Ethereum (ETH) is the digital currency that is operated over Ethereum Blockchain. ETH is an open-source cryptocurrency and it allows the developers to connect over a decentralized application network. Ethereum is the second-largest cryptocurrency in the world, almost every crypto broker offers any ETH token. The value of ETH is rising day by day.
If you want to buy ETH and you are confused then this guide will help you to buy ETH tokens. In this guide, we will explain all the important things to remember while investing in ETH. This guide will help you to buy ETH coins.
Step 1: Setup Trust Wallet (Start Bitcoin Trading Here)
Step 2: Buy ETH. on trust wallet or on Binance – Join & Start Bitcoin Trading Now
Also Read: How to Buy Dogecoin (DOGE)?- A complete guide
ETH is based on a Blockchain network; the Blockchain has a dynamic community. The dynamic community includes individuals, organizations, developers, and miners. These all community members are working together to develop a secured network. These entities are working together to gain a competitive advantage.
Core developers- There is a team of developers who are dedicatedly working in the evolution of ETH, Vitalik Buterin leads the team of developers. These developers are implementing hard-coding rules into cryptographic algorithms.
Miners- Miners are playing a vital role in the Blockchain network. Miners confirm the transactions, update the ledger, and secure the platform.
Independent Developers- Independent developers are the creators of smart contracts and dApps that are the key players to the Blockchain.
Researcher- Researcher is those who have the technical capability and they are continuously doing research into this context.
Client- Blockchain is formed for clients; clients execute the transaction on the Blockchain network.
Organization- Blockchain is funded by an organization that uses decentralized applications.
Where you can buy Ethereum?
Have you ever purchased cryptocurrency? If you have already invested in cryptocurrency then you know that the most feasible way to buy the cryptocurrency is through a crypto broker. A Crypto broker is said to be an online crypto app or desktop trading platform that offers the exchange room for buying and selling the cryptocurrencies, here you can buy, sell, or trade-in cryptocurrencies. A crypto broker has the same characteristics as a stockbroker. It is very easy to create an account on an exchange; once your account is opened you can buy the cryptocurrencies. You can easily buy and sell the ETH tokens via the crypto broker, the broker executes the trade as per your recommendations.
Like other cryptocurrencies, you can buy ETH via the crypto broker. Ethereum is the second-largest cryptocurrency in the world, almost every crypto broker offers any ETH token. Choose the broker that fulfills your requirements, compare the fees and choose wisely. All the top brokers offer ETH tokens; you can buy ETH via credit card or debit card, wire transfer, bank transfer, or other cryptocurrencies. Top crypto brokers that offer Ether are Binance, Gemini, Coinbase, eToro, Robinhood, BlockFi, and crypto.com.
eToro is one of the most popular crypto brokers that offer the platform for buy, sell, or trade ETH tokens. eToro is the leading platform that exploits profits through price changes. It offers ETH tokens, you can buy them through fiat currency or other cryptocurrencies. you can also withdraw these tokens from the exchange.
Binance is the cryptocurrency exchange that also available in the mobile application. It accepts the payment in fiat money, here you can deposit via credit or debit card and wire transfer. It charges high transaction fees but it executes the transaction quickly. It offers all the top cryptocurrencies.
Coinbase is the largest Bitcoin broker in the world. It has listed all the top cryptocurrencies such as BTC, ETH, BCH, and Litecoin. Coinbase is operating in 32 countries worldwide mainly in United States, Singapore, Canada, and Europe.
Features of Crypto brokerage that should check-
- Number of cryptocurrencies offered by the crypto broker
- How is the trading platform?
- Other assets with cryptocurrency like stock account
- Fees, commission, deposit fees, or maintenance fee
- Other security measures
- Two-factor authentication
How to buy Ethereum (ETH)
Buy ETH with Bank Transfer
Buy Stablecoins that are listed on Binance and here you can do the funding through wire transfer or bank transfer in your account. Now you can use these Stablecoins to buy Ethereum through the Binance exchange.
You can easily trade in Ethereum with cryptocurrencies. There are more than 150 cryptocurrencies are listed on the Binance exchange, you can trade in Ethereum with any of such cryptocurrencies at the best rates in the market.
