BitDeer Founder amp CEO Celine Lu Attended Bitcoin 2019 to Discuss the Driving Force Behind Bitcoin

BitDeer Founder & CEO Celine Lu Attended Bitcoin 2019 to Discuss the Driving Force Behind Bitcoin

                                   

San Francisco, CA – On June 25, Celine Lu, Founder & CEO

of the world’s leading computing power sharing platform BitDeer.com, was invited to share her insights of the Bitcoin community and cloud mining industry at Bitcoin 2019.

In her speech entitled “BitDeer: The New Driving Force Behind Bitcoin”, Celine Lu gave a thorough introduction of BitDeer.com, the pioneer computing power sharing platform aiming to solve the problem of low efficiency in the Bitcoin mining industry and lower the barrier to entry for individual miners to gain Bitcoin. Celine also shared her vision of restoring the fundamental principle of decentralization to the blockchain community.

To provide a reliable and transparent way for global crypto community members to mine Bitcoin and other PoW cryptocurrencies, Celine launched BitDeer where users could start mining within merely 10 minutes of placing an order on December 2018. With its proprietary real-time computing power allocation technology, BitDeer is the first shared mining platform to truly implement the segmentation and allocation of computing power. Users can now purchase his share of computing power segmented by terahash. In order to save its customers from the hassle of purchasing and installation of heavy and noisy mining equipment, BitDeer has also partnered with eight out of the top ten largest Bitcoin mining pools in the world including BTC.com, AntPool, F2Pool, and ViaBTC. Users are enabled to choose and switch between the world’s top mining pools, monitor the mining process and receive daily payouts directly from the designated mining pool to his chosen wallet address

Celine Lu also shared some interesting statistics about BitDeer.com with hundreds of audience:

  • 1 million monthly active users
  • More than 5 million visits
  • 300% sales growth within the last three months
  • Ranks at top 3 in cloud mining market share
  • Customers from 223 countries and regions all over the world
  • Repeat purchase rate is over 80%
  • 4 orders placed by each user every month
  • The biggest spender has purchased a total amount of over USD $7.68 million, with at least USD $7.27 million in return
  • Stable daily platform output of over 100 BTC even during the bear market

Through an exclusive strategic partnership with Bitmain, the largest manufacturer of cryptocurrency mining equipment by market share, BitDeer.com is now working with professional and top-notch mining facilities all over the globe including the U.S., Canada, Russia, Northern Europe, and China. With sufficient miner supplies, miner slots, and a cutting-edge automated computing power monitor system, the platform is proud to provide its global users support from a team of world-class operations and management experts.

Celine Lu concluded her speech by restating BitDeer’s vision and dedication to a healthier cryptocurrency mining ecosystem and a more transparent cloud mining industry, echoing her appeal during the 2019 China Mining Industry Summit in Beijing two weeks ago. Hosted by BitDeer.com and joined by hundreds of mining industry leaders in China, the summit introduced the Cloud Mining Industrial Standard Draft to highlight the following key points:

  • Computing power in the cloud mining industry should be transparent and traceable.
  • The industry is advised to develop an open and fair product model, in which users will receive direct payouts from mining pools, hence no cloud mining platform should be an intermediary for users’ earnings.
  • All platforms are expected to keep the computing power fluctuations within certain limits. For example, the fluctuation rate for 98% of the total computing power should be kept within 3%; and the number for 85% of the total computing power should be 1%.
  • Mining facilities connected with platforms must ensure that at least 98% of the miner hardware is powered on and online for at least 98% of the time.
  • Miner hardware deployed by platforms must limit the computing power fluctuation rate within 5%.

As one of the most enthusiastic members of the Bitcoin community and a pioneer in the mining industry, BitDeer.com will spare no effort to bring higher value to its global users and build a well-developed ecosystem to fuel the whole industry.

