Assets, Ethereum

Can You Buy and Sell Ethereum on PayPal?

Yes, you can buy and sell Ethereum on PayPal. PayPal has been allowing cryptocurrency purchases since March 2020. You can use PayPal to buy Ethereum from exchanges like Coinbase, or you can sell Ethereum to PayPal and receive fiat currency in your PayPal account.

There are a few things to keep in mind when using PayPal to buy or sell Ethereum, such as fees and limits. Overall, buying and selling Ethereum on PayPal is a relatively simple process.

It is important to note that, although PayPal does allow for the purchase and sale of Ethereum cryptocurrency, PayPal does not offer any form of storage or security for your coins. As such, it is strongly recommended that you transfer any purchased Ethereum from PayPal to a secure wallet as soon as possible. Furthermore, there are additional fees associated with purchasing and selling Ethereum through PayPal, so it is important to factor these into your decision when deciding whether or not to use PayPal as a platform for cryptocurrency transactions.

PayPal first announced that it would begin allowing cryptocurrency purchases in early 2020. The service was initially only available to US users and supported only Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

In October 2020, PayPal expanded its cryptocurrency service to include 32 countries, with more planned for the future. The current list of supported countries includes: Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway.

Previous ArticleNext Article