how to buy bitcoin with credit card

We can both agree on this:

Buying Ethereum with PayPal is hard and confusing.

Luckily, today we'll show you how easy and fast it can be.

We've put together the complete guide on how to convert PayPal to Ethereum.


A lot of our readers have shown interest in converting PayPal to Ethereum.

It's not super simple, but yes it really works and is the best way to buy Ethereum with PayPal today.


We suggest using the exchanges listed below or doing research before buying from any exchange.

Many exchanges are simply trying to steal your passwords and personal information!

We do research on every exchange we list and are very careful not to include scam exchanges on our site.

eToro Trading Platform

best bitcoin wallet


eToro is currently the most seamless way to buy Ethereum using PayPal.

When nearly every other exchange either refuses to support PayPal or has been shut down after supporting it, eToro stands, ready to accept your PayPal payment (with a few caveats).


There are not many options for buying Ethereum with PayPal.

VirWoX was the major PayPal to Ethereum exchange, but it got shut down in January 2020.

eToro is the best way to use PayPal to gain exposure to Ethereum. It allows you to speculate on the price but access the coins.

  • Popular Exchanges
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • Localcryptos
    • Support for nearly every country
    • Wide range of payment methods accepted
    • Trusted exchange around since 2018

eToro

eToro is a social trading platform, and lets you deposit via PayPal. As mentioned earlier, you don't get to buy actual Ethereum but still gain exposure to its price moves.

etoro review

eToro is available in most countries, but is NOT available in the following countries:

Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Botswana, Brunei, Burundi, Canada, Chad, Congo Republic, Crimea Region, Cuba, Democratic Republic of the Congo, Ethiopia, Guyana, Guinea, Guinea-Bissau, Iran, Japan, Laos, Libya, Mali, Myanmar, Namibia, Nicaragua, North Korea, Palau, Samoa, Serbia, Somalia, Sudan, Syria, Turkey, Uganda, Yemen

eToro is available in the United States, but does not accept PayPal for US customers. If you're in the USA, here are some other ways to buy Ethereum.


Recommendation

Want actual Ethereum?

Were you buying with a PayPal account connected to your credit or debit card?

Then just buy Ethereum with your credit card or debit card directly!

The fees are much lower and you'll get your Ethereum faster.

Still want to buy BTC with PayPal? Keep reading and we'll show you how!

LocalCryptos Trading Platform

best bitcoin wallet


LocalCryptos has long been a workaround to the problem of buying Ethereum using paypal.

That's because LocalCryptos is really a network of face-to-face buyers and sellers.

Sellers can choose what forms of payment they accept, and some of them choose to support paypal.


LocalCryptos also works for buying Ethereum with PayPal. The main issue is there are very low limits, unless you are willing to go through LocalCryptos KYC process. This will allow you to buy more Ethereum but also removes a lot of the privacy protections that LocalCryptos provides its low volume users.

  • Popular Exchanges
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • LocalBitcoins
    • Support for nearly every country
    • Wide range of payment methods accepted
    • Trusted exchange around since 2012
  • Localcryptos
    • Support for nearly every country
    • Wide range of payment methods accepted
    • Trusted exchange around since 2018

Unlike eToro, though, it should work in most countries, and there are a wide range of sellers, all with strong feedback scores. See below:


Recommendation

Did you just buy Ethereum? Don't store your Ethereum on eToro

Move them into a Ethereum wallet that you control.

Frequently Asked Questions

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In this chapter, we will answer some of the most commonly asked questions about buying Ethereum using Paypal.

It's updated regularly, so there is a good chance we've already answered any questions you have.


Does PayPal Accept Ethereum as a Deposit Method?

You can't fund your PayPal account using Ethereum from within PayPal.

However:

Using an exchange like Coinbase you can sell Ethereum to your PayPal account.


Recommendation

We understand:

The fees are crazy high for buying Ethereum with PayPal.

Were you buying with a PayPal account connected to your credit or debit card?

Then just buy Ethereum with your credit card or debit card directly!

The fees are much lower and you'll get your Ethereum faster.

Can I Buy Ethereum with PayPal on Coinbase?

No, you can only sell Ethereum from your Coinbase account TO PayPal.

Is There a PayPal Ethereum Wallet?

There have been rumors that PayPal has been planning Ethereum integration.

And as recently as July 22, 2020, an unknown source inside of PayPal claims they will be adding a way to buy Ethereum through PayPal soon.

Even so, PayPal still has not integrated Ethereum with its services and even if the rumors are true, there is no guarantee there will be an integrated wallet.

Can I Buy Ethereum with PayPal No ID?

eToro requires ID to purchase although you may be required to use a verified PayPal account.

LocalCryptos requires ID as well.

  • Popular Exchanges
  • eToro
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Your capital is at risk

    We do not promote, endorse, or earn commissions from the trading of securities of any kind, including CFDs, however, eToro requires that we provide you with the following disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

  • Localcryptos
    • Support for nearly every country
    • Wide range of payment methods accepted
    • Trusted exchange around since 2018

recommendation

Do you want to buy large amounts of Ethereum? Try buying Ethereum with bank transfer instead.

Should I leave my Ethereum on the exchange after I buy?

We really recommend storing any Ethereum you want to keep safe in a wallet you own.

Many Ethereum exchanges have been hacked and lost customer funds. If you don't want to fall victim to these hacks then the easiest way is to store your coins in a wallet you control.

Can you use Paypal to receive money for selling Ethereum?

Yes of course!

As mentioned above, you can sell your Ethereum to Coinbase or on LocalCryptos and receive cash to your Paypal account. use in the USA and some of Europe. The fees for selling Ethereum to PayPal are 3.75% using Coinbase.