Article Produced By
Adrian Mathiau

https://cryptocrimson.com/bitdeer-founder-ceo-celine-lu-attended-bitcoin-2019-to-discuss-the-driving-force-behind-bitcoin/

 

Bitfinex Allows 100X Leverage Potentially Boosts Bitcoin BTC Speculation

Bitfinex Allows 100X Leverage, Potentially Boosts Bitcoin (BTC) Speculation

Until recently, Bitfinex only allowed low-grade leverage, but has moved to mimic the high-risk strategy of Bitmex.

                                 

Bitfinex may add another level of risk to the Bitcoin market,

by dramatically increasing leverage. This allows traders to take risky positions and make bets on the move of Bitcoin (BTC) through loaned funds. But high-leverage margin trading is also extremely risky, potentially leading to extreme losses. The risky addition, still in limited mode, was announced by Paolo Ardoino, CTO of Bitfinex. In effect, increasing the possibility for lending and margin trading will also increase the influence of Tether (USDT), which is one of the assets loaned on the exchange. Margin trading at low rates has been available for multiple markets, including Binance and Poloniex. Bitmex offers high-leverage margin trading, and is considered one of the riskiest markets for position liquidation. Margin trading, in the end, benefits the exchange if risky traders get liquidated.

Bitfinex announced the margin trading at a time when skepticism about the exchange is on the increase. The market operator, sharing connections with Tether, Inc., has added the Unus Sed Leo (LEO) token to its mix, adding another layer of speculation. Bitfinex has been accused of adding assets out of thin air, and using its earnings and liquidations to gain BTC and potentially, fiat. Currently, Bitfinex holds only around 14 million USDT, but also hosts nearly a billion LEO tokens. The added liquidity through leverage is seen as a danger for distorting

BTC prices.

So now USDT is 26% backed by bfx shares that's backed by x100 margin trading with LEO trading rebates. Satoshi must be proud.

The announcement arrives at a time when BTC climbed once again above the $11,200 range, setting yearly highs. The price spike is happening after months of adding USDT to the market, increasing volumes for the leading coin and leading to suspicions for concerted market manipulation. The risk of margin trading for digital assets is also higher, since crypto assets have been known for large fluctuations. Bot trading, buyers rushing in or order manipulation lead to much larger price swings and much easier liquidation for leveraged positions.

Article Produced By
Christine Masters

Business writer with a knack for bubbles and market madness. Has tracked it all: the financial crisis of 2008 and the implosion of Lehman Brothers; bank bailouts and peak gold and silver, penny stocks…and now Christine has moved to cryptocurrencies for fresh stories.

https://cryptovest.com/news/bitfinex-allows-100x-leverage-potentially-boosts-bitcoin-btc-speculation/

Craig Wright Fails To Disclose Bitcoin Holdings After Court Order Might Face Sanctions Soon

Craig Wright Fails To Disclose Bitcoin Holdings After Court Order, Might Face Sanctions Soon

Craig Wright has failed to disclose his Bitcoin holdings as on 12th December 2013,

after a court in Florida ordered him to do so in May this year. This could make Wright liable to strict action by the court if the show causes notice demanding the reason for failure to disclose his BTC funds is not answered sufficiently. The information was posted by Lawyer Vel Freedman of the law firm Boies Schiller Flexner.

If Wright fails to satisfy the court, he is expected to face serious charges for contempt. The holdings were to be disclosed in a suit filed by the estate of David Kleiman, Wright’s deceased partner in the W&K Info Defence Research LLC. David’s daughter and estate representative, Ira Kleiman has accused Wright of stealing several hundreds of thousands of Bitcoins held by David and/or by W&K Info Defence. The court had asked Wright to be present in person in the court, rejecting his application to allow presence by video conferencing or via mediation. On June 17, Wright submitted a few documents which were restricted by the judge on the behest of Wright’s request.

Failing to show his Bitcoin holdings also makes for evidence proof that Wright is not Nakamoto, no matter how much hard he tries the world to convince. The only thing which he will achieve is an embarrassment. In the case in question, he is accused of theft of Bitcoins which did by faking the signature of the deceased and solely acting on behalf of the company, without any approval from the deceased’s estate. After his failure to submit the holdings, the plaintiff has requested the court to direct Wright to reveal the identity of the current and past trustees and beneficiaries of W&K Info Defence Research. The order which came out in

May stated,

On or before May 15, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce all transactional records of the blind trust, including but not limited to any records reflecting the transfer of bitcoin into the blind trust in or about 2011. The production shall be accompanied by a sworn declaration of authenticity.

