policy, forbidding transactions which “involve currency exchanges or check cashing businesses”.
The fact that this clause remains in their policy suggests that they intend to limit users to use only their platform for cryptocurrency, stifling competition and preventing users from ever withdrawing their cryptocurrency to the safety of a wallet they control the keys to. That said, there is something to be said for PayPal’s statement that they will “enable cryptocurrency as a funding source for digital commerce at its 26 million merchants”. Currently, the options for cryptocurrency funding are in their infancy, and Bitcoin loans could see future growth. There is only one thing about PayPal’s announcement that long-term hodlers will be celebrating today: the pump in price. Long-term, if PayPal proceeds without consulting the community and letting their users control their own keys, it offers no value to the space.
The greatest risk is that the clout they carry in traditional electronic payments will be interpreted as expertise in crypto. This would threaten the expert advice so carefully crafted by our community, which could be drowned out by the misinformed masses that PayPal brings to the space. For now, no-one can tell how it will turn out, but there are big concerns to address before informed users will turn to PayPal.
Welcome PayPal’s initiative with open arms, but by no means look to them for leadership. At best, this announcement indicates that they may fear sinking into irrelevance.
*Do not use PayPal for Bitcoin; there are many other places to buy crypto which will let you keep ownership of your coins. *
PayPal is conceding to Bitcoin, and the many other aspirational, educational projects within the community should be highlighted to prevent newcomers from falling into a trap of trusting one of Bitcoin’s greatest long-term adversaries.
Source : https://blog.trezor.io/why-you-should-not-use-paypal-for-bitcoin-f6e2d436ca96
There are a lot of awesome referral opportunities out there, these are my personal favorites! All these offers (besides Gemini) are US
- Webull: BONUS IMPROVED!! 3 free stocks (1 worth $2.50-$250 for opening an account, and 2 worth $8-$1600 each for depositing $100). Offer ends October 31st!
- Public: 1 free stock worth up to $50 just for opening an account, no deposit required.
- FirstTrade: 1 free stock worth $3 - $200 (I got Microsoft!) simply for opening an account. No deposit required.
- Dough: 1 free stock worth $2 - $200 simply for opening an account. No deposit required ($25 deposit required before first withdrawal, but you can then withdraw that too).
- TradeUP: 1 free stock worth $2.50-250 just for opening an account, and an optional second stock worth $8-$1000 for making a $100 deposit from any source.
- Robinhood: 1 free stock worth $2.50- $200 for opening an account. No deposit required.
- Acorns: $5 for $5 deposit from any source (additional steps required, please see below details).
- Moomoo: 1 free stock worth $10-$1000 for making a $500 deposit.
- M1 Finance: $20 for opening a brokerage account and making a $100 deposit.
- Round: $20 for opening a brokerage account and making a $500 deposit. Alternatively, you can make $100 for doing a $10,000 deposit (iOS only)
- SoFi Invest: $50 for $1000 deposit from any source, and $25 worth of bitcoin for buying $10 worth of bitcoin on SoFi Crypto.
- Personal Capital: $20 for opening a new account and linking a qualified investment account (e.g. taxable brokerage, 401k, IRA, 529, etc) worth at least $1000. No deposit required!
- Porte: $50 for depositing $500 from any source.
- SoFi Money: $50 for depositing $500 from any source.
- Chime: $50 for $200 direct deposit (can easily get around direct deposit requirement, please see details below).
- Wings Financial Credit Union: $50 for opening a checking account, setting up eDocuments, and doing 5 debit card transactions of $5 or more (anything counts, including Amazon GC reloads), OR a direct deposit of $300+ in 60 days. No fees, can withdraw and close account any time.
- Aspiration: $50 for spending $250 with their debit card within 3 months, and extra $100 for $1000 spend in 3 months.
- Stash: $20 for $5 deposit from any source.
- SkyOne: $25 for opening an account and keeping the account open for 30 days. (additional steps required, please see below details).
- Premier Members Credit Union: $50 for opening a money market account and making a $5 deposit + $5 donation.
- Oxygen: $25 for opening an account, depositing $200, and doing 5 debit card transactions within 60 days (can just buy 5 $1 Amazon GC's reloads, they don't care what the purchase is). PM me for a link.
