Summary: Ethereum (ETH) is available to purchase directly through the PayPal app alongside Bitcoin (BTC), Litecoin (LTC), and Bitcoin Cash (BCH). That said, it is one of the most expensive methods to buy Ethereum, with fees exceeding 2.5% per transaction. For a better and more affordable alternative, we recommend going through a secure digital asset exchange that accepts PayPal deposits.
Our expert team has identified and compared the top exchanges that accept PayPal deposits and determined that eToro is the best available option. They accept instant fiat deposits via PayPal to buy and sell Ethereum (ETH), as well as 4000 other assets. Their platform is audited & secure and allows customers to safely stake ETH to earn Ethereum Protocol Staking Rewards.
- Fast and free deposits from PayPal accounts to buy Ethereum (ETH).
- Tight spreads and low trading fees on ETH with staking options available.
- 80+ Cryptos and over 4000 Stocks, ETFs & Commodities available.
Can I buy Ethereum (ETH) with PayPal?
The short answer is yes, it is possible to buy Ethereum (ETH) directly through the PayPal app. However, our research team recommends avoiding this method completely as it charges extremely high fees. According to PayPal Crypto's terms and conditions, they charge up to 2.5% on fees, spreads, and other hidden costs.
In saying that, there is a more affordable way to invest in Cryptocurrencies and still use your PayPal account. Simply use a third-party regulated digital asset exchange that accepts PayPal as a payment method. There are many reputable and trusted platforms that are available all over the world.
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 offer free and instant PayPal deposits to buy and sell Ethereum at 1/3 of the price on the PayPal app. 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 a free account on eToro and complete the verification requirements.
- Select the 'Deposit Funds' button and select 'PayPal'. Follow the prompts to connect your PayPal account.
- Once the PayPal deposit hits your account, find the ETH token in the search bar and tap 'Trade'.
- Input the amount you want to invest and execute your trade.
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What are the fees to buy Crypto?
eToro offers a secure and affordable trading environment with zero fees on deposits and a small $5 fee on fiat currency withdrawals. Crypto withdrawals are also subject to a small fee to cover the cost of gas. The trading (buy/sell) fee for Crypto is 1% of your total transaction amount and there is no fee to buy other assets like stocks, ETFs and more.
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). It was launched in 2015 by Vitalik Buterin and has since become one of the most popular digital assets.
As of March, 2023, there are over 120 million ETH in circulation with a market capitalization of over $180 billion.
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Final Thoughts
Buying Ethereum (ETH) with PayPal is often an expensive affair due to the high fees that come along with PayPal's Crypto app. However, there are a few Crypto exchanges that allow you to buy Ethereum with a PayPal deposit for much lower fees and spreads. As previously mentioned, eToro is the best option for PayPal customers as they offer significantly lower fees, better security and more assets to invest in.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.
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