Paypal is a renowned money transfer platform that lets you manage all your money in one place.
Fortunately, crypto users can now purchase Ethereum using Paypal.
In this article, we’ll show you how to buy Ethereum with PayPal on three different exchanges: Binance, Coinbase, and Crypto.com.
More importantly, we’ll discuss whether this facility is available for Pakistanis or not. Without any further ado, let’s begin.
How to buy Ethereum with PayPal in 3 Minutes
With PayPal’s recent entry into the cryptocurrency market, buying and selling crypto has become easier than ever. Now, investors can use PayPal to buy Ethereum with just a few clicks which only takes less than 3 minutes. This new development is sure to accelerate the already rapid adoption of crypto across the globe.
However, if you’re Pakistani, you should know that PayPal doesn’t operate in Pakistan and you must resort to other alternatives in the market.
Anyways, to buy Ethereum with PayPal in 3 minutes, you’ll first need to choose an exchange. There are several options available, but we recommend Binance, Coinbase, and Crypto.com as the best platforms for this purpose. Once you’ve selected your preferred exchange, simply follow their instructions to buy Ethereum with PayPal in a few simple steps.
Here is a quick example to start buying Ethereum as soon as possible:
How To Buy Ethereum with PayPal – Quick Steps
- Register for an account with your chosen centralized exchange (e.g., Binance). To do so, go to the official Binance website and push any of the available sign-up buttons. Then, fill out fields requesting a username, email address, and password.
- To verify your Binance account, please complete all KYC requirements. These include uploading a photo ID and demonstrating proof of address.
- To start, deposit at least $10 into your Binance account. You can do this easily by choosing PayPal as your method of payment. Pakistanis, however, can deposit via bank transfer or debit/credit card.
- If you want to purchase Ethereum, start by typing ‘Ethereum’ or ‘ETH’ into the search bar at the top of your screen. After Ethereum appears, click ‘Trade’, then enter how much money you’re wanting to invest. Finally, select ‘Buy’ if you plan to buy or ‘Sell’ if you wish to sell for a profit.
Where To buy Ethereum with PayPal
Now that we know how to buy Ethereum with PayPal, let’s explore the exchanges available to buy Ethereum with PayPal.
1. Binance
Binance is a leading cryptocurrency exchange that allows users to buy and sell Ethereum using PayPal. Binance offers competitive trading fees, an intuitive user interface, and an extensive list of coins that can be traded on the platform.
Binance is one of the more popular crypto exchanges where you can purchase or sell various cryptocurrencies, including Ethereum and NFTs. Not only does Binance list 600 cryptocurrencies on its platform, but it also exposes users to different sectors of the crypto ecosystem.
Binance has a user-friendly interface (and also a Simple Binance version called “Binance Lite“) and offers a variety of cryptocurrency options to invest in, depending on what classification you would like. For example, DeFi coins like Fantom and GameFi tokens such as Axie Infinity are included. By doing this, traders can investigate a large number of options and eventually find what best suits their needs.
You can use Binance primarily as an exchange, but you can also fund your account with fiat money. The only way to purchase Ethereum through PayPal is by utilizing Binance’s Peer-to-Peer trading feature.
Binance charges only 0.1% per trade, making it extremely cheap compared to other exchanges. If you want to buy Ethereum or another cryptocurrency immediately (without using Binance), there is a slightly higher fee of 0.5%. Nevertheless, Binance is attractive to investors because it offers a wide range of assets and low fees. With Binance, buying Ethereum with PayPal is easy.
Binance doesn’t just cater to one type of individual; it has something for everyone, from casual users to full-time investors. It especially excels in its wide range of crypto assets and low fees. PayPal is just one method that you can use to buy Ethereum easily on Binance.
2. Coinbase
If you’re looking for a beautiful and user-friendly platform to buy ETH with PayPal, Coinbase is a perfect choice. With its easy-to-use interface and straightforward terminology, Coinbase makes it simple and quick to purchase Ethereum directly through PayPal.
You can buy Ethereum directly with PayPal if you are located in the United States. If you are an international user, PayPal will still allow you to withdraw your funds. Coinbase also offers this service and currently allows users to cash out using USD, GBP, or EUR.
3. Crypto.com
Crypto.com is a great choice if you’re looking at your options for how to buy Ethereum with PayPal. They are one of the market leaders in safety and security, and they have a lot of other amazing features too.
Crypto.com gives its users a diverse variety of cryptocurrencies, including major ones like Bitcoin and Ethereum, as well as less popularized tokens like Dogecoin and Shiba Inu. Furthermore, Crypto.com is especially beneficial for users looking to keep an eye on their investment through staking rewards.
Staking allows you to receive rewards for locking up your cryptocurrency, similar to how a bank offers interest on a fixed deposit. For example, Crypto.com offers annual interest rates of up to 14.5% on certain cryptocurrencies.
Not only does Crypto.com make it easy to buy Ethereum using PayPal, but you can also top up your Crypto.com Visa card with PayPal– albeit with a 2.1% fee instantaneously.
Not only does Crypto.com have a 0.4% fee for makers and takers, but it also accepts fiat money deposits of currencies like US dollars via bank transfer–which is great news for PayPal customers.
