(Newswire.net — June 13, 2023) —
Nowadays a lot of people buy stocks. Buying cryptocurrencies, stocks and other assets is a good way to make money and gain new experience. There are various ways to buy assets. One of them is PayPal. Traders Union experts told how to buy a stock using this service.
Can you buy stocks with PayPal?
PayPal is an online payment system that allows users to send and receive money using their smartphones. It provides a convenient and secure way to make online payments, transfer funds, and conduct e-commerce transactions. Moreover, PayPal is one of various ways to buy assets. In their guide TU experts told how to buy stocks with PayPal.
Investors should understand that PayPal isn’t a stock brokerage platform. However, it can help to buy assets. Investors should just have an account on a brokerage platform and PayPal among the supported payment methods. Many trading platforms support deposits and withdrawals using this payment service.
How to buy a stock with PayPal
Now when investors know that buying stocks via PayPal is possible, TU experts will tell how to do it. To buy stocks using PayPal several simple steps are required:
-
Create a PayPal account. At first you need to register on the platform. Visit the homepage, click “Sign up” and follow the simple steps.
-
Top up your PayPal account. You need to add a debit card to transfer funds on the account.
-
Sign up for a trading account. Choose a brokerage company and create an account on its website. The process is free and simple. You will need to fill in personal information, create a username and a password.
-
Confirm your identity if needed. Upload your proof of identity and proof of address if necessary.
-
Deposit funds with PayPal. Visit the deposit page and choose PayPal as the deposit method. You can deposit funds from your PayPal balance or from the card connected to your PayPal account.
-
Purchase the desired stocks. Now when you deposited funds, navigate to the desired stocks and buy them.
Best brokers
IC Markets – Best for stock CFDs
IC Markets is a PayPal Forex broker that is ideal for stock CFD buying. The broker offers low Forex fees. Investors can use PayPal for deposit and withdrawal. The advantages of IC Markets include low Forex fees, fast account opening, and free deposits and withdrawals for PayPal. The platform is regulated and does not charge an inactivity fee. The minimum deposit is $200.
Admiral Markets – Best for the use of educational tools and materials
Admiral Markets is a perfect broker for beginners with its educational materials and tools. The company also offers commission-free accounts. Investors and traders can use PayPal to deposit and withdraw funds. The minimum deposit on Admiral Markets is $100. The advantages of the brokerage company are regulation in multiple jurisdictions, tight spreads, and very fast trade execution speeds.
eToro – Best for for copy trading
eToro is perfect for copy trading. Investors and traders can use PayPal to deposit and withdraw funds.The minimum deposit on eToro is $200.
Benefits of buying stocks with PayPal
-
Instant deposits. It takes a minute to deposit funds using PayPal.
-
No need to share card details. There is no need to share your card details with a broker when you use PayPal to deposit and withdraw funds.
-
Available via desktop and mobile devices. Most brokers have mobile apps and you can deposit or withdraw funds using your smartphone.
-
Free and simple to use. Registering a PayPal account is free and simple.
As you see, it is pretty simple to use PayPal for buying stocks. You can find more information about this and many other things on the Traders Union website. TU experts analyze the market and post only up-to-date information about brokers. You can also read the reviews there.