Transferring bitcoins to PayPal online is one of the easiest ways to send money online and bypass the traditional banks for that matter. But first you need to know that the PayPal website does not support currencies other than US dollar and they only have a limit of twenty-four currencies at the moment, which include Canada, England, Japan, New Zealand, Swiss franc, Euro, Australian dollar and the Swedish krona. However, this is likely to change in the near future as the company has ambitions to provide more financial services outside the realm of currency trading.
For those who are still unfamiliar with the concept, let us take a brief look at what is involved in using a standard bank like PayPal or any other e-wallet service. Your internet account gets a virtual debit card that contains a balance that is held by you. Every time you make a payment to some content on the web or send funds from your wallet to another one, a transaction gets posted to your virtual account. This is done by connecting your wallet to the Coinbase exchange. Once funded, the exchange converts the funds you transferred to the digital currency of your choice and converts it into the one of your choice, and finally passes it to your virtual bank to cover any pending fees and conversion costs. transfer bitcoin to paypal
When you make transfers to PayPal online, the transaction gets funded and your funds are immediately released. At this point in time, there is no difference between the digital currencies you are using and your local currency. Since all cryptosporms are created equal, there is nothing that makes one currency different from the other. Therefore, anyone can use any of the twenty-four currencies that is listed on the Coinbase exchange without worrying about the conversions being sent and received correctly.
The unique aspect of this transfer service is the fact that it is set up for each individual currency. This means that if you have two currencies, say the EUR/USD and the GBP/USD, you can transfer money to PayPal from either of these currencies. In order to do this, simply click on the “transfer money” button located on the top left corner of your screen and follow the onscreen instructions. After your account has been verified, you will be given your new address which is a unique URL that you should forward any question to your banking provider.
The most popular way to convert to this type of wallet is through the Shapeled wallet platform. Shapeled is the US dollar’s most popular and largest exchange, after the US dollar and the Euro/GBP. Shapeled works exclusively with the US dollar and it provides a user friendly interface for anyone to utilize their US dollar outlay in a hassle free manner. The Shapeled Wallet stores all of your public and private data in the most secure locations. Shapeled also allows for secure wire transfers to any of the twenty-four major currencies, along with the ability to perform one-time cash transactions from anywhere in the world.
If you are looking for an instant, fast way to transfer money to PayPal from any of the twenty-four major currencies, then you need to take advantage of the most secure, easy to use, and private transfer system in the world today. When you choose to transfer your funds to PayPal, you will not have to worry about exposing your private information to third parties. The best Cryptocurrency wallet will always use the strongest cryptography methods available so that your private information is kept safe and secure. Once you have sent your PayPal transaction, you can be sure that your digital currency was converted to the currency of your choice.