Depending on where you live, Coinbase has the following available payment methods:. Kraken is one of the largest US-based cryptocurrency exchanges with headquarters in San Francisco, California. The exchange was founded in by crypto enthusiast Jesse Powell and launched in , following two years of active development. The exchange initially launched as a brokerage and trading platform but over the years has morphed to offer more products, including a cryptocurrency staking pool and automated trading software.
The latter is called Cryptowatch and is used to automate trades on up to 25 other crypto exchanges through APIs. Spot trading is the immediate settlement of trades at the prevailing market prices. On the other hand, margin trading is the use of leverage to amplify trading positions, thereby amplifying potential profits or losses.
Futures trading is the deferred settlement of trades through agreements or contracts between buyers and sellers of assets. Finally, OTC trades are direct trades between buyers and sellers. Usually, OTC trades are large order sizes with the potential to affect prices if they are posted to the exchange order book.
There are two main ways to fund your Kraken account — crypto or fiat currencies. Below are the funding options associated with each fiat currency:. Kraken offers low and competitive fees across its products. Trading fees range between 0. Makers create liquidity by posting trades to the order book, while takers take away liquidity by fulfilling the orders within the order book.
Fees for stablecoin and FX pair trades range between 0. Futures fees also vary between 0. Staking coins is free on Kraken. It was initially launched as LocalEthereum to support P2P trades of ETH but rebranded in in the interest of increasing support for more assets.
It is the largest P2P platform for Ethereum. Another thing to note about LocalCryptos is that it uses smart contracts to facilitate safe trades. The smart contracts, which run on the Ethereum network, are programmed to escrow the assets during a transaction and are only released once both parties confirm that funds have been successfully sent and received. LocalCryptos has perhaps the widest selection of payment methods of any crypto exchange platform. Over 40 payment methods are available.
Whatever payment method is popular in your country, the chances are that you can comfortably trade on LocalCryptos as long as you get another trader willing and able to deal in your preferred payment method. To circumvent one of the most significant faults in cryptocurrency exchanges — theft of funds — LocalCryptos introduced the concept of a non-custodial wallet solution. Instead, they are only required to deposit the coins at the time of the trade.
And in the unfortunate event that the deal falters, these coins are refunded to the owner. This dispenses with deposit and withdrawal fees. The only fees applicable on the platform are maker and taker fees. A maker is someone who posts a trade, while a taker responds to the posted trade.
With over million active accounts on the platform, PayPal is the largest online payment processor in the world. In October , it launched a new service allowing its US customers to buy, sell and hold four cryptocurrencies, namely Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The company announced that the service will be expanded to select markets outside the US in PayPal, however, does not allow for transfers of any cryptocurrency.
After buying Ether, you can only hold it or sell it within your account. You cannot send it to an external wallet, crypto exchange or even transfer it to another PayPal account. Crypto balances cannot be used to pay for goods and services, either. To use the new service, just log on to your PayPal account and select the Crypto tab. This option is only available to US customers for now except Hawaii residents. Once you buy your Ether coins, you need a place to store them safely.
The best alternative is to have a self-custody wallet that will let you control your private keys. Web wallets are software applications hosted on a website providing users with the utmost convenience but often at the expense of security. They are easy to connect to the vast Ethereum network of decentralized applications making it fast to transfer funds between accounts and dApps.
The biggest flaw to these wallets is that they are highly centralized and depend on the website provider to secure the account. They are also always accessible through the internet. Desktop and mobile wallets are great alternatives to web wallets. The latter means that the wallet downloads the complete blockchain ledger to the device in which it is installed, while the former means that the wallet does not hold the complete copy of the ledger.
Instead, lite client wallets request information about the blockchain from the full nodes. This means that they are constantly exposed to the risk of remote attacks. Hardware wallets are physical devices that store digital assets offline, allowing users to interact with various blockchain networks without running the risk of revealing their private keys. This is possible because hardware wallets can prevent remote access to these keys.
Hardware wallets come in different shapes and sizes but often are small in size and have a display screen to facilitate interaction with the device. As opposed to hot wallets discussed above, hardware wallets are not free.
