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- 1. How & where to buy Ethereum (ETH) online
- 2. How to buy Ethereum instantly in 3 simple steps
- 3. Where to buy ETH easily
- 4. Best exchanges to buy Ethereum (ETH), reviewed
- 5. How to trade ETH
- 6. What is the best way to pay for Ethereum (ETH)?
- 7. How do I store Ethereum (ETH)?
- 8. Is Ethereum (ETH) a good investment?
- 9. Is now a good time to buy Ethereum?
- 10. FAQs
How & where to buy Ethereum (ETH) online
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9/1082% of retail CFD accounts lose money.
Ethereum tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Ethereum this way. Follow our quick step guide below.
How to buy Ethereum instantly in 3 simple steps
Copy link to sectionTo buy Ethereum you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.
Step 3. Buy Ethereum token
Copy link to sectionType ETH into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Ethereum tokens! It’s as simple as that.
Where to buy ETH easily
Copy link to sectionThe overall best exchange to buy Ethereum token for beginners is eToro .
Here are the top three places to buy Ethereum, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Ethereum (ETH), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Uphold. Best for building long term wealth
...
No. assets
$1
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Uphold because it’s a regulated and transparent digital asset platform. There are 160+ cryptocurrencies available to hold and trade, along with three fiat currencies; GBP, EUR, and USD.
Uphold’s key features include the ability to schedule transactions to avoid trying to time the market. With a focus on long term wealth building, Uphold also offers the ability to earn rewards of up to 25% on staked crypto, as well as 4% cashback paid in XRP for purchases made with the Uphold card.
The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.
4. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
5. Nexo. Best for earning interest & rewards
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.
You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.
The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.
How to trade ETH
Copy link to sectionYou can trade Ethereum on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how ETH crypto trading works:
- Monitor the price: Let’s say the price of ETH/USDT is $1. You read the price charts and decide that now is a good time to start purchasing ETH.
- Open a trade: You trade one USDT for one ETH ($1 for 1 ETH).
- Continue to monitor the price: The next day, one ETH token is now worth $2, a 100% increase.
- Close your trade: You trade your ETH token back to USDT for $2.
In this example, you buy and sell Ethereum, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Ethereum (ETH)?
Copy link to sectionThe simplest way to buy Ethereum cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for ETH.
- Buy Ethereum with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Ethereum with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Ethereum with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Ethereum (ETH)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Ethereum then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Ethereum wallets to use are MetaMask and the Ledger Nano S.
Is Ethereum (ETH) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Ethereum and its token to help you decide whether to invest in ETH.
- Ethereum is the second most popular cryptocurrency. Etherem was created in 2015 following the success of Bitcoin. It now ranks in second place and is one of the most traded coins available.
- Following the ‘merge’, ETH is now more energy efficient. From its inception, Ethereum was running as a proof-of-work blockchain, which required a large amount of energy to operate. Since 2022, it swapped to a proof-of-stake consensus mechanism, which is 99.9% more energy efficient.
- Ethereum is scaleable. Ethereum has a solid track record of being capable of handing high volumes of transactions and it is continuously working to improve scalability through various measures including Ethereum 2.0 and Plasma.
- A wide range of applications can run on Ethereum. Ethereum’s long-term investment prospects look promising. Along with its role at the heart of decentralised finance, the Ethereum network is also the home to a wide range of other crypto applications, such as NFT marketplaces, crypto wallets, and other Web3 apps.
- Ethereum is a dominant name in the crypto space. While there are other competitors, like Solana, that present an alternative vision for the future, Ethereum is a dominant name in the crypto space. So far it has successfully innovated to keep itself ahead of the chasing pack.
- ETH’s price moves similarly to Bitcoin. Ethereum closely follows the price movements of Bitcoin. While not exactly in tandem, Bitcoin generally leads the way. Investing in Etherum is considered a cheaper option than investing in Bitcoin, which is much more expensive.
- Some cryptocurrencies are dubbed Ethereum ‘killers’. There are a selection of cryptos known as Ethereum ‘Killers’. These rival blokcchains aim to solve some of Ethereum’s flaws and if any succsseed, they could ‘kill’ Etherem.
Use this quick summary of pros and cons to compare Ethereum with other, similar projects.
Pros
Copy link to section- Ethereum is already used to provide services such as decentralised finance, NFTs, and online payments
- The Ethereum blockchain is about to move from Proof of Work (PoW) to the much faster Proof of Stake (PoS)
- Ethereum is a well-planned project developed over a number of years unlike some other cryptocurrencies
- Ethereum’s smart contracts are a core building block of much DeFi infrastructure
- Due to its popularity and market capitalisation, you can easily buy Ethereum on a crypto exchange, a crypto ATM and other platforms.
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Ethereum (ETH) performed this year?
Copy link to sectionThe current Ethereum price today is $1216, which is 74% below its all time high of $4868, which it reached on 10 November, 2021. ETH is down 67% this year, with a 52 week high of $4149 and a 52 week low of $896.
Is now a good time to buy Ethereum?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Ethereum, selling Ethereum, and trading ETH are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Ethereum.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Ethereum and its decentralised aggregator platform, then a good time to purchase Ethereum is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Ethereum and selling it the next day probably isn’t why you’re here either.
Regardless, closely following ETH price news & analysis will help you decide when to pull the trigger:
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FAQs
Copy link to sectionMore altcoins to buy
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