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How to Buy Ethereum with PayPal5-min read

Shivali Krishali

Shivali Krishali |  Updated on 20/9/2023

Introduction to Buying Ethereum with PayPal in February 2024

woman buying crypto coins using a machine terminal - artworkNow you can buy Ethereum with PayPal as well! Ethereum can be bought both through the website as well as from a smartphone and, with these new portals, PayPal has increased trading accessibility for a broader demographic of new and mostly younger investors.

Ethereum is one of the most trusted decentralized Blockchains powered by its very own native cryptocurrency, Ether, along with several of the best apps and DeFi protocols being built on top of it. This article will cover the ins and outs of buying Ethereum on PayPal, one of the most globally recognised online payment platforms and now allows its users to sell, buy, and even store cryptocurrencies. One can start their journey with a mere $1 in investments.

Where to Buy Ethereum in India and Abroad?

Regardless whether you are a brand new or an experienced investor, here is the list of most reliable brokers you must check out:

Admiral Markets Review

Admiral Markets Review

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Pros

  • list bullet Over 40,000 active clients from 110+ countries, carrying out an average of 1.5 million trades per year.
  • list bullet Competitive spreads as low as 0.5 pips and up to 500:1 leverage for forex trading.
  • list bullet Provides access to over 8,000 trading instruments, including 40+ forex pairs, 200+ stocks, and 5+ cryptocurrencies.

Cons

  • list bullet Admiral Markets has relatively high minimum deposit requirements for some account types, such as those in GBP.
  • list bullet Some users have reported slow response times from customer support, during excessively busy periods.
Libertex Review

Libertex Review

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Pros

  • list bullet 0% fees on stock trades, minimum deposit of only $10 or equivalent
  • list bullet Over 322 tradable assets available
  • list bullet Unmatched user-friendly interface, easy for beginners to catch on

Cons

  • list bullet Unavailable in some countries, including the United States
  • list bullet Only features two types of accounts (Demo and Standard)

Featured Exchange: CEX.IO

Skilled traders and investors can choose from a wide range of features and cryptocurrencies on the reliable and regulated digital asset exchange platform CEX.IO. The network has a strong reputation for dependability and security and offers access to over 100 different cryptocurrencies, including well-known choices like Bitcoin and Ethereum. On the CEX.IO platform, consumers can use PayPal to purchase Ethereum. It is one of the most well-liked platforms for purchasing cryptocurrencies like Ethereum. Users may buy Ethereum quickly and easily on CEX.IO thanks to its user-friendly design. 0.25% for taker transactions and 0.15% for maker trades are the fees for users who are new to the platform or have minimal trading volume. For users who engage in more trading, these costs can be different and liable to change.

 

CEX.IO

 

Why Choosing a Good Exchange is Critical

India is a price-sensitive market. For a new trader or investor it is extremely important to start trading on a platform that has a minimum of 0 in trading fees, be it in terms of commission or the minimum amount to be invested on the platform.

To this end, the minimum account amount for all the platforms is either $0 or $1 which makes it quite easy for traders to take the risk. Due to the volatile nature of cryptocurrencies, new traders are always skeptical about whether or not to take the first step. Generally, the commission charge is $0 and in some, it goes up to $3, which is quite economical.

In terms of the leading brokers, Binance has almost 600+ cryptocurrencies listed on their platform, while Admiral Markets allows its users to purchase cryptocurrencies in more than 350 ways. Binance offers a massive diversity of purchasable assets, but Libertex is consistently labelled as the best gateway for beginners who wish to buy Ethereum on PayPal.

How to buy Ethereum in Paypal

Can You Buy Ethereum with PayPal in India?

  1. Download the app
  2. Choose a broker and create an account,
  3. Deposit funds with the card,
  4. Search for Ethereum
  5. Trade

You can buy Ethereum with PayPal in just a few clicks. No lengthy procedures, no waiting, all you have to do is follow some basic steps.

To start with, you will be required to download the PayPal app. Next, you are required to choose a broker (Binance, Libertex, etc). Next, create your account on the broker’s portal. To start trading or investing you need to have a certain amount of money in your account. Here you have to transfer the money using your card to your trading account to smoothly carry out the transactions on the platform. Now in the search bar, search for “Ethereum’‘. Now you have the option to purchase your chosen cryptocurrency. Now that you have the funds, you can proceed with getting your Ethereum.

KYC and Verification

KYC is a standard practice in every business to identify whether the user is a genuine individual or not. The broker must ensure that every user on their platform is a verified user. It is proof that the exchange is a responsible entity only allowing verified users to their platform.

How to Buy Ethereum with PayPal in India and Abroad: Main Methods

Buy Ethereum with PayPal  Directly

These are the steps through which you can buy Ethereum with PayPal directly:

  1. Sign In (or log in) and choose Ethereum as your desired cryptocurrency.
  2. Select buy and the amount of Ethereum you want to purchase.
  3. Select the payment method. Link your bank account with your PayPal account.
  4. Click on the buy button.