The cost is a small fortune depending on your investment amount. It all depends on your preferences and options. Steel and paper wallets apply the same concept. The steel plates or pieces of paper are then kept in a safe place. Naturally, paper can degrade or get destroyed through fire and water. Using steel avoids these possibly unfortunate occurrences.
Paper is free and easily accessible, making paper wallets the most secure and cost-effective way of storing your Ethereum coins. On the other hand, steel wallets are costly, but they help mitigate the risks inherent in using paper wallets. Here are some of the popular steel wallets in the market you can use to store Ethereum:.
Note: To know more about proper and safe digital asset storing, be sure to read our in-depth crypto wallets guide. There you have it—some of the best ways to buy Ethereum and how to store it safely. We highlighted some of the best ways to invest in Ethereum. We also reviewed how to choose the best platform to buy the asset and included some popular platforms to get you started.
After acquiring your coins, you need to move them to a secure place—a wallet. We looked at the different types of wallets in the market and how best to choose which one fits your investment goals. We also highlighted some popular wallet providers to consider. Remember to always store your coins in a wallet of which you have complete control.
Do not leave your Ether in an exchange wallet for too long. The process is similar in most exchanges and the steps to buy ETH using a payment card are: 1. Find an exchange that accepts fiat deposits such as Coinbase and Binance; 2. Create an account and verify your identity; 3.
Deposit funds from card to the account; 5. Buy Ether ETH. Create PayPal account; 2. Log in to PayPal; 3. Select Ethereum; 5. The value of Ethereum fluctuates regularly making it a great asset for short-term traders. Long-term investors may also find that the possibility of increased blockchain adoption makes Ethereum a great diversification asset to include in their portfolios.
There are several recognized cryptocurrency exchanges that allow users to buy Ethereum safely. The safest wallets to store Ethereum are hardware wallets. Such wallets are not connected to the internet and therefore cannot be accessed remotely by hackers.
Popular hardware wallets for Ethereum are Ledger and Trezor wallets. Paper and Steel wallets are also great alternatives to hardware wallets as those are literally almost indestructible. Or follow us on Flipboard. Check your inbox or spam folder to confirm your subscription. Justin crafts insightful data-driven stories on finance, banking, and digital assets.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
This website is free for you to use but we may receive commission from the companies we feature on this site. Stocks Regulations Financial crime Banking Interviews. Percentage Calculator. Justinas Baltrusaitis Updated: 29 Nov, 27 mins read. Invest in crypto. What we like: Excellent reputation Many deposit options Great customer support More than crypto assets. Rating Visit Now Read full review. Buy Ethereum on Binance. Buy Ethereum on Coinbase.
Buy Ethereum on Kraken. With a DEX you can trade without giving control of your funds to a centralized company. Geographical restrictions apply. All products listed on this page are not official endorsements, and are provided for informational purposes only. If you want to add a product or provide feedback on the policy raise an issue in GitHub. Raise issue. Exchanges and wallets have restrictions on where they can sell crypto.
Enter your country of residence to see a list of wallets and exchanges you can use to buy ETH. Decentralized exchanges are open marketplaces for ETH and other tokens. They connect buyers and sellers directly. Instead of using a trusted third party to safeguard funds in the transaction, they use code.
This type of code is known as a smart contract. More on smart contracts. This means there are fewer geographical restrictions than with centralized alternatives. But this also means you need to take the security of your funds seriously. If you plan on buying a lot of ETH you may want to keep it in a wallet you control, not an exchange. If a hacker gains access, you could lose your funds. Alternatively, only you have control of your wallet. When you download a wallet it will create a public ETH address for you.
Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send! Your wallet should give you instructions on protecting against this. Be sure to follow them carefully — in most cases, no one can help you if you lose access to your wallet. Now that you own some ETH, check out some Ethereum applications dapps.
When you download a wallet it will create a public ETH address for you. Think of this like your email address, but instead of mail it can receive ETH. If you want to transfer ETH from an exchange to your wallet, use your address as the destination. Be sure to always double check before you send!
Your wallet should give you instructions on protecting against this. Be sure to follow them carefully — in most cases, no one can help you if you lose access to your wallet. Now that you own some ETH, check out some Ethereum applications dapps. There are dapps for finance, social media, gaming and lots of other categories.
