How to buy Ethereum with PayPal in 2024

This introductory guide explains how to buy Ethereum with PayPal. Follow our simple three step guide to make your first purchase.
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Updated: Jan 29, 2024
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Trade your favourite markets with our top-rated broker, Plus500.

4.5/5

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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Firstly, the most important question to answer is: can I buy Ethereum with PayPal?

Yes, you can buy and store Ethereum on PayPal. You can also use PayPal to fund a trading account and buy Ethereum that way.

You just need a crypto exchange that accepts PayPal deposits. And we’re here to help.

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

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It takes about 15 minutes to buy ETH with PayPal. Have a copy of your photo ID to hand and follow this guide to get started.

Step 1. Sign up with Plus500

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We recommend Plus500 as the best platform to use to buy ETH with PayPal.

1
Min. Deposit
$ 100
Best offer
User Score
10
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker – FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2. Create an account

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You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.

Step 3. Make a deposit via PayPal

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Enter how much you want to deposit and select PayPal as your payment method from the list of options.

Step 4. Use the search box to find Ethereum

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Use the search box on the home page to search for Ethereum and the currency you want to pay in (such as GBP).

Step 5. Make your purchase

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Enter how much Ethereum you want to buy, check the details and process the transaction. Once the payment goes through, your new Ethereum will show up in your exchange account.

Top Ethereum platforms that accept PayPal

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1. Plus500. Best for international CFD trading*

From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro. Best for beginners, copy-trading & demo-account

1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

3. Bitstamp. Best for professionals & trading with APIs

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

Quick answers to key questions

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Can I buy crypto with PayPal?

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Yes, you aren’t limited to buying Ethereum alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support PayPal as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is PayPal safe?

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Yes, it’s completely safe to use PayPal. The only risk to look out for is to make sure you sign up to a regulated PayPal Ethereum broker when buying Ethereum. Using an unregulated broker platform can put your money at risk.

How much does it cost to buy Ethereum via PayPal?

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Fees range from $0.49-$2.49, depending on the size of your purchase. Any purchase over $200 is charged 1.8% of the total value. For transactions over $1,000, the fee is 1.5% of the total.

Can I store Ethereum in my PayPal account?

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Yes, PayPal also acts as an Ethereum wallet. You can buy and store Ethereum on PayPal, or send it to a dedicated crypto wallet if you prefer.

Why don’t more crypto platforms support PayPal?

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PayPal charges a fee for merchants who receive payments via its service. This fee can be quite a high percentage, up to 2% of the total transaction, so many platforms simply choose not to accept payments that way.

Often those platforms choose to provide alternative, and cheaper, payment methods like Venmo or Payoneer instead.

Should I buy Ethereum using PayPal?

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PayPal is a convenient way to buy Ethereum if you already have an account. You don’t need to sign up for a crypto broker platform and you can store your coins along with the rest of your money.

On the other hand, PayPal is fairly limited as a crypto broker. It’s also one of the more expensive ways to buy Ethereum, while many brokers don’t accept it as a way to fund your trading account on third-party platforms.

Here is a quick summary of the pros and cons of using PayPal to buy Ethereum.

Pros

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  • Buy and store Ethereum from your PayPal account
  • Easy to set up a PayPal account with your phone number and email address
  • Any payments you make through PayPal are guaranteed to be secure

Cons

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Is there an alternative to buying cryptocurrency with PayPal?

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There are many alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Ethereum purchase.

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FAQs

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Can I buy Ethereum with PayPal on Coinbase?
Can I buy Ethereum with PayPal on Cash App?
How do I fund my crypto account with PayPal?
Can I buy Ethereum with PayPal instantly?
Can I buy Ethereum with PayPal anonymously?
Can I buy Ethereum with no fees?
Can I buy other cryptocurrencies with PayPal?
Does Binance accept PayPal?
Can I store ETH in my PayPal account?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.