Can you buy other cryptocurrency using this method?

You can use this method to buy Ethereum and then trade the Ethereum for another cryptocurrency using an exchange like Poloniex or Kraken.

Does Poloniex accept PayPal?

Poloniex is currently one of the biggest crypto exchanges and many people want to know if it accepts deposits via PayPal.

Well, the answer is no. Poloniex only deals with cryptocurrency and does not accept deposits using credit card, bank transfer, cash or PayPal.

Does Kraken accept PayPal?

Kraken is currently one of the biggest crypto exchanges and many people want to know if it accepts deposits via PayPal.

Well, the answer is no. Kraken accepts bank transfers, SWIFT, SEPA and ACH.

Does Coinmama accept PayPal?

Coinmama is currently one of the biggest exchanges. Many people want to know if it accepts deposits via PayPal.

Coinmama only accepts bank transfers, SWIFT, SEPA, credit card, debit card and ACH.

Theft, Scams, and Storage

best bitcoin wallet


In this last chapter, we will cover common scams and hacks related to buying Ethereum using paypal, as well as how to store your Ethereum after buying so that they remain safe.

It's up to you to protect you investment, so pay close attention - buying is only half the battle.


If you get one thing from this article let it be this:

Don't store your Ethereum on exchanges!!!

Here are two examples where users got screwed by leaving Ethereum on exchanges:

And there are many more I could list.

Make sure you get yourself an Ethereum wallet that will securely store your Ethereum.

Besides storage, there are many scam exchanges out to steal your credit card information and/or Ethereum.

Following these two basic principles should help you avoid theft, scams, and any other loss of funds:

  1. Do research before buying on any exchange. Check reviews, ratings, and regulation information.
  2. Don't store coins on the exchange. Already mentioned above but worth repeating.

Secure Ethereum Hardware Wallets:

How to Buy Ethereum with PayPal on LocalCryptos

best bitcoin wallet


In this bonus chapter, we walk you through how to buy Ethereum on LocalCryptos using Paypal, every step of the way.

By the time you complete this chapter, it should be easy for you to get your Ethereum using Paypal.


We don't recommend buying Ethereum with PayPal on LocalCryptos. the fees are horrible as the premium is about 20% compared to the global Ethereum exchange rate. Plus another 1% charged by LocalCryptos!

Another con of using LocalCryptos is you are dealing with an individual seller rather than a marketplace. You will also need a verified phone number connected to your LocalCryptos account.

If you are still sure this is how you want to get your Ethereum, here is how to do it.

To start, login to LocalCryptos and then enter your search parameters to find sellers. Here we chose ETH sellers accepting Paypal in the US.

select parameters on localcryptos search

Look at the results to find sellers that look good to you and click "Buy" on the one you like.

view localcryptos results

On the buy page, review the seller's reputation. If the score is high, move on to the next step

reivew seller repuation on local cryptos

Enter the dollar amount of ETH you wish to buy.

input trade info on localcryptos

Leave the seller a message telling them you'd like to make a trade with them.

leave a message for seller on localcryptos

Now, just click "Open Trade" to get the trade initiated.

open trade on localcryptos

You should hear back from the seller soon, but its good to look at the "Last Seen" trait in their profile (circled above in green) to get a good idea of how often they check their localcryptos profile."

Buying Ethereum from Paypal Directly Coming Soon

best bitcoin wallet


In this bonus chapter, we discuss the history of Paypal's comments on crypto and the recent announcement that they will soon be adding Bitcoin and Ethereum purchases to their platform.

Paypal has spent many years talking down to crypto, but may be changing its tune.

What has PayPal said about crypto in the past?

Back in April 2018, the founding CEO of PayPal said that Bitcoin and crypto was the biggest scam in history. Bill Harris used the words ‘speculative’, ‘gamble’, ‘scam’ and ‘bubble’ to describe the cryptocurrency. He warned people to be careful against what he termed as a “pump and dump scheme” with risks that the world had never witnessed.

Bill Harris on FastMoney

This announcement seemed to negate an earlier suggestion by a top executive at PayPal that crypto would become a popular payment option. In February of 2018, Chief Financial Officer John Rainey was interviewed by Wall Street Journal. In a part of the interview titled “Crypto Factor”, he maintained that there was a likelihood of crypto becoming a popular payment option.

John Rainey on CNBC

However, Rainey indicated that it would take years before this would ever become a reality. This is a position that PayPal’s co-founder shares. Max Levchin was quoted in December 2017 saying that the digital asset technology was revolutionary. Even so, Levchin did not think that PayPal was ready to embrace the technology yet.

Paypal changing its tune on Ethereum

On July 22, 2020, Coindesk broke the story that Paypal would be adding Ethereum and other crypto purchasing through its platform soon. As of now, we do not know when Paypal intends on launching this service or even what coins it will support, though it seems likely they will include Ethereum.

What we do know is that the service will be provided via Paxos Crypto Borkerage API. Paxos will handle all custody, KYC, and compliance. Paypal will merely allow you to use your paypal balance to or connected cards to buy and sell Ethereum through its own user interface.

Paypal is adding crypto via Paxos Crypto Brokerage

PayPal has already partnered with Coinbase, BitPay and GoCoin for transactions of digital goods. This allowed merchants using Paypal to also accept cryptocurrencies with minimal effort. John Donahoe, the Chief Executive Officer at eBay, said he believed such a partnership would hugely benefit his company in the future.

It's important to note, though, that this story comes from an anonymous source, and has not been confirmed by Paypal at this time. However, the source suggested that an announcement would be mader later this week. We'll update this page accordingly as we find out more.