- N26: $10 for opening an account and making a purchase of $10 or more using their de bit card.
- Voyager: Free $25 worth of Bitcoin for trading $100 on the app. Use referral code "AMA60T” in the “Reward Code” field when you create your Voyager account". Open these link from mobile:
- Celsius: Free $40 for depositing $200 worth of cryptocurrency.
- Crypto.com: Free $50 for "staking" (buying and holding) 1000 CRO (approximately $170) for 6 months. (enter referral code 66v69rwt76 if not pre-filled)
- Gemini: Free $10 worth of Bitcoin for trading $100.
- Constant: Free $10 for opening an account, verifying your identity, and depositing $10.
- Coinbase: Free $10 worth of Bitcoin for trading $100. They will also give you $12 of the "Orchid" cryptocurrency (which can be re-sold for cash) if you watch 3 1-2 minute videos and answer 3 easy questions about that cryptocurrency. (might get waitlisted, I had to wait a month before getting off it)
- Chase Freedom: Free $200 for signing up for a Chase Freedom Unlimited credit card and spending $500 within 3 months.
- Discover IT: Free $50 for signing up for a Discover IT credit card and making ANY purchase within 3 months (even $1).
- Root: Free $25 for downloading the app, and allowing it to track your driving for 3-4 weeks. (Need to keep your phone on while driving so it can give you a quote. You can simply reject the offer and take the $25 bonus anyway).
- Worthy Bonds: Free $10 for opening an account, no deposit required.
- SoFi Loans: Free $300 for refinancing a student loan or taking a personal loan.
- Fetch Rewards: Receipt scanner app, rewards you 5 cents each for receipts from most major chain stores. Fetch has a $2 bonus for using a referral link and scanning your first receipt (open this link from your phone).
- Raise: Free $5 credit towards your first gift card if you sign up using a referral code, you can get an extra $5 off your first gift card purchase. I used it to buy a $10 Uber gift card, combined with their 2% discount, I only paid $4.80 for a $10 gift card!
--Details on each offer below--
is a commission free stock trading platform/app which is giving out 3 free stocks
(1 worth $2.50-$250 for opening an account, and 2 worth $8-$1600
each for depositing $100). Offer ends October 31st! That's a MINIMUM of $18.50 in free stock!
Webull is available on iOS and Android, or you can use their website.
Referral link- https://act.webull.com/kol-us/share.html?hl=en&inviteCode=PUnH4ruayL3j
is another commission free stock trading app which gives you a free stock (valued up to $50
) when you create an account via a referral link. No initial deposit is required.
Available on iOS or Android only. http://share.public.com/rayruiu
is a commission-free stock trading app which gives you a free stock (valued up to $200
) when you open an account via a referral link. No initial deposit is required.
Available on iOS or Android only. https://share.firstrade.com/MilaAQOK
is a commission free stock trading app which gives you a free stock (valued $2
) when you open an account via a referral link. No initial deposit is required, though you need to deposit $25 in order to make your first withdrawal (you can also withdraw your initial $25 too).
Available for iOS or Android only. https://dough.com/referrals?referral=XPSSX6DFNF&referredby=Mila
is a commission free stock trading app which gives you a free stock (valued $2.50-250
) for opening an account via a referral link. No deposit required.
Additionally, they will give you a second stock
) for making a $100 deposit.
Available for iOS or Android only. https://tradeup.marsco.com/activity/market/us-open-price/#/share?invite=6NDX1U
is a stock trading platform/app which gives you a free stock (valued $2.50
) when you open an account via a referral link. No initial deposit is required.
Available on iOS and Android, or you can use their website. https://invite.robinhood.com/amadeor3/
is an online investing app (iOS or Android) which is offering a free $5
bonus for simply opening an account via a referral link, depositing $5, and keeping the money in the account until the 15th of the following month. You can then withdraw the money and close the account, fee free!
If you keep the account longer, they may charge you a $3 fee, so be sure to close it after the 15th on the following month from when you signed up.
Acorns is available on iOS and Android, or you can use their website. https://www.acorns.com/invite/TLBCPD/
is a commission free stock trading app which gives you a free stock (valued $10-$1000
) for opening an account via a referral link and making a $500 deposit.