Wright has clearly failed to comply and is having a hard time to maintain the claim of being Nakamoto, and the legal fence is closing on him.

Article Produced By
Roxanne Williams

Roxanne has recently joined as a market reporter for CryptoNewsZ – the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

https://www.cryptonewsz.com/craig-wright-fails-to-disclose-bitcoin-holdings-after-court-order-might-face-sanctions-soon/27703/

Bitcoin Moonshot: 5 Reasons Why BTC Price is Going to 10000

Bitcoin Moonshot: 5 Reasons Why BTC Price is Going to $10,000

                               

After more than 440 days of a worsening bear market, BTC seems to be in better shape this year, aiming for $10K.

Bitcoin (BTC) is getting closer to the $10,000 range, possibly just a few days away. After the extended bear market that roughly continued from January 2018 to March 2019, BTC faced a series of challenges but seems to be in much better shape now. The trading remains risky and unregulated, but prices have moved away from their stagnation. BTC seems set to test the $10,000 range for these chief reasons:

Tether (USDT) Record Supply:

USDT-based trading remains instrumental for ensuring BTC sees enough liquidity. In the past weeks, new printings increased the Omni layer supply of USDT to above 3.54 billion, with another 900 million on the Ethereum (ETH) network. This additional liquidity allows exchanges to boost trading, and for traders to react quickly.

Self-Fulfilling Prophecy:

With BTC a few hundred dollars to the $10,000 tier, the bidding may lead in that direction. Even if a retreat from that range happens, touching $10,000 would be quite encouraging to the market. BTC has been capable of adding hundreds of dollars within an hour, and the proximity of the $10,000 range may be encouraging. Adding bot-trading activity to the mix may move the prices even faster.

Peak Mining:

Bitcoin’s network marks record hashing power, and mining remains as competitive and important as ever. With miners voting confidence for the asset, prices may receive a boost from the news of a record hashrate. Interest in mining and network usage at rather robust levels mean BTC gains legitimacy, also due to the higher network security.

Altcoin Season Delayed:

Currently, the bigger gains may be found with BTC growth, while altcoins remain fickle and offer only sporadic gains, highly unpredictable. Only a handful of altcoins are receiving investments from BTC, while smaller coins and tokens trade on niche markets powered by stablecoins.

Exchanges Limiting US Traders:

With less US-based trading for altcoins and tokens, speculation is redirected to the leading coin. At the same time, Asian markets are reawakening, also boosting the volumes for BTC speculation. US-based trading also reveals growing institutional interest, and the indication that regulators are willing to allow some form of BTC investment provided limits to volatility and higher transparency. With Bakkt futures coming up in July for testing, BTC continues with a baseline of optimism.

Article Produced By
Christine Masters

https://cryptovest.com/news/bitcoin-moonshot-5-reasons-why-btc-price-is-going-to-10000/

Bitcoin Price Analysis: BTC Price Hovers Around 11000 Recording A 15 Month High

Bitcoin Price Analysis: BTC Price Hovers Around $11,000, Recording A 15 Month High

Bitcoin took the longest jump by crossing $10,000. ,

and now the price is moving at a steady speed to reach $12,000. The first leap of the day helped the coin to touch $10,000. Bitcoin started walking towards $10,000 from 16th June. On the same day, the coin touched $9300 twice in a row. On 17th June 2019, BTC reached $9400, and since then the marketers were eyeing for $10,000. Well, the significant digit has finally broken and valiantly moving towards $11,500 is the next significant milestone before touching $12,000. Bitcoin was found trading at $10,000 in March 2018, and it took over a year for the currency to fight its way out.

Current Statistics of BTC Price:

  • The price of Bitcoin is $10,719.0.
  • The return on investment (ROI) stands at 7,834.58%.
  • The circulating supply of Bitcoin is around 17,772,962 BTC.
  • The market capitalization is noted as $190,801,306,708.
  • The 24hr volume of bitcoin is $24,953,073,535.

