If you would like to buy Ethereum (or Litecoin, Bitcoin or ETH Classic too) and you want to pay for it using your PayPal account, just read this short guide. I will explain how to do it.
When Ethereum was launched on the market, it became one of those novelties that do not go unnoticed and that make people want to know more. Its success is so much that it now competes with Bitcoin and many users are wondering how to buy Ethereum with PayPal.Yes, to this day Ether is recognized as one of the most reliable cryptocurrencies and with the most potential, for something the Securities and Exchange Commission (SEC) of the United States recognizes Ethereum as a valid payment currency.
In the next few lines, we will explain how to invest your money safely in Ethereum. We will also let you know a little more about this cryptocurrency that is one of the most promising in the present and in the future.
If you wish, you can also buy Dogecoin through your PayPal account.
How to buy Ethereum with PayPal?
One of the most used payment options in the purchase of Ethereum is PayPal. It is a fast track with low commissions and easy to calculate. However, it does not allow direct transactions with the platform.To buy Ethereum with PayPal you must look for an exchange house or a broker such as eToro that accepts this form of payment. Then you must complete the registration offering your personal information and some identification documents in the event that the transactions you are going to carry out exceed 2000 $.
Registration on this platform is free. However, your first deposit must be above $ 200. Once you finish this step, you can start investing your money in any of the cryptocurrencies offered by eToro, among them, of course, Ether.
To finalize the purchase, you just have to choose PayPal as the payment method and indicate the amount you want to purchase. The process will take just a few minutes.
Buy Ethereum through Reserve
Another way to buy Ethereum with PayPal is through the Reserve mobile phone application. This option will be particularly useful for certain countries such as Argentina, Panama, Colombia and Venezuela. It will also be necessary to create an account in Uphold, using both you can make the transaction.Reserve is a very secure digital wallet. With this, you can receive transfers in dollars via PayPal. In addition, Uphold is a digital currency exchange platform that has various cryptocurrencies.
Once you create your accounts and they are verified, you can start investing your money in Ether by following these steps:
1.- Log in to Reserve.
2.- Click on the “Load” option and select “PayPal” as the payment method.
3.- Make the transfer of funds to the account shown below by writing the amount you want to invest.
4.- Send the identification number of the transaction so that your deposit can be verified.
5.- Once the funds are in your Reserve wallet, send them to your Uphold account. The operation has no cost and will be ready in just seconds.
6.- Check the amount transferred and make the purchase of Ether.
How to buy ETHEREUM with a CREDIT CARD?
Buying ETH with a credit card is very easy. Ethereum is available on Coinbase, the world's most widespread cryptocurrency exchange. Remember that Coinbase gives you $ 10 if you register through the following link and make the first purchase of more than $ 100.Another international option to buy ETH with a credit card is BitINKA. Currently, you can use BitINKA in Argentina, Bolivia, Brazil, Chile, China, Colombia, Spain, Italy, Panama, Peru and Portugal. The minimum amount for buying and selling Bitcoins is 0.005 Bitcoins.
Another widely used alternative is Coinmama.
Coinmama is an international exchange, widely used around the world. Among its advantages, it stands out that it is not necessary to verify your account if you make purchases under $ 150 a day. So you can buy Ethereum today.
Coinmama does not have its own wallet. To use it you will need to create one, which will be where your cryptocurrencies are transferred to.
How to buy ETHEREUM by BANK TRANSFER?
Buying ETH by bank transfer is very common when it comes to cryptocurrencies. Many of the current platforms allow the deposit using this payment method. In addition, the exchanges hardly apply commissions to the transfers, which in many cases are free. The downside is that you will normally have to wait 1 or 2 days for the transfer to be verified and the deposit verified.Some of the platforms on which it is possible to acquire Ethereum by bank transfer are:
- Cryptoder, a very widespread and very safe Spanish broker to acquire Ethereum by bank transfer. Apply 0 deposit fees through this payment method. However, it is an investment platform. You will not be able to transfer your ETH to a wallet.
- Coinbase, one of the most used exchanges on a normal level. Allows payment by bank transfer with a commission of 1%.
- BitINKA, is a very widespread Peruvian exchange to buy Ethereum in Latin America. In BitINKA, it is possible to acquire Ethereum directly by bank transfer. Deposit fees at BitINKA are also free.
- Coinmama, another widely used international exchange. You can buy up to $ 150 of ETH daily without registration.
Why should you invest in Ethereum?
Ethereum is thought to be the cryptocurrency that could eventually replace Bitcoin and could stay on top for a long time. Some indicate that the rise in Ether may be due to the platform itself.Unlike the Bitcoin platform, the Ether system facilitates smart contracts in which it is impossible for a transaction to result in fraud and has a virtually unalterable protection model.
Ethereum works from a network of global computers, called nodes, whose function is to store data. Every piece of data stored on the network has to be verified by most computers, which number in the thousands, so altering it is not a possible operation.
Buying Ethereum with PayPal is a safe way to invest your money in the present and in the not too distant future.
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