Buy Ethereum Using Paypal on Binance

These are the steps through which you can buy Ethereum with PayPal  using Binance:

Binance review

  1. Create an account at the Binance website or app.
  2. Choose the payment mode with which you want to buy Ethereum. Here you will be having multiple options. Select the P2P option. Here select PayPal.
  3. Now create your account
  4. Now you can either store or trade your Ethereum.

Buy Ethereum with a PayPal Account on Libertex

These are the steps through which you can buy Ethereum with PayPal using LIbertex:

  1. Create your account and select the crypto.
  2. Select Paypal as the payment method.
  3. Now select or add a debit card or bank account linked to your PayPal account.
  4. Now you are good to go.

Benefits and Drawbacks of Using PayPal for Buying Ethereum

PayPal  is one of several methods through which one can acquire their Ethereum. In this section, I point out some of the advantages and disadvantages of using PayPal as your main tool to get your crypto.

Pros

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    Speedy Deposits: The deposits are processed instantly and the user does not have to wait like in the case of a bank.

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    Fast Withdrawals: When you withdraw money using PayPal your money is withdrawn instantly.

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    Secured: PayPal offers Purchase Protection for Buyers, which covers you if something goes wrong with your deposit.

Cons

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    Fees: There is a fee or charge associated with every transaction that is being done through PayPal.

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    Restrictions and limitations: Users are restricted to a limited number of crypto that they can buy using this method. Also, PayPal is not available on many trading platforms.

Choosing the Right Ethereum Exchange for You

Here are some of the key points that an investor must keep in mind while choosing an exchange:

The exchanges mentioned are tried and tested beforehand. All the recommendations and information provided are genuine. All the recommendations have been accurately checked individually, we have created an account in each one of the platforms, explored all the features, and most importantly checked whether or not the exchange is safe to open an account. We have thoroughly gotten feedback from the community and where the exchange stands in the market. Before putting your money in, investors must check all the reviews before investing in any of the exchanges.

This is a link to our list of the best cryptocurrency trading platforms for users who wish to learn more.

What to Know Before Buying Ethereum

Ethereum

Investing Responsibly

The crypto market is highly volatile and has yet to mature. Market conditions can cause a token to go from its record price to the ground in a very short span of time. Only invest as much as you are willing to lose. Before jumping in, make sure to do your due diligence and understand how the crypto market/individual project works, when to invest and when to withdraw.

Latest Updates

The use of Zero-knowledge (ZK) proofs has been crucial in the development of layer-2 blockchain protocols, which have significantly improved the performance of platforms and services in the Ethereum ecosystem. StarkWare, the technology firm behind the decentralized scaling network Starknet, is planning to enhance its layer-2 network’s performance to accommodate the expected increase in users and developers. The upgrades include enhancing the network’s throughput and reducing its latency, providing developers with raw power to build more efficiently.

Conclusion

Now you have a 360-degree view of how you can buy Ethereum with PayPal  directly or use it as an intermediary in the crypto exchanges. You also have learnt that it is a cost-effective and fast way of trading cryptocurrencies. You should also be aware of the fact that various brokers and exchanges enable seamless PayPal deposits, simplifying the process to buy Ethereum and other cryptocurrencies instantly using your PayPal balance.

Main Takeaways

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

FAQs

How to buy Ethereum in India?

It can be bought through various crypto exchanges operating in India.

Where to buy Ethereum in India?

CEX.IO, Admiral Markets, Libertex, and Binance are all great options for Indians looking to buy Ethereum, having been tested thoroughly by several experts on their legal compliance, payment processing and security features, usability and efficiency of their customer support team and a myriad of other elements relevant to all ETH traders.

What can I buy with Ethereum in India?

Ethereum can be used to buy stuff on Amazon, appliances, furniture, movies, games, and many more.

Can I use PayPal to buy Ethereum in India?

Buy Ethereum PayPal in India using CEX.IO, Admiral Markets, Libertex, and Binance and many more such platforms.

Do crypto exchanges accept PayPal?

Yes, it is widely accepted by many exchanges.

What are the best exchanges to buy Ethereum?

CEX.IO, Admiral Markets, Libertex, and Binance are some of the best crypto exchanges to buy Ethereum.

What do NFTs have to do with Ethereum?

NFTs are non-fungible tokens that are created on the blockchain and as Ethereum is one of the most popular blockchains it is also on the creator’s top list.

Is Ethereum safe? Should I buy Ethereum now?

Crypto is a volatile market so invest in it at your own risk.

Why invest in Ethereum? What are the pros of buying Ethereum?

It is the leading network for many decentralized applications like non-fungible tokens (NFT) marketplaces, decentralized finance (DeFi) etc

Is Ethereum a good investment?

Ethereum is the second largest blockchain platform and one of the most trusted cryptocurrency among traders.It is a safe currency that can be great for the portfolio in the long run.

How to buy Ethereum online?

Ethereum can be bought through different exchanges. The trader needs to have a crypto wallet that should be connected to their bank to carry on the transactions.

When is the right time to buy Ethereum?

It is usually suggested to buy it when the prices are low, and hold it till its price rises.