Ethereum is one of the most popular cryptocurrency after Bitcoin. Many of the cryptocurrency investors want to buy ETH. As PayPal is the most popular payment processor, it is natural that investors will search for ways to buy Ethereum with PayPal. Fortunately enough, with the multiple cryptocurrency buying platforms is available these days, it is easy to buy ETH with PayPal. We will today share with you the exact step-by-step procedure which will answer your question how to buy Ethereum with PayPal?
Platform used to buy Ethereum with Paypal: localEthereum.com
While there are multiple platforms which can be used in order to buy Ethereum with PayPal but this is the easiest one to use. We will today use it as an example in order to help you understand how to buy ETH with people.
Step 1: Select Paypal as payment method:
From the drop-down menu on localEthereum.com, you have to select Paypal as the payment option. This will show you the sellers which are willing to accept PayPal. If you want to pay through PayPal only in local currency, you can change the location from worldwide to a location near you.
Step 2: choosing the appropriate seller:
You need to keep in mind that when you’re using localEthereum.com, the onus is upon you to choose the right seller. You have to look at the rate which is being provided. You have to also look at the feedback of the seller in order to get an idea whether the seller is legit or not. Also, if the seller always replies quickly, there is a lightning bolt near the ID of the seller. You have to prefer such sellers. Once you have selected the right seller, you have to click the buy button.
Step 3: Quantifying the ETH which you want to buy:
Once you have selected the seller, you have to enter the amount of Ethereum which you want to buy. You can enter the local currency which you have to spend buying the Ethereum. It will automatically convert it into ETH which you will be able to get. Moreover, when you’re on this page you have to also check the terms of the trade in order to make sure that the terms are fair. These terms will also mention whether an ID is required or not.
Once you have this verified, you can click the open trade button. This will help you in chatting with the seller directly. Also, once you open a trade, PayPal address will also be provided. The Ether will be held in an escrow account to ensure that you are able to get the cryptocurrency which you paid for.
The time taken for the execution of the trade is just a few minutes. As a result, you will be able to buy Ethereum using PayPal within a few minutes.
Before making a buying decision, to make sure that you check our Ethereum news page to find out the latest.