Price analysis chart of Bitcoin (BTC):

As per the BTC chart of Trading View on 22nd June 2019, at 07:43:15 UTC price analysis, the BTC to USD price is reflecting an enormous movement in price in the last 24 hours. As soon as the coin opened in yesterday’s market, it jumped from $9568.7 to $9826, marking a progression of 2.6%. The coin continuously moved upwards since then. The only drop that took place yesterday was at 13:25 UTC where the coin slipped from $9914.9 to $9718.8. The long lost wish of the investors came true during the end of the day when the price took off from $9967 to $10,236. Today, the coin opened at $10,227 and climbed to $10,953, marking a progression of 7.10%. It is expected that Bitcoin will cross $11,500 soon.

Bitcoin Price Prediction and Conclusion:

The current scenario of Bitcoin is similar to what happened in 2018. After crossing $10,000, the coin only spends half a month to cross $20,000. The counter seems farfetched, but it won’t be unachievable if BTC crosses $12,000 soon.

Article Produced By
David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

https://www.cryptonewsz.com/bitcoin-price-analysis-btc-price-hovers-around-11000-recording-a-15-month-high/27420/

Bitcoin Price Approaches 10000 as Total Market Cap Exceeds 300 Billion

Bitcoin Price Approaches $10,000 as Total Market Cap Exceeds $300 Billion

                                

Bitcoin price sets a new 2019 all-time high reaching $9,800.

Also, the majority of the top 100 altcoins are in the green zone as the total market cap exceeds $300 billion.The last time when Bitcoin was at $9,820 we were in a bear market. However, the last time before April 2018, was November 2016, and we were in a constantly rising bull market. When looking at 2017 levels, after $9,800, Bitcoin price reached $20,000 in less than a month. Can we expect a similar increase sometime soon?

Today Bitcoin price surges up with +6%. The overall cryptocurrency market is seeing only green with the total market cap going pass $300 billion. Back at the end of 2017, the start of 2018, the overall market cap had reached its peak when it almost touched $800 billion but failed to hold that level as it heavily dropped to $425 billion in less than a month. The cryptocurrency markets seem to be recovered as it looks like the bottom was reached on December 2018, when the price of Bitcoin was at its 2019 lowest – $3,200. Some speculate that this is in the shadow of the upcoming Bitcoin Halvening in 2020 when the daily Bitcoin supply will be cut in half. Usually, after every halvening, Bitcoin price has seen a significant increase.

Other Alts Follow Bitcoin

Since it is known that altcoins usually follow the price fluctuations of Bitcoin, this time is no exception. As Bitcoin rises +6% today, the majority of altcoins also sets new 2019 all-time highs. For example, Ethereum is the top gaining altcoin, going up almost +8% today. Ethereum also sets a new 2019 high, reaching $290. Additionally, Binance Coin still is sitting on an ever-growing price rise, reaching all-time highs of $37.80. This could be the impact of the recent BNB Elrond (ERD) token sale lottery where users have to accumulate an average BNB amount for 9 days in order to qualify for a lottery ticket in the Elrond token sale.

Moreover, Bitcoin Cash is also one of the top gainers out of the top 10 most popular cryptocurrencies, surging +7% today. Also, XRP finally rises almost +4%, even though it declined after the big news of a partnership with MoneyGram. However, on the biggest gainer and loser side of CoinMarketCap, we see many “dead” altcoins pumping as much as +400% and even more.

Gold Reaches Its Highest Levels Since 2013

While today we celebrate the rise of cryptocurrencies, the traditional commodity king – Gold, also touched new 5 year highs, reaching $1388. This happened after Wednesday’s FOMC meeting, where the US central bank

left interest rates unchanged.

“US Treasuries rallied on the heels of the Fed news, sending yields lower. Bond yields typically fall when investors expect a rate cut. On Thursday, yields on the 10-year US Treasury bond fell below 2% for the first time since late 2016,” writes FXStreet.

