While there are still limited options to buy Ethereum with PayPal there are more and more new services start to surface as the market sees the demand for such payment methods.
There are a few ways how you can buy Ethereum with PayPal.
1. CFD Trading
The easiest, of course, would be to buy Ethereum with PayPal at any CFD broker. As you are not buying the actual Ehereum but only would be trading against price fluctuations you can easily buy Ethereum with PayPal, credit card or a bank transfer. The below CFD brokers are our favourite choice to trade Ethereum CFDs in the UK. Check them out if you want a hassle-free, straightforward trading experience. On eToro you even can use the service of the social trading and copy more experienced and successful traders while you are getting familiar with the ins and outs of the crypto trading.
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The problem with buying Ethereum with PayPal comes when you want to buy the actual Ethereum cryptocurrency and store it in your wallet. As PayPal or any credit card purchase is reversible payment service the exchanges are not willing to take the risk of the PayPal payment which is known for its notorious royalty to the buyer. So effectively, anyone can buy Ethereum or Bitcoin and after the transaction is complete complain to PayPal that they never received anything and the may get away with a few free Bitcoins. For this reason, a lot of providers do not offer this payment method.
Below are a few places where you still can make payment with PayPal though.
2. Buy Ethereum with PayPal via buying Bitcoins first.
Well, sounds a bit convoluted but as we mentioned above PayPal as a paying medium is very risky for the seller and as Bitcoin is still a preferred crypto by many people there are more ways to acquire it via PayPal. We are sure this will change in the near future but at this moment these are the places where you can get bitcoin which you then can convert to Ethereum.
Virwox is a virtual currency exchange and is mainly orientated to exchange Linden dollars, which is a currency of the virtual world – Second Life.
Here you can deposit your cash from a credit card or PayPal then you convert it to Linden dollars as per the current exchange rate and then you can buy Bitcoin. With Bitcoins in your wallet, you can then buy Ethereum on any crypto exchange. Surely the whole process is a bit convoluted and lengthy also you will be losing a few extra dollars on exchange fees here and there but you can buy Ethereum with PayPal this way.
Offers a service where you can buy Bitcoin directly from them, they even give you a free online bitcoin wallet. the only thing is that you effectively will not be buying Ethereum via PaPal you first will have to transfer money from your PayPal to one of their cards and from that card, you can buy Bitcoin small catch but if you are on a mission to buy Ethereum with PayPal this option may work. They also claim that they charge no fees for buying Bitcoins.
Paxful is a Bitcoin Peer-to-Peer network where you can easily obtain Bitcoin with any paying method, and we mean it. We think Paxful probably offers the largest paying method options we yet came across from iTune and Xnbox gift cards to SEPA, Netteller, PayPal and any more other options. Definitely worth checking them out.
– Local Bitcoin
While we are on the topic of peer-to-peer selling platforms it is probably worth mentioning Localbitcoin platform here y can also buy Bitcoins from other people. Then, of course, you can convert your Bitcoins to Ethereum.
3. Buy Ethereum with PayPal on Peer-to-Peer Marketplaces.
P2P marketplace is a place where you buy or land directly your coins from other people.
Xcoins has introduced this landing service where you buy cryptocurrency but you actually you land it. So what it means and how it works and why PayPal service is no longer risky payment in this context?
So the transaction is done in the secured loan format. This means that you actually borrowing your Ethereum or bitcoin against your cash dollars, euros or any other accepted currency which is held as a collateral against the borrowed crypto amount.
So why exactly is it better for the Exchange?
Cryptocurrency transactions are irreversible like cash. In contrast, as mentioned above, credit card, debit card, and PayPal payments can all be reversed. To protect themselves from chargebacks, exchanges make clients wait for several days to get the cryptocurrency they purchased, they also do not allow credit card payments, PayPal, set low limits on trades, or often, do all of the above.
Secure lending solves this problem by giving Ethereum or any other crypto as a loan. There is no waiting period to get Ethereum, and borrowers can pay the security deposit and fees with their favourite payment method.
What happens if you do not repay the loan?
If you do not repay the loan back to the lender, the lender will keep the funds you deposited as collateral until you repay the loan.
Also in case if ethereum changed the price for the time you decided to repay your loan, you will need to return the amount of ethereum equivalent to the amount you received in US dollars, as all loan amounts are denominated in US dollars.
– Buy Ethereum with Paypal On Local Ethereum
Localethereum is a private peer-to-peer marketplace which allows you to trade either for local currencies via escrow smart contracts. Trades can be made via different methods such as online bank transfers and face-to-face cash trades, PayPal and more.