PayPal is for those feeling sceptical about providing their IDs when buying Ethereum.
It has the benefit of being both fast and widespread enough to be a prominent online payment method.
Now, can you make use of its qualities to buy Ethereum (ETH) without hassle?
The answer is yes.
All you need is a funded and verified PayPal account, then choose the cryptocurrency you want to buy and purchase it.
However, buying ether on PayPal has its own bottle-necks, as it does not allow you to withdraw your crypto assets into a private wallet.
This simply means that you won’t be able to use it for anything else, but selling it back to PayPal once its price changes.
The fun of investing in any cryptocurrency is the ability to privately own digital cash, without having to rely on intermediaries to send or receive them.
At least for now, getting cryptocurrency via PayPal is a safe way to get exposure to the asset class, but it does not let you use it in ways it was made to be used.
For now, you can forget the idea of using PayPal to buy ETH directly on any of the best regular crypto exchanges.
On the contrary, this may change in the future, but at the moment, your safest bet is to use PayPal to get non-limited Ethereum via P2P platforms.
How to buy ETH without ID
To make this guide simple, we’re going to use one of the best P2P (Peer-to-Peer) marketplaces to buy Ethereum online.
Here’s how to buy Ethereum without ID using PayPal as payment method…
- Visit LocalCryptos platform
- Create and verify an account (If you don’t have one)
- Browse for trusted and reliable vendors
- Select PayPal as payment method
- Open trade with vendor and complete terms
- Receive coins into the exchange ETH wallet.
Congratulations! You have successfully purchased the cryptocurrency anonymously on a P2P exchange.
Where to buy Ethereum with PayPal
Below are the best ways to buy Ethereum with PayPal instantly via exchange platforms that give you full ownership of your coins.
1. LocalCryptos (Recommended)
LocalCryptos launched in 2015, was known as LocalEthereum, and was initially built as a P2P platform for buying ETH only.
As the platform later rebranded, Bitcoin (BTC) and Litecoin (LTC) was also added, including some other established coins.
It’s a non-custodial P2P (Peer-to-Peer) exchange, which mean you do not have to deposit your crypto directly on the platform.
Also, you are not required to verify your identity to use LocalCryptos.
Compared to Paxful, LocalCryptos has fewer payment methods, even though it continues to expand aggressively.
Sellers pay a 0.25% trading fee while buyers pay a 0.75% trading fee.
2. Binance P2P
Binance is one of the best crypto exchanges for experienced investors, who are looking for a way to buy Ethereum with PayPal without ID.
It has support for over 166+ cryptocurrencies.
Both beginners and advanced investors have a myriad of tools and pairs available to them within the platform.
To understand in detail how this platform works, read my review on Binance cryptocurrency exchange.
Binance accepts deposits in over 50+ currencies including USD, EUR, JPY, KRW, GBP, AUD, RUB, NGN and many more.
| Pros | Cons |
|---|---|
| Globally supportive | AML or KYC verification is required |
| Different kinds of payment methods | |
| Fully secured from hacking |
Final thoughts
At this point, I believe you’ve learned how you can buy Ethereum with PayPal without any verification.
It’s advisable to always use a no-log VPN (Virtual Private Network), while purchasing cryptocurrency on these platforms.
This is one of the best strategies to hide your footprints on the blockchain explorers.
The Ethereum blockchain ledgers are not completely anonymous, when it comes to finding out about transactions.
Try to also keep your coins into a private wallet, as that will help you to mitigate crypto investment risks.
Personally, I recommend Ledger wallets, because they’re among the best in safeguarding different cryptocurrencies at once.
