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How to Buy Bitcoin on PayPalSimple answer - the money goes to another trader while you get the more real money - bitcoin. You can buy bitcoin and other cryptocurrencies with cash or credit from one of the thousands of Bitcoin ATMs around the world. Many Bitcoin ATMs also enable. 5 Options for Buying Bitcoin with Cash � Buy from an individual through LocalCoinSwap or Paxful � Buy Bitcoin from a Bitcoin ATM � Buy Bitcoin.