Blockchain Blockchain

Buy Cloud Mining with PayPal​

Unlike with credit cards and wire transfers, it is quite difficult to get contracts from cloud mining providers sing PayPal. Even regular exchanges do not offer the method as often as other two options. The reason for such development lies in the fact that PayPal does not allow transactions that involve the exchange of currencies. Since bitcoin and other cryptos are viewed as one, the platform would ban the accounts dung the transfer.  

PayPal also charges relatively high fees of 2.9% + $0.3 for each transaction, making it quite expensive. Compared to credit cards (up to 1.9%) and bank transfers (1%), PayPal is the most costly option. That is why many platforms, cloud mining companies included, bypass the method, even though it is quite popular.

So, if there are no cloud mining providers accepting PayPal as a payment method, what should investors do? You can buy contracts indirectly, by purchasing bitcoins first using PayPal and then use them to get contracts. We go over several of the most popular options in the industry, them being LocalBitcoins and Paxful.

Source: https://www.cryptocoinzone.com/cloud-mining/buy-cloud-mining-with-paypal%e2%80%8b/