Bitcoin stands out strongly against the background of other cryptocurrencies due to the high value and reliability of the blockchain. Owners of crypto can decide for themselves whether to leave assets on an electronic wallet or exchange them to PayPal (USD) or other fiat currencies. In the second case, there is work to be done to find a verified portal. Exchangers offering such a service vary in terms of conditions and reputation, so a thorough analysis is needed before using them.
Why exchange Bitcoin to PayPal (USD): the main reasons
Exchanging Bitcoin to PayPal may be required in a variety of situations:
- subsequent settlements on Google Ads, Amazon, eBay and other platforms;
- income distribution – if you received payment in BTC, you can transfer it to fiat for your current needs;
- settlements with online stores, suppliers that work exclusively through PayPal;
- payment for subscriptions, advertising integrations and other virtual services, for which Bit Coin is not suitable;
- impossibility of conducting direct exchange of crypto for cash;
- purchasing goods and ordering services on the web via AliExpress, Steam and other platforms;
- fixation of the received profit in order to protect against the volatility of BTC.
In addition, Bitcoin cryptocurrency is not very suitable for periodic payments to relatives or friends who live or are temporarily in another country. It is more reasonable to send money via PayPal, so that the recipient will receive U.S. dollars, which are accepted all over the world.
Transaction with maximum benefit and minimum risk
Freelancers, IT specialists and other professionals who are systematically paid in crypto feel the need to exchange Bitcoin (BTC) for US dollars. PayPal is a system where clients have to pay a commission of 4% for transactions depending on the amount, but the exchange service remains in demand. Specialized services that have a certain reserve of USD help you not to take risks and save time. To determine which one is best suited, you can by the following parameters:
- commission percentage;
- the size of the fiat currency reserve;
- reputation and duration of work;
- the convenience of the interface – it should be Russian-language, intuitive;
- speed of operations – delays are inadmissible, but initially stated parameters may differ (from 5-15 minutes to 1-2 hours);
- conditions of transfer confirmation – some services ask for registration, while others provide services anonymously;
- type of exchanger – automated, manual or semi-automatic.
A hundred percent confidence in the reliability of the platform before providing payment data is necessary. Of the significant disadvantages that should not be neglected – ignored by tech support, hidden conditions of transactions, numerous negative reviews. You can analyze the portals yourself or use BestChange, where 24/7 ratings of the best exchangers are presented.
