Buy Ethereum (ETH) – The easy guide – How and where to buy and store ETH
Purchasing Ethereum (ETH) – In this guide you will learn how to buy Ethereum safely on all major exchanges. We will show you how to register on exchanges like Binance, Huobi, Kraken, etc. and how depositing funds and buying crypto works on each of these exchanges.
Ethereum is currently the second largest cryptocurrency if you look at market capitalization but what this metric fails to show is that Ethereum has the largest community of dApps and blockchain developers working on projects that are based on Ethereum. Back in 2017, during the ICO boom, a majority of all new blockchain apps, cryptocurrencies and crypto projects were based on Ethereum and the ERC-20 protocol. Today there are thousands of apps and cryptocurrencies in existence all thanks to the groundwork laid by Ethereum’s core developers.
If you simply want to buy Ethereum as quickly as possible, then simply follow the quick guide right below. The extensive guide for all major exchanges follows after that.
Click on “Buy BTC & ETH with credit card” in the upper right corner.
Choose the amount and click on “Buy now” after selecting Ethereum
Follow the payment processors instructions
After you have finished the transaction your Ethereum will show up on your balance within a few minutes. You will usually receive a confirmation email from Binance as well.
How do I store Ethereum (ETH)?
Ethereum can be stored in several ways and the best option is usually dependent on the user’s specific circumstances. Generally, you can store Ethereum in dedicated Ethereum wallets, in multi-cryptocurrency wallets, in the cloud or on exchanges. All options have their unique advantages and disadvantages regarding easy-of-use and safety. Most Ethereum investors hold the ETH either in their own wallets or on cryptocurrency exchanges, with the exchanges being the most popular option. While exchanges will never be as safe as properly secured personal Ethereum wallets, most users prefer the ease of use and accessibility to fast trading options over increased safety.
Here are the available options:
If you are going to use an exchange to store your Ethereum it is recommended that you choose one of the larger exchanges that have been around for some time to reduce risks. Examples of exchanges that have not been hacked or had any serious incidents losing customers funds are Binance, Kraken, Bitstamp, Huobi and Poloniex. These exchanges have an excellent reputation among their users and should be a viable option for storing your Ether.
Note: Please do your own due diligence research when choosing one or the other option for storing your Ethereum to make sure the associated risks are in line with your risk profile.
Why should you buy or invest into Ethereum (ETH)?
Ethereum currently is the second largest cryptocurrency, has an active community and developers who are actively working the development of Ethereum and its ecosystem. Ethereum, as on of the first movers in the space, offers investors a solid introduction into the altcoin market. While other altcoins may be more hyped or offer more attractive technology stacks Ethereum has a few things most other Alts lacks and that is a huge user base, hundreds of other altcoins developed based on the ERC-20 smart contract protocol and hundreds of working a popular dApps. If you look around the altcoin market you will be hard pressed to find another coin with as solid fundamentals as Ethereum. Yes, you maybe will be able to get higher returns with smaller and lesser known coins that could explode in the next Alt Season, but that will come at a considerable risk as more Alts fail than succeed. At this point in time Ethereum is a vital part of the blockchain economy and in a sense too big to fail. Most investors expect Ethereum to remain at the top of the Altcoin foodchain and consider this investment as “safe” as it gets with crypto.
How high could Ethereum rise in the future?
Ethereum has the potential to dominate the crypto market in the future in the same way Bitcoin does now, if the developers can overcome the current scaling problems. Assuming that Ethereum will overcome these, the sky will be the limit for Ethereum and prices between 1.5000 (around its last ATH) and 10.000 USD are realistic expectations depending on how the market develops in the future. The most avid Ethereum supporters are even expecting ETH to one day surpass Bitcoin in terms of market capitalization and lead the industry from there. The event was coined “The Flippening” during the last Bullrun in 2017.
How to speculate with Ethereum (ETH)?
While speculation inherently increase the already huge risks associated with simply trading crypto, there are options to speculate on Ethereum prices. Even exchanges like Binance have acknowledged the demand for margin and leverage trading at started to offer more advanced trading products geared towards speculators.
The following exchanges offer margin trading
The following exchanges offer leveraged trading
The highest leverage for ETH is currently available at the popular BitMEX platform which offers levers of up to 50x for Ethereum.
Note: Please be responsible when trading with margin or leverage as the possible losses can result in bankruptcy. It is advisable to only trade or gamble with money you can afford to lose.
Is Ethereum legal?
Yes, Ethereum can be legally purchased, stored and traded in most jurisdictions as only very few countries imposed a complete ban on all cryptocurrencies. As of 2019 Ethereum is banned in Afghanistan, Pakistan, Algeria, Bolivia, Bangladesh, The Repubilc of Macedonia, Saudi Arabia, Vanuatu and Vietnam. As the regulatory circumstances are shifting relatively quickly it is always a good idea to check the legality of cryptocurrencies in your country before making any investments.
A short explanation of Ethereum by Vitalik Buterin: