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How to Buy Cardano with PayPal

How to Buy Cardano with PayPal

Adrian Graham
Fact Checked
Sep 28, 2022

Summary: The PayPal Crypto App does not directly offer Cardano (ADA) buying or selling on their platform. The only available method for PayPal users to invest in Cardano is by using an exchange that accepts PayPal deposits and offers ADA trading.

If you are looking to get started quickly, we recommend the eToro platform. They offer fast and cheap PayPal deposits to buy Cardano and 8,000 other cryptos, stocks, ETFs and more. Their platform also offers Cardano (ADA) staking with up to 9% APY paid out in daily yield.

Table of Contents

Best Method to Buy Cardano with PayPal

Platform Highlights

  • Fast and cheap deposits from PayPal accounts to buy Cardano (ADA).
  • Tight spreads and low trading fees on ADA with staking options available.
  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities available.
78% of retail CFD accounts lose money.

Can I buy ADA with PayPal?

The short answer is no. The PayPal Crypto platform only offers Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) trading. It is unclear whether they plan to add Cardano in the future, particularly during a period of high market volatility.

This means that PayPal customers will need to find a licensed exchange in their jurisdiction that accepts PayPal deposits and offer Cardano (ADA) trading.

How to Buy Cardano with PayPal Online

The best way to buy Cardano with a PayPal account is through a globally recognised trading platform like eToro. They are licensed in over 120 different jurisdictions and offer instant PayPal deposits to buy, sell and trade 8,000 different assets which include popular cryptocurrencies like Cardano (ADA).

You can get started in 4 simple steps from your PayPal account:

  1. Sign up to eToro.
  2. Select the 'Deposit Funds' button on the bottom of your screen and select 'PayPal'. Follow the prompts to connect your PayPal account.
  3. Once the PayPal deposit hits your account, find Cardano (ADA) on the eToro platform.
  4. Input the amount of ADA you want to buy and execute your trade.
Buy and Stake Cardano (ADA) with PayPal.

Is buying Cardano with PayPal safe?

The safety of buying Cardano with a PayPal account depends on the method in which you want to invest. For example, peer-to-peer methods like Local Bitcoins or Paxful have high counterparty risk because you need to trust in another random individual that will accept PayPal transfers for their tokens.

On the other hand, using licensed and regulated trading platforms that accept PayPal deposits like eToro or Coinbase is safe - because they offer guarantees and funds insurance. That said, we recommend eToro over Coinbase because they offer significantly lower PayPal deposit fees at 0.75% compared to 2.5%.

What is Cardano?

Cardano is a decentralised public blockchain and cryptocurrency project that is fully open source. It was founded in 2015 by Charles Hoskinson, one of the co-founders of Ethereum, and developed by Input Output Hong Kong (IOHK).

Cardano

The Cardano project is often referred to as the 'Ethereum killer' because it has the potential to solve many of the issues that are currently plaguing the Ethereum network. For example, Cardano has a scalable consensus protocol called Ouroboros which enables the network to process large numbers of transactions per second (TPS).

Cardano also has a sophisticated smart contract platform called Plutus that will enable developers to build decentralised applications (dApps) on the network. The Cardano project is also working on a number of other features that will make it a more attractive proposition for businesses and individuals looking to build on a public blockchain.

Should I buy Cardano?

The answer to this question depends on your investment goals and timeframe. If you are looking to invest in a cryptocurrency that has the potential to become one of the leading projects in the space, then Cardano could be a good option.

However, it is important to remember that all investments come with a certain level of risk and you should never invest more than you can afford to lose. We recommend doing your own research before making any investment decisions.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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