Comparison Table of Exchanges 2023
| Crypto Exchange | Main Feature | Fees |
| Binance | The largest and most stable centralized exchange with added security and a smooth peer to peer feature. | 0.1% Transaction Fee (Buy/Sell) |
| Coinbase | Secured exchange for high-volume purchases and products typically utilized by organizations or businesses. | Buy: 3.99%Deposit: 2.5% |
| Crypto.com | Global crypto exchange which offers a variety of cryptocurrencies available and a platform designed to cater to customers in the United States. | Maker Fee: 0.04%~0.4%Taker Fee: 0.1%~0.4% |
If you want to use PayPal to buy Ethereum so that you can purchase goods and services, you now can do it directly through your PayPal account. Keep in mind though that not all merchants support paying with PayPal.
3 Easy Methods to Buy Ethereum using Paypal in 2023
In addition to buying Ethereum through centralized exchanges like CoinBase, Binance, and Crypto.com, there are other methods you can use to buy Ethereum with PayPal. Here is a guide for buying Ethereum with various methods. First, we’ll discuss buying Ethereum with PayPal via eToro.
eToro may not be the most popular platform for crypto enthusiasts but it is still a viable option.
Buy Ethereum with PayPal via eToro
eToro is an international social investment and brokerage company with a primary focus on foreign exchange markets. Not only can you manually invest using eToro’s platform, but you can also do so socially. The platform is available both online on www.eToro.com and through the eToro mobile app.
eToro is one of the quickest ways to buy ETH with PayPal. For a while, eToro was only known as a CFD broker. However, in 2019 it became one of the more prominent cryptocurrency trading services.
Make sure to know that eToro isn’t available to Pakistani crypto community.
Buy Ethereum with Paypal via Binance
As mentioned earlier, Binance is a popular crypto exchange that supports users from around the world. It is also a very secure platform and provides excellent customer support. Binance allows you to buy Ethereum with PayPal and here’s how.
Step 1: Create a free account on the Binance website or the app
You need a Binance account to buy cryptocurrency, such as Ethereum (ETH). Before you can make any purchases, you’ll first have to open an account and verify your identity.
⦁ Register via the Binance App
⦁ Register via the website using your email
⦁ Register via the website using your mobile number
Step 2: Choose how you want to buy the Ethereum (ETH) asset.
You have the option to buy Ethereum (ETH) through Binance. To do this, click on the “Buy Crypto” link located on the top left of our website’s navigation bar. After clicking that, you will be shown a list of available options depending on your location.
Tip: To ensure optimal compatibility, buy a stablecoin like USDT or BUSD first, and use that to purchase Ethereum.
You can convert your regular currency to Ethereum by following these steps: first, transfer the money from your Paypal account to Binance (or via peer-to-peer trading). From there, you will be able to use that amount of money to buy ETH through Spot Trading or Binance convert.
Step 3: Confirm your order
Your order will be recalculated and you will have 1 minute to confirm it at the current price. If you do not confirm within one minute, the new order amount based on the current market price will appear. You can click Refresh to see this updated information sooner.
Step 4: Store or use your Ethereum (ETH) in Binance
Your purchased cryptocurrency can now be kept in your personal crypto wallet, held in your Binance account, traded for other cryptocurrencies, or placed on Binance Earn for passive income. If you want to trade your Ethereum (ETH) through a decentralized exchange, Trust Wallet might be a good option as it supports millions of assets and blockchains.
Buy Ethereum with Paypal via Coinbase
You don’t need to invest a lot of money to get started with cryptocurrencies. Coinbase supports more than 200 different cryptocurrencies, including Ethereum, with a minimum order value of just $2. So if you’re new to the world of cryptocurrency trading, this is a great way to experiment with investing without putting too much at risk.
- Create an account at the Coinbase website or app.
- Fill out all the relevant information then confirm your identity.
- Link your Paypal account directly with your Coinbase account
Coinbase currently allows its users to cash out using either USD, GBP, or EUR.
FAQ
If you still have questions about how to buy Ethereum through PayPal, the following FAQ section should help to shed some light. By understanding some of the most commonly asked questions, you can be sure that you buy Ethereum in a way that suits your needs.
What Ethereum exchanges accept PayPal?
The biggest and most stable centralized exchanges accept PayPal, such as eToro, Crypto.com, Binance, Coinbase, and many more. Each of these options has a good reputational and are among the leading exchanges.
Is PayPal Available to Pakistanis?
Unfortunately, Paypal isn’t available to Pakistani users.
Is PayPal the safest way to buy Ethereum?
PayPal is a highly regulated money transfer company that you can trust with your transactions. With years of experience, PayPal has been vetted by some of the world’s most notable regulators for compliance with financial laws. The 2-factor authentication PayPal employs guarantees that only the account holder can log in and conduct transactions.
Is PayPal the fastest way to buy Ethereum?
You can expect speedier transactions when using PayPal to trade Ethereum. In fact, unless a transaction requires review by customer service, it will generally be instant. Speaking of speedy transactions, you can also get your deposits credited immediately if you use a credit card to purchase cryptocurrencies on most platforms.
Is PayPal the most cost-effective way to buy Ethereum?
When you deposit with PayPal, there is no fee charged by either PayPal or the 3rd party platform. In fact, it doesn’t get any cheaper than depositing with PayPal. On the other hand, if you purchase Ethereum directly from within the PayPal app, expect to pay a fee of up to 1.8% of the transaction amount.
Can you buy Ethereum With PayPal without verification or KYC?
Unfortunately, you cannot buy Ethereum on PayPal unless you go through their KYC verification process. However, this is usually the case for most exchanges and P2P platforms; the only way to bypass a KYC verification when buying ETH is by using decentralized exchanges.
