Although PayPal is not fully active in all African countries, yet some lucky countries have worked fully for them. Others have PayPal working there but, there are several restrictions and limitations.
For some reasons and activities that happened in the past recent years, PayPal is not available in lots of African countries. Only a few African countries have full access to PayPal, and those that have access have some limitations.
Some can only receive money and spend money, they can not withdraw through their cards and bank accounts like how others do. Because of this, some only have business accounts to receive money online and then spend funds. An example of these countries is Nigeria.
Countries like Liberia, South Sudan, Ivory Coast, Zimbabwe, Gabon, Guinea, Ghana, Sudan and a few other countries do not have PayPal running in their countries at all.
People ask questions like this in Africa, can I have a PayPal account even though my country is blocked and can I purchase cryptocurrencies like Bitcoin, Ethereum, Litecoin, Tether and many others with PayPal in Africa?
The answer is Yes! You can…. In this particular article, we will be enlightening our readers on the procedure to buy Bitcoin with PayPal Funds in Nigeria, South Africa and even every part of Africa.
In this particular guide, we will be using Paxful in our procedures, but we will also list tons of websites or platforms where you can purchase bitcoin with your PayPal funds here in Africa. Individuals not interested in using Paxful can try other listed platforms below.
Websites You Can Buy Bitcoin With PayPal Funds In Africa
Bitcoin can be bought straight on PayPal as well. This option is available only in the United States of America. With this, residents in Africa using a US PayPal account can buy bitcoin straight with PayPal even though they are in Africa.
This is because when a PayPal account is created and the address is verified, once the location of users is changed the verified address of that PayPal account cannot be changed. This means, unless a new PayPal account is created and then verified with the current address. (No more about this on small business chron)
How To Buy Bitcoin On Paxful With PayPal Funds In Africa
Below is the procedure to follow in order to get this done. Individuals willing to use alternative platforms can try Coincola, Coinbase, Binance etc.
The below procedure is going to help residents in Nigeria, South Africa and residents in every part of Africa purchase bitcoin with Paxful within 30 minutes maximum.
- Create or Login into your Account if you have one
- Click on “Buy” and Select payment to “PayPal”
- Now click on the “search”
- Select the offer you prefer from any vendor and start trade.
- Take the details of the vendor and make payment.
- Once payment is confirmed by Vendor, he/she will release your bitcoin.
Once you feel there is a slight misunderstanding, click on the dispute to get that issue settled by a Paxful customer service member.
One thing to know is, almost all the vendors on there wants to receive payment through the “Family and Friends” option.
If your PayPal account does not have these options, and you can’t get a vendor to trade with, we suggest you use any of the listed platforms there.
To trade or purchase bitcoin using Paxful is very simple and easygoing. Trading with a fast and reliable vendor won’t take up to 30 minutes of your time.
Because of safety and other reasons, some vendors will want you to perform more actions in other to prove you’re a legitimate buyer.
The rules vary with every vendor. One of these rules is vendors accepting payment through only the “Family and Friends” option. This means once money is sent to the vendor email, you can not request money back if you are scammed or there is an issue after.
Others also want buyers to send a front and back picture of their ID when buying huge, some BTC like $1,000 upwards. This is to help them do safe business.
Because of these rules by some vendors, many people dislike trading online with PayPal. If you are one of them, try using other platforms like Binance, Coincola, Coinbase, eToro, Capital One etc.
DISCLAIMER: We are not giving 100% assurance that this procedure is going to work for everybody. We won’t be responsible in case of any financial loss. Also, the info on this page is not from a certified financial backer.