Last Updated on January 4, 2021 by cryptocreed
Ethereum is currently in the second spot, according to coinmarketcap. With a market cap of 3542693 Bitcoin. Most people know only two cryptocurrencies and they are Bitcoin and Ethereum.
I already published many articles on Ethereum like Eth Faucet, mining guide, smart contract, and a few more.
Want to buy an Ethereum? Here you will find a simple guide on how to buy A Ethereum, most definitely this guide is only for beginners so let’s begin.
What Is Ethereum?
You should know at least the basics of Ethereum. Ethereum is a cryptocurrency like Bitcoin. It was proposed by Vitalik Buleterin in 2013 but went live in 2015. It has a block time of 15 to 20 seconds.
The ATH was in Jan 2018 that is $1448.18.
The ATL was in Oct 2015 that is $0.432979.
If someone has purchased 1000 ETH at $0.4329 in 2015 and sold for $1448.18 will get a total of $1,44,8180.00. This is what cryptocurrency is.
But currently, it is trading near $576.
Why To Buy Ethereum?
There are already more than thousands of coins trading and Ethereum is one of them. So why to buy Ethereum only? There are many reasons and there can be many reasons.
First of all, it is one of the trusted coins and holding the second spot for the last many years. Second, it is backed by smart and knowledgeable persons.
Why not to buy Ethereum? If you are a small trader then it is not for you. because the price of Ethereum is not changing frequently.
Should I buy an Ethereum? If you ask me then I will say yes but buying cryptocurrency for trading purposes or for holding contains high risk. Only use to hold when you have enough knowledge.
How To Buy A Ethereum In 2020?
Step 1: Have Ethereum Wallet
Before buying Ethereum you need to have a secure wallet. If you don’t have your own ETH wallet then I suggest checking out the list of erc20 supported wallets.
I always recommend using hardware wallets. Ledger Wallet is one of the best hardware wallets you can use to store your cryptocurrency including Ethereum.
Step 2: Choose The Exchange
This is another most important step. Choosing a trusted exchange is required. There are already more than 300 active exchanges, some of them are legit, some are scams, and some are dead.
While selecting the exchange you need to know the following things.
Withdrawal and Deposit Fee: The first thing you need to know is how much does an exchange charges for withdrawing & depositing. Some do charge some BTC and some don’t even take any fee.
Trading Fee: Most exchanges do charge somewhere between 0.1% to 0.2% on each trade. There are some exchanges that don’t even charge a trading fee.
Trading Volume: You need to check if there are buyers and sellers on exchanges or not. You can check the last 24 hours volume to know if trades are happening or not.
I already listed the best and trusted Cryptocurrency Exchanges here.
Method To Buy Ethereum Online
There are many methods and websites to buy ETH and here I am going to mention the best of them.
Buy Ethereum With Paypal
Do you want to know How To Buy Ethereum With Paypal? We know that crypto payments are irreversible but Paypal payments are hence most of the exchanges don’t support Paypal.
What if you send someone BTC and he sends you Paypal money but after a few days he reverses the payment & gets sent PayPal money back? You will be not able to do anything. Yes, you can contact support but it wouldn’t work at all.
Related: Buy And Sell Bitcoin Using PayPal
Where to buy Ethereum with Paypal? Buying ETH through Paypal is possible from platforms like xCoins, xCoins is available in more than 40 countries with more than 300K users. Not only Paypal, but it also allows you to deposit through Card and Check.
LocalCryptos is a P2P cryptocurrency exchange, where you can buy and sell ETH using Paypal and many other different payment methods. It is similar to LocalBitcoins.
But recently in mid-2020 Paypal started allowing its users to purchase four cryptocurrencies within Paypal. Users can buy ETH, BTC, BCH, and LTC on Paypal which will be started soon.
Buy Ethereum With Debit and Credit Card
Nowadays all major exchanges support Credit Card and Debit Card. If you have a Credit Card then you can go to Binance as they are trusted and fast.
Where to buy Ethereum with a debit card or credit? As most of the exchanges do support cards, hence you can use any exchange to purchase crypto.
How to buy Ethereum using a credit card?
- Go to the exchange site.
- Select ETH as purchase.
- Choose payment method as Cards.
- Enter the amount in ETH or equals to USD or any local currency.
- Click confirm to continue your purchase.
Buy Ethereum Instantly
Buying Ethereum is possible but does buy it instantly is possible? BitPanda and Changelly allow you to purchase Ethereum instantly. The fees on both sites are very affordable.
How To Buy Ethereum Stock?
First of all, Ethereum is not a stock. And hence you can’t purchase any ETH stock but yes now it is possible to purchase cryptocurrency Stock in various companies through FTX exchange.
Register on their website and visit their stock page. I highly suggest using the stock exchange only when you have enough knowledge about it.
How To Buy Ethereum 2.0?
Ethereum 2.0 is not any new token. You can’t buy the ETH 2.0. 2.0 Is a new proposal proposed by the Ethereum team to upgrade Ether.
Buy Ether On Coinbase
Coinbase is California, the USA based Bitcoin & Altcoin exchange. They are trusted but the fees on them are quite high. It is available in more than 110 countries and accepts almost all local payment methods.
You can buy using USD, GBP, AUD, or EURO. Coinbase is considered the safest way to buy Ethereum in 2020.
How to buy Ethereum on Coinbase?
- Click here to open an account
- Complete KYC, it will take not more than 24 hours
- Add your payment methods
- Select ETH and enter the amount you want to purchase
- Click on the Buy Ethereum button.
How To Invest In Ethereum?
Ethereum is one of the best coins and the price of it is rising steadily. If you are thinking to invest for the long term then you can invest but if you are planning for instant ROI then I suggest doing some research before investing.
Investing in any cryptocurrency includes risk hence invest on your own risk.
How To Buy Ethereum In India?
In India, there are few cryptocurrency exchanges available like CoinDCX and BitBNS. You can buy ETH using INR from this website. most of this site accepts payment methods like UPI, PayTM, Bank deposit, and credit & debit cards too.
How To Sell Ethereum?
Most probably you have purchased or want to purchase ETH and want to make sure how to sell it, right? All cryptocurrency exchanges which support are open to selling ETH for example you can sell it on Binance, Coinbase, Kucoin, OKEx, or any other exchange sites.
You can sell Ethereum for PayPal too on LocalBitcoins.
Frequently Asked Question
When to buy Ethereum?
Anytime is a good time. It depends on the purpose of buying. No one knows what will be the price of ETH tomorrow or after a few minutes. How to buy ethereum cryptocurrency.
Where to buy an Ethereum at a cheap rate?
If you want to save the trading fee and other fees then go with Binance, because it offers discounts on trade and withdrawal on using BNB token as a means. how to buy Ethereum without fees.
What price to buy Ethereum?
If you are a trader then you have to keep checking the price every time and buy according to it. You can buy it now and sell it after the price goes up or HODL it.
Is it possible to buy ETH for under 18 people?
Technically it is not possible because all exchanges ask for KYC and payment methods like banks and cards are needed KYC for sure.
But yes you can use family members’ credit or debit card to purchase it, but do it under proper guidance only.
How to buy Ethereum tokens?
ETH tokens are coin in itself. So it depends on each coin where they are trading.
How to buy Ethereum anonymously?
P2P exchanges allow it’s users to do trade anonymously.