Moomoo is available on iOS or Android only. https://j.moomoo.com/000LR3
M1 Finance M1 Finance
is an investing account, like Robinhood or Webull. If you open an account using a referral link, deposit $100 to a brokerage account, and keep that initial deposit in your account for 30 days, you will get a free $20
bonus that posts within 14 days.
M1 Finance is available on iOS or Android only. https://m1.finance/J6aLCt6SRGdW
is an online auto-investing app (iOS only) which is offering a free $20
bonus for simply opening an account via a referral link and depositing $500. Alternatively, you can get $100
if you deposit $10,000.
Round is available on iOS only. https://app.investround.com/inviteCode/amadeo-r360s0
SoFi Invest SoFi
for anyone who signs up for a SoFi Invest
account via a referral link and deposits $1000. This offer stacks with the SoFi Money $25 offer (see details above), so you can do both!
Plus, you can get another $25
cash bonus when you buy $10 or more of crypto like Bitcoin, Litecoin or Ethereum. That's a total of $75
cash bonuses with SoFi Invest! https://www.sofi.com/share/invest/2498539
Personal Capital Personal Capital
is a finance tracking website similar to Mint but tailored for investment accounts. If you open an account and link a qualified investment account for tracking (e.g. taxable brokerage, 401k, IRA, 529, etc) with more than $1000
in it, they will give you a free $20 amazon gift card within a couple weeks.
Accounts that do not
qualify as valid investment accounts include bank, credit or debit card, Paypal, Stash, Acorns, Kapitall, Groundfloor, WageWorks HSA, Coinbase, digital currency exchanges, and manual investment accounts. Robinhood works
is a bank/app which pays you a $50
bonus for opening an account via a referral code, and making a $500 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail).
A "direct deposit" technically means that they want you to deposit the money right from payroll, Social Security, or other direct payment, but you can actually meet this requirement simply by transferring in $500 from virtually any source including bank accounts, cashapp, etc.
Referral link- https://portebanking.app.link/es7KK8Fb69
SoFi Money SoFi
is a bank/app that give out $50
for anyone who signs up for a SoFi Money
(bank) account using a referral code and deposits $500 from any
source. So all you have to do is open an account with a referral link, deposit $500, and then instantly collect the bonus and then take it all back.
You can close the account at any time with no fees- https://www.sofi.com/invite/money?gcp=e65d8ea1-fd35-40bc-b801-547c3fc6e749
is a bank/app which pays you a $50
bonus for opening an account via a referral code making a $200 direct deposit. There are no catches, and you can close the account at any time fee free as soon as you register their debit card (gotta wait a few days to get it in the mail).
A "direct deposit" technically means that they want you to deposit the money right from payroll, Social Security, or other direct payment, but you can actually meet this requirement simply by transferring in $200 from virtually any source i.e. bank accounts, cashapp, etc. https://chime.com/milazadrozny
Wings Wings Financial Credit Union
is a bank offering $50
for opening a checking account, setting up eDocuments, and either doing 5 debit card transactions of $5 or more (anything counts, including Amazon GC reloads), OR a direct deposit of $300+ in 60 days.
No fees, can withdraw and close account any time. https://www.wingsfinancial/newcustform/109cb9ea
is an online bank which is offering a free $50
bonus for simply opening an account via a referral link and spending $250, and an extra $100
for $1000 spend in 3 months.
So all you have to do is open a “Spend & Save” account using a referral link, spend $250/1000 using their debit card within 3 months, and then you will get $50/150
posted to your account! There are no fees to worry about! You can close the account fee free whenever you want! https://my.aspiration.com/app/token/referral/232Y47KAE4OG8Y8W/
is a finance app that gives out $20
for anyone who signs up for the Stash
(bank) or Stash Invest account via my referral link and deposits at least $5 from any source (payroll, another bank account, PayPal, etc.) So all you have to do is open an account with a referral link, deposit $5, and then the bonus will post to your account!
