Summary: Unfortunately, Tezos is not available to buy directly via PayPal. However, there is an alternative way to buy Tezos with PayPal that includes a third-party cryptocurrency exchange service such as eToro.
Credit Cards and PayPal are not available for deposits for users under the FCA regulation.
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Can you buy Tezos with PayPal?
Tezos (XTZ) is a cryptocurrency known for its unique system of self-amendment and upgradability. Tezos can initiate upgrades through an in-protocol amendment process without requiring a hard fork. Also, Tezos possesses the quality of so-called “liquid proof of stake,” which essentially means that stakers can delegate their tokens without freezing.
Despite its many utilities, Tezos didn’t make it into PayPal’s inner circle of tokens directly available for purchase. This circle currently contains Ethereum (ETH), Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and PayPal USD (PYUSD) only.
In other words, you can’t buy Tezos with PayPal via its app or webpage. Don’t worry, this is not as bad as it sounds. How come?
Well, buying crypto directly via PayPal isn’t the best way to obtain any token. The main reason for this is due to PayPal’s abnormally high crypto transaction fees that can go up to 1.8%, and that’s not all, as there are additional spread fees to be accounted for. That’s significantly more costly than most cryptocurrency exchanges. In contrast, eToro’s fees are clean 1% on all crypto transactions, which is nearly half the expenses of using PayPal directly.
The best way to buy Tezos with PayPal is to include the middleman services of a third-party cryptocurrency exchange or brokerage like eToro. The only additional step you have to take is to connect PayPal’s deposit to your eToro account, and voila! You’re ready to get your share of Tezos.
How to buy Tezos with PayPal?
To sum it up, even if you were able to buy Tezos with PayPal directly, that still wouldn’t be your preferred move. It is much more profitable to do it via an investing platform such as eToro.
Nearly 30 million crypto traders hanging around together on a single platform surely lends credence to any third-party brokerage. With eToro, you can trade approximately 60 different types of cryptocurrency, which is 15 times more than what PayPal only can get you. For novice traders and grandmaster veterans of crypto alike, the platform provides many trading features such as copy trading and hodling.
Even when you’re not sure what to do next to earn more with crypto, you can perform copy trading to imitate the approach of some of the most reputable names in the industry.
But how do you buy Tezos with PayPal using a cryptocurrency exchange service like eToro? First, you will need to link together PayPal with your newly-made eToro account for the brokerage to gain access to the necessary funds. Once you’ve made sure that your PayPal has enough funds for the desired transaction, you’re good to go.
Supported Credit/Debit cards: Visa, MasterCard, Visa Electron and Maestro.
How to buy Tezos with PayPal: Step-by-Step
Follow these four steps to buy Tezos with PayPal within minutes:
- Step 1: Create an eToro account and verify your account (personal or company);
- Step 2: Specify the amount of money to deposit in your eToro account;
- Step 3: Connect your PayPal to transfer the necessary funds;
- Step 4: Select Tezos from the list of crypto coins and enter the desired amount.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Tezos price today
About PayPal
PayPal (NASDAQ: PYPL) is an immensely popular online payment platform designed with simplicity and versatility in mind. A significant part of all cash transfers on the Internet is done through PayPal, with businesses and individuals from all parts of the world relying on it for e-commerce. The fact that you can buy crypto with PayPal shows just how omnipresent this platform is. To transfer money using PayPal, users need only access to a bank account, credit card, debit card, or prepaid card.
Furthermore, PayPal has been an advocate of innovation in the global financial systems, even embracing certain digital assets and blockchain technologies. So, is PayPal’s stance towards cryptocurrencies friendly?
PayPal crypto policy
PayPal is undoubtedly a crypto-friendly platform. The only proof you need is the fact that they partake in exchanging fiat currency for crypto coins. There isn’t a single clause in their official policy that prohibits, hinders, or in any other way discourages buying Tezos and other cryptocurrencies using the funds from its app. Feel free to use PayPal together with legitime and trusted cryptocurrency exchanges.
Note
How to buy Tezos with PayPal safely
Slowly but steadily, cryptocurrency has entered our lives and influenced the way we think about finances. Having monetary units that circulate outside of the control (and potential misuse) of the centralized financial institutions is a step towards a more free and equal society.
Additionally, cryptocurrency tends to evolve away from energy-intensive block mining, which should decrease the contribution to environmental issues. Humanity as a whole is getting more informed about cryptocurrency. It all points toward a bright crypto future.
With a huge influx of traders, conditions are rapidly evolving at all times. There will always be malevolent users to abuse those conditions to scam and fraud their way to riches.
Tips on how to buy Tezos with PayPal safely
You can, however, take steps to maintain your security when engaging in crypto trade:
- Learn your crypto before you invest: Make sure to research your cryptocurrency before you start trading. Knowledge gained after a mistake will do little to fix it.
- Stick to legitimate exchange services: Look for clues about the legitimacy of the service that you opt for. Study user reviews, probe for weaknesses in their policies, and check for any red flags. In case you smell something fishy, walk away.
- Use safe computers and phones only: Public and shared networks and devices shouldn’t be used for trading crypto. You never know when another user will open a channel that hackers will use to sniff around. Use secure devices only, and think hard about getting a VPN if you don’t use one already.
- Invent safe and sturdy passwords: Although this tip seems a bit redundant, there’s always someone who loses access to their property due to weak login credentials. Use strong passwords and two-factor authentication (2FA). Use a crypto wallet, which is a fine addition to your security measures. Whether it is a cold or a hot wallet, it will make your deposit a significantly harder nut to crack.
- Closely observe your investments: The wind of change is always blowing on the crypto market, so watch that it doesn’t blow your riches away. Crypto trading is a business that requires your attention – if you’re looking to earn, you better be looking at your investments as often as you can.
- Never invest what you can’t lose: Investing in crypto doesn’t guarantee a profit, or even your money back. Invest just what you can lose, and avoid these mistakes.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Tezos with PayPal:
How to buy Tezos with PayPal?
You can buy Tezos with PayPal by depositing its funds to a licensed third-party cryptocurrency platform.
Can you buy Tezos with PayPal?
You can buy Tezos with PayPal, although not directly from its platform. Use a licensed third-party crypto broker.
How to buy Tezos on eToro?
You can buy Tezos on eToro simply by connecting your PayPal account.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
