From Bitcoin To PayPal : Crypto Exchanging Made Easy
Bitcoin To PayPal: The LimonX Method
Founded in 1998, Paypal is the biggest payment processor for online vendors. The platform is an alternative to traditional payment methods. PayPal system enables internet users to get a secure electronic wallet they can use worldwide. Let’s see how to exchange cryptocurrencies for euros via PayPal.
Why Swapping Bitcoin Into PayPal Money?
There are several reasons that could make you think of converting your cryptocurrencies — and especially Bitcoin — to money.
First, you get to choose the perfect conversion timing: when the exchange rate is profitable, swap your Bitcoins for euros. By keeping an eye on digital currencies’ fluctuations, you will be able to decide when’s the most favorable time to convert your Bitcoin. In order to set your Bitcoins’ value, switch them to Stable Coins — the most popular one being Tether (USDT). It is also called Tether Dollar as this cryptocurrency’s value mirrors the value of U.S. dollar (USD). In other words, 1 Tether trades at $1. This crypto is a Dollar stable substitute preventing price fluctuation. Convert your Tether into euros or swapping them first for dollars, then euros, is also possible.
However, please note that even if Tether claims to back 1:1 by dollars in a bank account, nothing is 100% guaranteed. Meaning this digital cryptocurrency can fall from one day to the next without notice. That is why we urge you not to put all your eggs in one basket and to diversify your use of cryptos. Exchange one part for euros and invest the other in LimonX gift cards for example.
If you’re a Bitcoin owner, you must have dreamt of using your crypto for your everyday shopping. So here’s another great reason to convert cryptocoins into euros.
How To Exchange Crypto For Euros Through PayPal?
No doubt there are plenty of good reasons to trade Bitcoins for euros. Follow our step-by-step guide to know how to use your cryptocurrencies on PayPal.
First things first, we advise you to take a look at the PaySafeCard. If this prepaid card is loadable at local sales outlets, you can also buy a top-up on LimonX with your crypto money. Fill your PaySafeCard up with Bitcoin or any of the other 11 currencies available. After buying your prepaid card and a top-up on LimonX, you can use it to make purchases through PayPal.
We are frequently asked if Bitcoins are redeemable for euros because people are afraid of the currency’s depreciation. The most secure and simple way to do so is by using the PaySafeCard available on LimonX and pay via PayPal.
Need more information? Check out our step-by-step guide on how to use LimonX.
And if you’re curious about cryptos and want to know how to spend them for your everyday expenses, you may also like the rest of our blog’s articles.