Help update this page. Translate page. See English. What is ether ETH? Use Ethereum. Search away! Centralized exchanges Exchanges are businesses that let you buy crypto using traditional currencies. Raise issue New to ETH? What country do you live in? Type where you live Decentralized exchanges DEXs. What are DEXs? More on smart contracts This means there are fewer geographical restrictions than with centralized alternatives. You will need a wallet to use a DEX.
Get a wallet. Buy with traditional currencies Buy ETH with traditional payment types directly from sellers. This smashes through the capacities of Visa, MasterCard, and Paypal. On the one hand, both Bitcoin and Ethereum are decentralized cryptocurrencies — so no single person or authority has control over the network. However, it should be noted that Ethereum has clear leadership in the form of the Ethereum Foundation as well as Ethereum Labs. This is led by the founder of the cryptocurrency — Vitalik Buterin.
This is good news for investors in the UK that seek some form of accountability through a public face. Bitcoin, on the other hand, has no clear leadership. The good news is that you do not need to invest anywhere near this much when you buy Ethereum in the UK. On the contrary, by using a broker that supports fractional ownership, you can invest small amounts. This is great for two key reasons. Secondly, this allows you to deploy a dollar-cost average strategy. Every time you invest you will buy Ethereum at a different price — subsequently allowing you to average out market volatility.
This means that they do not have their own proprietary technology. The reason that so many digital currency projects have taken this route is that Ethereum makes the process of building a cryptocurrency so easy. In turn, this drives up the demand for the Ethereum coin. After all, ERC transactions require fuel to function — which is facilitated by Ethereum. When you buy Ethereum in the UK, you are investing in an asset class that is super-liquid. In simple terms, this means that you can convert your Ethereum coins back to pounds and pence whenever you see fit.
This is for several key reasons. Firstly, Ethereum is a multi-billion pound digital asset that trades on hundreds of third-party exchanges. As such, you will never struggle for liquidity — meaning that you will always find a buyer at the click of a button. This is no different from selling stocks and shares through an online broker.
Sign Up. Cryptoassets are highly volatile unregulated investment products. Secondly — and unlike the traditional stock exchange arena, cryptocurrencies are actually traded 24 hours per day, 7 days per week. As such, there is no requirement to wait until Monday morning to be able to cash your holdings out.
In doing so, the proceeds of your Ethereum investment will be added to your cash account and instantly available for withdrawal. Ethereum — like most cryptocurrencies, is typically priced in US dollars. This is no different from major commodities like oil natural gas, gold, and silver — each of which are bought and sold in USD.
However, some platforms also offer Ethereum pairs against the British pound. Nevertheless, the price of Ethereum will change each and every second — much like stocks do. This is because its value is dictated by market forces via demand and supply. Most investors in the UK think that the best way to buy Ethereum is with a debit card or credit card. Some will also opt for a bank transfer. However, if you want to buy Ethereum with Paypal, this is entirely possible.
But, very few brokers support e-wallets, so you need to shop around. Once you have made a purchase with Paypal, the Ethereum coins will remain at eToro. Then, when you get around to selling your Etheruem investment, you will be able to withdraw your cash balance back to Paypal. If you want to buy Ethereum with Bitcoin — you are performing a cryptocurrency exchange. This is the most traded crypto-to-crypto pair in the industry, so you have hundreds of third-party exchanges to choose from.
Binance is a popular choice with UK investors, as the platform offers super-low pricing. The example below explains how to buy Ethereum with Bitcoin at Binance, albeit, the process remains the same across most exchanges:. Once you complete the above transaction, you can either leave your Ethereum coins at Binance or withdraw them out of your private Ethereum wallet.
One of the biggest things holding UK investors back from cryptocurrencies like Ethereum is that they are concerned about safety. On the one hand, there are too many examples of people being scammed in the cryptocurrency scene. This has come in various forms, such as cryptocurrency exchange hacks or malware attacks. However, the good news is that it is entirely possible to buy Ethereum safely by following a set of core guidelines.
