How to Buy Ethereum (ETH) with PayPal in 5 Steps

In this straightforward guide, you’ll discover how to invest in Ethereum using PayPal. We’ll help beginners complete their ETH purchase in under five minutes:

Step 1: Choose the Best Place to Buy Ethereum

Although hundreds of trading platforms support Ethereum, a much smaller number of providers accept PayPal.

We examined the market extensively to identify the best exchanges and wallets that support e-wallet purchases. Core ranking factors included transaction fees, minimum purchases, know-your-customer (KYC) requirements, and asset security.

Overall, we found that Best Wallet is the best place to buy ETH with PayPal in [cur_year].

Best Wallet is both a wallet and a decentralized exchange (DEX). It lets you buy Ethereum and over 1,000 other top altcoins with PayPal, as well as Google/Apple Pay, Visa, Mastercard, and Skrill.

As the iOS and Android app aggregates Ethereum prices from multiple exchanges, you get the most competitive rates. Best Wallet doesn’t enforce KYC verification and has low minimum purchase requirements. You can then securely hold the purchased ETH in non-custodial storage.

Step 2: Set up Best Wallet and Secure the Account

To access Best Wallet’s decentralized mobile ecosystem, you need to download and install its app. Get it from the Best Wallet website to ensure you download the latest version.

Then, open the app and enter (and verify) an email address. Best Wallet collects emails for communication purposes only; it replies to account queries to the provided address.

To secure the wallet, choose a four-digit PIN. You can replace the PIN with facial recognition or fingerprint ID in the “Settings” tab. Just turn on the “Biometrics” toggle to activate it.

Best Wallet eliminates seed phrase vulnerabilities by encrypting your private keys on your device and backing them up on your personal cloud. This way, you can recover your wallet on any device, and you don’t need to worry about losing or having your seed phrase stolen.

Finally, we recommend Best Wallet’s two-factor authentication feature. It prevents access without SMS verification codes, which the system sends for each login attempt.

Step 3: Enter Your Ethereum Purchase Requirements

Tap the “Home” button on the Best Wallet app and select “Ethereum” and “Buy”.

On the payment form, choose your preferred fiat currency. Best Wallet supports USD, EUR, GBP, and 20+ additional options. Choose USD if the app doesn’t display your local currency, since PayPal offers the best exchange rates in U.S. dollars.

The app shows credit card as the default payment method; change it to “PayPal”. Then enter the amount of Ethereum you want to buy. Note that Best Wallet has a $20 minimum for PayPal purchases.

Step 4: Review ETH Fees and Complete PayPal Purchase

Once you enter the PayPal purchase requirements, Best Wallet shows the best available exchange rate. It fetches prices from dozens of on-ramp gateways and includes all transaction fees in the final quote.

Although the app matches you with the most competitively priced provider, evaluate fees carefully before buying Ethereum with PayPal.

To complete the investment, tap the “Buy ETH” button.

The gateway’s payment screen appears, requiring you to enter your email address. Confirm the email, then securely sign in to your PayPal account. Neither Best Wallet nor the partnered on-ramp can view your PayPal credentials. The app uses encryption tools to protect your data.

Review the transaction details on PayPal’s confirmation screen, and choose the funding method (e.g., PayPal or a linked bank account). Once confirmed, PayPal handles the payment, and the gateway transfers ETH to your Best Wallet Ethereum address.

Step 5: Safely Store Your ETH Tokens

After you buy Ethereum with PayPal, keeping your coins safe is essential.

Best Wallet allows you to store ETH coins in a non-custodial environment, and since you’re the only one with access to the encrypted private keys, third parties cannot access your funds.

Ensure you activate biometrics and two-factor authentication to maximize security, and carefully review links and connection requests to mitigate cybersecurity risks.

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