How to buy bitcoin with PayPal on LocalBitcoins LocalBitcoins is a peer-to-peer marketplace where you can connect with bitcoin buyers and sellers in your local area, and make the transfer in a way that suits you both. The funds are released only when you 2-of-3 signatures are obtained. The site does not apply any limit on the transactions. There is a time limit to carry out the transaction once placed. Well, you can see it is quite challenging to buy Bitcoins using PayPal, as you cannot buy it directly. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices.