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Buy Ethereum With PayPal
The information in this detailed guide will help you figure out the best ways to buy Ethereum with PayPal. We have reviewed industry-leading exchanges, brokers, and crypto apps to help you identify what works best for you.
The platforms in this post have been shortlisted based on important parameters like security, reputation, user experience, fee structures, and much more. We’ll also provide step-by-step instructions on buying Ethereum with PayPal.
Top Ethereum Brokers That Accept PayPal
Best Ways to Buy Ethereum With PayPal
There are a lot of different ways to buy Ethereum with PayPal but we have cherry-picked some of the best options for you:
Ethereum Brokers
Ethereum Derivatives such as CFDs
Ethereum Exchanges
Ethereum P2P Services
Ethereum Apps
Buy Ethereum Directly on PayPal
PayPal is available in more than 200 countries and supports 25 different currencies
Best Brokers to Buy Ethereum With PayPal
One of the most practical and beginner-friendly methods of buying Ethereum with PayPal is brokers. These platforms sell and buy cryptocurrencies on behalf of the customers, which is ideal for new users with limited experience.
| Provider | Deposit Fee | Get Started |
| 🥇 eToro | $0 | Start with eToro now |
| 🥈 Webull | $0 | Start with Webull now |
| 🥉 Coinbase | 2.5% | Start with Coinbase now |
The Ethereum brokers listed in the table above are the top-performing players in the industry, offering a wide range of services while maintaining a healthy reputation among their users. Furthermore, these platforms are also known for providing a competitive trading fee structure, intuitive user interfaces, and robust security.
eToro – A top choice for beginners
Beginners will enjoy user-friendly and exclusive features on eToro such as CopyTrader, which allows you to copy the trading patterns of experienced traders. Therefore, those who are new to trading can replicate the strategies that are employed by successful traders.
Additionally, eToro is regulated by financial regulatory agencies such as CySEC, FINRA, FinCEN, FCA, and ASIC, hence, making this platform reliable. Buying Ethereum with PayPal does not incur a deposit fee because of the spread-based structure. However, the withdrawal fee of $5 and the inactivity fee are some notable downsides.
Buy Ethereum on eToro with PayPal: Step-by-step guide
Step 1: Open eToro
Go to the official eToro website and press the “Start Investing” button at the center of the screen. Now type in your username, email, and password, and accept the terms & conditions. Next, access your dashboard and verify your email.
Step 2: Verify Your Identity
Provide eToro with your personal information like your name, surname, and physical address. Then verify your identity by uploading a picture of your passport, driver’s license, or ID card.
Step 3: Deposit
Multiple deposit methods are available to fund your eToro account. Select PayPal as the mode for making a deposit and proceed to the next steps.
Step 4: Buy Ethereum
Head to the cryptocurrency section and select Ethereum. Click “Trade” and input how much money you want to convert to ETH. Finally, press “Open Trade” to acquire the token.
Best CFD Brokers to Trade Ethereum With PayPal
Ethereum CFD brokers differ from exchanges because they do not grant you ownership of the asset. Instead, you make predictions about the rise or fall of a cryptocurrency during the contract period. The contract format involves settling on the Ethereum price difference at the start and end.
| Provider | Deposit Fee | Get Started |
| 🥇 Plus500 | $0 | Start with Plus500 now* |
| 🥈 Eightcap | $0 | Start with Eightcap now |
*Plus500 disclaimer: 86% of retail CFD accounts lose money
The CFD brokers selected above are winners over the competition because they charge the lowest fees, offer the best features, and have established excellent reputations among their users.
Plus500 – Top choice for a user-friendly interface
The Plus500 platform comes with a bit of a learning curve, but it does not take much time to figure out the features. The navigation menu and layout are intuitively designed, which ensures a seamless trading experience. The mobile app version of Plus500 also features a similar design philosophy, leading to a lot of excellent reviews on the App Store and Google Play.
You can open a demo account in a matter of minutes, meaning you’ll be able to get familiar with the platform and test out trading strategies risk-free. The spread at Plus500 is close to the industry average, so the transaction fees are competitive. Unfortunately, the lack of educational and news content means beginners need to learn the basics elsewhere.
Best Ethereum Exchanges to Buy Ethereum With PayPal
If you want to buy Ethereum with PayPal, then navigating your way to the centralized cryptocurrency exchanges could be a great decision because these platforms offer robust protection, insurance, investment tools, fast transaction speed, and more.
| Exchange | Deposit Fee | Get Started |
| 🥇 Coinbase | 2.5% | Get started with Coinbase now |
| 🥈 Crypto.com | n/a | Get started with Crypto.com now |
| 🥉 KuCoin | n/a | Get started with KuCoin now |
The industry-leading Ethereum exchanges listed in the table above have a wide user base, useful features, reliable security, and strong regulatory oversight. Overall, they offer a better experience than other Ethereum exchanges.
The trading fees on these platforms can be as low as 0.01%, so you will save money compared to buying Ethereum on the PayPal app directly. The customer service teams at these platforms have fine-tuned the process to provide fast responses to queries. Moreover, there are multiple channels to connect to the support team of these exchanges.
How to Buy Ethereum With PayPal on an Exchange
Ethereum is one of the most popular cryptocurrencies, so it will be easy to find this asset on most exchanges including but not limited to Coinbase, Binance, Kraken, KuCoin, and Crypto.com. Ethereum traders must register an account with these exchanges and complete a KYC verification process.
Unfortunately, PayPal will not be available as a deposit method on every exchange, so you might decide to use alternatives such as bank transfer or credit/debit card. When creating an account, you’ll need to navigate to the deposit page and choose PayPal as the payment method.
Furthermore, PayPal typically imposes limitations with respect to the type of fiat currencies that can be used for deposits and the amount of Ethereum you can buy in a specified time period.
How to Find Ethereum on an Exchange: You can find Ethereum on most exchanges by navigating to the platform’s trading page. You may find Ethereum listed above the fold because of its large trading volume, second-largest market cap in the crypto market, and immense popularity.
Altcoins and Ethereum
In some cases, it is difficult to directly use fiat currency to buy altcoins, so you will need to use cryptocurrencies like Ethereum as a gateway. Use the steps outlined above to purchase Ethereum and use the platform’s search functionality to find the altcoin (paired with Ethereum) you want to buy. Next, choose the amount of Ethereum you would like to trade for the altcoin and confirm the transaction.
Furthermore, you may want to buy Ethereum without using PayPal. In this case, you can use other cryptocurrencies and swap them to have Ethereum. Use the search bar in the platform to find Ethereum and choose the cryptocurrency you want to trade it with and the amount.
Coinbase – Great choice for large selection of cryptocurrencies
Coinbase allows users to trade over 200 cryptocurrencies, including Ethereum. You can get started with a minimum order of as little as $2 – this is a great way for beginners to experiment with cryptocurrencies without making a huge investment.
The process of exchanging cryptocurrencies on Coinbase is simple because of the intuitive user interface and responsive customer support team. This makes it easy to learn how to use the platform effectively. The search bar can be used to find Ethereum.
However, trading fees range between 0%-0.6%, based on the pricing tier, and fees for instant purchases, instant sales, and PayPal deposits can be even more. This is relatively high compared to alternative platforms. You will save money by using other exchanges for many cryptocurrency transactions.
Can I use decentralized exchanges with PayPal?
Decentralized exchanges (DEXs) started appearing in 2014 and opened the possibility for users to trade cryptocurrency without the involvement of an intermediary. The peer-to-peer model of decentralized exchanges is the reason why anonymous trading is possible. You don’t need to complete the KYC process or share your email address to start using a DEX for trading or investment purpose. Simply connect a decentralized wallet like MetaMask to load crypto funds to your DEX to get started.
By now, you might have realized why PayPal cannot be used to buy cryptocurrencies like Ethereum on decentralized exchanges. It is because a DEX does not accept fiat but only crypto deposits via a decentralized wallet. However, you can buy cryptocurrency with PayPal on an exchange, which can then be transferred to a decentralized wallet to start trading on a DEX.
Investing in cryptocurrency is high-risk and speculative
Best Ethereum P2P Platforms to Buy Ethereum With PayPal
Users can buy Ethereum on P2P platforms directly from others. Typically, users post an offer, which states the cryptocurrency price, payment methods, and amount of time allowed to pay.
| Exchange | Trading Fees | Get Started |
| 🥇 KuCoin | $0 | Get started with KuCoin now |
| 🥈 Paxful | $0 | Get started with Paxful now |
| 🥉 Bybit | $0 | Get started with Bybit now |
The P2P platforms listed in the table above are excellent choices because they offer well-designed user interfaces and a wider choice of payment methods, including PayPal.
