Buy Ethereum With PayPal in Canada

The information in this detailed post will help you figure out the best ways to buy Ethereum with PayPal in Canada. We have reviewed the industry-leading exchanges, brokers, and apps to help you identify what works best for you.

The platforms in this post have been shortlisted based on essential parameters like security level, reputation among users, user experience, fee structures, and much more. To save you time, the top two providers for buying Ethereum with PayPal in Canada are Paxful and LocalCoinSwap.

Top Ethereum Brokers That Accept PayPal in Canada

	Name	Score	Visit	Support	Launched	Security	Mobile	Disclaimer
	1eToro	8.7	Visitetoro.com	Live Chat	2007	2FA, Biometrics	iOS, Android	Don’t invest unless you’re prepared to lose all the money you invest.
	2Pepperstone	9.0	Visitpepperstone.com	Email, Live Chat, Phone, WhatsApp	2010	2FA, Biometrics, PIN	Web App, iOS, Android	Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
	3Coinbase	8.4	Visitcoinbase.com	Email	2012	2FA, PIN, Biometrics	Android, iOS, Web App

Paxful - The Overall Best Platform to Buy Ethereum With PayPal in Canada

Established in 2015 by a team of developers, the goal of this platform was to make it easy to acquire Ethereum. With more than 350 payment methods (including PayPal), 10 million users, and a load of top-notch features, Paxful is leading the way and can be considered the overall best platform to buy Ethereum with PayPal in Canada.

Best Ways to Buy Ethereum With PayPal in Canada

Only P2P (peer-to-peer) platforms in Canada are currently accepting PayPal as the deposit method. We couldn’t trace the exchanges or brokers offering the option to buy Ethereum using PayPal in Canada. Furthermore, you cannot buy Ethereum directly from the PayPal app as this feature is limited to the US and US territories only.

Best Brokers to Buy Ethereum With PayPal in Canada

Currently, brokers in Canada are not accepting PayPal as the deposit method to buy cryptocurrencies in Canada. But there are some other ways to try if you want to buy cryptocurrency with PayPal in Canada.

Best CFD Brokers to Buy Ethereum With PayPal in Canada

An alternative way to invest in Ethereum is with CFDs (Contract For Differences) issued by brokers. These are derivative products, so you won’t own the underlying asset while still investing in the coin. This also means you cannot withdraw, transfer, or spend your crypto.

However, the CFD brokers in Canada like easyMarkets and FP Markets do not accept PayPal as the deposit method for buying Ethereum or any other cryptocurrency.

Best Ethereum Exchanges to Buy Ethereum with PayPal in Canada

Ethereum exchanges are platforms that can be used to buy and sell Ethereum using FIAT currencies or altcoins. The platform acts as an intermediary to manage the process of buying and selling cryptocurrencies like Bitcoin and Ethereum.

However, the cryptocurrency exchanges in Canada like Coinberry, VirgoCX, Coinsquare, and others don’t accept PayPal as the deposit method to buy Ethereum or any other cryptocurrency.

How to Buy Ethereum With PayPal on an Exchange in Canada

Ethereum is the second largest cryptocurrency in terms of market capitalization; hence you will readily find it on almost any crypto exchange in Canada. To buy Ethereum with PayPal on these exchanges, you will need to register for a new account and complete the KYC verification process to start depositing funds.

Note that not all Ethereum exchanges accept PayPal as a deposit method, so you will need to confirm the accepted payment methods before creating an account. Once the account is created, you will need to navigate to the deposit page and select PayPal as the payment method.

How to Find Ethereum on an Exchange: To find Ethereum on an exchange, you need to navigate to the trade section of the platform. Since Ethereum is the most popular cryptocurrency, it might automatically appear, or you will need to search it using a search bar.

Altcoins

Some altcoins cannot be purchased directly using fiat currency in your account, but you can buy them with Ethereum. Simply buy Ethereum by following the steps outlined in the process above and search for the altcoin you wish to acquire. Next, click on the buy button and choose the amount of Ethereum you would like to trade for the altcoin.

Likewise, you can buy Ethereum with other cryptocurrencies that you are holding without the need for PayPal. To complete this process use the search bar to find Ethereum on the trading platform. Note that the available cryptocurrencies for trading with Ethereum will differ between exchanges.

