How to buy Ethereum with PayPal

PayPal is an increasingly popular as a way to get and store cryptocurrency. We'll guide you to the right platforms that accept it and offer Ethereum tokens.
By: Harry Atkins
Harry Atkins
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue… read more.
Updated: Jun 8, 2021
Tip: our preferred broker is, eToro: visit & create account

It is possible to deposit money into your broker by using PayPal, but it can be difficult to find a platform that accepts payments in this way. We’ll explain why below, and then give you some tips so you know how to find a good platform.

Where can you buy Ethereum with PayPal?

If you want to use PayPal to get Ethereum and are aware of the process involved, check out our table or list below for reputable sites where you can make your purchase. If you are a beginner, keep reading.

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Description:
eToro is a multi-asset investment platform with more than 2000 assets, including stocks, ETF’s, indices, commodities and Cryptoassets. eToro offers over 14 Cryptoassets to invest or invest in their CryptoPortfolio where investors can benefit from the accumulated growth of Bitcoin, Ethereum, XRP, Litecoin and other leading cryptocurrencies. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click, Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Borneo Exchanger, Bradesco, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China UnionPay, ClickandBuy, Contact, Contact Z, Credit Card, Cryptocurrencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, Mailing Cash, Masari, Mastercard, MegaTransfer, Mister Cash, Moneta, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, WebMoney, WebPay, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
AMF, ASIC, CySEC, FCA
Cryptoasset investing is unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. CFD crypto trading is unavailable for clients residing in the UK and US.

What’s the difference between broker platforms, exchanges, and wallets?

Choosing whether to use an online broker platform or an exchange to depends on what your intentions are.

Exchange

An exchange is a marketplace for buyers and sellers. Cryptocurrency exchanges connect people looking for Ethereum with those who want to sell it, enabling peer-to-peer transactions between them, without ever knowing who they are.

Broker platform

A ‘broker’ or Contract For Difference (CFD) platform allows you to trade against the value of Ether without actually owning the coins themselves. This is what cryptocurrency traders do on a daily basis (on Wall Street, for example). Similarly to exchanges, CFD platforms enable you to open and close positions quickly, taking advantage of Ethereum price changes to make a profit. Ethereum brokers are not designed for long-term investments, but to give a fast way to capitalise daily.

Wallet

A wallet is essentially a bank account: it is an address that stores your ether coins and allows you to send or receive ether to/from other wallets. Every wallet comes with two separate strings of numbers and letters known as ‘keys’: a public key (used to receive ether) and a private key (used to send ether to other wallets). You need these if you want to store your coins as a long-term investment and aren’t very interested in constantly tracking the market.

Therefore, if you want to find ether at a competitive rate and capitalise on fluctuations in price, then you’ll want to sign up to an exchange or CFD platform. The key difference between these two types of service is that on an exchange you store the coins yourself, whereas with a CFD platform you trade ethers without actually owning them.

What’s the difference between PayPal and Ethereum?

PayPal is a payment method that allows you to make your purchases using fiat currency such as USD and GBP, whereas Ethereum is a blockchain network that supports its own cryptocurrency called ether. Ether transactions, unlike those on PayPal, are anonymous, and the primary difference between the two platforms lies on the technical level of how spending works.

PayPal transfers rely on the conventional banking system to keep track of spending and verify transactions. Ethereum transactions, on the other hand, are completely decentralised. Ether payments are peer-to-peer transactions that happen without the need for the involvement of a third party.

Is PayPal a commonly accepted payment method for ether?

No, PayPal is not commonly accepted when it comes to investing in cryptocurrency in general. This is because it has been associated with chargeback scams in the past, which led to several sellers transferring ether away and then having the money they received for it claimed back, leaving them out of pocket.

Is using PayPal the best method?

Probably not, largely because of the restrictions, but also because it can incur high fees. You will also not commonly be allowed to purchase large amounts of ETH coins using PayPal, as you can with bank wire transfer. And even for small amounts, the fees can be high, sometimes reaching more than 5%. Generally it’s better to use a card for smaller amounts of Ethereum and bank transfers for larger ones. However, on platforms that accept PayPal it’s perfectly secure if it’s the payment method you wish to use.

How to buy Ethereum with PayPal – a step-by-step guide

Now you know what your options are, you need to know how to use them. That’s why we’ve outlined all the steps right here. If you’re already familiar with how it’s done and have specific questions you need answering, then skip to our frequently asked questions section at the bottom of the page.

