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How to buy Ethereum with PayPal

After a turbulent 2021, the crypto market is on the upward bounce again and trading is picking up pace. Today we are exploring how to buy Ethereum with PayPal, as a surprisingly small number of crypto exchanges accept this method.

 >>>Get Ethereum on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Where to Buy Ethereum with PayPal

Before we discuss how to buy Ethereum with PayPal, we need to examine two different methods of achieving it. Not many crypto exchanges support direct deposits from PayPay, which is the easiest way of buying crypto. However, most of them offer another way, using P2P payments directly from one user to another. Below is a handy list of crypto exchanges that support both methods.

  1. eToro – Overall Best Choice to buy Ethereum with PayPal
  2. Binance – Established Crypto Exchange Offering Users a Chance to Buy Ethereum with PayPal
  3. Coinbase – The Best Crypto Exchange to Buy Ethereum with PayPal for Beginners
  4. PayPal Crypto App – Buy Ethereum with PayPal Directly

 >>>Get Ethereum on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Ethereum – Quick Steps

Want to buy Ethereum right away? You can get started in just 4 simple steps:

  • Step 1: Open an account with eToro. eToro is our top-rated crypto exchange to buy Ethereum. Head to eToro’s website and click Join Now to open a new account.
  • Step 2: Deposit. eToro requires a minimum deposit of $50, which you can make by credit card, debit card, PayPal, Neteller, Skrill, or bank transfer.
  • Step 3: Search for Ethereum. Search for ETH and click Trade when it appears to open a new order form.
  • Step 4: Buy. Enter the amount of Ethereum you want to purchase, then click Open Trade.

eToro – Overall Best Choice to buy Ethereum with PayPal

eToro is one of the largest crypto exchanges in the world, with more than 25 million registered users. IT supports many cryptocurrencies and features a minimum deposit of just $10. It is a fully-fledged multi-asset online trading platform offering stocks, forex, commodity, and crypto trading.

eToro made its name mostly due to its amazing and innovative social trading feature that lets its users copy trades and trading patterns of experienced investors called eToro CopyTrader. In turn, traders who share their trades with the community receive huge benefits from eToro. It is a great educational tool, as it allows new traders to cut their teeth by observing pros at work and learn the ins and outs of crypto trading. Of course, it can also be very profitable.

eToro supports all the usual transfer methods, including bank transfers, credit and debit cards, and online wallets, including Neteller, Skrill, and PayPal. It also features a free incorporated crypto wallet, called eToro Money. You can also use any wallet you are already using. It should be noted that eToro does not allow transferring cryptocurrencies from the wallet. You can but them and transfer them out of the platform, but can’t send them back.

 >>>Get Ethereum on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Binance – Established Crypto Exchange Offering Users a Chance to Buy Ethereum with PayPal

Binance is the largest crypto exchange in the world in terms of the trading volume. Its daily trading volume of over $13.5 billion is bigger than the next three crypto exchanges on the list combined. Binance lists hundreds of cryptocurrencies for trading, but some geographical limitations apply. For instance, US users will only have access to 65 of them, due to domestic regulations.

Binance offers a comprehensive solution for crypto traders, with a huge array of advanced tools that allow them to place complex orders in place, including stop orders, stop market orders, limit orders, and several others. This puts traders in a very advantageous situation, as it lets them tailor their orders to any market situation that may develop without the need for a constant overwatch over their account.

Binance also manages to be user-friendly and is considered a great place for beginners, thanks to its intuitive UI. Even inexperienced traders won’t have any issues navigating it and finding all options they need.

 >>>Visit Binance<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Coinbase – The Best Crypto Exchange to Buy Ethereum with PayPal for Beginners

Coinbase is the crypto exchange that is often referred to as the best for beginners, thanks to its easy-to-use features and simple interface. Furthermore, it has an amazing library of teaching materials, allowing its users to educate themselves on all things crypto.

With more than 100 cryptocurrencies listed, Coinbase boasts an excellent selection of tradeable crypto assets. Coinbase Earn program allows users to earn interest on their crypto balance or get a bonus of new crypto coins when they are released. This is an option more and more crypto exchanges are adopting, as it proved very popular with users.

Coinbase allows you to make direct deposits from your PayPal account, making it easy to buy ETH with PayPal. If you opt for a Coinbase Pro feature, you will also enjoy much lower fees for all your transactions.

One thing people complain about is the high fees Coinbase imposes on their transactions unless they use Coinbase Pro. Also, the process of verifying new coins can be long and tedious, so you won’t always have access to the latest coins.