The app will ask you to open a paid account, but you can simply open a "beginner" account for $1 a month, and then close your account after 1 month after you get your $20 bonus. https://get.stashinvest.com/amadeowpr10
is a credit union which will pay you a $25
bonus for opening a checking account with a referral link, making a $5 opening deposit, and keeping your account open for at least 30 days.
This credit union services the SoCal area, but anyone nationwide
can sign up if you follow the steps detailed below. People are normally required to make a donation to a local charity to qualify for a local credit union bank account when they don't live in the area, but SkyOne will actually pay for a donation to the "Surfrider Foundation" themselves because they want everyone on the US to be eligible! In other words, you don't have to spend a dime! Simply click ("None of the above? We've got you! SkyOne will make a one-time donation to one of the following non-profits") on the eligibility page when signing up. https://refer.skyone.org/amadeoruiu3
Premier Members Credit Union Premier Members Credit Union
is a credit union which will pay you a $50
bonus for opening a money market
account with a referral link, and making a $5 opening deposit. They will also require you to open a savings account alongside the money market account, which also requires a $5 opening deposit.
They are located in Boulder Colorado, but will allow anyone to create an account with them as long as you make a $5
donation to one of their local charities (they walk you through it during account signup). That's a total profit of $45!
And you can close the account at any time, fee free!
referral link (please remember to use my referral code during the account setup too)- https://www.pmcu.org/referred-by-a-friend/VFVJEVQQQ/
Oxygen is a mobile banking app that will pay you $25
for opening an account, depositing $200, and doing 5 debit card transaction within 60 days (You can just buy 5 $1 Amazon GC's reloads, they don't care what the purchase is. Lots of different ways to easily getr this). PM me
for a link.
is a banking app (iOS/Android) which will pay you $10
for opening an account and spending $10 or more on a single purchase using their debit card.
The account has absolutely no fees and can be closed at any time. Account signup only takes a few minutes. You need to fund your N26 account from another bank with enough money to make the $10+ purchase. The debit card is shipped to you immediately after account signup. You receive the $10 bonus in the form of a statement credit.
N26 is available on iOS or Android only. https://n26.com/amadeor4364
is a crypocurrency trading app (iOS/Android only) which will pay you $25
in free bitcoin for trading $100 on the app! Make sure to use the referral code "AMA60T
" in the “Reward Code” field when you create your account. The bonus posts within a couple of days, from my experience.
Referral link- iOS
- https://apps.apple.com/us/app/voyager-buy-bitcoin-crypto/id1396178579 Android
is a cryptocurrency P2P investing platform which will give you $10
for signing up using a referral link, verifying your ID (pass KYC), and depositing $10.
So all you have to do is open an account using a referral link, verify your ID, deposit $10 via any
means, and then you will get a $10 bonus that posts instantly
and you can withdraw to your bank immediately
. No deposit required. https://www.myconstant.com?r=annoyedproduct
is a cryptocurrency investing platform which will give you $40
for signing up using a referral code and depositing $200 worth of cryptocurrency. To get the full $40, enter the code "SUMMER" before making your first deposit. You must keep your deposit in the app for 30 days to get the full $40 bonus. You get $20 for the normal referral program and the additional $20 for entering the "SUMMER" code.
You can then withdraw the full $240 and close your account fee free.
is a cryptocurrency investing platform which will give you $50
for signing up using a referral link, and "staking (aka, buying and holding) 1000 CRO (their special cryptocurrency, worth approximately $170) for 6 months. You need to apply for their "Ruby Steel" debit card when applying, its a 0 risk debit card, no credit impact, no fees. Combo's well with the Celsius promo if you need a platform to send cryptocurrency from, and you can send the $50 bonus crypto to celsius instantly.
- (enter referral code 66v69rwt76 if not pre-filled)
is a cryptocurrency trading app/websitewhich will give you $10
worth of bitcoin for signing up using a referral link and buying/selling $100 worth of cryptocurrency.
Unlike the other offers listed here, this one can be used anywhere in the US (except NY), as well as Puerto Rico, Australia, Canada, Hong Kong, Singapore, South Korea, and the United Kingdom. This bonus posts VERY quickly, within a day or two. https://gemini.com/share/rllzke26
is a cryptocurrency trading platform which will pay you $10
in free bitcoin for trading $100 on the platform!