Coinbase - Low Minimums Are Perfect for Beginners

Coinbase allows customers to get started with as little as $2 to start trading. This is perfect for beginners interested in figuring out if cryptocurrency trading is the right game for them without making a significant investment. Also, the platform provides over 200 cryptocurrencies to choose from, which is more than most.

The platform has a simple user interface and makes the process of exchange between cryptocurrencies convenient. Therefore, new users will not have a long learning curve on their first day. However, Coinbase has relatively higher fees than most, ranging from 0% to 0.6%, depending upon the pricing tier.

Can I Use Decentralised Exchanges With PayPal?

First appearing in 2014, decentralized exchanges opened the gates for users to trade cryptocurrencies in a peer-to-peer and non-custodial model without the involvement of any third party. There is no need to complete the registration process to use a decentralized exchange - not even an email address is required to interact with them.

All you have to do is connect your decentralized wallet like MetaMask and access a world of opportunities like broadcasting transactions, sending tokens, receiving tokens, and more. Anonymity is one of the core benefits of decentralized exchanges.

Hence, now you can understand why it is not possible to use PayPal directly with a decentralized exchange. You need to store some tokens in your decentralized wallet before you can start using a decentralized exchange. This means you can indirectly use PayPal to buy the crypto and then use the same to fund your wallet before using the decentralized exchanges.

Best Ethereum P2P Platforms to Buy Ethereum With PayPal in Canada

The P2P platforms connect users directly to buy and sell cryptocurrencies such as Ethereum. In the table below, you can see the top 2 Ethereum P2P platforms:

The P2P platforms above were chosen because they have the best reputation in the industry. Also, a wide number of payment methods and coins available on these platforms means you can buy cryptocurrencies other than Ethereum as well. If you would like to buy some other cryptocurrencies apart from Ethereum, take a look at the guides below:

• How to buy Bitcoin in Canada

• How to buy Ripple in Canada

• How to buy Cardano in Canada

LocalCoinSwap - Has the Highest Trading Volume

LocalCoinSwap is a renowned multi-chain P2P trading platform and has been in business since 2017. One of the key highlights of this platform is that you don’t need to complete the KYC verification; hence, you can stay anonymous if using this exchange to buy Ethereum or any other cryptocurrency.

Buying and selling crypto on this platform is free, but if you’re creating an offer for buying or selling, then a 1% fee for the completed trade shall be charged. Other benefits include 24/7 customer service, escrow security, and more.

Buy Ethereum on LocalCoinSwap With PayPal: Step-By-Step Guide

Step 1: Sign up for a LocalCoinSwap account

Click on the blue “Register” button in the top right-hand corner of the homepage. Enter the requested details like email address, password, and country of residence, and click on the Register button.

Once done, you will land on the dashboard and find the two alerts on the top bar requesting the verification of your email address and updating your username.

Step 2: Search for an offer

Search for an offer by adjusting the filters for the cryptocurrency you want to buy, payment method, etc.

Step 3: Inspect offer and confirm

When inspecting an offer, you need to look at the Ethereum price and make sure that PayPal is an accepted payment method. Also, pay attention to the trading history of the seller, verification status, etc. Click on the Buy button once you find a suitable offer.

Step 4: Transaction details

Enter the amount of Ethereum you want to buy in CAD and press the Buy Ethereum button.

Step 5: Confirmation & wallet selection

Confirmation to start the trade will appear. Select the wallet to which you want to receive Ethereum. It can be either LocalCoinSwap non-custodial wallet or MetaMask (requires browser extension).

Step 6: Complete the transaction

You will be navigated to the Trade page where you can chat with the seller to discuss the essential details regarding the payment. Once the escrow is funded (you will see the message for the same on the UI), transfer the fiat to the seller and the seller will confirm the receipt. Ethereum will be released to your wallet from the escrow and the trade will be completed.

Best Apps to Buy Ethereum With PayPal in Canada

Mobile apps allow users to buy and sell cryptocurrency from the convenience of their smartphone. Most apps provide the same functionality as you get on the website using a desktop browser. The only best app for buying and selling Ethereum with PayPal is Paxful.

Paxful sits on top of the shelf because of a large number of payment methods, diverse users, and top-notch features, including a free Paxful wallet.

Paxful - Top Choice for User-Friendliness

Paxful mobile app has been designed and developed to build an intuitive experience with a short learning curve for beginners. You can expect the same functionalities in the mobile app that are found on the web browser version. You can also wrap an additional security layer by activating the two-factor authentication. However, Paxful could improve as far as the number of cryptocurrencies available to trade on the platform.

