Cryptocurrency has gained momentum from the last few months of 2020. The digital currency is enjoying a bull run fueled by institutional investors and big market players entering the market. Now people are looking towards the currency as another option of investment. Many celebrities and businessmen have been supporting cryptocurrency recently.
Bitcoin has touched a new all-time high of around $58000 on Sunday. On Friday bitcoin’s market capitalization has reached $1 trillion for the first time in history. And Ether has crossed its psychological level of $2000 over the weekend.
All these facts prove the point that many people have started entering this world and this also proves the potential of being the future of the financial world.
But the main problem that is stopping cryptocurrency from being a mainstream investment is the technological hindrances.
And its limited use in the normal world. But these problems are also solving slowly and we can hope that in the coming time cryptocurrency will become the new form of currency.
In October 2020, PayPal has announced that they are launching the service of buying selling and holding cryptocurrencies. And in November it launches the services which allow all the account holders of PayPal of the U.S to buy sell and hold the cryptocurrencies.
The company has said that they have done this to increase the adoption and understanding of cryptocurrency among the users and they plan the services to expand worldwide by the first half of the year 2021.
PayPal also provides educational content to help the customers to know the risk associated with the currency and its usage, etc.
Not only that the company also allows the customers to use their cryptocurrency holdings to pay at PayPal’s 26 million merchants around the globe. It is very easy to buy ethereum with PayPal.
This article will guide you on how to buy Ethereum with PayPal. It has become very easy to buy sell and hold any kind of cryptocurrencies including Ether through PayPal after it had allowed the users to do that but before that people have to use eToro to buy cryptocurrencies using PayPal.
First of all, you have to have a PayPal account. For that, you need to choose either bank account or credit card details as payment method. Then select a cryptocurrency from the dashboard and click on the buy button, PayPal even offers as little as $1.0 worth of Ether and you have to confirm your identity and agree to the terms and conditions of the app. Then they will ask you how do you want to pay. The current Ether rate will be displayed on the screen. Then you are done. The transactional charges are similar to any other exchanges and that is below $25 purchases cost you 50 cents. For purchases above $1000, the charge is 1.5%. The problem is you can’t transfer ethereum to your digital wallet. The coin will remain in your PayPal account.
You can buy Bitcoins, Ether, Litecoin, and bitcoin cash using PayPal.
Users can buy cryptocurrencies using their PayPal Cash or cash plus account.