Some even say that this is tied to the geopolitical tensions in the Middle East. In an Iranian shooting, a U.S. drone got shot down on Thursday. This action boosted oil prices and supported safe-haven assets.

Article Produced By
Janis Rijnieks

https://www.coinspeaker.com/bitcoin-price-10k-market-cap-300b/

 

Tom Lee Has a New Price Target for Bitcoin – USD 40000

Tom Lee Has a New Price Target for Bitcoin – USD 40,000

                                

Bitcoin is just at the beginning of its bull run, and it will easily surpass its all-time-high,

said Fundstrat Global Advisors’ research chief Tom Lee. According to him, what could power the strong rise in Bitcoin’s price is FOMO (fear of missing out). On Monday, in the note to clients Lee wrote that Bitcoin can reach as high as USD 40,000, Bloomberg reported, noting that it might happen "within a few months". However, Lee later tweeted that Fundstrat is "not predicting USD 40k by Dec.", without elaborating. In either case, according to the note, the trigger for FOMO would be a breach of the USD 10,000 level, supported by better market transparency and integrity.

In January 2019, he said that USD 25,000 per Bitcoin forecast is a good value for the cryptocurrency. Now, Bitcoin is trading above the USD 9,000 level for the fourth day in a row. It has been at this level only 4% of its history, Lee stressed in an interview with CNBC. “We’re deep into a bull market, and people are pretty silent about it”, the bitcoin bull said. Facebook has just announced its Libra coin yesterday, but it’s not slowing down Bitcoin, which saw a rise of 146% this year alone. In regards to how it’ll progress from now on, as a guest on CNBC’s “Futures Now” on Tuesday, Lee said that Bitcoin will ultimately become a reserve currency in crypto. Furthermore, “I think bitcoin is easily going to take out its all-time highs” of USD 20,000 from December 2017.

Facebook’s announcement is “a complete validation that mainstream is now focused on cryptocurrencies”, Lee says, and it destroys the argument of believing in blockchain, but not in cryptocurrencies. Still, the main thrust of it revolves around the idea of decentralized finance, he said. “I think it is more targeted at stablecoin and creating a new kind of banking system, and it’s very complementary to bitcoin.” And while current developments are bullish for Bitcoin and bad for stablecoin and anyone who’s been trying to do decentralized finance, as Lee explains, the stablecoins will likely not drop in value. Those that grow are those that are widely used, “that’s why Tether’s done so well, and I think Libra’s ultimately going to be one of the dominant stablecoins”, though convertibility will be an issue, says Lee.

CNBC added that Lee wrote in his latest note to clients that he felt there was a lack of conviction in regards to bitcoin’s recent rally, based on his last week’s attendance at the CryptoCompare Digital Asset Summit in London. He wrote that many in the crypto sphere were hesitant to agree that the crypto winter was indeed over, saying that they are worried about persistent volatility in altcoins, fundraising issues in the digital currency market, general bearishness, and remaining concerns from crypto’s 2018 drop.

Meanwhile, Jehan Chu, co-founder and managing partner at Kenetic Capital, a blockchain investment and advisory firm, recently estimated that bitcoin will reach USD 30,000 by the end of the year. “We could go as low as the 6,000 level,” he said in an interview with Cryptonews.com, but finds that various developments, increasing number of institutions coming into the crypto space, and the announcements by major companies might potentially cause a massive rally.

Article Produced By
Sead Fadilpaši?

Sead is a staff journalist at Cryptonews.com who covers cryptocurrency and blockchain news daily, writes analysis pieces, tests blockchain and cryptocurrency products. He's based in Sarajevo, Bosnia and Herzegovina. Prior to joining Cryptonews.com he was a freelance, also was a journalist for Al Jazeera web. He spends his free time in music studios, recording songs for movies and cinema. Loves to break gadgets so he could fix them, enjoys exploring new music and loves tasty and equally unhealthy food.

https://cryptonews.com/news/tom-lee-has-a-new-price-target-for-bitcoin-usd-40-000-4069.htm

Hong Kong protestors buy Bitcoin over fears of mainland control

Hong Kong protestors buy Bitcoin over fears of mainland control

                                 

Protests against a controversial extradition law resulted in Bitcoin trading

at a premium in Hong Kong. BTC has been trading between $75 and $160 over the global average on local exchange Tidebit, with many experts believing an even bigger premium will follow.

