Bitcoin and crypto: PayPal for the bitFlyer exchange

Handshake signed between bitFlyer and PayPal: thanks to the consequent integration between the services, the millions of European users who rely on the payment system (the number has grown significantly in recent months) can deposit funds on the platform and then buy cryptocurrencies such as Bitcoin in a secure way.

Crypto can be bought with PayPal on bitFlyer

For the exchange (active in Europe since January 2018) this is a step forward in the path aimed at making crypto trading is increasingly accessible, bringing even those who have never experienced it and are not familiar with this type of operation. Below is the comment by Andy Bryant, COO of bitFlyer Europe.

We are pleased to offer users the opportunity to use their PayPal accounts to deposit funds dedicated to the purchase of cryptocurrencies. Thanks to the integration with PayPal, bitFlyer adds a new source of funding to its users. Thousands of bitFlyer users already use PayPal for fiat transactions. Now, users can buy bitcoins and other crypto currencies in the same way.

With PayPal integration, an alternative to more traditional payment methods already supported such as wire transfers is therefore offered, eliminating waiting times necessary to have the funds credited. We close with the words of Jacek Bastin, Business Strategy Manager of bitFlyer Europe.

The world of cryptocurrency is still in its infancy and, despite the growing ecosystem, the sector is still daunting for non-experts. About a third of e-commerce payments in Europe are processed through PayPal, so we are more than thrilled to provide users with a deposit method they know and rely on. The PayPal deposit process is straightforward, secure and reliable, and users can be credited almost instantly.