The body does not hand out licenses to any Tom, Dick, and Harry — especially when it comes to cryptocurrency brokerage services. An additional benefit of sticking with FCA-regulated brokers is that you will be able to buy Ethereum with an everyday payment method — like a debit or credit card. While it is true that Ethereum has increased in value by thousands of percentage points since it was launched in , you still need to have a firm grasp of the risks.
After all, you will be investing your own money into this digital currency — so make sure you consider both the pros and cons. It goes without saying that all investments can result in a financial loss — and Ethereum is no different. As such, if there are more sellers than buyers in the marketplace, then naturally, the price of Ethereum will go down. All in all, Ethereum — like all highly volatile digital assets, moves up and down very, very quickly.
As such, just make sure you understand that there is every chance you might get back less than you originally invested. Ethereum is the second-largest cryptocurrency in terms of market capitalization and trading volume. As such, it goes without saying that there are hundreds of cryptocurrency exchanges that give you access to this digital coin. However, in the vast majority of cases, these platforms will not be authorized or regulated by the FCA. As such, this is why we strongly advise that you only buy Ethereum in the UK with a broker that is regulated by the FCA.
In doing so, you will benefit from all of the regulatory protections that we discussed earlier. The above process appeals to a lot of cryptocurrency investors because it allows them to store their coins in a private digital wallet. These wallets are available via desktop software, mobile apps, and even a hardware device. Once the coins are in your wallet, nobody but you has control over the funds.
However, this does come with a slight caveat. For example, if your home computer was remotely hacked or you lost your mobile phone, the respective wallet could be compromised. If it was, then the hacker would all but certainly steal your Ethereum coins. In doing so, there would be no way for you to get the funds back.
Once again, this is why we suggest considering an FCA broker like eToro. The reason for this is that eToro does not allow you to withdraw your coins out and thus — it takes full responsibility for their safekeeping. Put simply, this consists of high-level security controls beyond the capabilities of a novice cryptocurrency investor.
If you looking to buy Ethereum in the UK — then you are likely doing so because you want to make money. To do this, you need to sell the coins at a higher price than you originally paid. This works in exactly the same way as buying shares.
In terms of how you actually sell Ethereum, this depends on the method you used to buy the coins. However, if you decided to use a cryptocurrency exchange and then withdrew the Ethereum to a private mobile, desktop, or hardware wallet — the process would be a bit more tedious. This is because you will first need to transfer the coins to a broker like Coinbase , convert the Ethereum back to fiat money, and then withdraw the funds to your bank account.
So now that we have covered the ins and outs of how this digital currency works, we now need to discuss where to buy Bitcoin. We have narrowed our list of platforms down to just three, which you will find below. The platform is super popular in the UK, with more than 13 million clients worldwide. In fact, the end-to-end process of registering, funding your account, and investing takes less than 10 minutes. In terms of what assets eToro hosts, this covers a vast number of investment classes.
For example, it hosts 16 different cryptocurrencies — including Ethereum. These are tradable against lots of fiat currencies. You can also buy shares from 17 different stock exchanges — which covers companies in the UK, US, Germany, Sweden, and more. This means that you can buy Ethereum in the UK without needing to waste money on brokerage fees.
There are no fees to keep your account open either, so you can hold on to your Ethereum investment for as long as you like. If you are interested in a longer-term investment strategy, you might want to consider an eToro CopyPortfolio. These are managed portfolios that allow you to invest passively. There are dozens of strategies to choose from — including cryptocurrency assets.
Visit eToro Now. This platform is the most popular cryptocurrency broker in the space and it now commands a client base of over 35 million users. The main attraction with Coinbase is that it offers a simple way to enter the cryptocurrency space for the first time. Once you have completed your Ethereum purchase, you have a couple of options regarding storage.
If you want to keep the funds at Coinbase, this is fine. Additionally, Coinbase has a huge team of skilled employees — which includes a fully-fledged risk-management department. Furthermore, and perhaps most importantly, Coinbase is authorized by the FCA.
However, there is a major drawback in choosing Coinbase as your go-to platform to buy Ethereum in the UK — especially if you want to use a debit card. This is because you will be charged a fee of 3.