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How To Buy Ethereum

Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. After Bitcoin, it is the second-largest cryptocurrency by market capitalization. Ethereum is the most actively used blockchain.

Affiliate Disclosure: We earn a small commission from referrals to Coinbase for this article if you sign up using one of our links. We provide unbiased and honest opinion in this review of Coinbase.

Financial Disclosure: We are not financial advisors, all capital you invest is at your own risk.

Are you looking to buy Ethereum to hold or to trade? Read our simple five minute guide on how to buy Ethereum.

Step 1. Sign Up For To An Exchange

There are a range of cryptocurrency exchanges where you can buy Ethereum (ETH) online, we recommend using Binance or Coinbase if you are starting out as they are easier to use.

Step 2. Deposit Funds

You will need to deposit funds with your local currency such as USD or GBP to buy your Ethereum. Some exchanges allow you to use a credit or debit card, or you can use a direct bank transfer/SEPA payment.

Step 3. Find Ethereum on Exchange

Depending on your platform you will need to search for Ethereum (ETH) in the search bar, once you have found it you can click to buy at the market price. Both exchanges will tell you the current rate and amount you will get for your purchase.

Step 4. Move to External Wallet or HODL?

For extra security you can move your Ethereum to a clod wallet that is not controlled by an exchange in case of hacks or if the exchange shuts down. Both Binance and Coinbase are quite secure platforms so leaving your Ethereum in the exchange should be fine, however this is at your own discretion.


Author Cryptomancer

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