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Bitcoin ATMs are available in most major cities around the world and provide a relatively fast way to convert Bitcoin and other cryptocurrencies into government-issued currency. Many Bitcoin ATMs let you buy Bitcoin in much the same way that you deposit money at a regular ATM. This can be said to be very risky, if don’t check very well before trying to use an exchange to cash out Bitcoins to real money. If you happen to be a Nigerian, you can always make use of Luno to sell bitcoins instantly. Cashing bitcoins with Luno exchange is very easy, thought a withdrawal fee will be deducted during the process.

You can fund your PayPal account with Bitcoin at an instant.

Do you want to sell your Bitcoin and receive funds via your PayPal dollar account?

If your answer is yes, then you at the right place, at the right time today!

In this guide, I’m sharing some of the best and working methods to sell your Bitcoins for Paypal money. You can convert your BTC to USD and receive the funds on PayPal.

Let’s dive straight in.

Shall we…?

How to sell Bitcoins to PayPal

For the sake of this tutorial, am going to simply guide you with LocalBitcoin Bitcoin P2P marketplace.

Head over to Localbitcoins
Sign-in or sign-up (if you don’t have account already)
Click on Quick sell
Select your currency, country, and Paypal as a payment option
Find reputable vendor (BTC buyer)

Congratulations! You have successfully sold your Bitcoin investment in exchange for PayPal fund.

Best ways to sell Bitcoins for PayPal

Below are the tested and trusted platforms you should use to exchange your Bitcoin for PayPal as fast as possible.

LocalBitcoins

LocalBitcoins is known as eBay of Bitcoin. This platform connects the buyer with the seller, while serving as an escrow service for the transactions.

On the platform, you have the option to sell your Bitcoins for PayPal money. The key is to find a reliable seller, who will buy the BTC from you.

If you want to learn more, please read my comprehensive review on LocalBitcoin marketplace.

Pros

Available in every country of the world
A diverse selection of buyers and sellers
Supports many payment methods
Buyers get their Bitcoins fast
Private.

Cons

Lack of cryptocurrency diversity
Both sellers and buyers have a chance of being scammed.

LocalCryptos

This platform is very similar to LocalBitcoins, however, this is a non-custodial P2P marketplace. LocalCryptos is a P2P (Peer-to-Peer) marketplace, where people exchange crypto with each other.

On LC, people buy and sell Bitcoin, Ethereum, Litecoin, Dash and USDT crypto on their terms, using any payment method. There are more than 40 payment methods accepted.

Unlike other P2P marketplaces, LocalCryptos keeps you in charge (i.e. you are totally in charge of your cryptocurrency investment).

LocalCryptos takes a different approach. They cut a platform risk by putting you in control of your wallet keys. When trading, only you know your private key – they never take custody of your coins.

Pros

Highly secured
Supports multiple coins
You’re in custody of your keys
Buyers get their crypto-coins fast
Supports several payment methods
Available in every country of the world.

Cons

Limited number of cryptos
Both buyers and sellers can be scammed.

XCoins

xCoins P2P (i.e. Person-to-Person) loan platform provides another way to transfer Bitcoin to PayPal. They do it by offering a secured BTC loan to people.

Although it is officially a lending site, it works more like selling and buying of Bitcoin with PayPal service. You can easily ignore the loan terminology.

To use XCoins, you will need a working PayPal account to accept loan security deposits, plus your interest fees. Fees are much higher than that of LocalBitcoins.

Pros

Available in every country
Simple user interface
Private

Cons

Limited payments options
High interest fees

Paxful

Paxful is a popular digital currency exchange website. Here you can sell your Bitcoin for Paypal to other interested buyers. There is no minimum or maximum limit on Paxful.

Paxful cryptocurrency platform gives vendors the ability to create offers in all currencies.

Pros

Escrow system
Security
Diverse payment methods
Simple user interface (UI)
Wide variety of sellers.

Cons

Buyers and sellers are at risk of being scammed.

Conclusion on selling Bitcoin to PayPal

Currently, these are the best crypto exchanges for transferring your Bitcoins for PayPal instantly. They are tested and trusted, so feel free to use them anytime.

If you want me to suggest the best amongst them all, I will recommend either LocalBitcoins, but mostly advice you to use LocalCryptos due to diverse number of coins.

As Bitcoin adoption is increasing, more similar high-quality services are expected come out in the near future. As soon as something worth sharing pops up again, I’ll notify you.

If you wish to hide your Bitcoin transaction footprints on the blockchain, I will advice you to use a non-log free VPN to remain totally anonymous.

How Do I Convert Bitcoins To Real Money

If you have taken the leap to purchase some Bitcoins, then it’s also important to know how you can cash out. Here is a guide to inform you on how you can convert your Bitcoins or other cryptocurrencies back into Australian Dollars.

Typical Buying and Selling Process

When buying you might typically do this:

Transfer AUD from your bank account to a cryptocurrency exchange such as Coinjar (using BPAY).
In Coinjar you trade your AUD to BTC (you can then either hold it there or transfer your BTC to another wallet or another exchange and trade for other cryptocurrencies such as Ethereum).

When selling you might typically do this:

Transfer your BTC back to Coinjar (from wherever it was).
In Coinjar, trade your BTC back to AUD.
Then transfer your AUD from Coinjar back to your bank account.

How To Turn Bitcoins Into Real Money

There are some other methods you can use to sell your BTC back to AUD, let's take a look at them.

Bitcoin ATMs

Many people agree that using a Bitcoin ATM is one of the easiest ways of converting your Bitcoins into Australian Dollars (and probably the most expensive way too, read below). These types of ATMs are made specifically for Bitcoins and cryptocurrencies and they are available in many major cities across the world, including Australia. These ATMs provide a method for you to convert your Bitcoin into fiat currency.

A Bitcoin ATM is a kiosk that allows a person to exchange Bitcoin and cash. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine.

Source: Wikipedia (https://en.wikipedia.org/wiki/Bitcoin_ATM)

Many Bitcoin ATMs will permit users to purchase Bitcoin with money in much the same way someone would deposit money to their bank account as a regular ATM. Most Bitcoin ATMs will support other cryptocurrencies as well, such as Ethereum and Litecoin. One disadvantage of using a Bitcoin ATM is the fact there are feeswhich is commonly higher on the ATM than an online service. Also, the conversion rates are likely to be lower than other methods as well, therefore means that you won’t receive as much money for your cryptocurrency as you could.

How Do I Convert Bitcoin To Real Money

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