How to Buy Ethereum with PayPal?
Buying Ethereum with PayPal is an attractive option for the buyers facing banking restrictions in their countries of residence. At the same time, this is a viable alternative to banks whose transaction or conversion fees are considered too high for one’s taste or pocket. Yet, using PayPal to buy Ethereum in a formal way is not exactly a straightforward procedure, as the process can take many twists and turns.
So, if you are wondering how to buy Ethereum with PayPal in the least painful way, the answer lies in using your PayPal account to buy bitcoins first, as this cryptocurrency allows for slightly more flexible transactions at the moment.
Virwox is one of the easiest routes in this case. It is an exchange platform which allows for the purchase of Second Life Linden Dollars (SLL) used for its virtual world Second Life. This can be done via PayPal, followed by trading SLL for bitcoin. After this, head over to any respectable crypto exchange such as BitPanda or Cex.io and exchange your bitcoins for Ethereum. Bear in mind that all of these transactions come with a price tag in form of an obligatory fee which may or may not be acceptable for you, so you better check these in advance.
Another option is to visit LocalBitcoins as an informal exchange platform on which you can find and get in touch with people who sell bitcoins in various areas. Depending on their preferences, they may accept PayPal payment from you.
Speaking of informal exchanges, they represent a viable option if you want to learn how to buy Ethereum using PayPal directly. LocalEthereum does the same thing for Ethereum as LocalBitcoins for its tokens. It basically operates as a website which connects you with people who want to sell Ethereum in your local area or worldwide. Depending on how thorough you are in your search, sooner or later you will find someone willing to accept PayPal payments. If you want to buy ETH with PayPal in this manner, you should pay attention to any aspect of a transaction in advance, as you alone will bear the risk of dealing with scammers. Some of them may claim that they never received your payment. Make sure you check their terms of trade and try to learn as much about them as possible before clicking on a payment button.