Can I buy Ethereum (ETH) with PayPal?
The short answer is yes. You can use PayPal to buy Ethereum (ETH) directly through the PayPal Crypto App. However, our research team recommends avoiding buying Ethereum directly through PayPal due to the high fees that are even worse than platforms like Coinbase. According to PayPal Crypto's terms and conditions, they charge up to 2.5% on fees, spreads and other hidden costs.
If you need to use PayPal to buy Ethereum, you can learn how to do so with this easy 2-minute video.
How to buy ETH with a PayPal Deposit
Fortunately for users, there are a few exchanges that help you get around paying the high fees to buy Ethereum on the PayPal Crypto app. Our recommendation is the eToro platform because they accept instant PayPal deposits to buy and sell Ethereum at 1/3 of the price of PayPal. Their platform also allows you to stake ETH to earn a yield of up to 5% APY.
You can buy Ethereum from your PayPal account in 4 simple steps:
- Create an account: Sign up to eToro.
- Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen and select 'PayPal'. Follow the prompts to connect your PayPal account.
- Find Ethereum (ETH): Once the PayPal deposit hits your account, find the ETH token on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the amount you want to invest and execute your trade.
Can I Transfer Ethereum from an Exchange to PayPal?
If you would prefer to custody your Ethereum (ETH) on PayPal, or send it to PayPal to cash out, you can do so in minutes. All major cryptocurrency exchanges (including eToro) support instant withdrawals of ETH, which means you can send it to your PayPal account at any time.
All you need to do is find the ETH deposit address on your PayPal Crypto app and withdraw the tokens to those details.
What is Ethereum?
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization after Bitcoin. It is a decentralized, open-source blockchain network that enables the creation of smart contracts and decentralized applications (dApps).
Ethereum was launched in 2015 by Vitalik Buterin and has since become one of the most popular cryptocurrencies. As of January 2022, there are over 120 million ETH in circulation with a market capitalization of over $300 billion.