Buying any cryptocurrency or bitcoins with PayPal or a Prepaid Credit Card can be confusing as well as big hassle. Bitcoin was supposed to be fast. Bitcoin was meant to be flexible. Bitcoin was designed to be a currency that everyone could use without interference, unnecessary friction, or problems. As a service that many find convenient and useful, PayPal would seem like a good fit for Bitcoin, too.
Unfortunately, the reality has sometimes come up short of those ideals. Given the delays and difficulties that are so common with exchanges, even just acquiring some Bitcoin to get started with can be troublesome. Some peer-to-peer marketplaces might have initially seemed promising, but the slow, manual intervention and negotiation they required was generally anything but convenient.
Wire transfers can take days and using open credit cards can be a bit scary with some exchanges. PayPal is the world’s most popular on-line payment system. According to the analysis by knightsbridgefx.com, by allowing a trusted third party to handle their financial information, PayPal users benefit from faster, more secure, more convenient transactions on-line. Many people today even use PayPal so frequently that they build up significant balances in their accounts.
Unfortunately, those who try to buy Bitcoin with PayPal often run into roadblocks. Even when exchanges accept PayPal for funding, they tend to impose delays of several days or more before making Bitcoin available. Whether for people with balances they’d like to draw down or those who simply appreciate the convenience of the service, using PayPal to buy Bitcoin has been too difficult in the past. In fact, it has often seemed as if for those who want to buy Bitcoin PayPal was just not a realistic option.
Fortunately, that is no longer the case at all. xCoins makes it easy to use PayPal to receive Bitcoin quickly or even instantly. Instead of waiting days for an exchange transaction to clear, xCoins users see their Bitcoin wallet balances grow right away. Instead of being forced to hand bank account information to an exchange, xCoins users can stick with the PayPal service they already know, use, and trust and without needing to wait.