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How to Buy Ethereum with PayPal5-min read

Shivali Krishali

Shivali Krishali |  Updated on 19/3/2023

Now 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:

CEX.IO Review

CEX.IO Review

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Pros

  • list bullet Very low fees, highest spot trading commissions capped at 0.25%
  • list bullet Very easy-to-use and user-friendly dashboard, one of the best UX scores on the market
  • list bullet Over 200 crypto markets to choose from, all accessible from their comprehensive mobile app too

Cons

  • list bullet Different fees for different payment methds
  • list bullet Some features are exclusive to US customers
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)
Binance Review

Binance Review

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Pros

  • list bullet Advanced charting with a variety of choices for overlays and indicators.
  • list bullet Has the option to use Binance Lite which is very useful for beginners.
  • list bullet Low fees and one of the most reputable crypto brokers.

Cons

  • list bullet Digital wallet is third-party software.
  • list bullet UI can be most suited for professionals and may be complex at first glance.
  • list bullet Strict account verification.
Paxful Review

Paxful Review

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Pros

  • list bullet Paxful offers biometric authentication and verification.
  • list bullet Has more than 300 plus payment modes with fixed trading fees.
  • list bullet Quick and speedy support system.

Cons

  • list bullet This digital currency exchange ID's not regulated. Might be liable to seller scams.
  • list bullet Higher trading fees as compared to other exchanges.
  • list bullet Only has 3 cryptocurrency options.

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 and Paxful 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:

Libertex logo

  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.

Buy Ethereum with a PayPal Account on Paxful

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

Paxful logo

  1. Create your account
  2. Then complete your profile and upload your ID.
  3. Next, choose the type of currency you want to purchase.
  4. Put in the number of bitcoins you would like to purchase. Select PayPal  as the payment option.
  5. 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

  • list bullet

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

  • list bullet

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

  • list bullet

    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.

How to Make Profit with Ethereum Trading Bots

Automated Ethereum trading is quickly gaining popularity in the world of cryptocurrency. By using advanced software and blockchain technology, users can automate transactions and execute trades without any manual intervention.

To get started with automated Ethereum trading, it’s important to select a trustworthy platform and sign up. Many platforms offer a range of trading strategies that can be tailored to the user’s needs and volume of trades. However, customisation beyond a certain point should be left to experts to avoid unnecessary risks and losses.

When choosing a platform, it’s important to conduct due diligence and ensure that it has a good reputation. In India, where there are no regulations around digital assets, it’s especially important to read user reviews and identify any red flags or patterns.

In addition to reputation, advanced security and privacy features should also be a top priority. Beginners should choose a platform with a basic plan that offers all the necessary tools, and only move on to more advanced bots once they have a solid understanding of the basics.

One bot that’s designed specifically for Ethereum trading is Ethereum Code. Developed by Wall Street insiders, this bot uses predictive technology to make profitable trades at the most opportune times.

Automated Ethereum trading can be a lucrative venture, but it’s essential to choose a reputable platform and take the time to understand the basics before moving on to more complex strategies.

The following bots have all been vetted extensively by our team, from multiple accounts, over a period of six months or more, on legal compliance, encryption, payment processing methods, withdrawal and deposit requirements, as well as the reliability of their Support team and overall usability. They all use APIs specifically developed for ETH trading and have generated profits, even during a bear market:

Bitcoin Revolution Review

Bitcoin Revolution Review

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Pros

  • list bullet Claims to yield daily profits of up to 60%
  • list bullet Advertises leverage of up to 5,000:1 for trading CFD pairs involving cryptocurrencies
  • list bullet Handles multiple trades simultaneously

Cons

  • list bullet Takes a 2% commission on withdrawal but ONLY on earnings generated from its automated trading (no other fees)
Quantum AI Review

Quantum AI Review

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Pros

  • list bullet Users can automate their stock, forex and commodities trading
  • list bullet Features integrated Data Analysis and Risk Assessment tools in order to avert high-risk trades.
  • list bullet Easy to navigate with a wide array of trading preferences its users can automate.

Cons

  • list bullet As it is mostly known for forex and stock trading, Quantum AI is limited to only three cryptocurrencies - Bitcoin, Bitcoin Cash and Ethereum.
BitQT Review

BitQT Review

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Pros

  • list bullet Offers stock, commodity, CFD and crypto trading (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple and many more)
  • list bullet Renowned for its easy-to-use demo platform, allowing users to fully familiarise themselves with trading
  • list bullet BitQT offers up to 1000x leverage, allowing even beginners with small deposits to bet big on the market

Cons

  • list bullet Requires a minimum deposit of $250 or equivalent to activate your automated trading account
  • list bullet Analytics section could be improved to match the UI improvements of newer robot traders
Cryptosoft Review

Cryptosoft Review

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Pros

  • list bullet 24/7 Support team and complete transperancy with all trades carried out by the bot in
  • list bullet One of the few bots to carry out trades in LItecoin, Monero, Bitcoin Cash, Libra and EOS, maximising profits from altcoins
  • list bullet Trading across a wide array of crypto markets to generate incrementally greater returns over the long-term

Cons

  • list bullet Requires a minimum deposit of $250 or equivalent
  • list bullet Does not have a separate mobile app
Ethereum Code Review

Ethereum Code Review

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Pros

  • list bullet In addition to carrying out Ethereum trades, customers can also set up automated buy / sell rules for Shiba Inu (SHIB), Basic Attention Token (BAT), Tether, 0X (ZRX), Ripple (XRP) etc
  • list bullet Created by Wall Street insiders to empower retail investors with the tools needed to reach new levels of wealth
  • list bullet Entirely free to use with no hidden costs or post sign-up recurring charges

Cons

  • list bullet UI seems rather outdated in comparison with that of newer automated trading bots
  • list bullet Whilst still effective, trading preference options and customisable features could seem rather dated for current standards
FXMasterBot Review

FXMasterBot Review

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Pros

  • list bullet Combines crypto and forex trading, enabling even complete beginners to quickly learn
  • list bullet The bot claims an average success rate of 89-90%
  • list bullet Supports more than 5 crypto pairs along with 17 forex pairs

Cons

  • list bullet A minimum deposit of $250 or equivalent is required
  • list bullet Risk contingency mechanism for forex trades is as not as elaborate as its crypto counterpart
TeslaCoin Review

TeslaCoin Review

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Pros

  • list bullet Easy to navigate even for the complete beginners
  • list bullet No platform fees and fast, near-instant withdrawal times
  • list bullet One of the most comprehensive demo accounts

Cons

  • list bullet A minimal initial investment of $250
  • list bullet Users need to install the software after registration

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

PayPal and Galaxy have collaborated to raise $20 million in seed funding for Chaos Labs, a cloud platform that specializes in securing blockchain and protocols. The firm’s risk management platform employs automated agent and scenario-based simulations to safeguard crypto protocols from external threats and risks, such as market manipulation events and economic vulnerabilities.

With the seed funding, Chaos Labs aims to automate its on-chain risk optimization further. The company has prioritized this technology as it seeks to enhance its services and broaden its reach in the blockchain and crypto industry. The partnership with PayPal and Galaxy is expected to provide the company with the necessary resources to continue improving its technology and strengthening its position in the market.

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?

Paxful, CoinSwitch Kuber, Binance, Zebpay, etc

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 LocalBitcoins, Paxful, 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?

Binance, CEX.IO, Libertex, and Paxful 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.