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How to send and receive Bitcoin - Bitcoin 101There are two ways to purchase bitcoin using PayPal, by connecting your account to a debit card or bank account or by using the balance of the PayPal account to. Step 2: Place an order. If you're registered with Coinmama, once you have a wallet you can easily buy Bitcoin with your credit card, debit card, or SEPA bank. Cash transfer services like PayPal, Venmo, or Cash App allow their users to purchase Bitcoin using the apps. You can purchase, store, send and sell Bitcoin directly through the apps, which is convenient if you're used to those interfaces.