3 Methods to Buy Ethereum with PayPal Instantly
PayPal has the benefit of being both fast and widespread enough so as to make itself an essential online payment system. Yet, can we make use of its qualities to buy Ethereum (ETH) without hassle?
Luckily for you, there actually are 3 methods to buy Ethereum with PayPal instantly, but the procedure might not be as simple as the title may lead you to conclude.
First, you can forget the idea to use PayPal to buy Ethereum directly on regular crypto exchanges. Yes, this may change quite soon, but, at the moment, your safest bet is to fire up your PayPal to get some Bitcoin first.
The first of the 3 methods to Buy ETH with PayPal instantly, or at least in the most intuitive way, is to use Virwox exchange platform. It enables the purchase of Second Life Linden Dollars (SLL) which are used as currency in the Second Life virtual world. Once you use PayPal to complete this transaction, you can trade your SLLs for Bitcoins. All that’s left for you is to visit an established crypto exchange of your choice and exchange your Bitcoins for Ethereum. A word of warning: these transactions come with an obligatory transaction fee, making it advisable to check them in advance.
The second method is to visit the LocalBitcoins site which operates as an informal peer-to-peer exchange for the Bitcoin enthusiasts. Depending on who you get in touch with, that person may be willing to accept PayPal payment from you in exchange for their Bitcoin which you can promptly convert to Ethereum.
Finally, the most direct way to buy Ethereum with PayPal is actually a bit riskier, but no less than what you have if you decide to use LocalBitcoins. LocalEthereum peer-to-peer platform functions just like its Bitcoin-oriented counterpart and some users will be willing to sell you their Ethereum in exchange for PayPal payment. Bear in mind that the risk of frauds on these sites is significantly higher compared to formal exchanges – look for reputable traders only as the only thing standing between you and a successful scam is your wits.