We have come far enough in the world of cryptocurrencies for me to explain what Ethereum is.
Ethereum witnessed a whopping growth of over 9000%. To simply put that into perspective, if you had invested a nominal $100, at the time of this writing, you would have made over $9000 from that investment, which is a huge 90x return.
However, for those who aren’t updated on Ethereum yet, here is Everything you need to know about Ethereum cryptocurrency.
Just like Bitcoin, Ethereum is must-have crypto in your portfolio. I will recommend anything between 10-25%, depending on your risk appetite.
How To Buy Ethereum?
Buying Ethereum is quite easy today. However, it was not the same in early 2014 because there were almost no exchanges selling Ethereum.
You can now buy Ethereum from several exchanges around the world but the process slightly varies from exchange to exchange. The basic principles, however, remain the same.
- Register on an Ethereum selling exchange such as CEX
- Complete KYC/AML checks if any
- Chose a method of deposit (Credit cards/Wire transfers/PayPal etc)
- Make a deposit (USD/EUR/GBP or BTC)
- Buy Ether from your deposited funds
This is normally the lifecycle of purchasing Ethereum in any country around the world. You also don’t worry about AML/KYC requirements because there are many exchanges that don’t require you to do that.
And if you don’t have bank accounts or wire transfer facilities, you can buy Ether directly in exchange for BTC or any other supported currency.
Lastly, the best option, and one that I personally like, is directly configuring your credit/debit cards with the Ether selling services to make transactions.
Now that you understand the basic steps of buying Ethereum, it makes sense in talking about where to go and buy Ethereum. For this, I will be listing a variety of sites/exchanges from which you can buy Ether directly, so stick around and enjoy.
Where To Buy Ethereum (Best Websites)
CEX.io, one of the trusted and oldest cryptocurrency player in the crypto space. It has been operating since 2013 from the UK and provides access to many major cryptocurrencies like Ethereum to its users.
You can register on CEX using ur email ID and go through the mandatory AML/KYC process for which you will be required to submit certain documents.
After you verification is done, you can complete a wire transfer to CEX.io to purchase ETH. They also have mobile apps for smartphone lovers. You can also deposit and withdraw funds directly from the mobile app. The UI is very sleek, and CEX mobile app offers one of the best user experience while trading your cryptos on the go.
Popular exchanges from where you can buy/sell Ethereum are:
Changelly is a very easy to use cryptocurrency exchange which helps you swap one cryptocurrency for another. They charge a nominal fee of 0.5% which seems fair for exchange that provides immense ease of use.
You can sign in to Changelly using your email ID. Also, there is no AML/KYC required for using Changelly.
You will require the following things to buy ETH from Changelly:
- Your ETH address to get your Ether tokens.
- Some bitcoins/altcoins to exchange for ETH.
At BestCryptoresources, we have talked a lot about this exchange because it the best cryptocurrency exchange you can get access to today.
Since its launch, Binance has listed Ethereum cryptocurrency for its interested buyers. You can head to Binance and use it for buying your first Ether.
They also have their mobile apps for both iOS and Android which you can use while on the move. However, it is strictly a crypto-for-crypto exchange which means that you can buy ETH only if you have BTC or any other supported currency of Binance. (
To use the mobile app, you need to create an account on Binance for which you can register here and see this video tutorial that explains how to trade on Binance.
Note: You can also claim a 50% discount on your trading fee by holding native BNB tokens of Binance exchange.
KuCoin is a new but robust exchange to trade popular cryptocurrencies like Ethereum.
In terms of volume of Ether, you will never find any issue on the exchange. To get started, you simply need to register on it using your email ID and deposit BTC or any other supported currency to buy ETH.
They too, like Binance, are a strictly crypto-for-crypto exchange where you will not find fiat pairs like USD/EUR etc.
KuCoin has a very neat UI and is a pretty good exchange to trade even for the first-timers. Another good thing about this exchange is that they have mobile apps for the users who want to buy ETH on the move.
Note: You can also claim a 50% discount on your trading fee by holding native KCS tokens of KuCoin exchange.
Coinmama is a Slovenian cryptocurrency service that makes easy for investors to buy cryptocurrencies like Ethereum.
Through Coinmama anyone can buy Ethereum through a debit/card that is Visa or MasterCard enabled if you have your card registered.
Coinmama’s registration process is quite straightforward. To get started, you need to register using your email ID following which you will be asked to submit some documents to prove your identity. The more documentation you provide, the more currency you can buy on Coinmama.
But unlike other exchanges or services where you get an inbuilt exchange wallet, Coinmama doesn’t provide that. So in order to have your ETH, you need to have a secure ETH wallet prior to purchasing from Coinmama. (Here is a list of secure Ethereum wallets to choose from)
Coinbase is another pioneer cryptocurrency exchange based out of the US that provides easy ways to buy/sell Ethereum.
Using Coinbase, you can simply deposit your fiat currencies like USD/EUR/GBP etc and purchase ETH in exchange for that.
But it has services in limited countries so need to check if you can use Coinbase in your geographical location (check here). Also, sometimes the waiting time for your actual Ethereum cryptocurrency can be long because it serves millions of customers every month.
7. LocalEthereum [ETH P2P Market]
If you are habitual of buying Bitcoin from LocalBitcoins, a P2P exchange, and you are out looking something similar for Ethereum too, look at LocalEthereum.
LocalEthereum is a peer-to-peer Ether portal that allows its users to swap ether (ETH) and fiat (USD, GBP, EUR, etc.) directly with other people, using end-to-end encryption and decentralized Ethereum-powered escrows.
You can pay fiat in many ways and get it exchanged for Ether via LocalEthereum.
This is also the safest way to exchange because with LocalEthereum you always control the private keys of your funds so there is absolutely no chance of fraud unless you make a mistake.
8. Buy Ethereum With Credit/Debit Card
Buying Ethereum with credit/debit cards is another easy way to get hold of your Ether tokens. There are many popular services that provide you with such options. But to use these services you need to undergo the AML/KYC process and configure your card well in advance. Once the verification is complete and your card approved, you can instantly buy ETH with your credit/debit cards
Services/exchanges to buy Ethereum with credit/debit card are:
Some of ETH Exchanges that I can Recommend you are:
That is it from my side in this write-up of How to buy ETH.
I will keep updating this article as and when I get to know about more such secure ways of buying Ethereum.
Caution: Never store your ETH with these services for long and always use an Ethereum wallet where you control your private keys such as Ledger Nano X.
Now, it’s your turn to recommend other ways to buy and sell Ethereum that you know about. Do let us know in the comments section below.