How to Buy Ethereum (ETH) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Ethereum and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Ethereum.
  2. Register a new account.
  3. Fund your account.
  4. Buy Ethereum.
ETH
$3644.8683978891

These steps are simple if you know where to buy Ethereum cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Ethereum (ETH) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Ethereum Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

150

Only

150

of these exchanges sell Ethereum.

We then filter down the entire set of possible marketplaces to only the ones that have active ETH markets.

41

Only

41

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
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Debit Card
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Wire Transfer
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Paypal
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Apple Pay
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Google Pay
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SEPA
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EFTCAD
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Interac
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SGD Transfers
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3D Secure Card UK
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Easy Bank Transfer UK
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Faster Payments UK
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Instant Card Cashouts UK
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PayPal UK
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Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Ethereum cryptocurrency.

You can buy Ethereum on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Ethereum (ETH)

After registering and funding your account at , you should be able to buy Ethereum after your deposit finishes processing. After you receive your ETH, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Ethereum Exchanges

Ethereum is also available on these exchanges:


Frequently Asked Questions

Yes, Ethereum is safe to buy. It is listed for trade on some of our top-rated exchanges including Binance, Zengo, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Ethereum instantly at Binance, Zengo, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) ETH. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Ethereum, you will need to deposit funds into your exchange account - which usually has no fees - and then buy ETH, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Ethereum at Binance, Zengo, Coinbase.

Ethereum Investment & Buying Guide

Diving into the world of Ethereum, you’re uncovering more than just another cryptocurrency; you’re stepping into a revolutionary platform. Ethereum transcends the basic functions of a digital currency, offering a robust ecosystem for decentralized applications (dApps) and smart contracts that’s reshaping the digital landscape.

As you peel back the layers, you’ll find Ethereum’s native token, Ether (ETH), is a powerhouse in the crypto market. With its unique capabilities and a strong community of developers and enthusiasts, Ethereum stands out as a dynamic force driving blockchain innovation forward.

Your journey into Ethereum’s intricacies will reveal why it’s not just another coin in the crypto sea but a vital tool for building a decentralized future. Let’s delve into what makes Ethereum a game-changer in the realm of blockchain and cryptocurrency.

What is Ethereum Cryptocurrency?

Ethereum cryptocurrency, often simply called Ethereum, is a leading platform in the blockchain space, providing more than digital currency transactions. Ether (ETH) is the native digital currency that powers the Ethereum network, an open-source blockchain touted for its flexibility and innovation. Ethereum serves a dual purpose; it’s both a digital currency and a powerful blockchain platform that allows for the development of decentralized applications (dApps) and smart contracts.

How Does Ethereum Compare to Other Cryptocurrencies?

Ethereum sets itself apart with its comprehensive smart contract functionality. While Bitcoin was created primarily as a digital alternative to currency, Ethereum was designed as a platform to facilitate immutable, programmatic contracts, and applications via its own currency. This fundamental difference has paved the way for a wealth of applications that extend far beyond simple transactions.

Ethereum’s ability to host dApps has positioned it as the backbone of the decentralized finance (DeFi) movement. By using smart contracts, DeFi applications replicate traditional financial services—such as loans or insurance—without the need for intermediaries like banks or brokers. This not only increases efficiency but also opens access to financial services globally.

The Ethereum network’s transition to Ethereum 2.0, with its shift from proof-of-work (PoW) to proof-of-stake (PoS), highlights the platform’s commitment to innovation and sustainability. With PoS, Ethereum aims to reduce its carbon footprint and increase scalability, a significant advancement over many other cryptocurrencies that still use the more energy-intensive PoW approach. The table below outlines key distinctions between Ethereum and other major cryptocurrencies.

Feature Ethereum Other Major Cryptocurrencies
Smart Contracts Native support Limited or no support
Consensus Mechanism Transitioning to Proof-of-Stake Primarily Proof-of-Work
DeFi Ecosystem Extensive and growing Less developed
Transaction Speed Faster due to upcoming upgrades Varies, generally slower
Energy Consumption Reducing with PoS Often high with PoW

A robust community of developers enhances Ethereum’s potential. These developers constantly innovate on the platform, contributing to its versatility and long-term viability. With upgrades on the horizon, Ethereum promises to shape the blockchain ecosystem further and carve new pathways for decentralized technology.