Buy Ethereum on Paxful App With PayPal in Canada: Step-By-Step Guide

Now, we will share the steps you need to follow to buy Ethereum on the Paxful App with PayPal. This section is handy for beginners who are trying to figure out how to get started.

Step 1: Download the Paxful app and register an account

Download the Paxful mobile app by visiting Google Play or the App Store, depending on your smartphone’s operating system. Install the app and start the registration process by following the on-screen instructions. You will need to provide your email address, enter a strong password, and click on the Create account button.

Note: You will need to enter a 6-digit verification code sent to your email address for user authentication. You will also need to provide your phone number and verify it by providing the 6-digit SMS code sent to your phone.

Step 2: Find an offer

Click on the Marketplace icon at the bottom of the application and set your filters to narrow down the list of offers. For example, you can set the filters where the cryptocurrency you want to buy is Ethereum, the accepted payment method is PayPal, the country is Canada, and the currency is CAD.

Step 3: Buy Ethereum

Find an offer that suits your requirements, click on the same, and enter the amount you will pay in CAD to buy Ethereum. It is essential to check a few parameters before proceeding ahead with the individual selling the Ethereum. This involves checking the verification status, reputation status, trading history, etc. Press Buy Now and proceed ahead.

After clicking on the Buy Now button, the amount of Ethereum you are expected to receive shall be transferred into the escrow. This is done for the security of the transaction.

Step 4: Discuss payment details

Discuss the essential details with the seller using the trade chat and follow their instructions carefully regarding the payment.

Step 5: Send the funds

Make the payment and click on the Paid button. After the successful payment, Ethereum will be released from the escrow and transferred to your Paxful wallet.

Buy Ethereum Directly on the PayPal App in Canada

Customers in countries like the United States can buy Ethereum directly from the PayPal app without the need for exchanges or brokers. However, this privilege is not available to the residents of Canada.

Can You Buy Ethereum With PayPal Credit in Canada?

You cannot use PayPal credit to buy Ethereum in Canada.

Fees For Buying Ethereum on PayPal

Although you cannot buy cryptocurrency directly from PayPal app in Canada, it’s important to be aware of the PayPal fees.

Where Can You Use PayPal to Buy Ethereum?

Check to see if the country where you live is accepted for buying cryptocurrencies directly on the app.

What Crypto Can You Buy With PayPal?

Learn about the various coins available for purchase directly within the PayPal app to see if your desired ones are on the list.

Exchange or a Broker: What Are the Differences When Buying Bitcoin With PayPal in Canada?

Exchanges and brokers are excellent methods of buying Ethereum with PayPal in Canada, but there are important differences. We will explore them in the following section to help you determine if the method matches your requirements.

Buying Ethereum With PayPal Using Exchange in Canada

Exchanges are centralized platforms where you can use funding methods like PayPal to purchase Ethereum.

Buying Ethereum With PayPal Using a CFD Broker in Canada

Ethereum CFD brokers allow investors to profit from betting on if the price of Ethereum will increase or decrease over a specified time period. This transaction type does not provide ownership of the asset - it’s purely a speculative transaction.

Is Buying Ethereum With PayPal Anonymous?

In most cases, buying Ethereum with PayPal is not anonymous, as you will learn in the following section.

Can You Buy Ethereum With PayPal Without Verification or KYC in Canada?

The majority of methods for buying Ethereum with PayPal require verification of your identity. This includes buying from the PayPal app, brokers, and exchanges. However, some exceptions like LocalCoinSwap exist that allow you to buy Ethereum with PayPal without KYC verification in Canada.

Can You Buy Ethereum With PayPal Without Registration in Canada?

You will need to register an account with the platforms where you want to buy Ethereum. For example, platforms like LocalBitcoins have a lengthy registration process and a photo ID verification step before you can buy Ethereum.

Reason to Buy Ethereum With PayPal

When choosing a payment processor to buy Ethereum, you need to consider the top reasons to figure out the best methods. PayPal is a good choice because it is widely available, there is no deposit fee, and the transaction is processed instantly.

Alternative Payment Options to Buy Ethereum With CAD

You might not have access to a PayPal account or dislike the services, so choosing an alternative will be your next step. In this section, we offer a range of alternatives to provide options for everyone.

