Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

How to buy Ethereum with PayPal in the US

Find out exactly how the process works with our concise guide.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

The ways to purchase cryptocurrencies are continuously expanding and in 2021 PayPal became one of the first global payment providers to offer users the ability to buy, sell and hold digital assets. Through a partnership with Paxos Crypto Brokerage, PayPal users can now access the world’s second-largest cryptocurrency – Ether (ETH).

How to buy Ether with PayPal

For all PayPal users, cryptocurrencies can be accessed through either the PayPal website or mobile application. All available assets can be purchased for as little as $1.

How to buy Ether:

Step 1. Head to the cryptocurrency section of your account. Once logged in to your PayPal account, click through to the cryptocurrency section of your dashboard. This can usually be found on the home screen. Alternatively, access it via paypal.com/myaccount/crypto/.

Step 2. Select the cryptocurrency. PayPal currently offers access to Bitcoin, Ether, Bitcoin Cash and Litecoin. Select Ether from the list.

Step 3. Verify account. If this is your first cryptocurrency purchase you may need to verify it through your account.

Step 4. Choose the amount and payment method. Enter the amount of Ether you wish to purchase and select your method of payment. You can typically use bank accounts, debit cards or any outstanding PayPal balance to buy cryptocurrencies.

Step 5. Review and buy. Check over the details of the transaction before clicking “Buy Now” to confirm.

Once the transaction is complete you should be able to view your cryptocurrency holdings within either the website or PayPal app.

Holdings are within PayPal only

There is currently no option to transfer cryptocurrency funds from a user’s PayPal account. If you want more control over your ETH private keys and flexibility to use ETH on other platforms, another method of purchase may be more suitable. That being said, in May 2021 PayPal did announce that it would be integrating with third-party cryptocurrency wallets to allow users to transfer Bitcoin from the platform soon. It is not clear whether Ether will also be applicable for transfer.

Pros and cons of buying ETH with PayPal

Pros

  • Instantaneous transactions. Buying and selling ETH through PayPal can be completed in a few clicks.
  • Multiple payment options. Cryptocurrencies can be purchased with bank accounts, credit or debit cards and remaining PayPal balances.
  • Beginner-friendly interface. PayPal’s interface is one of the easiest to use and this translates across to the cryptocurrency platform.
  • Mobile application. The same features accessed via the website can be accessed on the go via the mobile app.
  • Portfolio updates. Cryptocurrency portfolios update with current prices allowing users to keep track of performance.

Cons

  • Private keys. As cryptocurrencies cannot be removed from the platform a user is never truly in control of their private keys and, therefore, cryptocurrency assets.
  • Fees. PayPal charges higher fees in comparison with some of the dedicated cryptocurrency exchanges.
  • Range of cryptocurrencies. There are currently only 4 cryptocurrencies listed on the platform.
  • Exchange markup. Due to the partnership with Paxos Crypto Brokerage which facilitates exchanges, the true exchange rate will never be acquired. A user will purchase slightly higher and sell slightly lower than market rates.
  • No transfers. Once purchased, ETH cannot be transferred from the platform which means it cannot be securely stored within a personal cryptocurrency wallet or used on other cryptocurrency-related platforms.

PayPal cryptocurrency fees

Transaction fees are applied to your purchase when you buy or sell ETH.
Fees are accurate as of 12 August 2021.

Buy or Sell amountFeeFee estimates
$1 – $24.99$0.50$0.50
$25 – $1002.30%$0.575 – $2.30
$100.01 – $2002%$2 – $4
$200.01 – $1,0001.80%$3.60 – $18
$1000.01+1.50%$15+

Note: Sometimes you can save on fees by buying more cryptocurrency. For instance, you’ll pay less in fees to buy $200 in crypto than you would to buy $199. Consider making one larger purchase to save on fees instead of many smaller purchases, if possible.

How to sell Ether on PayPal

As PayPal does not yet let users transfer cryptocurrency funds out of the platform, a user will need to sell ETH holdings through PayPal.

How to sell Ether:

Step 1. Head to the cryptocurrency section of your account. Once logged in to your PayPal account, click through to the cryptocurrency section of your dashboard. This can usually be found on the home screen. Alternatively, access it via paypal.com/myaccount/crypto/.

Step 2. Select the cryptocurrency. The current options on PayPal include Bitcoin, Ether, Bitcoin Cash and Litecoin. Select Ether.

Step 3. Click sell. If this is your first sale, you may need to confirm some tax information for your account.

Step 4. Choose sale amount. Enter the amount of Ether you wish to sell.

Step 5. Review and sell. Check the details of your transaction and click “Sell Now” to confirm your sale.

Compare other ways to buy and sell Ether

While convenient for PayPal users, PayPal Crypto is not always the cheapest option for purchasing large amounts of Ether. If you are thinking of purchasing large amounts of Ether, remember to compare the fees and exchange rates of alternative platforms.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

29
cryptocurrencies

Get a $10 bonus when you spend $100+ on cryptocurrencies. T&Cs apply.
Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

494
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, Wire transfer
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

95
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

7
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

190
cryptocurrencies

Buy 165+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

962
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Bitstamp Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Credit or Debit Card, SEPA, Faster Payments (FPS)
USD, EUR, GBP

45
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Binance.US Cryptocurrency Exchange
Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
USD

66
cryptocurrencies

New users earn up to USD 500 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Trade with USD on Binance.US, the American dollar onramp of the world’s largest cryptocurrency exchange. Non-US residents can read our review of Binance's main exchange here.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Debit card, SWIFT, SEPA
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
loading

Compare up to 4 providers

Bottom line

PayPal has now entered the realm of cryptocurrency purchases and it is undoubtedly a welcome addition for users of the platform. The company is leading the way for cryptocurrency adoption amongst global payment providers.

While a step in the right direction, the platform has a considerable way to catch up with dedicated cryptocurrency exchanges. Fees are high and the inability to transfer digital assets from the platform will be a turn-off for most.

To understand what to look out for when purchasing cryptocurrencies check out our cryptocurrency exchange guide.

More guides on Finder

Go to site