If you want to invest in the crypto currency Bitcoin, there are ultimately two options available. On the one hand you can buy physical coins via a crypto exchange, on the other hand there are already a few brokers who offer trading in crypto CFDs. In both cases the risk should not be underestimated.
If you decide to trade CFDs, you bet on falling or rising prices – here you do not invest directly in the respective crypto currency, but only bet on the development of the respective currency. On the other hand, if you buy physical coins, you have to hope that the price climbs – in this case you only make a profit if the price of the crypto currency is higher at the time of sale than at the time of entry.
The two variants may have little in common, but there is one common link: PayPal. If the provider accepts PayPal, you can of course also use the services of the online payment service.
Probably the most important question – does the broker accept PayPal?
If you are interested in CFD trading, you should get to know the various providers in advance. In the course of the comparison it is also advisable to take a look at the experience reports. In the internet there are numerous experience reports as also test reports, so that one gets relatively fast an overview whether it is a recommendable provider or one should better leave it alone.
The provider Plus500 is particularly recommended. Here you can not only trade Bitcoin – other crypto currencies such as IOTA, Ethereum, EOS, NEO or Ripple are also available. The company is based in London and is regulated by the Financial Services Authority (FCA). Plus500 is – and has been for several years – one of the best known and most secure online brokers.
Plus500 is especially interesting if you want to top up your credit via PayPal. The customer must click on the menu item „Trade“ and then click on „Deposit“ to reach the capital management page. Here you can find out not only the account balance, but of course you can also view past transactions.
If you would like to make a deposit, you must click on „PayPal“ as the deposit option. Now the desired deposit amount – the minimum amount is 100 euros – and the e-mail address deposited with PayPal must be entered.
The whole process takes only a few minutes. After the transaction is completed, the money can be accessed immediately.
eToro also accepts PayPal
Although eToro was a pure CFD broker until 2018, it now also offers the possibility of purchasing physical coins. So if you speculate that the Bitcoin exchange rate will climb in the near future, you should therefore put your money into the mother of all crypto currencies.
Warum hier gerade eToro erwähnt wird? Not only is Commerzbank a shareholder, eToro also has a valid license under EU law, fulfills all standards regarding investor protection and deposit insurance and also has its own wallet.
Furthermore eToro accepts the online payment service PayPal. Simply click on the „deposit“ button and then select „PayPal“ as payment method. This process also only takes a few moments – the money is also immediately available here.
Will Bitcoin soon climb over the 20,000 US dollar mark?
Anyone who invests via a platform, such as Bitcoin Profit, should definitely consider that it can always go the other way. Even if the Bitcoin is currently experiencing a boom, this does not mean that it will continue. Of course, there are promising forecasts that see the crypto-currencies already at over 20,000 US dollars – but it can always go in the other direction, and the year 2018 in particular has shown this impressively, when Bitcoin lost around 80 percent of its value.
So if you invest in Bitcoin, there is no guarantee of profit. No matter how promising the forecasts are, losses must never be ruled out. For this reason, it is also advisable to only invest amounts that you are allowed to „lose“.