Protests over controversial law push millions into the streets of Hong Kong

Bitcoin has seen its value skyrocket in Hong Kong, where weeks of political tension have culminated in a city-wide protest. According to the BBC, almost 2 million people took to the streets of Hong Kong in response to a controversial extradition bill. The proposed law would allow Chinese authorities to extradite any Hong Kong citizen to mainland China—a notion many citizens believe would stomp on the freedoms they enjoy through Hong Kong’s autonomous status.

Protestors demanded the resignation of Hong Kong chief executive, Carrie Lam, as well as the complete removal of the proposed legislation. However, despite the government’s decision to suspend the law “indefinitely,” many residents are still worried about the increase in control China could have over the city. Many wealthy Hong Kong residents have already started moving their funds offshore. According to Reuters, the extradition bill would allow Hong Kong courts to freeze and confiscate assets related to crimes committed on the mainland beyond an existing provision covering the proceeds of drug offenses. Financial advisers and lawyers have already started gearing up for a mass migration of funds to other safe havens in Asia, particularly Singapore.

The tycoons turn to Singapore while the citizens turn to Bitcoin

While Hong Kong tycoons were busy with transferring their funds to Singapore banks, Hong Kong residents were also trying to find a way to diversify their assets and keep them away from prying Chinese hands. Since the start of the protests, a noticeable uptick in Bitcoin’s trading price has been noticed in Hong Kong. Local cryptocurrency exchange Tidebit has seen the price of BTC skyrocket, reaching prices almost $160 higher than the global average (roughly a 1.5 percent premium).

Mati Greenspan, the senior analyst at eToro, pointed out that 1 BTC was going for over 73,000 HKD, or around $9,337. While Bitcoin has seen its price grow significantly over the weekend, its price on Tidebit was $159 above its average global rate. There has also been a steady rise in demand for Bitcoin Cash (BCH) on Local.Bitcoin.com and Paxful, with Hong Kong buyers looking to purchase the Bitcoin offshoot both for cash and other alternative means of payment. Many experts predict an even further increase in premium in Hong Kong, as its residents seem eager to continue the protests.

Article Produced By
Priyeshu Garg

https://cryptoslate.com/hong-kong-protestors-buy-bitcoin-mainland-fear/

New Milestone for Bitcoin: Over One Million Daily Active Addresses

New Milestone for Bitcoin: Over One Million Daily Active Addresses

                                  

The number of active addresses on the Bitcoin blockchain

has recently surpassed one million, a figure the flagship cryptocurrency hasn’t seen since late November of 2017, when it was on its way to an all-time high close to $20,000. The number of daily active addresses essentially defines the number of unique “from” or “to” addresses being used in a single day, and doesn’t mean there are one million users transacting BTC per day.How many people use the Bitcoin blockchain per day isn’t clear. While various companies in the cryptocurrency space have revealed they have millions of users, how many of these merely buy and hold coins is unclear. While the number of unique daily active addresses seems to not show much at first, it indicates that most transactions in the cryptocurrency space aren’t just being made by large cryptocurrency exchanges, and that adoption is slowly growing.

Cryptocurrency researchers Kevin Rooke noticed the number of daily active bitcoin addresses surpassed the one million milestone, and noted that the last time it occurred BTC was trading at $9,350, with the median transaction fee being of $3.23, while the median transaction fee is now less than half of that. Curiously, shortly after reaching the one million milestone, bitcoin’s price started rising, from $8,450 to a $9,300 high. At press time, CryptoCompare data shows the cryptocurrency’s price corrected, and is at little over $9,000. As covered one of the factors behind the flagship cryptocurrency’s price rise could be Facebook’s entry into the crypto space. Jeremy Allaire, the CEO of Circle, noted yesterday he sees BTC surpass the $10,000 mark by June 21 because of it.

