Exchange PayPal EUR to Bitcoin

The PayPal payment system was established in 1999. Today, PayPal is the largest payment system in the world, which provides the safest and easiest ways to pay and receive payments on the Web. To use the system, you must have a credit or debit card that will be connected to the account. PayPal is available in 190 countries and supports 17 global currencies.

Bitcoin is a peer-to-peer electronic cash system that uses units of account under the same name. Bitcoins may be used to pay for goods and services provided that the suppliers accept them. There is a mechanism that allows to exchange bitcoins for traditional currencies with the help of special currency markets and exchange offices. On of the major Bitcoin distinctions is that it has no centralized issuing authority. The issuing mechanism can be used by anyone but within strict limits and only by using computational resources of the special hardware that is used to avoid double-spending. The base element of Bitcoin is an open-source code client application. The client applications are peer-to-peer networked with the help of an application layer protocol. For ensuring normal functioning and security of the system, cryptographic methods are used.