How to Buy Ethereum with PayPal Using Localethereum

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As you may know, you can buy Ethereum (ETH) with debit and
credit cards. However, it’s less known that you can buy
Ethereum with PayPal as well.

PayPal enables anyone to send money with only an email
address. The process is instant and secure – much of what we
expect out of blockchain transactions. Plus, PayPal links to
your bank account for easy access to funds, and you can even
open a credit line with the service.

PayPal also enables users to avoid lengthy know-your-
customer (KYC) processes common with exchanges. The
platform charges lower transaction fees, and it’s also just a
convenient service. In an industry as complicated as
cryptocurrencies, convenience is something to applaud.

One website, Localethereum.com , enables that experience as it
supports PayPal payments when purchasing Ethereum. As a
peer-to-peer platform, Localethereum holds privacy in the
highest regard. The website offers a browser-based wallet in
which users can store and trade Ethereum with their local fiat.

All trades are locked into an escrow smart contract to prevent
theft. The platform accepts PayPal as a viable payment option
– all without requiring you to provide sensitive information to
the site.

In this post, we’re going to break down the steps for buying
Ethereum on Localethereum with PayPal.

Localethereum Account Creation

First off, you must create an account to trade with. This can be
done via the Localethereum platform or through logging in with
a previously established wallet like MetaMask or Coinbase
Wallet .

According to the website, creating an account is the ideal
approach, because third-party wallets don’t integrate as well
as the built-in one.

BUYING ETHEREUM WITH PAYPAL

There are two ways to purchase Ethereum on the platform: you
can either browse the different offers that accept PayPal as an
option, or you can create an offer to buy the asset.
Should none of the existing offers appeal to you, creating your
own is the best bet. Creating an offer also means that the
seller will pay a 0.75 percent fee, while you only pay 0.25
percent. To make one, you’ll head to the ‘Offers’ page.

CREATING AN OFFER

Here, you’ll select the ‘Buy ether for money’ box. You’ll have
to insert your city, preferred payment method (PayPal), and
your accepted local currency. The page will then have you
choose percentage margins and your preferred exchange
market price, such as Kraken or Bitfinex. Once done, you can
select your maximum and minimum limits in your preferred fiat
currency.

Upon hitting confirm, your offer will be live. You can choose to
edit or cancel it at any time from within the website. When
someone decides to match that offer, you’ll be placed into a
chat section which we’ll get into later on.

FULFILLING AN OFFER
Sometimes creating an offer takes a little while. Maybe you
need Ethereum right away. This is where fulfilling an offer
comes into play.
Head to the main page and select an offer that seems fair to
you. There are sorting options such as payment method and
location. Once selected, you can offer a price based on the
seller’s limits. Some require a minimum purchase of say $40,
while another may stick to $10.
After picking one, you’ll go into a chat with the seller. You can
discuss the process with them directly, though you’ll have to
wait until they deposit the Ether in escrow before moving
forward.

When the seller places the Ether in escrow, they’ll send a
PayPal e-mail in the chat. You have two hours to log into your
PayPal account and send the funds over — otherwise the seller
can cancel the order. Once you’ve sent the funds, you’ll go to
the payment within PayPal and select “confirm receipt.” Go
back to Localethereum, select “mark as paid,” and the
transaction will be sent to the Ethereum blockchain for
confirmation .

After confirmation, the Ethereum will be in whichever wallet is
connected to your account. Leave the seller a rating and enjoy
your newly acquired digital assets.

Source : https://unhashed.com