Buy Ethereum With Debit Card, Credit Card, or Amex in Canada

Buying Ethereum with a debit or credit card also provides instant transaction processing, and they are widely available on most platforms. You can use your debit card to deposit funds on Coinbase and navigate to the spot trading tab to purchase the cryptocurrency of your choice. You can also use Bit2Me to buy cryptocurrencies using a debit card in Canada.

Buy Ethereum With Bank Transfer in Canada

Many providers allow customers to deposit fiat currency like CAD using online banking, which is a fast and reliable method of transferring funds. NDAX is an example of a crypto trading platform in Canada that supports bank transfers to buy crypto.

Buy Ethereum With PaySafeCard in Canada

PaySafeCard is a good option to buy Ethereum if you do not have a bank account and want anonymity. No personal information is attached to PaySafeCard purchases, so you can buy Ethereum without revealing your identity. For example, PaySafeCard is a popular prepaid card that is offered at crypto trading platforms like Paxful.

Buy Ethereum With PayPal on Digital Wallets in Canada

Digital wallet services like Neteller, Skrill, and Venmo are convenient and fast methods of depositing money to crypto trading platforms. We couldn’t find cryptocurrency exchanges in Canada accepting digital wallets for making fiat deposits; however, you can use P2P platforms like Paxful that allow you to use your digital wallet like Apply Pay to make the payments.

What to Consider When Buying Ethereum With PayPal in Canada

Before buying Ethereum with PayPal, you need to be aware of a few considerations. These ensure you understand the process and what to expect:

• Must Support PayPal: Make sure to choose a provider that supports PayPal as a method of adding funds.

• Fees: Most providers do not charge a fee for adding money with PayPal. However, a fee might be charged for withdrawals to PayPal. Compare these extra fees to get the best deal.

• Taxes: You may have to pay taxes when buying and selling Ethereum, depending on your location, so research the local laws. In Canada, file your cryptocurrency activity at the end of the tax year by reporting your capital gains and losses via the Schedule 3 form and crypto income via Income Tax Return T1.

• Safety: Consider where you will keep the Ethereum after the purchase. Decide if you want to hold it on the platform or transfer it to your wallet for safekeeping.

• Amount: Ethereum is relatively volatile compared to fiat currency. Therefore decide on the amount of Ethereum that you are comfortable with buying.

How to Sell Ethereum Using PayPal in Canada

In this section, we have shared the details of how to sell Ethereum using PayPal in Canada. The simple process allows users to take money off the platform once they are done trading. In this example, we have used Paxful, but you can expect a similar process with other platforms.

Step 1: Navigate to the sell Ethereum page

Once you have logged into your Paxful account, click on the Sell arrow from the top of the dashboard and select Ethereum as your preferred cryptocurrency from the dropdown.

Step 2: Set the filters

Set the filters for the cryptocurrency you want to sell, the method in which you want to get paid (e.g. PayPal), offer location, etc. Once done, then click on the Find Offers button at the bottom.

Step 3: Find the offer

After setting the filter, you can browse through the list of filters. It is recommended to sell to buyers having a good reputation and rating. After finding a suitable offer, click on the Sell button located within the offer.

Step 4: Sell Ethereum

Fill in the amount you want to trade in the fiat currency field or cryptocurrency field. For example, you can enter 100 CAD to receive- this will invite 1% escrow fees, and you will need to have $110.26 (approx.) CAD worth of Ethereum in your Paxful wallet. Click on the Sell Now once done.

Step 5: Discuss payment details

Discuss the essential details with the buyer using the trade chat and follow their instructions carefully regarding the payment.

Step 6: Send the Ethereum

Once the buyer has made the payment, click on the Release Ethereum button to transfer the crypto from your wallet to the buyer’s wallet.

Do All Platforms Accept PayPal to Buy Ethereum in Canada?

We couldn’t find any exchanges accepting PayPal as the deposit method to buy Ethereum in Canada. However, you can use P2P platforms like Paxful. Check the complete list below.

Should I Buy Ethereum With PayPal in Canada?

Some peer-to-peer platforms accept PayPal as the deposit method for buying Ethereum and other cryptocurrencies, but it is not a popular option in Canada. It is recommended to opt for other methods that are cheap, for example, bank transfer.

Can I Buy Any Other Cryptocurrencies With PayPal in Canada?

It depends upon the number of cryptocurrencies available on a platform. For example, Paxful allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Tether with PayPal. Whereas LocalBitcoins allow buying and selling Bitcoin only.

FAQs