by Hodler Ash 
How to buy Ethereum with PayPal?
Buying Ethereum with PayPal is a convenient option if you are facing problems with bank transfers in your country or if you want to avoid hefty bank fees. Unfortunately, the problem was the limitations in exchanges that allowed PayPal as an option to buy digital currencies.
In November 2020, PayPal announced the introduction of crypto buying and selling features on their website. PayPal has 346 million active users worldwide who will get direct access to Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Users can buy and also hold these cryptocurrencies on its platform.
It is becoming a platform that is going to make cryptocurrencies a mainstream payment method. It is a space for 26 million merchants from all around the world. So you get the advantage to use your cryptocurrencies to buy products or services from the application. Keeping in mind the convenience of the merchants, your cryptocurrency is converted to their fiat currencies at the point of sale.
Can I buy Ethereum with PayPal?
PayPal has made it very easy to buy Ethereum.
1. The first step would be to sign up for a PayPal account. You can either choose a credit card or bank account as a payment method and enter your email address.
2. The app and the website have a very similar interface, so the process would be pretty much the same. The website’s home screen or the Payments screen on the app is where you will find the option “Buy Bitcoin and more” at the top.
3. You will have the list of the cryptocurrencies available from which you need to choose Ethereum.
4. PayPal offers you a preset amount of Ethereum you can buy. But you can also select a specific amount by tapping on “Buy.” What makes it reachable by common people is that you can buy Ethereum worth as little as $1.00. They make it easy for new users by providing a brief description of the asset you are buying.
5. To continue the process, you need to confirm your details. Then they will ask you to agree to the Terms and Conditions of PayPal’s cryptocurrencies. They provide you the disclaimers that warn you about the volatility of cryptocurrency and how the transactions are irreversible.
6. They ask you for the amount you are willing to pay. Depending on the time you are purchasing, it will show you the price of Ethereum. The exchange rate refreshes very frequently. Hence, it is better to buy or sell quickly. To move on to the next process, hit ‘Next’.
You will be asked to pay using a bank account or debit card that is linked with the account, you can also add a new payment option. On clicking “Next” you can review your purchase. It is the last step when you click on “Buy Now.”
Once you are done with the process, your PayPal Account gets updated. The amount of Ethereum you bought is reflected under your profile and also, its current value.
How much is the commission for buying Ethereum with PayPal?
The transaction fees or commission of PayPal is similar to typical exchanges. Everything purchased below $25 costs you 50 cents. If you want to buy anything over $1,000, the commission will be 1.5% of the transaction.
The one problem which you might face is that you cannot transfer the Ethereum you buy to your personal digital wallet. The coins stay on the PayPal platform. This needs to be changed in the future because according to the crypto advocates, it goes against the idea that you have complete control over your cryptocurrency.