Buy Ethereum with Credit Card
Binance exchange offers crypto via credit card. Here you can directly purchase Ether and pay the funds through a credit card. It is said to offer the best platform for buying ETH via debit card or credit card.
How to buy ETH tokens via Binance
Follow these steps to buy ETH tokens-
- Get a wallet (Ledger Nano, Trust Wallet)
- Sign up to Binance
- Verify your identity
- Deposit the currency
- Buy ETH via your broker
- Withdraw your ETH tokens
- Transfer the coins to the wallet
What to Do After I Buy Ethereum
Once you buy the ETH you can use this crypto coin in different ways. You can trade it, hold it, use it, sell it, or donate it.
Many users hold the ETH coins after buying them with the expectation that the price will increase in the future. You can store your ETH coins on Binance exchange or any other crypto digital wallet for better security. Trust wallet is considered the most trusted and friendly mobile wallet for storing ETH coins. It is always advised to store the coins in the digital wallet.
You can also trade in Ether on Binance exchange; it offers Ether trading pairs for several cryptocurrencies. On Binance exchange you can trade Ether with more than 150 cryptocurrencies. Binance is the fastest-growing trading platform in the industry.
Ether tokens are a crypto token that can be used for making the payment for transactions on the Ethereum Blockchain. You can use the ETH tokens for making the payment.
Binance exchange allows the users to transfer these tokens to any point. Binance allows you easily transfer coins. You can buy ETH online and send it to anyone around the world with ETH address.
Binance Charity accepts ETH coins as donations for global projects that are running to improve the living standard of the people living under the poverty line. You can do BTC and ETH on the Blockchain network of the exchange.
How to buy Ethereum- Step-by-step guide
Step 1- Get a wallet
The first step is to get a digital wallet for storing cryptocurrencies. Digital wallets are the storage that is created to store the cryptocurrencies electronically. E-wallets are electronic wallets that are based on advanced technology. The advanced security mechanism is implemented in the designing of these wallets. Digital wallets are much secured to store cryptocurrencies and these are encrypted with private keys and public keys. If you already owned a wallet then you are not needed to own a wallet.
Crypto broker also offers the wallet services but it is not safe to keep the coins on the exchange. Exchanges are vulnerable to theft and scam. So it is advised to buy a wallet. Wallets are of two types- hardware wallet and software wallet. A hardware wallet stores the coins in hardware devices like a USB while a software wallet keeps the coins in the mobile application. Hardware wallets are more secured and safe.
Step 2- Open the crypto brokerage account
To buy the ETH tokens you have to first open an account with the online crypto brokerage. Choose the broker that offers the best deals of ETH. Ethereum is the second-largest cryptocurrency in the world, almost every crypto broker offers any ETH token. Choose the broker that fulfills your requirements, compare the fees and choose wisely. All the top brokers offer ETH tokens; you can buy ETH via credit card or debit card, wire transfer, bank transfer, or other cryptocurrencies. Top crypto brokers that offer Ether are Binance, Gemini, Coinbase, eToro, Robinhood, BlockFi, and crypto.com.
Open the website of the broker, register the account and provide the required information such as your name, address, email address, phone number, and Photo ID proof. The broker will verify your information and activate the account.
Step 3- Deposit the funds
Once the account is opened you will get the activation link. You have to reopen the website and now you can open the payment portal to deposit the funds. Funding can be done in several ways. You can deposit the fiat currencies as well as you can deposit the cryptocurrencies if you already own them. An exchange like Binance accepts the payment in fiat money, here you can deposit via credit or debit card and wire transfer. You have to link your bank account with the broker and it will verify your bank account before accepting the payment.
Step 4- Buy ETH token
Now you can buy ETH tokens. You can instruct the broker to buy the ETH tokens for you. Before placing the order check the market price of ETH and other tokens. You can place different types of orders such as market orders and limit orders. Market Order is placed when you want to buy the coins at the current market price. A limit order is placed when you want to buy the tokens at less price, you can specify the limit and the transaction will be executed when the prices will reach your limit. The broker will execute the transactions as you requested.
Step 5- Transfer the ETH tokens to the wallet
Once the transaction is executed you can check the balances to check your ETH tokens. Now you can transfer the tokens into the wallet for better security reasons. If you are buying coins for the long term then you should transfer the tokens to the wallet. If you want to exploit the short-term gain then you can leave it in an exchange wallet.