How and where to buy Steem Dollars STEEMD with Paypal in 2024
2.99 $ ▲6.01%
If you live in the United States, you can directly buy cryptocurrencies on Paypal. Otherwise, you can wait, as they will soon extend it to other regions.
Don't have a Paypal account yet? If you register through the following link, link a card or bank account and spend or send a minimum of €5, Paypal will give you an additional €10 to spend however you want.
However, the range of cryptocurrencies available on Paypal is also limited, as only Bitcoin, Bitcoin Cash, Ethereum, and Litecoin are available.
As for other platforms that allow buying STEEMD with Paypal, the options are limited, as most exchanges are reluctant to integrate it as a payment method. But there are some options.
Many people use Paypal to buy cryptocurrencies because they think it allows them to maintain a certain level of anonymity. But Paypal is a regulated financial company and shares data with the governments of the countries in which it operates.
However, if you decide to acquire Steem Dollars via Paypal, you will enjoy the advantages it offers: Return guarantee and not having to enter your card on every website where you make purchases.
Unfortunately, there is no platform to directly buy Steem Dollars with Paypal. However, it can be done through the following steps we propose:
- Open an account on an exchange. We always recommend Binance for its great security and low fees. But if you are looking for a less common cryptocurrency, it might be better to open an account with KuCoin, as it has by far the most cryptocurrencies in its catalog. If you register on KuCoin through this link you will have a 5% discount on fees FOREVER.
- Buy cryptocurrencies with Paypal on some of the platforms we mention below in this article. It is most advisable to do it in a widespread crypto, like BTC, or in one with low fees, like LTC, XRP, or some stablecoin. Check the availability of cryptocurrencies on the platform you have chosen.
- Transfer your cryptocurrencies purchased with Paypal to your exchange.
- Exchange these cryptocurrencies for STEEMD.
- Done! You have successfully bought Steem Dollars with Paypal.
How to Buy STEEM DOLLARS with Paypal
eToro is an international investment and financial services platform known for its social trading service, which allows you to automatically copy the investment strategies of top traders.
One of the deposit methods that eToro accepts is Paypal, so you can invest in cryptocurrencies using Paypal without any issues.
Among the available assets are company stocks, ETFs, and cryptocurrencies. However, Steem Dollars is not among them, but you can choose from over 75 other cryptocurrencies to buy with Paypal.
eToro is not a cryptocurrency exchange, but rather a trading platform. This means that you cannot send cryptocurrencies to an external wallet, only hold them on the platform. Nonetheless, it is an easy-to-use app and perfect as a first step to start in the world of cryptocurrencies.
How to Buy STEEM DOLLARS on Paxful
Paxful is a P2P cryptocurrency exchange platform. It acts as an intermediary for the exchange of bitcoin between individuals.
Although its range of cryptocurrencies is limited, Paxful is known for its large number of payment methods, with more than 350 available. Among them, one of the most widespread is Paypal.
Identity verification for Paxful users is not mandatory if you transact less than $1000 annually, although this can vary by country.
However, even though Paxful offers protection against scams, it is always necessary to be cautious when operating on P2P platforms. You can see their recommendations in the following video. Below, we also provide some recommendations.
- Always make sure that the URL of the site is that of Paxful: https://paxful.com
- The device from which you access and your email must be secure.
- Beware of phishing: Never give your credentials to anyone and only enter them on Paxful's website. Use a unique password.
- Activate two-factor authentication.
- Bitcoin transactions are irreversible: Never release your cryptocurrencies from the escrow until you have received the payment.
- Thoroughly research the seller: Check their reputation and history and verify that their payment information matches their profile.
- Never trade with users who have not verified their identity on Paxful.
- Be cautious with files or links sent by other users of the platform: They may contain malware or phishing techniques.
- If you are a buyer and have paid for your cryptocurrencies, never cancel the trade. Instead, open a dispute with the seller.
- If you have any other problems or questions, contact Paxful's support department.
Although all these warnings may seem a bit intimidating, the reality is far from it. Paxful is a safe and widely used platform worldwide. Additionally, they have an escrow service for buyers in case of being scammed.