In this article, we will focus on how to buy Ethereum, ETH, with PayPal on Bitvalve.
Bitvalve is one of few P2P crypto exchanges allowing for buying Ethereum with your PayPal credit.
Many P2P crypto exchanges are only offering Bitcoin transactions, including Paxful and LocalBitcoins. If you are interested in buying Bitcoin with a peer to peer exchange, you can read our article about how to buy Bitcoin with Paypal.
However, if you are interested in buying Ethereum with PayPal you can use Bitvalve. With Bitvalve you can also buy other cryptocurrencies, like Ripple, Litecoin or Bitcoin Cash.
Ethereum is the second largest cryptocurrency by market cap and the largest crypto currency for decentralized applications.
What is Bitvalve?
Bitvalve is a P2P crypto exchange. A crypto P2P exchange is a marketplace where crypto buyers and sellers meet for anywhere in the world and agree on a payment method.
Such payment methods are usually a bit different from traditional (Bank wire and credit card). The payment methods include PayPal, Apple Pay, Gift cards, and other e wallets.
Bitvalve is offering the service for a low fee which can be lowered even more using their token, BTV. Read more about the BTV token below.
Who is eligble to sign up and trade on Bitvalve?
Bitvalve allow traders from all over the world and has no geo restrictions.
Bitvalve conduct KYC after a $2.000 volume.
How to buy Ethereum with PayPal on Bitvalve?
This is a step-by.step guide on how to buy Ethereum (ETH) with Bitvalve. The guide can be applied on any available cryptocurrency at Bitvalve but we use Ethereum in this example.
- Sign up with Bitvalve
- Login to Bitvalve
- Choose coin, Ethereum ETH
When you sign up with Bitvalve you will get 50 BTV tokens for free
4.Choose payment method, PayPal. As you can see in the screenshot, there is a search feature in the upper right corner.
5.Choose currency to pay with, USD. Here is also a search feature in the upper right corner.
Available markets on Bitvalve
Once you have done the step by step guide you will see all available markets based on your predetermined criteria in the steps.
As you can see in the screenshot Bitvalve is very transparent about how much the given exchange rate differs from the market price. The exchange rate is always above the market price in P2P exchanges because the volume is limited for that specific trades.
The more uncommon payment method you use, the more limited will the market be and the more will the P2P exchange rate differ from the market rate.
What cryptocurrencies can I buy with Bitvalve?
Bitvalve is offering most available cryptocurrencies among the most P2P crypto exchanges.
Bitvalve offers multi crypto such as ETH, XRP, LTC, BCH and BTC.
Their goal is that to include every major ERC20 crypto too in the near future, and every month they will include another crypto, like Stellar XLM.
What is the Bitvalve BTV token?
Once you are logged into Bitvalve you can see “Invest in ICO” in the left menu.
Bitvavle is currently running an ICO and people can buy the BTV tokens.
This helps the project to get more funds in order to accomplish its targets.
At the moment, you use the BTV token to reduce your trading fees. There will be a market launched during the summer 2021.
More Options to buy Ethereum with Bitvalve
Bitvalve is a great option if you are looking for a peer-to-peer exchange where you can buy Ethereum with PayPal.
Peer-to-peer exchanges are superior if you live in a country where your government wants to ban crypto. For instance, Turkey, India, Nigeria and many more.
However, if you live in EU a peer-to-peer exchange is only superior if you are about to use a very rare payment method like a gift card or similar.
Otherwise, a traditional crypto exchange is much better in terms of fees and trading volume.
The big problem with traditional and centralized crypto exchanges are that they don´t accept PayPal as a deposit method.
There is one exception.
Bitflyer will let you buy Ethereum and Bitcoin via PayPal. Read more about Bitflyer and how to buy Bitcoin and other crypto with Paypal.