Ethereum History & Growth

Ethereum was launched in July 2015, spearheaded by co-founder Vitalik Buterin. It was created to expand on Bitcoin’s capabilities by introducing programmable transactions and decentralized applications.

Since its inception, Ethereum has seen remarkable growth in both adoption and value. The introduction of smart contracts set the stage for decentralized applications (dApps) to be built on its platform, becoming a primary driver of innovation in the blockchain sector.

In 2017, Ethereum experienced what’s known as the ICO (Initial Coin Offering) boom. This period saw a massive influx of funding for blockchain projects hosted on the Ethereum platform, pushing Ethereum into the spotlight.

Ethereum 2.0, also called Serenity, represents the next phase in Ethereum’s evolution. The upgrade is aimed at enhancing the network’s scalability, security, and sustainability, proposing a shift from the current PoW consensus mechanism to a PoS system.

The community around Ethereum continues to grow, with a large number of developers contributing to its ecosystem daily. This has led to continuous improvements and the creation of numerous ERC (Ethereum Request for Comment) standards that govern token implementations and other innovations.

Buying Ethereum with Different Payment Methods

Buying Ethereum with a Credit Card

When you buy Ethereum with a credit card, you’re often afforded quick transaction times but beware of the higher fees lenders may charge for cryptocurrency purchases. Most major exchanges accept credit cards, making this an accessible option for immediate investments.

Buying Ethereum with a Debit Card

Using a debit card to purchase Ethereum bypasses the credit risk while still offering the convenience of card-based transactions. Keep in mind, though, that not all exchanges support debit card purchases and those that do may have additional verification requirements.

Buying Ethereum with Apple Pay

For iOS users, Apple Pay provides a seamless way to buy Ethereum directly from your phone with enhanced security measures. Availability is exchange-dependent, and utilization of Apple’s payment system tends to offer lower fees compared to traditional card payments.

Buying Ethereum with Paypal

Paypal offers a familiar and user-friendly platform for buying Ethereum—and while it’s an approachable method, it’s worth noting the availability is limited, and fees can vary significantly. Additional benefits include Paypal’s Buyer Protection and instant transfers to and from your Paypal balance.

Buying Ethereum with a Bank Transfer

A bank transfer is often the go-to for larger Ethereum transactions due to its lower fees and higher limits. It’s important to plan for the longer processing time that accompanies bank transfers compared to instant card payments.

Keeping Your Ethereum Safe

Investing in cryptocurrencies like Ethereum means you need to prioritize the security of your digital assets. Understanding the different types of wallets and how they protect your Ethereum can make a significant difference in safeguarding your investment.

Software Wallets

Software wallets provide convenient access to your funds through a computer or smartphone application. Commonly used for day-to-day transactions, these wallets encrypt your private keys on your device, offering a blend of security and accessibility. However, they’re often more vulnerable to online threats like hacking and phishing. It’s crucial to use software wallets from reputable providers and to enable additional security features such as two-factor authentication (2FA).

Hardware Wallets

Hardware wallets are considered the gold standard for securing your Ethereum due to their offline storage capabilities. Unlike their software counterparts, hardware wallets store your private keys on a physical device that’s disconnected from the internet, vastly reducing the risk of online threats. While they may come with a higher price tag, they’re a worthwhile investment, especially if you’re holding a significant amount of Ethereum. Leading brands like Ledger and Trezor are often recommended for their robust security features and ease of use.

Selling & Withdrawing Ethereum

When it’s time to sell your Ethereum, crypto exchanges and over-the-counter (OTC) desks are your prime venues. Exchanges allow you to trade against other market participants, while OTC desks offer more personalized services for large transactions.

You’ll find that fees vary widely between services, so it’s crucial to shop around. Common fees include transaction fees, withdrawal fees, and sometimes, exchange rate margins.

Before you can withdraw fiat currency, identity verification processes must be completed. This step is key to comply with anti-money laundering (AML) and know your customer (KYC) regulations.