I would be grateful if you used my referral link- https://www.coinbase.com/join/ruiu_8
They will also give you $12
worth of the "Orchid" cryptocurrency (which can be immediately re-sold for cash) if you watch 3 short videos and answer 3 easy questions. https://coinbase.com/earn/oxt/invite/t0wvs4k2
Chase Freedom Chase
will pay you $200
for signing up for a Chase Freedom Unlimited credit card with a referral link and spending $500 it within the first 3 months. This is one of the best credit card bonuses in the industry!
All you have to do is sign up for a Chase Freedom Unlimited credit card using my referral link, spend $500 within the first 3 months, and then get your $200
! You can cancel the card at any time with no fees or penalties. https://www.referyourchasecard.com/18/ONLMEFPEFJ
Discover IT Discover
will pay you $50
for signing up for a Discover IT credit card with a referral link and making ANY purchase using it within the first 3 months. This is one of the easiest credit card bonuses in the industry!
All you have to do is sign up for a Discover IT credit card using my referral link, make ANY purchase using it within the first 3 months, and then get your $50
! You can cancel the card at any time fee free. https://refer.discover.com/s/hhti4m
is an auto insurance app(iOS/Android) that will pay you $25
to download their app, let it track your driving for 3-4 weeks, and then offer you an auto insurance policy based on your driving data. You can easily ignore their policy offer, take the bonus, and walk away with the $25 bonus which then then go to your PayPal account, sent as a check, etc. https://rootbonus.com/AmadeoRuiu
Worthy Bonds Worthy Bonds
is a finance app(iOS/Android) that will give you a free $10
bond to download their app, and open an account using a referral code. You never have to deposit any money into the account to get the bonus. You can sell the bond and take out the money after 90 days. The bond will also earn 5% yearly interest while you wait to withdraw. https://worthybonds.com/?r=etyji
SoFi Loans SoFi loans
is offering a $300
bonus for people who opens a new personal loan or refinance an existing student loan.
You should research the pros and cons of student loan refinancing before you consider this option, You can lower your interest rate, but lose some benefits from the federal government. Whether this is worth it to you will depend on individual circumstances.
There's also the option of taking out a SoFi loan. www.sofi.com/share/2498539?src=copy
Fetch Fetch Rewards
pays roughly 5 to 10 cents (7.5 cents on average)
for most receipt scanned. My personal favorite scanning app! Accepts e-receipts if you connect your email/Amazon. Can scan up to 28 receipts in any given 7 day period. $3 minimum payout.
They also give a $2 bonus
for signing up using a referral code (open this link from your phone). https://fetchrewards.onelink.me/vvv3/referraltext?code=JU1GW
is a discount gift card website, that offers a $5
credit towards your first gift card if you sign up using a referral code. They have gift cards like Amazon
on their site, so its pretty easy to find something you would have needed anyway. www.sofi.com/share/2498539?src=copy
Thank you for checking out my referral post! As you can probably tell, I spend a lot of time searching the web for referral offers. If you would like, feel free to sign up for my mailing list and I will send new referrals that I come across directly to your inbox. https://mailchi.mp/c52908afbf15/moneywhisperers-latest-finance-tips-latest-finds
That’s it! You have successfully purchased bitcoin with PayPal as the payment method. The types of third-party platforms that allow you to buy bitcoin with PayPal include: Trading Platforms. A trading platform is a place where people can buy and sell bitcoin and other cryptocurrencies. While many brokers do not accept PayPal deposits, some do. PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell Bitcoin and other virtual currencies using their PayPal accounts. PayPal allows Bitcoin and crypto spending. Published . 3 days ago. image copyright PayPal. PayPal has entered the cryptocurrency market, announcing that its customers will be able to buy and sell ... If you want to buy bitcoin cash with Paypal you can register and log into your Local.Bitcoin.com account and press the “trades” tab. This will give you access to the “find an offer” and ... PayPal is not the only well-known consumer brand to accept cryptocurrencies. Square, for example, has allowed the exchange of cryptocurrency on its service for two years, and earlier this month announced the purchase of 4,709 Bitcoins – at the time worth $50m. The move that saw its share price jump 2.5 per cent, in large part because the ...
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