✍️ 20 July, 2022 – 6:07 👤 Editor: Jakub Motyka
- PayPal can be used as a payment method to buy the cryptocurrency Binance Coin (BNB), but you have to know where this option is.
- By default you cannot load the balance of the Binance account with PayPal, but there is a way to buy Binance with PayPal that we will explain in this article.
- How Alternatively, you also have the option to make this purchase through eToro (but it will be more expensive due to commissions).
Binance’s native cryptocurrency, known as Binance Coin (BNB), has been one of the altcoins that have had the best performance this 2021 (before the big market crash, of course). Therefore, it is not surprising that many want to acquire it. In addition, according to the roadbook of its developers, important token burns will soon be made, which can positively affect the cryptocurrency.
Due to these reasons, Binance Coin (BNB) has gone viral and become an investment opportunity to consider. However, among the queries of many investors, the question of how to buy BNB with PayPal arises. The answer is yes, it is possible: you just have to know how to do it.
This time we will answer the question with some of the main methods available to acquire the token by paying with PayPal safely and reliably. So that you can benefit from the various properties that this digital currency offers to the crypto community.
Also take a look here: Binance Card: Review, Opinions And All You Need To Know
To give you an idea of its performance, we will remind you that Binance Coin (BNB) had an all-time high price of $692.24. In just the first half of 2021, it had extraordinary growth, as it went from trading at $37 at the beginning of the year, until reaching its historical maximum. And due to the latest market downturn right now, it is now trading below $300. Which, likewise, means a growth of 900%.
Guide To Buy BNB With PayPal: How And Where To Do It?
Now, if you have already decided to buy Binance Coin (BNB) with PayPal and you don’t know where to do it, then we will show you some of the main methods to do it. These are totally safe and at no time will you put your money at risk. In both cases, they are two very popular and secure platforms.
The first one is Binance, the largest centralized cryptocurrency exchange and market, and is also the project behind Binance Coin (BNB); we can even say that Binance supports the BNB token.
On the other hand, there is eToro, a well-known broker that offers financial services so that investors can acquire shares, digital assets, among others. It should be noted that over time it has been shown through different reviews that it is a secure portal in which you can buy Binance Coin (BNB) tokens with PayPal.
Buy BNB With PayPal On Binance
Binance is one of the favorite exchanges for cryptocurrency investors. This is because it has more than 300 digital assets available to invest, such as Bitcoin (BTC), Ethereum (ETH) or Cardano (ADA), among many others; In addition, it also has a series of financial instruments that can be used to obtain benefits from the investments made, such as the case of staking of cryptocurrencies. In addition, it has different markets that allow you to acquire cryptocurrencies in multiple ways.
It should be noted that to buy BNB with PayPal on Binance you have to go to the Peer-to-Peer (P2P) market that is inside the exchange. There you will have to look for a user who is trading with the cryptocurrency, verify the amount of tokens or fractions of BNB that you want to sell and carry out the operation with him.
To find users who sell BNB through PayPal faster, use the search filter: if you are in the application, it is as easy as clicking on the filter icon that you will see in the upper right corner, look at the “Payment “, click on the “All” drop-down option that you will see just to the right and, among the available options, leave only the “PayPal” option checked. Now, click on the “Yes” button to apply the filter.
It is important to perform identity verification in order to participate in the Binance peer-to-peer market. If you don’t do this step, it will be impossible for you to buy Binance Coin (BNB) with PayPal. And of course, check the profile of the user who sells you the cryptocurrency in question to make sure they are a reliable user.
Binance Pros
- Binance Coin (BNB) is the native token of Binance. Therefore, we can say that buying through this exchange is the fastest and safest method to do so.
- It offers extremely low transaction fees.
- It has financial instruments that will allow you to obtain more benefits from your cryptocurrencies; one of them is the staking, the Binance Launchpool or BNB Vault, among others.
- It is the cryptocurrency portal with the highest daily activity worldwide.
- You can trade with Binance Coin (BNB), trade futures and leverage< /strong>.
Buy BNB With PayPal On eToro
On the other hand, it is possible to find the renowned broker eToro, which has been operating for more than 15 years. Within it you will not only find cryptocurrencies to acquire, but it also has various financial instruments available, such as shares, commodities, futures or currencies.
It should be noted that eToro stands out for its versatility with investors, since it allows them to deposit funds through different means. However, despite not charging fees when loading funds, it does so when buying cryptocurrencies for you; This commission is approximately 2.45% for each transaction and operation carried out within the broker. However, it also allows users to take various teaching courses in the free academy that they offer to their clients.
The academy allows the investor to learn about trading strategies, in order to get the best opportunities in the market and that can generate profits when investing. In addition, it is a totally secure platform with many years in the sector, and has approximately 12 million participants; figure that may be reason enough to trust eToro to buy BNB with PayPal.
eToro Pros
- Academy to learn about trading and be able to identify the best times to invest.
- Possibility to buy Binance Coin (BNB) with PayPal, although it charges a small commission 2.45% for each transaction made.
- Referral system that can reward the investor for inviting their friends to invest.
- More than 15 years operating in the investment industry , which means that it is totally reliable.
- Deposits can be made to the platform using various means, such as bank transfer, Skrill, PayPal, Sofort, among others.
Which Method To Choose To Buy Binance Coin (BNB) With PayPal?
It is necessary to take into account different aspects, in principle the commissions must be considered. Since, as we have told you, eToro charges 2.45% for each purchase or transaction made, although it offers a safe and reliable system, this makes it not very profitable if you are looking to save money or buy cheap BNB.
Binance allows you to make purchases with PayPal without surcharge of transaction fees. In addition, it offers the possibility of carrying out operations or transfers between Binance accounts without additional charge; this regardless of the cryptocurrency you are sending or receiving. The downside is that not everyone accepts PayPal as a payment method to buy Binance Coin. Also, if you want to send your Binance Coin (BNB) to an address that is outside the exchange, you will have to pay transaction fees.
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