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To prevent identity theft or fraud, you'll need a photo id to make sure it's really you.
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Seeing as paypal is a global payment system, it doesn't matter which country you choose! Once they do, their bitcoin is locked into an 'escrow'. On the homescreen (the payments screen in the app) select the buy bitcoin and more banner, displayed toward the top of the page. Through paypal, you can now open the app, click the crypto tab, and buy a fraction of a bitcoin for as little as $1! We call these payment methods. Credit cards allow for speedy purchases, while bank transfers offer the cheapest rates. If you are in the us use cashapp or kraken stay away from coinbase. The first, and most convenient method, is to purchase cryptocurrencies using your paypal account. For cryptocurrency fees, click here. On paypal, you are not buying bitcoin, you are simply buying a promise. However, most of the time, in order to buy bitcoin with paypal, you will have to trade your paypal money for cash or money into your bank, and use one of these options. The fees will be high, no anonymity, and it can take a long time. Added with square's cash app, both fintech firms are buying up more than all the newly minted bitcoins.
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