KuCoin – Top choice for safe transactions
KuCoin P2P transactions are safe because your money will only be released to the seller once it’s confirmed that they have released the cryptocurrency. Therefore, you can buy Ethereum from other users with peace of mind. Additionally, KuCoin is one of the more popular cryptocurrency P2P platforms, which means you’ll find many offers for buying cryptocurrencies like Ethereum.
KuCoin does not charge a fee for trading cryptocurrencies on its P2P platform. Therefore, you can save money compared to more expensive crypto P2P exchanges. Additionally, KuCoin has a large number of tradeable cryptocurrencies.
The disadvantages of using KuCoin to buy Ethereum include the lack of educational content for beginners to learn more about cryptocurrencies.
Best Apps to Buy Ethereum With PayPal
You can buy and sell cryptocurrency from the comfort of your smartphone. Also, the mobile app experience is quite similar to the desktop experience, so you’re not missing out by going mobile. The table below highlights 3 of the top mobile apps for buying Ethereum with PayPal.
| Provider | OS | Get Started |
| 🥇 eToro | Android / iOS | Start with eToro now |
| 🥈 Robinhood | Android / iOS | Start with Robinhood now |
| 🥉 Webull | Android / iOS | Start with Webull now |
The listed mobile apps above are our top choices because they offer a wide selection of cryptocurrencies, are tightly regulated, provide low fees, and have excellent user interface designs. Also, beginners can start with low minimums to begin trading without a big investment.
eToro App – Best choice for a user-friendly experience
If you’re looking for a smooth user experience in trading cryptocurrency, then eToro is the top choice. eToro’s mobile app offers the same features as the desktop version, which includes fan favorites such as the CopyTrader feature. This allows users to copy the trading patterns of other users.
Additionally, your account is protected via a 2-factor authentication mechanism that is required when executing deposits or transactions. The top regulators worldwide have verified eToro for the quality of its financial practices. This should give you confidence when holding cryptocurrency on the platform.
However, eToro’s fees are not the lowest, and they could improve their customer service by speeding up response times.
Buy Ethereum Directly on the PayPal App
In a few countries like the UK and the US, you can buy cryptocurrencies directly from the PayPal mobile app without the need for brokers or exchanges. Buying Ethereum from the PayPal app can be completed using the existing balance in your account.
If the balance is not sufficient, then you can fund your account via bank transfer or debit/credit card first and then use the balance to buy Ethereum. A benefit here is that you can start buying crypto on PayPal with as little as $1 in your PayPal account.
Buying Ethereum on PayPal fees
| PURCHASE OR SALE AMOUNT | PAYPAL FEE |
| $1.00 – 4.99 | $0.49 |
| $5.00 – 24.99 | $0.99 |
| $25.00 – 74.99 | $1.99 |
| $75.00 – 200.00 | $2.49 |
| $200.01 – 1000.00 | 1.80% |
| $1000.01+ | 1.50% |
Should You Buy Ethereum With the PayPal App?
Buying Ethereum with the PayPal app is a good choice for users that already have the app on their smartphones and quickly want to get involved with buying cryptocurrency. The low minimum deposit of just $1 allows new users to test the PayPal app with a small investment.
Additionally, PayPal is a trusted and highly regulated payment processor, so you can rely upon it to safely store your Ethereum. The platform offers fast deposits and withdrawals so you never have to wait long for the execution of your transactions.
However, the transaction fees are relatively high when compared with the providers mentioned in this guide. Therefore, you will save money by not buying directly on the PayPal app. Finally, there is a limited selection of cryptocurrencies, so you may have to seek out platforms like Coinbase, where you can trade over 150.
- Widely available
- Low minimum of $1
- Trusted company
- Fast Withdrawals
- Higher fees than exchanges
- Limited cryptocurrencies
- Lack of trading tools
Exchange or a CFD Broker: What Are the Differences When Buying Ethereum With PayPal?
Exchanges and brokers have important differences with regard to trading Ethereum using PayPal. This section will shed light on those differences to help you decide on the best methods for your requirements.
Buying Ethereum with PayPal using an exchange
Ethereum can be purchased with PayPal on exchanges that are centralized platforms. Below is a list of their pros and cons to help you decide if these platforms meet your trading criteria.
