🔥 Buy Ethereum with PayPal in 2021: this is how it works!
If you decide to invest money in ether, that is the cryptocurrency of the Ethereum platform, then you can also work with PayPal here. If the provider makes PayPal available, it may be an attractive option. Especially because PayPal is a very well-known and up-and-coming company, which is above all the alternative par excellence when there are high transaction or exchange fees that can be avoided as there is no bank operating in the background. In addition, PayPal scores with the immediate transfer. While two to four working days pass with the SEPA transfer, the money is immediately available in the account if you use PayPal and can be invested.
eToro accepts PayPal
As mentioned above, Ethereum may be a platform - the cryptocurrency is called Ether. However, Ethereum is often referred to as a cryptocurrency. But Ether is not alone in that. There are many cryptocurrencies that are incorrectly listed with the project or platform name. It is the same with Cardano the case. The platform is called Cardano, but the cryptocurrency is ADA.
In the following, the Cryptocurrency Ether spoken, which can be bought through PayPal. Whereby it has to be clarified at the beginning whether you want to invest in ether or just speculate with the development of the price. If you look at the long-term forecasts or also with the price history of this crypto currency, one will probably tend more towards long-term investments. Due to the fact that for investing there is access to the crypto market via a crypto exchange is required or, when speculating, access is via the online broker, you must personally clarify in advance which strategy you want to pursue.
Whereby this does not correspond 100 percent to the correctness Because who is for the provider eToro decides who can use the services of an online broker and also the services of a crypto exchange. eToro offers investing in crypto currencies, but also provides speculation with the price.
eToro also offers so-called social trading. This means that you participate in the successes of successful traders - or, if the traders are wrong, you incur losses. It is important that you only invest freely available capital in order not to get into financial difficulties. Copying decisions like strategies may be of help especially to beginnerswho are still unsure. It should be noted that it is advisable to deal with the matter before investing. Blindly placing trust in a strange trader may not be safe.
The fact is: eToro is one of the best-known and most popular providers in German-speaking countries. Due to the fact that the broker eToro is regulated (CySEC, Cyprus Securities and Commission Exchange, that is Cyprus’s financial supervisory authority), offers a wide range and pursues a very fair and transparent fee model, accepts some deposit methods and so does one Coins of cryptocurrencies can buy or speculate on the price of digital currencies, it may well be advisable to take a closer look at the provider eToro. And if you find that eToro fulfills the self-imposed requirements, then nothing speaks against opening an account. In fact, there are no objective points that really speak against eToro.
Step 1: Register with eToro
So if you have come to the conclusion that with the Online broker eToro to want to work, an account is to be opened. It should be noted at this point that the registration process can be carried out without any problems. Right at the beginning it is given to understand Wanting to appeal to beginners - You will not be faced with any obstacles here.
On the eToro website, you can find the "Register" button in the top right corner. Click and you will be redirected to the registration platform. Now you have to enter your first and last name, an email address and a password. It should be noted that the password should consist of uppercase and lowercase letters, special characters and numbers - this increases security.
The entire registration process takes a few moments. After completing the registration it is possible to make the first deposit.
The verification process is not required for the time being. This will only start after the first payment has been requested. This also explains why the entire registration process only takes a few minutes.
You can also log in via Facebook and / or Google, provided you have an account with one of the providers. In this case, the stored data will then be transferred.
Step 2: deposit
eToro does score many payment methods. Because while there are some providers in the online broker industry who in the end only accept bank transfer or payment by credit card, you can choose from a very wide range at eToro.
The following deposit methods are accepted by eToro (alphabetical order):
- Bank Transfer
- Klarna / Sofortuberweisung
- Credit card
PayPal might be worth mentioning here. Because there are not many providers who accept PayPal. So if you want to buy Ether with PayPal, you have to take a look at the accepted payment methods in advance. To be fair, it must be noted that the decision as to which provider should ultimately be used must not depend solely on whether PayPal is accepted or not. The deposit methods may be important, but they shouldn't become the main argument.
Step 3: Buy and Sell Ether
After the deposit has been made, you can Buy coins of the cryptocurrency Ether or speculate with the price movement. Either Ether or the abbreviation ETH must then be entered in the search field. In further consequence you get Charts such as statistics and information displayed.
If you choose Ether, you can then specify the amount to be invested. eToro calculates how lots of coins then you get for it. But you can also specify the number of coins and eToro calculates how high the amount to be invested should then be. If the purchase is confirmed by the user the coins are transferred to the internal wallet. However, there is the option of transferring the digital coins to an external wallet. Since there are many different types of wallets, it may be advisable to deal with the various advantages and disadvantages here.
You can also go over with the price eToro speculate. Then click on X2. Then either a long position (the price rises) or a short position (the price falls) is opened.
However, due to the fact that it is a very volatile market, caution is advised. Especially if you are speculating with the price, i.e. if you opt for CFD trading, only freely available capital should be invested.
What is PayPal?
PayPal is a well-known and very popular online payment service. PayPal's services are only available online - that is, on the Internet. Anyone who has already shopped on the Internet will certainly have seen the option of paying with PayPal in one or the other shop. The big advantage? There is no waiting time. The amount is immediately credited to the recipient's account.
This is particularly advantageous if you want to invest quickly. Because anyone who deals with the crypto market knows that the price can always go up and down quickly. Was the price of the Cryptocurrency Ether Still below 2020 US dollars at the end of 800, it was 12 US dollars on May 2021, 4.300.
In addition to the fact that the instant transfer takes place here, PayPal offers buyer protection. That is also the reason why PayPal is also used in the private sector.
Our conclusion: Is it worth buying Ether with PayPal?
We at Bitcoin News.one find that it is highly recommended to buy Ether with PayPal. However, it should be noted that the provider must accept PayPal as a payment method. If this is not the case, you cannot make a deposit via PayPal.