Withdrawal times depend on the method you choose. Bank transfers can take a few business days, whereas options like PayPal may offer faster access to your funds.

To move Ethereum out of an exchange, you’ll require an external wallet address. Remember, the security principles for wallets apply here as well: software wallets offer convenience while hardware wallets provide enhanced security.

Limits on sales and withdrawals can affect your transactions. Always check the exchange or OTC desk’s policy to avoid surprises.

Linking your bank account to the crypto platform can streamline the withdrawal process. It’s typically a one-time setup that then permits quick and easy withdrawals in the future.

Remember to record all transactions for tax purposes. Cryptocurrency sales are subject to capital gains tax, and accurate records are essential for reporting.

Is Ethereum a Good Investment?

Ethereum, the second-largest cryptocurrency by market capitalization, has garnered substantial interest from both retail and institutional investors. Its versatility and smart contract capability position it at the heart of the burgeoning decentralized finance (DeFi) sector. With Ethereum’s transition to a Proof of Stake (PoS) consensus mechanism, energy efficiency improves dramatically compared to the Proof of Work (PoW) system used by Bitcoin.

Vital developers and businesses are building on Ethereum, propelling its potential utility far beyond mere currency. The Ethereum blockchain is a foundation for numerous emerging technologies, including non-fungible tokens (NFTs) and decentralized applications (dApps). The Ethereum 2.0 upgrade promises to resolve current scalability issues, which could significantly enhance performance and reduce transaction fees.

Historical data reveals that Ethereum has experienced substantial growth since its inception.

Year Ethereum Price (Year Start) Ethereum Price (Year End) Percentage Growth
2017 $8.17 $723.25 8753%
2018 $755.76 $133.37 -82.3%
2019 $140.82 $129.19 -8.2%
2020 $130.80 $735.34 462%

Note: Prices and percentages are illustrative and subject to market fluctuations.

However, Ethereum’s price volatility introduces risk and requires a discerning investment strategy. Diversification is key in managing risk in the volatile crypto market.

It’s crucial to remain up to date with Ethereum and broader market trends as regulatory, technological, or market dynamics can impact your investment. Always consider your risk tolerance and investment goals before deciding to invest in Ethereum or any cryptocurrency.

Ethereum Price Predictions

When discussing Ethereum’s price, it’s crucial to consider the volatility inherent in the crypto market. Historically, Ethereum has shown substantial price swings, which are expected to continue. Analysts leverage various methodologies to forecast Ethereum’s price trend, taking into account factors like market sentiment, technological advancements, and broader economic trends. It’s important to remember these predictions are speculative and should be one of many tools you use in your investment strategy.

Looking ahead, some experts anticipate that the launch of Ethereum 2.0 could significantly impact its value. This optimism stems from the expected improvements in scalability, sustainability, and security. Short-term predictions for Ethereum’s price by the end of 2023 range widely, with some analysts forecasting a rise, while others expect a consolidation phase following the significant updates.

The table below illustrates recent predictions from various analysts:

Source Short-Term Prediction (End of 2023) Long-Term Prediction (2025-2030)
Analyst A $3,500 – $4,000 Up to $10,000
Analyst B Consolidation around $2,500 Up to $7,500
Analyst C $4,200 – $5,000 Potentially surpassing $20,000

Remember, it’s essential to continuously monitor the market for the latest trends and shifts that could impact these predictions. Diversification of assets remains a key tactic in mitigating risk in your investment portfolio.

Additional Info

Armed with the knowledge of Ethereum’s intricacies, you’re now better equipped to navigate the dynamic world of cryptocurrency. Remember, whether you’re selling, withdrawing, or investing in Ethereum, it’s crucial to prioritize security and stay compliant with tax obligations. As you consider Ethereum’s potential for your portfolio, keep its smart contract capabilities and the upcoming Ethereum 2.0 upgrade in mind. While predictions offer a glimpse into Ethereum’s possible future, your strategy should be adaptable to the market’s inherent volatility. Stay informed, diversify your investments, and you’ll be positioned to make more astute decisions in the ever-evolving crypto landscape.

Ethereum (ETH)
Price
$3644.8683978891
24h Change
7.3
7d Change
2.5