Article Produced By
Francisco Memoria

Francisco is a cryptocurrency writer who's in love with technology and focuses on helping people see the value digital currencies have. His work has been published in numerous reputable industry publications. Francisco holds various cryptocurrencies

https://www.cryptoglobe.com/latest/2019/06/new-milestone-for-bitcoin-over-one-million-daily-active-addresses/

How To Sell Bitcoin for PayPal Convert your Bitcoins to USD via PayPal Instantly

How To Sell Bitcoin for PayPal – Convert your Bitcoins to USD via PayPal (Instantly)

                            

Do you want to sell your Bitcoins and receive funds via PayPal?

If your answer is yes, then here I’m sharing some of the best and working methods to sell your Bitcoins for Paypal money. You can Convert your Bitcoin to USD and receive the funds via PayPal. Here are some of the supported and tested platforms that you can use today:

  1. Coinbase
  2. ChangeX
  3. Localbitcoins

How to Sell Bitcoins for PayPal:

Coinbase:

Coinbase is the world’s most popular cryptocurrency exchange that let you withdraw funds via PayPal. You can either withdraw cash to PayPal or sell crypto to your PayPal account. This feature is available in the selected region, and if your region is supported for PayPal payouts, you will see an option to connect your PayPal account to Coinbase account.

To get started,

  • Head over to Coinbase.com
  • Create an account and complete all identity verification steps
  • Go to Settings > Linked Account and click on the link an account
  • Select Paypal (If you see it) and connect with your PayPal account

Here are the limits imposed on PayPal withdrawal by CoinBase: At this moment, the supported regions are mostly from USA, Canada, UK, Europe, and a few other countries. If Coinbase doesn’t work for you, no need to lose your heart. Other websites let you sell Bitcoin for PayPal money. Let’s have a look at the second best option. Create an account on CoinBase

ChangeX:

ChangeX is a popular digital currency exchange website. Here you can deposit Bitcoin and withdraw funds directly to your PayPal address. In a single transaction, you can convert Bitcoin worth $800. I know the limit is not high, but it works flawlessly.

To use the Bitcoin to PayPal feature, here is what you need to do.

  • Head over to ChangeX website
  • Click on register and create an account
  • Select BTC under “Exchange from” and PayPal under “Exchange to” section.
  • Enter the PayPal email address

Make the Bitcoin deposit, and within some time, you will receive funds to your mentioned PayPal address. Changex is one of the best ways to cash out your Bitcoins to PayPal.

Localbitcoins:

Localbitcoins is known as eBay of Bitcoin. This platform connects the buyer with the seller, and you have the option to sell your Bitcoins for PayPal money. The key is to find a reliable seller.

  • Head over to Localbitcoins
  • Click on Quick sell
  • Now, select your currency, country, and Paypal as a payment option (See screenshot below)

The left column consists of the name of the seller, the number of successful transactions and reputation. Another factor you want to consider is the price and limits. Some of the sellers offer high selling limit, and some of them have a low limit. Click on the price to read more info about the offer. Read the terms of the trade and make sure you can comply with them. For example, here are one Sell bitcoins using Paypal with US Dollar (USD) offer looks like: Click on “Send trade request,” and then after that, you can start the transaction. If you don’t have an account on Localbitcoins, then create one.

Conclusion: Bitcoin to PayPal Exchanges

For now, these are the best option for you to cash out Bitcoins to PayPal. As the Bitcoin adoption is increasing day by day, I’m expecting more similar high-quality services will come out in the near future. As soon as I find something worth sharing, you will get notified as well.

Article Produced By
Harsh Agrawal

Howdy, Welcome to popular Cryptocurrency blog 'CoinSutra'. I'm Harsh Agrawal, a tech enthusiast & Digital nomad from New Delhi, India.I started CoinSutra to help users around the globe to learn about popular Cryptocurrencies.Here at CoinSutra I write about Bitcoin Wallet, Cryptocurrency wallets, Online Privacy & Security, VPN experiences & making money from Crypto.