If you’re looking to buy Ethereum with PayPal, you’ll need to follow these three simple steps: change your cryptocurrency into Ethereum, buy an Ethereum wallet, and send the funds to your wallet. It may sound difficult at first, but using our step-by-step guide will have you purchasing your first ETH in no time. In this guide, you’ll learn how to buy Ethereum with PayPal on one of the largest exchanges out there, GDAX.
What Is Ethereum?
Ethereum is a decentralized software platform that enables smart contracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. The applications on Ethereum are run on its platform-specific cryptographic token, ether. It is listed under the code ETH and traded on cryptocurrency exchanges like other cryptocurrencies.
So now that you know what it is, how can you buy it? Luckily for you, there are many ways to buy Ethereum. You can buy with Bitcoin from Bitfinex, Bittrex, GDAX, Gemini, and ShapeShift using wire transfers. If you have Bitcoin or some other cryptocurrency, you can use Coinbase to buy Ethereum with a credit card. If you want to trade fiat currency for Ether via bank transfer then try Kraken or Bitstamp. You can also use Coinmama to buy Ethereum with cash as well as using Cash App in the US by linking your bank account and buying BTC/ETH at a market price within minutes! There are many places to buy Ethereum with PayPal, but if you’re looking for a reputable website that offers customer service, try VirWox. VirWox offers a wide variety of payment options and currencies including Bitcoin, Litecoin, Monero, Dash, Zcash, and more!
Finally, make sure you store your crypto safely by moving them into cold storage on hardware wallets like Trezor.
What Is A Blockchain Wallet?
A blockchain wallet is a digital wallet that stores your private and public keys so you can access cryptocurrency networks. Blockchain wallets allow you to send, receive and store cryptocurrency, as well as monitor the market. If you want to buy Ethereum coin or any other cryptocurrencies, it is necessary to use one of these wallets. You should make sure you have an account with one of them before buying. Once you have the account set up, head over to Coinbase and buy some eth coins! The process is straightforward and only takes a few minutes. Simply provide your name, email address, and phone number in order to sign up for an account on the site (it’s free!). They will then ask for your bank details so they can link your credit card with their system- which only takes a minute. After you are all set up, purchase some eth coins by clicking on buy/sell under Bitcoin on the top menu bar. Enter the amount of money you want to spend and then hit buy. Voila! You now own some crypto coins. Now what? Well, there are two options: 1) Deposit them into a crypto wallet, where you can keep track of how much each currency is worth and store them securely, OR 2) Trade them through another exchange like Binance or Bittrex. The first option is good if you just bought some eth coin but plan on keeping it long term; the second option may be better if you’re looking to trade your coins within 24 hours or less.
Different Ways to Acquire ETH (Ethereum)
There are a number of ways to buy ETH with cash, but one of the easiest ways is to use an exchange. Here are some steps on how to do it: 1. Create an account on Coinbase, GDAX, or Kraken. 2. Link your bank account with the account you want to use for buying and selling cryptocurrency (e.g., Coinbase). 3. Once you have verified your bank account, connect it with the trading account. 4. Once you have connected both accounts, transfer money from your checking/savings account into your crypto-trading checking/savings account. 5. Once this is done, buy ETH by exchanging USD, EUR, or GBP in order to buy ETH coins at current market rates. 6. You can then store the coins in any wallet of choices such as Jaxx Wallet or Coinomi Wallet which also supports Ethereum. For more information about wallets, check out our guide on wallets here. 7. If you want to use your debit card, check out eToro which accepts Visa and MasterCard debit cards. 8. Other sites that sell ETH include Bitfinex and Gemini. 9. One of the most popular exchanges for Bitcoin is Shapeshift which allows users to change other cryptocurrencies like BTC, LTC, DASH, ZEC, etc., into ETH tokens instantly without registering an account with them first! 10. Remember that if you are using PayPal to purchase Ethereum through Virwox you will need two forms of identification which must include government-issued photo IDs like driver’s licenses or passports in addition to a picture ID and credit card!
Step by step how to buy cryptocurrency using PayPal
1. Create a Coinbase account
2. Add your bank account or credit card to purchase bitcoin, ether, and litecoin
3. Select the type of currency you want to buy ____ If you want to buy Bitcoin/Ether, select either BTC or ETH from the dropdown menu on the top left corner of your screen ____ If you want to buy Litecoin, select LTC in the same dropdown menu.
4. Enter the amount of cryptocurrency you want to buy (or click buy max if you want to spend all the money currently in your account)
5. Enter the email address associated with your PayPal account
6. Verify your identity using one of these two methods: Type a phone number into an external search engine, then enter it in Coinbase, OR take a picture of yourself holding up an ID with text showing through (driver’s license for example)
7. Click Next
8. Read the terms and conditions (read this carefully), then click Agree
9. Enter your phone number
10. Answer three security questions
11. Review transaction information
12. Confirm payment
13. The final page will say Transaction Pending
14. Once the transaction is confirmed by Coinbase, PayPal should reflect that change within 24 hours. You can also see if your change has been made by logging back into Coinbase
Continuation (four+ sentences using the words: change cryptocurrency): Your bitcoins and Ethereum are stored safely on the site until you’re ready to withdraw them