 >>>Visit Coinbase<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

PayPal Crypto App – Buy Ethereum with PayPal Directly

PayPal has offered a new service that allows users to buy Ethereum and other cryptocurrencies directly from their PayPal accounts. With an integrated crypto wallet, it is one of the easiest ways of buying crypto for PayPal users. All major cryptocurrencies are available, so there are many options for investing. PayPal is famous for its security measures and they apply to crypto trading as well. PayPal guarantees the safety of users’ accounts, promising to replace all crypto if any has been lost due to hackers’ attacks. At the moment, trading crypto with PayPal is available only in the United States and it is unclear whether the company plans to offer the service worldwide.

One thing to keep in mind when buying Ethereum with PayPal app is that you are not really the owner of any crypto you buy in this way. Instead, PayPal holds on to the private key, which gives them full control of your crypto assets. Chances that PayPal will do something nefarious with your funds are quite slim, but some people may take issue with this approach. PayPal also limits how you use your crypto and forbids users from transferring crypto outside PayPal. If that is something that is important to you, you may want to consider other options for buying ETH with PayPal.

 >>>Get Ethereum on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Advantages of buying Ethereum with PayPal

As a leading online payment platform, PayPal had years to hone its services and has done it to almost perfection. The advantages they offer to their users are unparalleled and readily translate to the crypto market. If you want to know how to buy Ethereum with PayPal, here are a few things you should know beforehand.

Fast Transactions

Transactions to and from PayPal are among the fastest on the market. If you decide to make your deposit on a crypto exchange with a credit or debit card, it may be done fairly quickly, but the reverse will take a while. Bank transfers are even slower in both directions. You could easily wait for several days before your transfer is cleared and you can start buying Ethereum. On the other hand, if you are using PayPal, each transaction will be completed much faster and your money will be ready for use, as opposed to being stuck in limbo for days.

No Banking Details Needed

Some users would prefer not to have any crypto-related transactions appearing on their cards or bank statements for various reasons. With PayPal, you can easily keep those details hidden from prying eyes and keep your business to yourself.

Refunds

PayPal’s refund feature has saved many of its users from falling prey to unsavory characters and their scamming tactics.

 >>>Get Ethereum on eToro<<<

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to Buy Ethereum – Tutorial

Now that you know where to buy Ethereum, it’s time to get started. We’ll walk you through the process of buying ETH, our top-rated exchange for 2022.

Step 1: Open an eToro Account

Head to eToro’s website and click Join Now to sign up for a new exchange account. Enter your email and select a username and password. Then fill in details like your name, address, and phone number. You will also need to upload a copy of your driver’s license or passport to verify your identity.Create an eToro account

Step 2: Deposit Funds

eToro requires a minimum deposit of $10 for UK and US residents. You can make a deposit by credit card, debit card, PayPal, Neteller, Skrill, or bank transfer. However, keep in mind that when depositing via bank transfer the minimum deposit becomes $500. eToro does not charge deposit fees.Make a deposit on eToro

Step 3: Search for Ethereum

Head to your eToro dashboard and enter Ethereum or ETH in the search box. When ETH  appears, click Trade to open a new order form.

Step 4: Ethereum

Enter the amount of ETH coin you want to purchase in US dollars. You can opt to set a stop loss or take profit level for your trade, or leave these blank if you are investing in

How to Buy Ethereum – Tutorial

Now that you know where to buy Ethereum, it’s time to get started. We’ll walk you through the process of buying ETH, our top-rated exchange for 2022.

Step 1: Open an eToro Account

Head to eToro’s website and click Join Now to sign up for a new exchange account. Enter your email and select a username and password. Then fill in details like your name, address, and phone number. You will also need to upload a copy of your driver’s license or passport to verify your identity.Create an eToro account

Step 2: Deposit Funds

eToro requires a minimum deposit of $10 for UK and US residents. You can make a deposit by credit card, debit card, PayPal, Neteller, Skrill, or bank transfer. However, keep in mind that when depositing via bank transfer the minimum deposit becomes $500. eToro does not charge deposit fees.Make a deposit on eToro

Step 3: Search for Ethereum

Head to your eToro dashboard and enter Ethereum or ETH in the search box. When ETH  appears, click Trade to open a new order form.

Step 4: Ethereum

Enter the amount of ETH coin you want to purchase in US dollars. You can opt to set a stop loss or take profit level for your trade, or leave these blank if you are investing in ETH for the long-term. When you’re ready, click Open Trade to complete your purchase.

 >>>Get Ethereum on eToro<<<

Conclusion

With limited options for buying Ethereum with PayPal, we would recommend using eToro, as one of the few trading platforms that accept direct PayPal deposits.

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