- Many cryptocurrencies available
- Reliable and has an excellent user interface
- Users have the option to leverage investments through margin trading
- Security vulnerability
- Transaction charges
- Custody of digital assets and risk of fraud
Trading Ethereum with PayPal using a CFD broker
Ethereum CFD brokers allow users to speculate on whether the price of Ethereum will increase or decrease over a specified time period. Note that when executing CFD transactions, you will not gain ownership of the asset like you would on an exchange. This is a fundamental difference between trading with CFD brokers and exchanges.
- No custody of crypto or associated risks
- Ability to go long or short
- Ease of execution
- No stamp duty
- Weak industry regulation
- Potential lack of liquidity
Is It Worth Buying Ethereum With PayPal?
This section answers the question of whether PayPal is a worthwhile payment processor to be used for buying Ethereum. Overall, it’s a solid choice because of its ease of use and the fact PayPal doesn’t charge a fee for payment processing.
However, the limitations that are imposed by PayPal include deposit limits that vary by platform. Therefore, you may need to use alternative deposit methods to trade your desired amount of Ethereum.
Is PayPal the fastest way to buy Ethereum?
Having access to an infrastructure offering lightning-fast transaction speed improves the convenience of trading Ethereum. Fortunately, PayPal provides instant deposits in most cases, unless the transaction gets held for review by the customer service team. You can also achieve instant deposit speeds on most platforms by using a credit card to buy cryptocurrencies.
Is PayPal the safest way to buy Ethereum?
You can trust PayPal with your transactions because it’s a highly regulated money transfer company. They have a lot of experience and noteworthy regulators worldwide have vetted the quality of their financial practices for compliance with laws. The 2-factor authentication mechanism used by PayPal ensures that only the account holder can log in and execute transactions.
Is PayPal the cheapest way to buy Ethereum?
PayPal does not charge a fee when you select it as a payment method on a crypto platform, but the platform may charge its own deposit fees. However, when purchasing Ethereum directly through the PayPal app, you will be charged a fee of at least 1.5% of the transaction amount.
What Are the Fees When Buying Ethereum With PayPal?
In this section, we will explore the fees that you need to know about when buying, selling or trading Ethereum with PayPal.
| Provider | eToro | Plus500 (CFDs) | Binance |
| Deposit Fee | No fee | No fee | No Fee |
| Buying Ethereum Fee | 1% | Market spread | 0.1% |
| Transfer to Wallet Fee | No fee | No fee | No Fee |
| Selling Ethereum Fee | 1% | Market spread | 0.1% |
| Payout Fee | $5 | No fee | No Fee |
| Inactivity Fee | $10 after 12 months | $10 After 3 Months | No Fee |
Is Buying Ethereum With PayPal Anonymous?
You will not have anonymity when buying Ethereum with PayPal in most cases because PayPal is a centralized platform that requires users to complete the KYC requirements before buying Ethereum or any other crypto available. Anonymously buying Ethereum is possible through decentralzied exchanges like Uniswap.
Can you buy Ethereum with PayPal without verification or KYC?
No. You will need to complete the KYC verification process to buy Ethereum on PayPal. The KYC verification is a pre-requisite on most exchanges and P2P platforms. The only way to avoid KYC verification when buying Ethereum is by using decentralized exchanges.
Can you buy Ethereum with PayPal without registration?
You must register an account with PayPal if you want to use their platform for buying Ethereum. Additionally, you will need to complete registration on the centralized exchange where you wish to trade cryptocurrencies. The length of registration processes varies, but in most cases, you can open an account within just a few minutes, with KYC verification times ranging from a few minutes to 48 hours.
Reasons to Buy Ethereum With PayPal
Before choosing a payment processor to buy Ethereum, you need to think about the top advantages. PayPal offers several benefits, which include instant deposits, no payment processing fees, and wide availability across 3rd party platforms.
Alternative Payment Options to Buy Ethereum With USD
If PayPal is not available to you, then an alternative method of buying Ethereum must be chosen. This section covers the most popular alternatives that are a practical choice for many users.
Buy Ethereum with debit card, credit card, or Amex
Most individuals have a credit card that they can use to buy Ethereum, so it’s a convenient method that is easily accessible. Credit cards offer instant processing on most Ethereum trading platforms. As well as credit and debit cards, Prepaid Cards are a popular option.