What do I need to do before I get started?

You’ll need to provide some information to sign up to a service. Spending ether is completely anonymous, but in order to verify your account and to combat fraud there are a few things you need to have with you. To get started you need to prepare your:

Method of payment

Whether buying ether with a credit/debit card, bank transfer, or PayPal you’ll need to have your account details to hand and make sure there are no restrictions on payments of that type through your chosen service.

Proof of identity

You’ll almost always be asked to supply valid photo ID to prove your identity when signing up to a platform. A passport or driving license is most commonly required and you’ll often be asked to supply a selfie of you next to it to verify it’s yours.

Proof of address

Along with photo ID you’ll be asked to supply proof of your address, generally in the form of a utility bill or a bank statement. If you don’t have access to these documents, others are sometimes accepted. This will, however, depend on the platform so be sure to check you have the right forms of ID before signing up to a particular service.

Exchange or broker platform

Now decide which type of platform you want to use. Consider what you want to get out of your investment, and make sure the provider accepts PayPal payments, and then find the service that best matches your aims from the summaries above.

The final steps

Alright, you’re ready to sign up. Follow these steps to learn how to buy Ethereum with PayPal.

  1. Visit site and open a free account. Select a service from our list and click the link. Once you’ve arrived on your chosen platform, select the option to register an account.
  2. Fill out personal details. Fill out the required details to register a new account. This will usually be your name, email address, and country of residence. On most platforms this form will also be where you set your account password. If not, then:
  3. Create password. It’s very important to have a solid password, especially on an exchange as your account will be used to store your ethers. Make sure to include a mixture of letters and numbers and make your password memorable. In a few cases there won’t be an option to create a password at this stage. This will mean one has been randomly generated and in your confirmation email (see next step) there will be a link to change your password. Make sure you do this as nothing is more important than the safety of your account.
  4. Activate account. In the majority of cases the next step is to check your inbox for an account verification email which will include a link to activate your account. As mentioned above, for some services this will also be the point at which you set or change your password.
  5. Fund account or make payment. In most cases, you’ll have to transfer money into your account balance, and in other cases you’ll be able to make a direct payment. Either way, there are a variety of methods to pay for your ether. We’ve summarised them for you here:
    • Bank transfer. You’ll need to acquire the destination bank details from the site, key in your own account details and the amount of money you wish to transfer. Bank transfers commonly take between 1 and 5 days to go through.
    • Card payments. Depending on the platform you’ll either have to add your card details to your account, or simply enter your card details and make a one-off payment. The process is the same as using your card on any online shopping site.
    • PayPal/other. If your platform accepts PayPal (many of them don’t), then you’ll simply have to select the option to pay with PayPal. This will direct you to a page that will enable you to pay from your PayPal into the account you’ve created on the platform. You’ll want to ensure that your PayPal account is active, funded and has no restrictions.
  6. Make your purchase. If you’ve made a payment, congratulations! You’ve bought your first ether. If you’ve transferred funds into your account then you’re just one small step away: simply follow the link on the platform use the money deposited in your account. Choose how much ether you want and confirm the transaction. Done!
  7. Additional: Withdraw to wallet. If you’re using an exchange there will be an integrated wallet you use to store and trade coins, but you can create an external wallet into which you can transfer coins for extra security. If you’re using a CFD platform, you don’t need a wallet as the coins are handled within the platform. 

Should I buy ETH with PayPal?

Pros

  • PayPal is a quick and easy payment method
  • It usually has low transaction fees for purchases
  • Your transactions are guaranteed to be secure

Cons

FAQs

ℹ Can Ethereum replace PayPal?
ℹ Why is Ethereum better than PayPal?
ℹ Can I convert ether back to PayPal?
ℹ Can you get other cryptocurrencies using PayPal?
ℹ Can I use PayPal on Coinbase?
ℹ Can you convert ETH to GBP or USD using PayPal?
ℹ Will using PayPal actually work?
ℹ Can I remain anonymous?
ℹ Why are there no easier methods of buying Ethereum?
ℹ What’s the fastest way to get Ethereum?
ℹ Are there fees for buying ether?
ℹ What are the fees for depositing funds?
ℹ What are the fees for withdrawing funds?
ℹ Should I leave my ether on an exchange?
ℹ If the limits aren’t high enough, can I get ether on multiple exchanges?
Do I have to use Ethereum to get other cryptocurrencies?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Harry Atkins
Financial Writer
Harry joined us in 2019, drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the… read more.