Buy Ethereum via bank transfer
Bank accounts are easily accessible for most people, so it’s another viable method of buying Ethereum. Also, due to strict regulations, banks are a safe place to store money. Bank transfer can also be a convenient method of buying Ethereum.
Buy Ethereum with PaySafeCard
Users can use a PaySafeCard for buying Ethereum. It also provides the benefit of anonymity because no personal information is attached to PaySafeCard purchases.
Buy Ethereum using digital wallets
Digital wallets can be used to instantly buy Ethereum and other cryptocurrencies. The ease of access and the low number of steps are some of the top highlights of digital wallets. The most popular options are Apple Pay, Google Pay, Zelle, Venom, and Neteller.
What to Consider When Buying Ethereum With PayPal
It’s important to make a few considerations before you buy Ethereum with PayPal. These will allow you to set the right expectations.
Amount: Choose the appropriate amount of Ethereum to buy based on your personal financial goals. Cryptocurrencies are generally more volatile than other asset classes, so be prepared for higher price fluctuations.
Safety: Storing large amounts of Ethereum on a single platform might be risky. You may want to transfer the cryptocurrency to a cold wallet for safekeeping.
Taxes: As cryptocurrencies become more widely accepted, the tax laws are changing. In some countries, you may need to report your Ethereum gains and losses, which is the case in the United States. The IRS Form 8949 must be filled out if you trade Ethereum.
Fees: To reduce the cost of buying Ethereum with PayPal you need to find an exchange or any other platform that does not charge you much while making a PayPal deposit. Many platforms don’t charge a deposit fee, but you could pay a withdrawal fee when using PayPal.
PayPal Support: To buy Ethereum with PayPal, it must be one of the supported payment processors. Make sure that it is available before registering a new account.
Do All Platforms Accept PayPal to Buy Ethereum?
Below is a summary of PayPal availability on the most popular platforms where you can buy Ethereum.
| Provider | PayPal Accepted | Review |
| Coinbase | Yes | Read Coinbase review |
| Binance | No | Read Binance review |
| Luno | No | |
| Wirex | Yes | Read Wirex review |
| Poloniex | No | Read Poloniex review |
Can I Buy Any Other Cryptocurrencies With PayPal?
Now that you know how to buy ETH with Paypal, you may want to purchase other cryptocurrencies. If you wish to buy cryptocurrency directly from PayPal, then it is important to know that this payment system currently supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. If you want to buy a cryptocurrency other than these four using your PayPal balance, then you will need to use an exchange that supports PayPal deposits to finance your crypto purchases.
Should I Buy Ethereum With PayPal?
To wrap it up, buying Ethereum with PayPal is a popular choice because of the instant processing time, the simplicity of the process, and the wide availability. Buying Ethereum directly from the PayPal app is possible, but it comes with higher transaction fees compared with most exchanges and brokers.
The popularity of PayPal means that it’s available at some of the top Ethereum trading platforms such as eToro and Coinbase.
Remember, PayPal only supports Bitcoin, Bitcoin Cash, Ethereum, and Litecoin
FAQs
Where is the best place to buy Ethereum with PayPal?
The best platforms to buy Ethereum with PayPal are eToro and Coinbase. However, the platforms you choose should be based on the required features. For example, if you want access to social trading, then eToro is the best choice. Whereas Coinbase is a better choice if you want access to educational resources.
Does PayPal accept Ethereum as a deposit method?
You can transfer ETH to your PayPal crypto wallet.
Is it illegal to buy Ethereum with PayPal?
Ethereum can be legally bought with PayPal, but you may need to share the transaction details. In locations like the United States, cryptocurrency gains and losses must be shared with the tax authorities.
Can you send Ethereum with PayPal?
Yes, Ethereum can be sent to other PayPal users, as well as transferred to external Ethereum addresses.
Can you store Ethereum on PayPal?
Yes, Ethereum can be stored on PayPal, or it can be transferred to another wallet for safekeeping.
Can you buy Ethereum with PayPal under 18?
No, you must be at least 18 years of age to register for an account with PayPal before buying Ethereum.
Can you buy Ethereum with PayPal on the blockchain?
Centralized applications such as PayPal cannot interact directly with the blockchain, so Ethereum cannot be purchased with PayPal directly through the blockchain.
Find Out More Ways to Buy Ethereum
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